Hacked crypto exchange DMM seals deal with SBI, accounts to open March
SBI VC Trade has sealed a deal with DMM Bitcoin to receive the hacked exchange’s assets, with DMM customers expected to transition to SBI in March.
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National Fisheries Institute and IBM’s Food Trust Work on Seafood Blockchain Traceability
United States seafood trade association National Fisheries Institute (NFI) is working with IBM’s blockchain supply chain solution Food Trust to trace seafood, food-related news outlet FoodOnline reports on June 11.Per the report, this is the first effort to track multiple seafood species jointly pursued by multiple companies. Furthermore, NFI members representing harvesters, importers, processors, cold…

Crypto’s dark underbelly exposed in ransomware attack, U.S. senator says
U.S senators voiced their opinions on the matter of cryptocurrency's use in ransomware attacks. 1157 Total views 3 Total shares United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell U.S. institutions in the past month, and opinions appear to be mixed.The largest fuel pipeline…

MicroStrategy makes good on promise to buy another 17K Bitcoin
MicroStrategy is competing with Grayscale in a Bitcoin acquisition race, according to Barry Silbert. MicroStrategy acquired 16,796 more Bitcoin (BTC) for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin, according to its latest disclosure to the United States Securities and Exchange Commission. This occurred on the same day that its…

Researchers Detect New North Korea-Linked MacOS Malware on Crypto Trading Site
Security researchers have discovered a new cryptocurrency-related macOS malware believed to be the product of North Korean hackers at the Lazarus Group.As tech-focused publication Bleeping Computer reported on Dec. 4, malware researcher Dinesh Devadoss encountered a malicious software on a website called “unioncrypto.vip,” that advertised a “smart cryptocurrency arbitrage trading platform.” The website did not…

86-year-old to pay $14M after admitting to running crypto Ponzi scheme
Prosecutors sought five years probation for crypto schemer David Kagel because of his age and ailing health.

PayPal is shuttering its San Francisco office: Report
A spokesperson reportedly hinted the closure was aimed at the company evaluating its “global office footprint." 444 Total views 18 Total shares Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees.According to a Wednesday report from TechCrunch,…

Asset Management Giant Wants Government Money Market Fund on Stellar
American asset management firm Franklin Templeton Investments has filed a preliminary prospectus with the United States Securities and Exchange Commission (SEC) for a government money market fund with a focus on blockchain-based shares.According to a Sept. 3 SEC filing, Franklin Templeton’s fund will make investments in a range of products such as U.S. government securities,…

How the US and Europe Are Regulating Crypto in 2020
Cryptocurrencies have been around for more than 10 years, but the legal status of Bitcoin (BTC) and most other cryptocurrencies remains unclear and has different definitions in various jurisdictions. Are they money, an asset, a product, property or something else? Should they trade freely or must be tightly regulated? In the absence of a clear…