Blockchain Conference Shut Down By Police, Organizers Claim ‘No Legal Issues’

Organizers of a Chinese Blockchain conference that police suddenly shut down have denied rumors they invited a suspected fraudulent Initial Coin Offering (ICO) to the event, local news outlet YMTMT.com reported Thursday, April 12. Local media reports cite PTP International, the organizers behind the Global Fintech & Blockchain China Summit 2018 (GFBCS) in Shanghai, as …

Ripple Invests $25 Mln In XRP In Blockchain Venture Fund

Ripple, a San Francisco-based payment network utilizing Blockchain technology, invested $25 mln of its own cryptocurrency, XRP, into Blockchain Capital Parallel IV LP venture fund, according to a company announcement April 11. The $150 mln fund is managed by Blockchain Capital, the oldest venture capital firm dedicated to Blockchain technology and the digital currency ecosystem, …

Bitfinex in Poland: Were There Money Laundering Links?

On April 7 reports started emerging from Poland that Polish prosecutors seized €400 mln from an account that was allegedly linked to one of the biggest exchanges globally, Bitfinex. While links to the crypto exchange existed, they were tenuous at best, and involved a long string of players that apparently led back to Bitfinex. From …

UK National Cyber Security Centre Includes Cryptojacking In Report On Cyber Threats

On April 10, the UK National Cyber Security Centre (NCSC) released a report analyzing how nefarious cyber activity influenced the business environment in Great Britain over the past year. The report dedicates a section to cryptojacking, a form of cyber attack in which a hacker utilizes an individual’s computer, without the owner’s knowledge, to mine …

Overstock’s tZERO Reveals Prototype Of Security Token Trading Platform

Retail giant Overstock’s Blockchain subsidiary tZERO has introduced the prototype of its upcoming security token trading platform, Business Wire reported Monday, April 9. The company also recently released a demo video describing the details and main principles of the tZERO trading software. According to Overstock’s CEO Patrick Byrne, the released prototype of the platform intends …

Cryptocurrency Exchange Develops An App And A Debit Card To Pay And Cash Out Cryptocurrencies

In Nov. 2017, Fidelium, a US-based project with South Korean roots, signed a contract with a major debit card provider to allow cryptocurrency owners to make payments practically anywhere, as well as to withdraw cash at affiliated ATMs. As the project team reported to Cointelegraph, the debit card will be integrated with the Fidelium’s Multiwallet …

Canadian Barter Platform Introduces Its Own Cryptocurrency

Canadian online trading and barter platform Bunz Trading Zone is launching its own cryptocurrency, BTZ, local paper The Globe and Mail reports April 9. BTZ  (pronounced “bitz”) is reported to be “the first Canadian cryptocurrency to launch to an already-established community – its own members.” Bunz was launched in 2013 as a private Facebook group …

Chinese Blockchain Industrial Park Opens With $1.6 Bln Partially Govn’t-Backed Fund

A 10 bln yuan (around $1.6 bln) Blockchain innovation fund was announced today, April 9, during the opening of the Hangzhou Blockchain Industrial Park in China, local news outlet Lie Yunwang reports. The Xiongan Global Blockchain Innovation Fund is financed by the Yuhang District Government – 30 percent of the total funds are “government-guided” – …