An investigation into a Chinese cryptocurrency pyramid scheme has culminated in several successful prosecutions, as well as the recovery of hundreds of millions of dollars worth of yuan. Local Chinese media are reporting that Chinese prosecutors were able to successfully recover 1.7 billion yuan ($267.5 million) from a cryptocurrency Ponzi scheme known as OneCoin that […]
Background on BTC Mining Fundamentally, Bitcoin mining is an activity which adds Bitcoin transactions to the blockchain ledger. The process of mining is referred to as proof of work. Bitcoin mining creates proof of work by solving mathematical problems to create hashes. For a miner to verify a transaction, they must first calculate a 64-digit hexadecimal […]
ETHNews spoke with attorney Jason Somensatto, who shared his thoughts on the SEC’s latest initial coin offering complaint. Down goes another ICO! On May 29, 2018, the Securities and Exchange Commission (SEC) announced that it “obtained a court order halting an ongoing fraud involving an initial coin offering that raised as much as $21 million […]
On Monday, the special committee on the fourth industrial revolution urged the National Assembly to regulate ICOs rather than allow them to be banned without exception. In response to a universal ban on initial coin offerings (ICOs) instituted by South Korea’s Financial Services Commission (FSC) last September, a subcommittee of the National Assembly of the […]
Bithumb bans citizens of high-risk countries from its platform, top 5 cryptocurrency price changes, and more! Bithumb has announced it is prohibiting citizens of North Korea, Iran, Iraq, Sri Lanka, and seven other countries that are considered “high-risk jurisdictions” from using its platform. Image from ezphoto. Bithumb Bans Citizens of “High-Risk” Countries From Using Its Platform Bithumb, South […]
Ethereum classic (ETC) is set to fork in the coming days as part of a bid to diffuse a so-called ‘bomb’ in its code. Set for block 5,900,000, the change, in which all users of the original ethereum blockchain will need to update their software, is meant to disable a feature that is designed to increase […]
Covesting opens public beta testing, FCA investigating 24 cryptocurrency firms, top 5 cryptocurrency price changes, and more! Covesting, a decentralized platform designed “to bring copy-trading and professional asset management to the cryptocurrency world,” has begun public beta testing. Image from Olivier Le Moal. Covesting Opens Public Beta Testing Of Its Platform Covesting, a decentralized platform designed “to bring […]
That decision will cost you half a cent. Are you sure that’s the right move? If you’re a gamer, decentralized applications (dapps) hold an enticing promise: you might finally be able to truly own virtual in-game items and accumulate them without worrying about a company changing the rules and taking them away. But as with other big […]
Sygnia Ltd. to launch cryptocurrency exchange in South Africa, Circle offers new product for first-time investors, top 5 cryptocurrency price changes, and more! Sygnia Ltd., a South African money manager, announced it is starting a cryptocurrency exchange in Q3 2018. Image from Lukasz Stefanski. Sygnia Ltd. To Launch Cryptocurrency Exchange in South Africa Later This Year Sygnia […]
What is Namahe? Namahe wants to revolutionize supply chain management with the first solution based on blockchain and A.I. Brands. Adopting our platform will allow transparency and security of their supply chain, therefore saving millions on big audits and ensuring ethical sourcing. Joining our token sale therefore means to be part of an ethical revolution and […]
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