Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games. People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to help people invest in special products and other commercial developments pertaining to the Olympics. But […]

Russia’s Richest Man is Launching His Own Crypto Token

Billionaire Vladimir Potanin has received approval from the Russian central bank to launch his own blockchain-based platform and token to be used by consumers, Bloomberg reports. Oligarch Brings Blockchain to the Masses Vladimir Potanin, who recently became the richest man in Russia as per Forbes, wants to expand his blockchain platform by launching his own […]

Bitcoin SV’s Social Platform Twetch Streamlines P2P Payments

Bitcoin SV powered social media platform Twetch has launched a feature to streamline peer-to-peer (P2P) payments. Twetch is a Twitter-like social media platform where users must make micropayments in order to post and engage with content on the platform. Content creators are directly paid for their activity through a revenue sharing system based on likes […]

FinCEN Rehires Chainalysis Exec to ‘Confront Emerging Threats’

Chainalysis chief technical counsel Michael Mosier will return to the Financial Crimes Enforcement Network in a new role as Deputy Director and Digital Innovation Officer. According to FinCEN Director Kenneth Blanco, Mosier is the “right person with the right skills, at exactly the right time.” FinCEN Seeks Help Engaging Industry and Government Partners As per […]

Blockchain Traceability Overtakes Payments Among Major Corporations

Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. The now annual Blockchain 50 list was published in late February and includes fifty of the biggest brands in the world who are using blockchain, each with […]

Is the Bitcoin Network Becoming Unsustainable?

The electricity used to power the Bitcoin network is enough to power the Czech Republic more than once over. New figures by a PwC researcher have shown that the Bitcoin network uses more electricity to keep it running than the Czech Republic, a European country with a population of over 10.5 million people. The process […]

Holding Group Behind OKEx Invests in Wuhan-Based Blockchain Startup

OK Group, the conglomerate behind cryptocurrency exchange OKEx, is investing approximately 10 million RMB ($1.4 million) into Yun Qu Technologies, a blockchain startup based in Wuhan. The announcement was made on April 8 on China’s state news network, Xinhuanet. Yun Qu is headquartered in Wuhan, the epicenter of the novel coronavirus outbreak.  The investment was […]

Rhode Island Introduces ‘Economic Growth Blockchain Act’

The state of Rhode Island understands that to compete in the twenty-first century economy, Rhode Island must offer one of the best business environments in the United States for blockchain and technology innovators, and should offer a comprehensive regulatory technology sandbox for these innovators to develop the next generation of digital products and services in Rhode […]

High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets. In a tweet thread published on April 8, the exchange shared the 74-page court document detailing the judgment, summarizing: “Today, 8 April 2020, Justice Gendall delivered his judgment finding […]

Ripple-Backed Forte Adds 5 More Gaming Partners

Ripple partner Forte announced that it had teamed up with five game developers to leverage its blockchain platform for mobile and PC games. Forte Partners with Makers of Power Rangers: Battle for the Grid, Smite Forte, a blockchain platform provider and a partner of Ripple, announced that it had reached agreements with five game developers […]