The developers of Currency.com, a Gibraltar-registered tokenized securities exchange, have reportedly decided to go public. This, after releasing and testing the beta version of the platform a few months back. Currency.com’s exchange allows users to make investments in various tokenized financial instruments, with payments accepted in major cryptocurrencies including Bitcoin (BTC) and Ether (ETH).
Police Arrest Cryptocurrency Entrepreneur After Allegedly Conducting Fraudulent Activities According to a recent report released by De Gelderlander, Dutch police have arrested a former entrepreneur after allegedly conducting fraudulent activities. As per the news site, the fraudster conned investors in a fake Bitcoin (BTC) mining operations involving €23 million. Police Arrest Individual Accused Of Fraud A Dutch individual called Barry van Mourik, who was working with different cryptocurrency companies, was arrested after allegedly deceiving clients into thinking they could earn money through Bitcoin mining. Van Mourik has also been running another crypto company that was also reportedly scamming users. Although investors were providing funds to the scammer, he failed to purchase any equipment. Indeed, he apparently spent the funds in luxury items. Police raided his home back in November and seized several luxury items. Koinz Trading, the other company, was also declared bankrupt in
Felix Feng Claims ETH Would Not Exist Without Infrastructures Like Truffle, MetaMask, And Infura Felix Feng, the CEO, and co-founder of SetProtocol recently gave insight into why most crypto projects use Ethereum over other smart contract blockchains. These other blockchains include Tron Foundation and Tezos. What Feng Had To Say Feng gave his opinion via a tweet. He said that a common question he received about SetProtocol was whether it would be built on any other chain. In his tweet, he said there were various factors that influenced his decision such as standardized token standard, decentralized exchange infrastructure, oracles, and non-volatile asset. Feng stated that Ethereum would not have gotten to where it was without infrastructures like Truffle, Infura, and MetaMask. He added that the Ethereum blockchain has an ecosystem of tools, which are needed to make smart contracts and make DApp development possible. He also talked about other projects that mimic the Ethereum Virtual
Earlier last week Bitcoin reached an important resistance level of around $8,300 and with many expecting a decisive move to occur, either way
Dutch Investigators Take Man In Custody For Bitcoin Mining Fraud Crypto popularity and adoption rates are increasing almost every day. Since the crypto space is decentralized, fraudsters and scammers see a golden opportunity to make some coin. This is why crypto crimes are slowly prevailing within the sphere. Recently a crypto scam in the Netherlands has been gaining a lot of attention. Netherland is a hub of innovation, and it is not surprising to see a budding crypto community there. The scam caused a damage of over twenty-six million dollars ($26 million). The scammer tricked over a hundred people into investing in fake or spoiler alert non-existent mining equipment. The perpetrator identified as Berry van M pulled off the scams with a classic return on investment trap. He promised the investors of giving them a return on investment of two thousand three hundred dollars ($2,300) worth of crypto each month. The investors realized it was a scam when the mining computers they invested
Now, it seems like Craig Wright will live on the same island with his most avid proponent
When it comes to self-driving technology, there are many potential implications to keep in mind at all times. To date, the number of autonomous vehicle son the public road has remained fairly limited. In the US, there will be a real-world trial by USPS involving self-driving trucks for mail delivery. A remarkable milestone which can …
Chainlink Partners With XY Oracle (XYO) Network Aiming To Improve Cross Chain Connectivity Chainlink partners with XY Oracle (Image from Medium) The announcement by the head of Communications and PR efforts on XY Oracle, Larry Smalheiser, confirms the partnership between XYO and Chainlink. XY Oracle focuses on making the physical world more digital by connecting the internet of things (IoT) based data capabilities on blockchain networks backed by cryptographic technology. Chainlink provides its users with an efficient and secure decentralized oracle for the inputs and outputs used to create smart contracts. The partnership between Chainlink and XYO Network will see the latter provide valuable IOT data to the Oracle ensuring an efficient and secure smart contract development process. The partnership aims to improve the efficiency and sensitivity of cross blockchain connections and shared data across the platforms. The partnership will further provide a secure and reliable platform
Us-Chine Trade War Worsening Causing BTC Price Rise Digital Currency Group CEO and founder Barry Silbert has suggested BTC’s recent rice in prince could be rooted in the worsening trade war between the United States and Chine, Fortune reported on May 20. The cryptocurrency’s CEO pointed out in an interview that the price acceleration happened in conjunction with talks between Washington and Beijing breaking down. Silber has been a long time advocate of cryptocurrency and pointed at recent events being proof that Bitcoin has become a safe haven to store money when there are dramatic events happening on the global economic stage. He also gave other examples of BTC going up in value just as traditional stock markets stumbled, adding: “If you look over the past five years – when Brexit happened, Bitcoin went up. When Grexit happened, Bitcoin went up.” The trade war between the U.S. and China has resulted in an escalating tariff requirement on good’s between the countries, making products
By CCN: The Dow and broader U.S. stock market returned to strength on Tuesday after the Commerce Department temporarily rolled back trade restrictions against Huawei, the Chinese telecommunications giant. But beneath the surface, the U.S.
Senior Russian Official: Terrorist Groups Are Increasingly Using Cryptos Ever since cryptocurrencies started to become more mainstream, a lot of people have claimed that they would be used by terrorists, something that is currently not happening a lot, despite the fact that several groups have at least tried to receive crypto investments. Now, Alexandre Bortnikov, the director of the Russian federal security service (FSB), has affirmed that groups linked to terror activities are starting to be financed via cryptocurrencies, according to the Russian news outlet RBK. According to Bortnikov, the global terrorist organizations are starting to finally master the usage of the technology and they are becoming better at encrypting their communication tools in order to make the transactions and deals more secure. He also affirmed that electronic payment systems will be used a lot in the future, so governments and other organizations simply need to define their priorities in order to face the
FATF Orders Lawmakers To Expand Crypto Terminology On Federal Bill, Holding Up Adoption Of Regulations Adoption of cryptocurrency regulations has been postponed in Russia. FATF requires the terminology be changed to reflect major industry phrases like “Bitcoin” and “cryptocurrency.” The Financial Action Task Force (FATF) is the authority that rules over certain rules of traditional finance and, now, cryptocurrency. Russia has largely been delayed in their adoption of cryptocurrency regulations, though there are some individuals that find these regulations not to be a priority. Now, the hold up on adopting these policies is due to new demands from the FATF, regarding changes that the lawmakers need to implement. According to a report from TASS, the order requires the terminology of the bill to be changed in the crypto regulations. The legislation will need to include major terms used in the industry already, including Bitcoin and cryptocurrencies. The big crypto bill in Russia, titled
A crypto analyst who says Bitcoin is heading to $65,000 by 2021 just issued a new warning that BTC bears may make a strong comeback in the short term. In a new report on Seeking Alpha, the founder of ElliottWaveTrader.net, Avi Gilburt, says more pullbacks are needed in order to confirm the next big bull …
PewDiePie Boosts The Popularity Of The DLive Streaming Service Since PewDiePie joined the DLive blockchain-based live streaming platform, its clientele has increased by a remarkable 67%. PewDiePie is one of the most famous YouTubers in the world. According to Nikkei Asian Review, DLive bow has 70,000 streamers and averages 5 million users per month. Before PewDiePie joined, the platform had 35,000 streamers and a total of 3 million visitors every month. In April, PewDiePie signed an agreement with DLive. The popular YouTuber has 95 million followers on the video-sharing website, and his latest video received 3 million views in less than 24 hours. DLive is a decentralized platform built on top of the Lino blockchain network. The platform rewards both content creators and viewers using Lino pints, the native token of the Lino network. DLive doesn’t take commissions from content creators. The only charges a creator incurs is during the exchange of tokens into fiat currency. Wilson Wei, a
According to a report from the Financial Times, the number of crypto and forex scams had increased three-fold in the past financial year, increasing from 530 to 1,834 in 2018-19. The net loss associated with the frauds summed to $34 million. 81 Percent Scams are Related to Crypto The financial…