Category: ETH

Beijing-based Canaan Creative, a leading manufacturer of blockchain servers and solutions for repetition ASIC chips, has again filed to go public (this time in the US markets). The company, which is one of the world’s largest crypto mining equipment producers, filed its initial public offering (IPO) prospectus with the US Securities and Exchange Commission (SEC)…

Paxos is planning to streamline equities settlement by using a regulatory compliant blockchain-based process. The Paxos Trust Company received a no-action relief letter from the US Securities and Exchange Commission (SEC) on October 28, in order to conduct equity securities trading on a blockchain-enabled platform designed specifically for broker-dealers.  Paxos’s management revealed that Credit Suisse…

China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures.  The country intends to further liberalize its financial markets, a veteran foreign exchange regulatory official confirmed on October 26. The recent comments made by Lu Lei, deputy head…

The US Attorney for the Southern District of New York indicted Oz Yosef, an executive at  Crypto Capital, on three criminal counts. According to an October 23 court filing, Oz Yosef was indicted by US authorities on charges involving conspiracy to carry out bank fraud, bank fraud, and conspiracy to run an unregistered money transmitting…

A crypto entrepreneur has filed a lawsuit against giant telecommunications firm AT&T over an alleged SIM swapping hack which reportedly led to the loss of  $1.7 million in digital currency, in an attack targeting three blockchain professionals who attended Consensus 2018 Seth Shapiro, a two-time Emmy Award-winner, author and professor at the University of Southern…

On October 26, the Standing Committee of the 13th National People’s Congress in China revealed that a new cryptography law will go into effect January 1, 2020, according to local news outlet Xinhuanet. The announcement comes only a day after Chinese president Xi Jinping called on the citizens of the $12 trillion economy, the second-largest…

A nuclear lab researcher in Russia will reportedly be serving three years in a prison colony for allegedly using government equipment to illegally mine Bitcoin (BTC). Andrey Rybkin, a nuclear scientist working at the All-Russian Scientific Research Institute of Experimental Physics in Sarov, was the last of three other employees to receive a prison sentence…

The World Economic Forum (WEF), a Cologny-Geneva-based NGO that aims to improve the state of the world by engaging world leaders to shape global agendas, will work with seven large mining and metal firms to create blockchain software to help with sourcing materials in a more responsible and sustainable manner. The Mining and Metals Blockchain…

South Korea-based Coinplug, a leading Bitcoin (BTC) exchange, wallet and payment company, has raised 7.5 billion won (appr. $6.4 million) from the venture capital divisions of several major local financial institutions. Coinplug’s management noted in a press release on October 24 that the investments came from KB Investment, the VC arm of the KB Financial…

Jack Dorsey, CEO of two multi-billion dollar companies, microblogging network Twitter and payments technology firm Square, has said that Twitter will never join the Facebook-led Libra stablecoin project. On October 24, a Twitter thread by Hollywood Reporter editor Alex Weprin, who was attending an event held at Twitter’s New York location, revealed that Dorsey wants…