Former Riot Blockchain CEO John O’Rourke III and two others were the final defendants to settle with the SEC in a $27 million penny stock manipulation case. On March 6, three individuals including former Riot Blockchain CEO John O’Rourke III agreed to settle with the United States Securities and Exchange Commission (SEC) for $3.5 million…
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Zhen Ju Yong (Zen), CEO and Co-Founder of Singapore-based distributed private key management solution, Torus Labs, said he has been diagnosed with Covid-19 virus and is currently staying at an isolated ward in a hospital. "I fell ill yesterday and have just been diagnosed with" Covid-19, writes Zen today. He felt the symptoms commonly associated…
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Tokyo police say they have arrested two men over the hack of Japanese crypto exchange Coincheck. The platform was raided for some USD 400 million worth of NEM (XEM) tokens in January 2018, in what remains the world’s biggest-ever theft of cryptocurrency. Police have been chasing the perpetrators ever since, but believe they have now…
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Top Korean crypto exchange Bithumb has solicited blockchain forensics firm Chainalysis to monitor for suspicious transactions on its platform. On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations. Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious…
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Bitcoin price is down but this BTC “digital gold” is still up nearly 10% year-to-date, unlike traditional markets that are reeling from the coronavirus. Bitcoin (BTC) price took a bullish turn on March 10 as the digital asset surged to $8,150 before encountering resistance, which saw the price temporarily pullback to $7,730. The S&P 500…
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After attending the Ethereum Community Conference in Paris and ETHLondon hackathon, a co-founder of TorusLabs says he was diagnosed with coronavirus. On March 11, the co-founder of decentralized login service provider TorusLabs, Zhen Yu Yong (Zen), tweeted that he had been diagnosed with coronavirus COVID-2019. Zen urged people who may have been in contact with…
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A sudden move to sink base rates to just 0.25% stems from a desire to “support confidence” among businesses and consumers, the bank says. The United Kingdom’s central bank has followed the Federal Reserve in suddenly cutting interest rates — by the most since 2009. As various news outlets including the Financial Times reported on…
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The co-founder of bZx protocol, which was hacked last month, has taken full responsibility for the lapse and pledges changes for the future. The company that almost broke DeFi is asking for a new beginning. When the decentralized lending protocol bZx was hacked to the tune of some $1 million last month, some started questioning…
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A study by a trust-gauging company claims that cryptocurrency-related scams are the second-riskiest in Canada and the U.S. A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans. According to research from trust-gauging organization published on March 2nd, scams…
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The main idea behind the DeFi industry is that the financial product shouldn’t be managed by central server, company, organization, etc. As of early February, more than $1 billion U.S. dollars of assets reside in decentralized finance protocols, commonly called DeFi protocols. DeFi protocols and platforms offer crypto holders sophisticated financial tools that were unavailable…
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