BitPay Launches Mass Crypto Payments Platform for Entrepreneurs

Crypto payments provider BitPay has launched a mass payout platform for businesses. With BitPay Send, firms can make mass payments across countries without owning, buying, or managing cryptocurrencies, and their recipients receive payments quicker and at a lower cost. The platform would be available in 225 countries. It can be used to complete payroll payments, […]

Sentry Switches from Ethereum to Hedera Hashgraph

Sentry, an app that has been providing civilians with early warning system against airstrikes during the civil war in Syria, has switched from using Ethereum to Hedera Hashgraph. Hala Systems has stopped usage of Ethereum in favor of the Hedera Consensus Service, having found the former to be insufficiently tamper-proof. Launched in 2016 by Hala […]

Blockchain-based Voting Carries Risks Of Illegal Interference in Elections

Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory has concluded that blockchain-powered voting may increase risk of falsification of elections. The cybersecurity team highlighted that blockchain is “unsuitable for political elections for the foreseeable future” comparing with traditionalmethods of balloting — voting in person and mail-in ballots. Some of the concerns that researchers […]

SEC Seizes $1.26 Billion from Illegal ICOs in 2020

The US Securities and Exchange Commission (SEC) has seized over $4.68 billion in penalties, $1.26 billion of which are from illegally operated ICOs. Most of the ICO penalty is collected from messaging giant Telegram. The Enforcement Division Director Stephanie Avakian told that the SEC received judgments and orders totaling approximately $4.68 billion in penalties or […]

Bitcoin Hits $16K for the First Time Since 2017

Bitcoin price exceeded $16,000 level for the first time in almost three years. The upswing is expected to continue for now. The Bitcoin price has increased by 325% from the lows that it witnessed back in March 2020. The leading cryptocurrency has gained nearly 50% so far this quarter. The upswing move ended a week of […]

Ex-Microsoft Engineer Gets 9 Years in Prison Over $10M Crypto Tax Fraud

A former Microsoft engineer received a nine-year prison sentence for $10 million dollar criminal scheme involving bitcoin and digital gift cards. 26-year-old Ukrainian citizen residing in Washington has been sentenced in the U.S. District Court in Seattle for 18 federal felonies, including six counts of money laundering and two counts of filing false tax returns. […]

Brazil’s Central Bank to Launch a CBDC

Brazil’s Economy Minister Paulo Guedes has confirmed plans of launching a central bank digital currency (CBDC). During a ceremony devoted to opening of the 100 millionth savings account in Caixa Economica Federal, the economy minister revealed that Brazil would have its own digital currency. It is expected the CBDC to be in circulation by the […]

Bitcoin Drops Below $15K After Joe Biden Announced US President-Elect

On Saturday, Democratic candidate Joe Biden announced as the winner of the US presidential election. Bitcoin price dropped following the expected news. At the time of publication the news, BTC trades at USD $15,018.14. It traded between USD 15,250 and USD 15,400 when the news about Biden’s victory started to circulate at around 16:00-17:00 UTC […]

Hackers Extort $11 Million from Japanese Gaming Giant

Japanese gaming giant Capcom discovered a security brench that that resulted in unauthorized access to files and systems. Starting in the early hours of November 2, 2020, several Capcom Group networks struggled to disrupt access to specific systems. Capcom’s risky data includes document files, passports, sales reports, bank statements, contracts, and several strategic information databases. […]

OKEx Denies Rumors About its Founder’s Criminal Detainment

On November 6, OKEx exchange claimed that all the speculations about the executive’s arrest are just rumors. “Claims that a concerned party related to OKEx is under criminal detention have been refuted — we can confirm that these are rumors,” OKEx said. Last month, OKEx suspended all cryptocurrency withdrawals citing that one of the exchange’s […]