Wikipedia Has ‘Zero Interest’ in an ICO, Says Jimmy Wales
Wikipedia founder Jimmy Wales has said the not-for-profit online encyclopedia platform will “never” hold an ICO or issue its own cryptocurrency.
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Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
Japan's government approved a bill that allows venture capital firms and investment funds to hold crypto assets.If passed by parliament, the bill could boost investment in Web3 startups.Japan's cabinet approved a bill that adds crypto to the list of assets the nation's investment funds and venture capital firms can acquire, the Ministry of Economy, Trade

Cryptopia Exchange Kept Users’ Cryptos in Pooled Wallet: Liquidator
news The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover…

Hedera’s HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
BlackRock was not directly involved with the launch of a tokenized money market fund on Hedera.HBAR funding rates are negative as traders look to short the recent spike.Liquidity remains thin relative to volume, indicating a volatile trading period ahead.Hedera’s native HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that

U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion
U.S. authorities have identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang, and are offering a $10 million reward for information that leads to his arrest.In a sprawling 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted and oversaw the LockBit software, recruiting “affiliates” on cybercriminal

Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release
Oct 19, 2020 at 01:25 UTCUpdated Oct 19, 2020 at 01:26 UTCJuan Benet, Filecoin founder (Credit: CoinDesk archives)Filecoin, a decentralized storage network launched by Protocol Labs, is off to a rocky start after a strike by miners just one day after its highly anticipated miannet launch on Oct. 15. Five of its largest miners turned off…

SEC Enforcement Director: ‘We’re Not Concerned With the Labels’ in Crypto Cases
"Regulation by enforcement" is "a catchy but tired refrain that's used effectively by crypto market participants and lobbyists," said the head of the U.S. Securities and Exchange Commission's Enforcement Division Friday.The SEC has been enforcing existing rules and regulations, said Gurbir Grewal to an audience of academics and lawyers during a panel co-hosted by the…

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
Digital Currency Group (DCG) has reached an in-principle deal with Genesis creditors to resolve the claims brought up in Genesis' bankruptcy, according to a court filing on Tuesday.The plan could result in the recoveries of 70%- 90% in USD equivalent for unsecured creditors and 65%- 90% recovery on an in-kind basis depending on the denomination…

Why Bison Trails Is Staying the Course on Libra
Feb 16, 2020 at 17:00 UTCBison Trails' Viktor Bunin speaks with CoinDesk's John Biggs at ETHDenver. (Image via CoinDesk video)Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed "up and to the right,"…