EOS Maker Block.One Settles With SEC Over Unregistered Securities Sale

EOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening. The SEC said in a press release that Block.One “raised the equivalent of several billion dollars” over a one-year period in an unregistered initial coin offering (ICO). (A total of […]

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German Police Seize Second Crypto-Fueled Cyberbunker

German police have raided and shut down Cyberbunker 2.0, a decommissioned NATO bunker that housed dark web market servers and child porn. The bunker, hidden in the Mosel River town of Traben-Trarbach, held multiple stories of servers as well as “$41 million worth of funds allegedly tied to these markets,” according to security researcher Brian […]

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Ethereum’s Istanbul Upgrade Arrives Early, Causes Testnet Split

Ethereum test network Ropsten has forked into two separate chains following the activation of system-wide upgrade Istanbul. “It appears there are two different chains mining the Ropsten test network. There are miners mining on the old [Ropsten] chain and miners mining the new one,” explained Ethereum Foundation community manager Hudson Jameson, adding in a tweet: […]

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Fusion Network Loses Millions in Private Wallet Hack

Millions of tokens have been stolen from the Fusion Foundation, the non-profit tasked with maintaining the network of the same name. In a blog post, the foundation said one of its wallets, containing 10 million of the Fusion Network’s native FSN tokens and 3.5 million ERC-20 FSN tokens had been drained Saturday. The thief’s haul […]

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Cardano and New Balance Will Team up to Stop Counterfeit Kicks

IOHK CEO Charles Hoskinson announced a partnership with sneaker manufacturer New Balance at the Cardano Summit in Bulgaria on Saturday. The stated goal? To use IOHK’s Cardano blockchain to ensure that New Balance shoes are authentic. In the video below, Hoskinson offers a tidbit about the planned partnership. “For a little while we’ve been working […]

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Crypto Exchange Bithumb’s $333 Million Acquisition May Be in Jeopardy

A deal to acquire cryptocurrency exchange Bithumb for over $300 million remains in choppy waters. According to The Korea Herald on Monday, fintech firm BK Global Consortium’s deal to buy a majority stake in the major South Korean exchange has not yet been fully paid for. In October 2018, BTC Korean Holdings had agreed to sell 51 […]

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Ethereum’s Istanbul Upgrade Will Break 680 Smart Contracts on Aragon

A system-wide upgrade is coming to ethereum’s Ropsten test network on Wednesday. And while “Istanbul” should ultimately introduce network efficiencies, the testnet launch won’t be smooth sailing for everyone. For governance platform Aragon, in particular, the code changes are expected to break roughly 680 smart contracts, according to Aragon One CTO Jorge Izquierdo. These smart […]

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Ether Outshines Bitcoin in a Gloomy Month for Crypto Prices

September has been a rough month for bitcoin and the wider cryptocurrency market, but ether has weathered the storm better than most. Bitcoin, (BTC), the leading cryptocurrency by market value, is on track to post a monthly loss of more than 16 percent – the biggest since November 2018, according to CoinMarketCap. As of writing, […]

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Coinbase-Led Group Aims to Help Crypto Firms Avoid Securities Violations

Crypto industry leaders are taking the initiative to help firms in the space avoid falling foul of securities rules. In a company blog post, Coinbase announced it’s co-founded the Crypto Rating Council, a member-only organization purposed with assisting cryptocurrency companies determine if they comply with current U.S. federal securities law. Coinbase is joined at launch by […]

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