The head of a bitcoin escrow company has been charged with defrauding investors for $7 million. The U.S. Attorney’s Office of the Southern District of New York, part of the Department of Justice (DOJ), revealed that it has brought two counts each of commodity and...
The U.S. Federal Bureau of Investigation (FBI) has filed a search warrant request for a trading and securities fraud investigation related to the blockchain pivot of Long Island Iced Tea (LTEA). Quartz reported that the FBI wants to gain access to encrypted messages held on...
New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. The division will also look at new way to use technology to address financial exclusion; identify and protect consumer data...
Union Bank of the Philippines is experimenting with blockchain for remittances, as its chairman believes that the technology can boost financial services in rural areas. Chairman Justo Ortiz revealed that the bank is allowing overseas Filipino workers to send money home quickly while also maintaining...
Swedish cryptocurrency exchange QuickBit revealed to investors that it accidentally leaked 300,000 customer records via an unprotected MongoDB database. “QuickBit has recently adopted a third-party system for supplementary security screening of customers. In connection with the delivery of this system, it has been on a...
Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it wasn’t related to Libra. “Before I begin my questions, I just want to take a moment to commend the South Dakota Division of...
A ransomware virus that the FBI has been tracking since 2018 has been detected in China. According to CoinDesk, a recent Tencent Security report stated the virus — named Ryuk — has infected more than 100 government and private enterprises in the U.S., with hackers...
Horizon Blockchain Games announced that it has raised $3.75 million in a seed round, led by Reddit Co-Founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital. The company has already built an online game, SkyWeaver,...
Lawmakers doubts over Facebook‘s planned cryptocurrency, Libra, is having a negative impact on bitcoin. The Wall Street Journal reported that bitcoin’s price fell to about $9,100. Before it rebounded later Wednesday (July 17), it had lost almost a third of its value after trading above...
