In an attempt to find new sources of income due to international sanctions imposed on the country, North Korean hackers are now aiming at stealing funds of individual cryptocurrency users.
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South China Morning Post
Watch out. North Korean hackers are coming for your bitcoin
As sanctions on its nuclear programme leave Pyongyang strapped for cash, North Korean cyber thieves are turning their attention to individual investors.
The Federal Bureau of Investigation (FBI) has arrested Jared Rice, chief executive officer of cryptocurrency firm AriseBank, on charges of defrauding hundreds of investors to the tune of 4 million U.S. dollars.
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Cointelegraph
FBI Arrests AriseBank CEO, Indicted for Fraud of Over $4 Million
Texas: the CEO of a “decentralized bank” crypto firm accused of defrauding investors out of over $4 million was arrested by the FBI.
From November 21 to 23, the prominent Russian Internet Week conference was held at the VDNKh (a Soviet-era exhibition center), during which the most significant issues related to the development of the Internet and its resources were discussed. Special attention was paid to blockchain and cryptocurrencies, and the Crypto Event RIW conference was organized as part of Internet Week. Crypto industry experts talked about their technologies and, of course, the pains experienced by digital coin holders.
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decenter.org
The Russian Internet Week and What Was Said of Cryptocurrencies
The Russian Internet Week touched on some interesting topics involving the crypto market.
What is the cause of the recent crisis in the mining market? What are the consequences for cryptocurrency miners themselves?
Find out Now! »
Find out Now! »
decenter.org
The Mining Crisis: PoW Networks Are Becoming Unprofitable
Private mining is becoming history and the reasons why.
📨 #DeCenterDaily
🇺🇸 The U.S. Securities and Exchange Commission (SEC) has settled charges against boxer Floyd Mayweather and music producer DJ Khaled, who failed to disclose payments they received for promoting investments in initial coin offerings. Mayweather ($614,775) and Khaled ($152,725) agreed to pay a combination of disgorgement, penalties, and interest.
via SEC
🏦 Fidelity Digital Assets is looking to expand trading services for cryptocurrencies beyond Bitcoin and Ether, extending the number of supported digital assets to five to seven.
via CoinDesk
👨🏻💻 According to Internet security firm Kaspersky, the popularity of malware attacks that hack computers to mine cryptocurrency remains on the rise.
via Kaspersky Security Lab
🗣 Paul Donovan, Global Chief Economist of Swiss financial services firm UBS Wealth Management, said that cryptos will never be currencies.
via Cointelegraph
🇷🇺 The Minister of Economic Development of Russia referred to Bitcoin as a “soap bubble” that has led to investors’ losses.
via ccn
🇺🇸 The U.S. Securities and Exchange Commission (SEC) has settled charges against boxer Floyd Mayweather and music producer DJ Khaled, who failed to disclose payments they received for promoting investments in initial coin offerings. Mayweather ($614,775) and Khaled ($152,725) agreed to pay a combination of disgorgement, penalties, and interest.
via SEC
🏦 Fidelity Digital Assets is looking to expand trading services for cryptocurrencies beyond Bitcoin and Ether, extending the number of supported digital assets to five to seven.
via CoinDesk
👨🏻💻 According to Internet security firm Kaspersky, the popularity of malware attacks that hack computers to mine cryptocurrency remains on the rise.
via Kaspersky Security Lab
🗣 Paul Donovan, Global Chief Economist of Swiss financial services firm UBS Wealth Management, said that cryptos will never be currencies.
via Cointelegraph
🇷🇺 The Minister of Economic Development of Russia referred to Bitcoin as a “soap bubble” that has led to investors’ losses.
via ccn
@mdudas: “The fines paid by just these 10 banks over 10 years from 2008-2017 are larger in aggregate than the entire current market cap of all public cryptocurrencies.”
Back in 2017 when the initial coin offering (ICO) space had been experiencing astronomic increase both in terms of the number of projects and the amount of capital attracted, a common narrative was that a novel fund-raising mechanism might eventually replace the traditional venture capital (VC) model.
It didn’t pan out.
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It didn’t pan out.
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TechCrunch
So crypto didn’t kill venture capital after all
Last year, $7 billion followed into ICOs. Combined with 2018, the cryptocurrency-based funding mechanism is estimated to account for $20 billion. ICOs threatened to disrupt venture capital more widely across the board, but the signs suggest that a relative…
In this week’s #CryptoCaselawMinute delivered by The Block:
• SEC v. Blockvest
• SEC v. REcoin Group Foundation
• Blockchain Mining Supply and Services LTD v. Super Crypto Mining, Inc. and DPW Holdings
Read Now »
• SEC v. Blockvest
• SEC v. REcoin Group Foundation
• Blockchain Mining Supply and Services LTD v. Super Crypto Mining, Inc. and DPW Holdings
Read Now »
The Block
Crypto Caselaw Minute, Week of 11.25.18: Security blank-ed? Just because it isn’t a security doesn’t mean it isn’t fraud
The Block is delighted to bring you expert cryptocurrency legal analysis courtesy of Stephen Palley (@stephendpalley) and Nelson M. Rosario (@NelsonMRosario). They summarize three cryptocurrency-related cases on a weekly basis and have given The Block permission…
Russia is actively developing the “Turkish Stream” and “Nord Stream 2” pipeline projects for the supply of natural gas to Europe. For now, Moscow is more focused on protecting these pipes from U.S. sanctions, as well as winning legal disputes with E.U. representatives. The primary challenge that arises in the global energy sector, however, is the timely implementation of distributed ledger technology, which will save on expenses and reduce the cost of production and the price of raw materials.
Learn More Now! »
Learn More Now! »
decenter.org
Blockchain Will Decide the Fate of Russian Oil and Gas in the World
Blockchain and the oil and gas industry are intertwining at a breakneck pace.
📨 #DeCenterDaily
🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) has updated requirements for reporting real estate purchase to include cryptocurrencies.
via FinCEN
🏦 State Street, the world’s second-largest custodian bank, is seeing “a high level of interest” in digital assets.
via CoinDesk
🇬🇧 According to recent research, 74% of the U.K.-based blockchain firms consider regulatory issues one of their key concerns.
via ccn
🔋 Renewable energy accounts for 77.6% of the total Bitcoin’s energy usage, a recent report by CoinShares says.
via The Block
🇪🇪 The Estonian Ministry of Finance is eyeing to tighten regulation of the crypto industry in the country.
via Cointelegraph
🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) has updated requirements for reporting real estate purchase to include cryptocurrencies.
via FinCEN
🏦 State Street, the world’s second-largest custodian bank, is seeing “a high level of interest” in digital assets.
via CoinDesk
🇬🇧 According to recent research, 74% of the U.K.-based blockchain firms consider regulatory issues one of their key concerns.
via ccn
🔋 Renewable energy accounts for 77.6% of the total Bitcoin’s energy usage, a recent report by CoinShares says.
via The Block
🇪🇪 The Estonian Ministry of Finance is eyeing to tighten regulation of the crypto industry in the country.
via Cointelegraph
Last Monday, representatives of VanEck, SolidX, and the Cboe BZX Exchange met with the U.S. Securities and Exchange Commission (SEC) staff to once again pitch a Bitcoin exchange-traded fund (ETF).
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The Block
The SEC again met with the VanEck SolidX Bitcoin Trust team to discuss a bitcoin ETF
On November 28, representatives from three of the SEC’s divisions met with representatives from SolidX, VanEck, Cboe and Patomak to discuss a proposed rule change to list and trade the first bitcoin ETF (VanEck SolidX Bitcoin Trust). A previous meeting happened…
The Beijing Financial Work Bureau deems security token offerings (STOs) illegal, according to Huo Xuewen, director of the organization.
The authority’s head also advised “to only engage in such offerings when the government has legalized them.”
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The authority’s head also advised “to only engage in such offerings when the government has legalized them.”
Learn More »
CoinDesk
Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog
The head of Beijing’s Municipal Bureau of Finance has warned that security token offerings (STOs) are "illegal" in the city.
In light of recent OFAC’s crackdown on two Bitcoin addresses associated with Iran residents, crypto lawyers Beau Barnes and Jake Chervinsky wrote an article about an upcoming cryptocurrency sanctions enforcement.
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CoinDesk
Get Ready for Crypto Sanctions Enforcement - CoinDesk
Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.
On October 5, 2018, a group of scientists published a study, ennoscriptd The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin. Ben Kaiser (Princeton University), Mireya Jurado (Florida International University), and Alex Ledger (a staff member of the Lincoln Laboratory at MIT) concluded that China has the motives for attacking Bitcoin and, more importantly, the necessary resources to do so.
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Learn More »
decenter.org
How Far China’s Influence on Bitcoin Really Extends
China is slowly monopolizing Bitcoin, and this bears a series of threats for the world economy.
In the course of this week’s G20 Summit, world leaders stressed the fact that the regulation of crypto assets is a necessity for preventing money laundering and combating terror finance.
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CoinDesk
G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting
G20 leaders declared that they would regulate crypto to mitigate financial crimes in a statement after this weekend's summit.
📨 #DeCenterDaily
🇺🇸 The U.S. Department of Homeland Security (DHS) is interested in investigating and analyzing blockchain transactions, including those conducted in privacy-focused cryptocurrencies.
via CoinDesk
🏦 Global transaction network Calastone will adopt blockchain to process trades for its clients, among whom are major asset managers such as JP Morgan Asset Management, Schroders, and Invesco.
via Reuters
👨💻 China’s IT giant Tencent has alerted NEO developers and node operators to a bug that could potentially let hackers remotely steal user funds.
via Blockmanity
5️⃣1️⃣ The Vertcoin cryptocurrency recently endured a 51-percent attack, suffering a $100,000 loss.
via The Block
🇰🇷 The South Korean government is planning to tax cryptocurrencies and initial coin offerings (ICOs), according to finance minister nominee.
via Cointelegraph
🇺🇸 The U.S. Department of Homeland Security (DHS) is interested in investigating and analyzing blockchain transactions, including those conducted in privacy-focused cryptocurrencies.
via CoinDesk
🏦 Global transaction network Calastone will adopt blockchain to process trades for its clients, among whom are major asset managers such as JP Morgan Asset Management, Schroders, and Invesco.
via Reuters
👨💻 China’s IT giant Tencent has alerted NEO developers and node operators to a bug that could potentially let hackers remotely steal user funds.
via Blockmanity
5️⃣1️⃣ The Vertcoin cryptocurrency recently endured a 51-percent attack, suffering a $100,000 loss.
via The Block
🇰🇷 The South Korean government is planning to tax cryptocurrencies and initial coin offerings (ICOs), according to finance minister nominee.
via Cointelegraph
A leading Ethereum Classic (ETC) development group announced the shutdown.
Source: https://goo.gl/zEiFjt
Source: https://goo.gl/zEiFjt
Due to the latest cryptocurrency market plummet, many have started expressing the sentiment that Bitcoin mining is facing its demise. The article below refutes this unfounded and defamatory assumption.
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The Block
The “Bitcoin mining death spiral” debate explained
Bitcoin is not going into a “mining death spiral.” Now that we’ve gotten that out of the way… rather than fear-mongering, The Block is committed to clarifying comments and concerns posed by crypto-fund managers and enthusiasts alike with level-headed technical…
The cryptocurrency trading platform ErisX has closed a $27.5 million fundraising round. Among the startup’s backers at this stage are Nasdaq, Fidelity, Bitmain, and ConsenSys.
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CoinDesk
Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX
ErisX has closed a $27.5 million Series B funding round to build a regulated crypto spot and futures market.