IcomTech execs set to pay over $5M for fake Bitcoin trading scheme

Monday, Oct. 22: markets have taken a slight downtrend after trading sideways last week, with 15 of the top 20 digital currencies by market capitalization in the red, and Bitcoin (BTC) trading around $6,400, according to data from CoinMarketCap.Market visualization by Coin360The BTC price has been trading in a narrow corridor from $6,372 to $6,730…

Multinational banking giant HSBC has reportedly become the first bank to complete financing transaction on European blockchain trade platform we.trade.Since we.trade started the project back in 2017, HSBC recently financed a transaction on the platform within a second round of pilots that started in June 2019, economics magazine Global Trade Review (GTR) reported on Aug.…

Bitcoin (BTC) looked set to equal its lowest monthly close since 2020 on Aug. 28 as bulls failed to take control.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOdds stack up for a deeper dive below $20,00Data from Cointelegraph Markets Pro and TradingView showed BTC/USD criss-crossing $20,000 with hours until the weekly candle completed.The pair had been…

Singapore’s state investment firm Temasek Holdings Pte has invested in enterprise blockchain software firm and global banking consortium R3, according to a Bloomberg report Nov. 22.Temasek is a Singapore government-owned investment company, which has reported its Asia-focused portfolio to be worth around S$308 billion ($235 billion) as of spring 2018.Bloomberg today cites an “internal memo,”…

Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis.On April 3, the U.S. Small Business Administration (SBA) launched a Paycheck Protection Program (PPP) as part of the federal government’s $2 trillion coronavirus relief package. The PPP aims to support small businesses…

DeFi enthusiasts know all too well the benefits that decentralization can bring to finance: trustless operations, innovation and greater control for users.  Yet, as with any transformational shift, growing pains are inevitable. Among these, fragmentation, particularly in terms of liquidity, casts a shadow over the DeFi horizon.  At its core, fragmented liquidity — where available

In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense.

Cryptocurrency mining malware is responsible for less of the supply of altcoin Monero (XMR) in circulation than previously thought, new research published Jan. 3 claims.A joint effort by researchers at King’s College London and Carlos III University in Madrid, Spain, the study analyzed huge swathes of malware over a twelve-year period.“In this paper, we conduct…

An investor turns a $151.42 million Ether investment into $214.34 million during a two-year bear market by following the hodl strategy.