New York-based blockchain analytics firm Chainalysis sacks 39 of its employees to cut costs and extend profits. Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable. On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board…
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Chinese police have reportedly shut down the Shanghai offices of leading cryptocurrency exchange Binance. Chinese authorities have reportedly raided and shut down the Shanghai offices of leading cryptocurrency exchange Binance. Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees…
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Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their products’ supply chains. Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their product supply chains. Cermaq announced the development in a Nov. 20 press release, revealing that it…
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Former Locke Lord LLP partner allegedly received $50 million to launder $400 million for OneCoin co-founder and current fugitive Ruja Ignatova. United States prosecutors told a Manhattan jury that lawyer Mark S. Scott was paid $50 million to help OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million. On Nov. 20, Law360 reported that…
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Think tank The Rand Corporation has released a report on investigating illicit transactions on the dark web, including the use of cryptocurrencies. United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement. On Nov. 20, The…
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Chinese companies submitted around 7,600 blockchain patent applications between 2009 and 2018, about three times as many as U.S.-based companies. Measured by patent applications in the sector, China is handily outpacing other countries including the United States in blockchain technology. On Nov. 20, Japan-based financial newspaper Nikkei reported that Chinese companies submitted around 7,600 applications between…
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The new $200 million Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash. Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund. Ver has announced the news speaking at a Bitcoin Cash meetup in…
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French law enforcement’s cybercrime unit has validated judicial expenses incurred during investigations on the Tezos blockchain. The French Armies and Gendarmerie’s Information and Public Relations Center has validated judicial expenses incurred during investigations on the Tezos (XTZ) blockchain. A press release published on Nov. 20 notes that the Gendarmerie’s cybercrime division (C3N) used the system…
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BLOCKTV is proposing to pay sources for providing info for meaningful stories in the blockchain space, while some journalism experts disagree. Tel Aviv-based media outlet BLOCKTV announced details of a tokenized rewards system to incentivize sources to share exclusive news tips. This comes after BLOCKTV revealed that its native token, BLTV, would be listed on…
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Binance, the second-biggest crypto exchange, fell out of CryptoCompare’s new exchange rankings due to security concerns. London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in…
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