Cryptocurrency scams aren’t doing so hot with the current pandemic conditions, dropping in value by 61 percent between March 13 and 31. It’s recovered a bit since that time, but the value of Ponzi schemes and investment scams, which are most of what constitute cryptocurrency...
Canaan Creative, the Chinese bitcoin miner maker, registered a net loss of $148.6 million for last year on $204.3 million in revenue, CoinDesk reported. The company said it had $114.7 million net loss in just the fourth quarter of last year. Canaan, for its part,...
After a cybercriminal took advantage of a sizable software flaw to steal digital currency valued at over $250,000, Bisq suddenly stopped allowing trading Tuesday night (April 7) when it came across “a critical security vulnerability,” Coindesk reported. The decentralized exchange (DEX) said it engaged in...
Shipping technology company CargoSmart Limited led an experimental blockchain project for the release of cargo with the Shanghai International Port Group (SIPG), Tesla and China Ocean Shipping Company (COSCO), according to an announcement. SIPG and COSCO made the cargo release process more efficient over the...
Eleven class-action lawsuits targeting crypto exchanges and cryptocurrency issuers were filed Friday (April 4) in Manhattan’s U.S. District Court. The plaintiffs, who are investors with the companies, allege the companies sold unregistered securities that totaled in the billions, according to published reports. In other crypto...
OneConnect Financial Technology and China Merchants Port Group (CMPort) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms,...
Blockchain company Binance has acquired the CoinMarketCap cryptocurrency data tracking website, according to an announcement. CoinMarketCap, which is a source for digital currency prices and exchange trading volume, will be kept operating as an independent business entity. The announcement noted that the Binance digital currency...
Spending at darknet markets declined during the past two months even with a drop in the price of the digital currency, per Chainalysis data, as the coronavirus pandemic has impacted every part of the global economy, CoinDesk reported. Darknets are websites that facilitate the sale...
Manetu, a data privacy startup, reportedly just notched $3.5 million in seed funding, but distributed ledgers only have a small function in the company that will reportedly launch in April even though its team has blockchain expertise, Coindesk reported. The firm is not heavy on...
