UK Counties Warn of Bitcoin Scams Using Coronavirus as a Hook

U.K residents are being warned against scammers claiming to offer information on locals infected with coronavirus for payments in bitcoin. Local councils from the counties of Pembrokeshire, Manchester and Norfolk have issued warnings to local residents against scams using the COVID-19 outbreak to exploit fear and uncertainty through text messages and emails posing as an […]

Continue Reading

WeChat Now Censoring Bitmain and Crypto Price Prediction Accounts

The WeChat messaging app is continuing its efforts to block official accounts that involve cryptocurrencies, now targeting those that distribute content for sales of bitcoin miners and cryptocurrency market analysis. The official sales channel of bitcoin mining giant Bitmain, which has the WeChat ID “antminersale,” appears to be blocked on Monday. As of press time, […]

Continue Reading

Former Employees Sue Justin Sun and TRON Foundation, Alleging Workplace Hostilities

A lawsuit accuses the frontman of the TRON cryptocurrency and his business associate of harassing and firing two employees, allegedly as payback for the employees’ objections to management practices and applications of the technology they were developing. In a 70-page document filed in October in the California Superior Court for San Fransisco County, Richard Hall, […]

Continue Reading

Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney

The outgoing governor of the Bank of England (BoE) has highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K. In a foreword to a BoE working paper on Thursday, Mark Carney wrote, “While CBDC (central bank digital currency) poses a number of opportunities, it […]

Continue Reading

China Injects $4.7M Into Central Bank’s Blockchain Trade Finance Platform

The Chinese government has earmarked additional funding for a blockchain-based trade finance platform developed and led by the country’s central bank. The People’s Bank of China (PBoC) is to receive 32.35 million yuan (around $4.7 million) in “special funding” from the government over a three-year period for research and development into the trade initiative, officials […]

Continue Reading

US Prosecutors Unseal Charges Against Alleged Silk Road Advisor

US prosecutors have unsealed charges against who they believe is a former high-ranking employee of the Silk Road, the now-defunct online dark marketplace. Roger Thomas Clark was charged with conspiracy to traffic narcotics and conspiracy to launder money. He was arrested in Thailand on 3rd December, according to US Attorney’s Office for the Southern District of New York, […]

Continue Reading

Cryptsy CEO Stole Millions From Exchange, Court Receiver Alleges

Cryptsy CEO Paul Vernon may have stolen as much as $3.3m from the now-defunct digital currency exchange and destroyed evidence of his illicit actions. That’s according to new court documents from the ongoing class action lawsuit filed against the troubled industry exec. A report from court-appointed receiver James Sallah, published on 2nd August, details efforts to […]

Continue Reading

Another Crypto Exchange Is Dropping Privacy Coin Monero Over Compliance Risk

A Northern European digital assets exchange is to delist the privacy-focused monero cryptocurrency to align with international anti-money-laundering standards. Estonia-based BitBay announced Monday that monero (XML) will no longer be tradeable from Feb. 19, 2020. However, the crypto exchange is to cease deposits of XML as of this Friday, Nov. 29, and will block withdrawals […]

Continue Reading

Crypto Exchanges Need Common Messaging to Comply With Travel Rule

Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. Done right, international standards are something we can take for granted.  Very few have been caught marveling at the magic of withdrawing cash from an ATM that isn’t owned by […]

Continue Reading

Sweden’s Central Bank Finally Embraces DLT, but Only in Simulation Mode

Sweden’s central bank will soon trial a blockchain-based digital currency – but it’s still in its very early stages, at best. Announced Thursday, Sveriges Riksbank’s e-krona pilot is the latest attempt at a central bank digital currency (CBDC) from an institution that for years fretted over basing any such project on distributed ledger technology (DLT). […]

Continue Reading