Crypto investment products see $436M inflow, while Ethereum continues to suffer

Embattled Canadian cryptocurrency exchange QuadrigaCX reportedly never had the $190 million in Bitcoin (BTC) it supposedly lost access to when its CEO unexpectedly died, new research claimed on Feb. 5.The report, published on cryptocurrency portal Zerononcense Blog, makes several claims about the true state of QuadrigaCX’s Bitcoin holdings, all of which contradict official statements.QuadrigaCX has…

US authorities are working to return $8.2 million in crypto frozen and seized from three scam addresses to victims of a con involving fraudulent messages and a fake investment scheme.  The scam involved sending messages to random phone numbers pretending to have the wrong number. From there, the scammers would befriend the recipient, gain their

British consumers need stronger rules to protect them from deceptive crypto ads, says U.K. minister. 352 Total views 7 Total shares The government of the United Kingdom believes that current rules do not go far enough to protect consumers from misleading crypto ads and is advocating change.New proposals published on July 20 would, if approved,…

Retail giants Carrefour and Nestlé are now using IBM’s Food Trust blockchain platform to track the supply chain of milk-based formula for infants, according to a Nov. 14 announcement.By using the platform, the firms aim to advance consumer confidence in the products’ quality by ensuring more transparency of the entire supply chain of formulas produced…

Rabi Sankar has taken a strong stance against cryptocurrency citing a “destabilizing effect” it may have on the country’s fiat currency. T. Rabi Sankar from the Reserve Bank of India compared cryptocurrency to ponzi schemes and said that banning them, not regulating them, would be the “most advisable choice” for the Indian government.Sankar, the deputy…

Chef Nomi seemed sincere to Sam Bankman-Fried, but greed probably took over. In the wake of the sudden departure of Chef Nomi, the original founder of SushiSwap, FTX exchange CEO Sam Bankman-Fried was left to sort out the mess. Cointelegraph interviewed Bankman-Fried about his Sushi-related adventures and his vision for the future of the project. Bankman-Fried became…

Blockchain consortium R3 and global IT leader Wipro Limited have developed a blockchain solution prototype to enable digital currency for interbank settlements in Thailand, according to a press release from May 7.The release states that the solution will be used by the country’s central bank, the Bank of Thailand (BoT), and eight local commercial banks…