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South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

news South Korea’s top financial regulator has said it will not lift the ban on domestic initial coin offerings (ICOs) after finding that some projects have been violating rules.As ICO investment is a “high risk” activity, the Financial Services Commission (FSC) said, calling on the public to exercise caution when investing in token projects, according…
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Report: Majority Of $11.4 Million Stolen In 2018 Iota Token Heist Has Been Found

Report: Majority of $11.4 Million Stolen in 2018 Iota Token Heist Has Been Found

A top member of the Germany-based Iota (IOTA) Foundation has said the majority of the ~$11 million alleged to have been stolen in a major Iota token heist last year has been found, Reuters reported Jan. 30.As reported, the suspected perpetrator of the heist was arrested earlier this month in Oxford, U.K., following a multilateral…
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Ethereum Hackathon ETHDenver Partners With UNICEF On Blockchain Bounty System

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers to create projects which promote social good, the press release notes.ETHDenver — set to take place February 15-17 in Denver, Colorado — has…
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Nasdaq Examines Work With 7 Crypto Exchanges: Gemini And SBIVC Are In

Nasdaq Examines Work With 7 Crypto Exchanges: Gemini and SBIVC Are In

Cryptocurrency exchanges that wish to better themselves and improve their technology are seeking partnership with Nasdaq. Nasdaq is already in possession of an advanced proprietary surveillance technology that scans transactions and seeks out fraudulent patterns. To collaborate with any crypto exchange, Nasdaq has first prepared a test that the exchanges need to pass, with their ability…
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IOTA: Almost All Tokens From $11 Million Hack Have Been Found

IOTA: Almost All Tokens From $11 Million Hack Have Been Found

news Almost all of roughly $11 million-worth of iota tokens alleged to have been stolen by an individual from Oxford, UK, have been found. IOTA co-founder and board co-chairman Dominik Schiener told Reuters that the funds are currently being held as evidence in a police investigation. As reported on Jan. 24, a Europol-coordinated effort involving British…
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Danish Government’s Energinet Signals Iota Deal To Improve Energy Sector Offerings

Danish Government’s Energinet Signals Iota Deal to Improve Energy Sector Offerings

Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30.Energinet, which is an independent enterprise under Denmark’s Climate and Energy Ministry, wants to examine how it could leverage Iota’s Tangle technology in the energy and…
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Ripple Hires Ex-HSBC, CIT Exec As General Counsel After Five-Month Hiatus

Ripple Hires Ex-HSBC, CIT Exec as General Counsel After Five-Month Hiatus

Blockchain payments network Ripple announced it had hired a former HSBC general counsel to oversee its legal services and compliance, in a press release Jan. 30.Ripple, which has not had a general counsel of its own since September last year, will draw on Stuart Alderoty’s expertise as it navigates the legal territory associated with its…
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Cryptocurrency Lending Firm Genesis Global Trading Processed Over $1.1 Billion In 2018

Cryptocurrency Lending Firm Genesis Global Trading Processed Over $1.1 Billion in 2018

Cryptocurrency lending company Genesis Global Trading processed $1.114 billion in borrows and lends last year, according to the recently released Digital Asset Lending Snapshot for Q4 2018.At the end of Q3 2018, the company published its first Digital Asset Lending Snapshot, which reported that Genesis Global Trading only processed $553 million at the time counting…
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NEM Foundation, On Brink Of Bankruptcy, Plans Layoffs And Pivot

NEM Foundation, on Brink of Bankruptcy, Plans Layoffs and Pivot

feature The NEM Foundation, a community-funded nonprofit established to promote the NEM blockchain, is planning layoffs across its entire 150-person staff in the wake of severe budget cuts and ahead of an imminent restructuring, CoinDesk has learned. The newly elected president of the NEM Foundation, Alex Tinsman, told CoinDesk Wednesday the Singapore-based NEM Foundation now intends…
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Ethereum-Based ‘Wrapped’ Token Backed By Bitcoin Launches

Ethereum-Based ‘Wrapped’ Token Backed by Bitcoin Launches

Wrapped Bitcoin (WBTC), an Ethereum (ETH)-based token backed by Bitcoin (BTC), has launched today, Jan. 31, according to a press release on the network’s website. The currency is a joint initiative by blockchain security firm BitGo, Kyber Network liquidity protocol and others.BitGo announced the development of the coin backed 1:1 with Bitcoin in October 2018.…
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