Day: December 19, 2018

Blog: Access to serious sexual crime victims’ personal information – how much is too much?

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A blog by Deputy Commissioner James Dipple-Johnstone for police, the criminal justice system and victims’ support groups.  There can be few more important areas of our lives where our wider rights and our information rights combine than in the criminal justice arena. The UK Government has recently supported recommendations made by the Justice Select Committee’s inquiry, Disclosure of Evidence in Criminal Cases on the use of personal data in criminal cases. One of these recommendations states there should be ‘clear guidelines on handling sensitive material.’ Victims of serious sexual offence…

Overstock’s Investment Wing Taps Into Digital Tokens to Acquire Shares from Security Startup

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Photo: Medici Ventures INC Medici Ventures, Overstock.com’s investment wing, has acquired digital tokens translating to 3.6 million shares from Chainstone Labs. These shares are a 29.6% stake in the startup worth $3.6 million. That marks the first step of venturing into the security token markets by Chainstone. Furthermore, Medici plans to launch a security token marketplace in January 2019. The tZERO token is set to become the primary traded asset on this platform. The CEO at the Atlantic Financial Blockchain Labs, Bruce Fenton, is also the leader at Chainstone. He…

Overstock’s Investment Wing Uses Digital Tokens to Acquire Shares from Security Startup

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Photo: Medici Ventures INC Medici Ventures, Overstock.com’s investment wing, has acquired digital tokens translating to 3.6 million shares from Chainstone Labs. These shares are a 29.6% stake in the startup worth $3.6 million. That marks the first step of venturing into the security token markets by Chainstone. Furthermore, Medici plans to launch a security token marketplace in January 2019. The tZERO token is set to become the primary traded asset on this platform. The CEO at the Atlantic Financial Blockchain Labs, Bruce Fenton, is also the leader at Chainstone. He…

Researchers Find Thousands of Crypto Pump-and-Dump Groups on Messaging Apps

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There are thousands of pump-and-dump groups on popular messaging apps, a study conducted by the Social Science Research Network (SSRN) revealed Dec. 18. Pump-and-dump is the fraudulent practice of perpetrators encouraging unwitting investors to buy an asset to inflate its price artificially, and then selling it when the price gets high enough. This practice is not new, Cointelegraph having reported last year about Telegram groups organizing pump-and-dumps. The newly published data, however, “suggest that [the pump-and-dump] phenomenon is widespread and often quite profitable.” According to an article on the study,…

Bitcoin News Crypto Currency Daily Roundup December 19

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Here is what is happening in the cryptocurrency market on Wednesday. SEE: Sturgis Bancorp Releases Fiscal Report For Third Quarter 2018 SEE: US Energy Initiatives Now Owns $5.1 Million Sumcoins In the News Cryptocurrency trading platform Coinsquare has launched operations in 25 countries in the European Union. The company now offers European customers access to its full suite of cryptocurrencies and services. This move marks the first international expansion for Coinsquare, which to date has only been available to Canadian customers. Singapore-based Locus Chain Foundation, a developer of a next-generation…

BTC Up 9 Percent, Bulls Aim at $4,500

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Latest Bitcoin News After a damaging fall from Dec 2017 peaks, Bitcoin bulls are well positioned to recover and print above Nov 2018 highs all because of changing sentiments and bullish candlestick formation of the last three days. On the fundamental front, long-term Bitcoin bear and former International Monetary Fund economist, Mark Dow has closed his Bitcoin short trade according to a phone interview with Bloomberg. He had this to say: “I’m done. I don’t want to try to ride this thing to zero. I don’t want to try to…

Japanese Bitcoin Exchange Coincheck that Lost $500M to Receive Full Licensing By End of Year

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Readers may recall the January hack that cost Coincheck over $500 million. The largest theft in cryptocurrency history, the hack saw the exploitation of a vulnerability in the exchange’s security system and culminated in the loss of more than 500 million. New Economy Movement tokens, each worth over $1. As CCN’s Josiah Wilmoth wrote at the time: Notably, though, Tokyo-based Bloomberg reporter Yuji Nakamura said that Coincheck had not yet received an exchange license from Japan’s Financial Services Agency (FSA). The deadline was October, but the FSA had extended a grace…

United Kingdom Releases Tax Advice for Cryptocurrency Investors

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The United Kingdom tax collection service published its first detailed tax legislation for private cryptocurrency holders Dec. 19 following a lengthy consultation period. Its new policy paper, “Cryptoassets for Individuals,” sets out likely tax obligations for private investors who buy, sell, get paid in and even lose cryptocurrency. Capping months of uncertainty among U.K. taxpayers over what they need and need not report to authorities about their holdings, the latest information is officially endorsed by tax collection agency HM Revenue & Customs (HMRC). Specifically, individuals will be liable to pay…

Binance Launches Blockchain-Powered Charitable Campaign in Support of Maltese Youth

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Top crypto exchange Binance’s philanthropic arm, the Binance Charity Foundation (BCF), has opened a new fundraising channel on its blockchain-powered donation platform. The new program is conducted in support of terminally ill patients and disadvantaged children in Malta and Gozo. The news was shared with Cointelegraph in a press release Dec. 19. Dubbed the “2018 L-Istrina Campaign,” the new channel will raise funds in aid of national charity, The Malta Community Chest Fund (MCCFF), which works to improve the lives of Maltese and Gozitan individuals and families affected by sickness,…

Japan: Coincheck to be fully licensed by end of year

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Japan’s Financial Services Agency has decided to approve Coincheck’s cryptocurrency exchange license, Nikkei has learned. An announcement will come by the end of the year, closing a tumultuous chapter in Coicheck’s history that began back in January when 58 billion yen ($511 million) worth of clients’ cryptocurrency holdings was stolen. At the time of the hack, Coincheck was Japan’s largest cryptocurrency exchange. The theft forced Coincheck to halt trading, leaving its clients with no sell option as the market went into a long tailspin.   The FSA judged that the…