Day: April 1, 2019

Canadian Police Freezes Assets of FUEL Token Issuers due to Alleged $22 Million Fraud

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Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). The development was reported in a court document released on March 14. According to the document, Vanbex founders Kevin Hobbs and Lisa Cheng claimed to the public that they operated a Vancouver-based cryptocurrency firm, starting from 2017. The firm, which was interchangeably called Vanbex and Etherparty, is actually a shell company that developed no useable products, the court document argues. The police have now frozen…

Broken Phone? Don’t Sweat It — Restore a Bitcoin Wallet in Minutes

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With bitcoin ownership, it’s very important to back up your mnemonic seed phrase in order to restore your funds in case of an emergency. For instance, a device holding a wallet can be broken, get lost or stolen and the backup is the only way to retrieve the funds after these mishaps. The following is an explainer on how to restore a bitcoin mobile phone wallet onto a fresh device using a mnemonic seed phrase. Also read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty Backing Up Private Keys Using…

Broken Phone? Don’t Sweat It — Restore a Bitcoin Wallet in Minutes

boss

With bitcoin ownership, it’s very important to back up your mnemonic seed phrase in order to restore your funds in case of an emergency. For instance, a device holding a wallet can be broken, get lost or stolen and the backup is the only way to retrieve the funds after these mishaps. The following is an explainer on how to restore a bitcoin mobile phone wallet onto a fresh device using a mnemonic seed phrase. Also read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty Backing Up Private Keys Using…

Statement on Mark Zuckerberg opinion piece

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In an opinion piece published on Saturday 30 March in The Washington Post, Facebook chief executive Mark Zuckerberg called for more regulation of the internet. He said there are four areas where more oversight is necessary: harmful content, election integrity, privacy and data portability. Information Commissioner Elizabeth Denham said today: “In light of Mark Zuckerberg’s statements over the weekend about the need for increased regulation across four areas, including privacy, I expect Facebook to review their current appeal against the ICO’s £500,000 fine – the maximum available under the old…

East Japan Railway Co. To Allow Ticket Payment In Cryptocurrency via Suica Smart Card

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East Japan Railway Company or JR East, Japan’s largest railway company, plans to start accepting payments in cryptocurrency through its Suica smart cards, according to a report by Japanese media house ANN News. For the project, JR East has partnered with Japanese cryptocurrency exchange DeCurret, which was approved recently by the Japanese Financial Services Agency. The railway company will also partner with Internet Initiative Japan or IIJ. DeCurret unveiled a new cryptocurrency payment system during a business presentation that would enable crypto payments through JR East’s Suica smart cards. Suica smart…

Crypto Markets Continue Rising While Bitcoin’s Dominance Continues to Drop

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Monday, April 1 — crypto markets have continued to rise, with Bitcoin (BTC) seeing stable growth over the day, according to data from CoinMarketCap. Out of top 20 cryptos by market cap, only two coins are in the red at press time. Over the past 24 hours, Tezos (XTZ) is down about 5.7 percent, while Cardano (ADA) dropped around 0.9 percent. Market visualization from Coin360 The biggest cryptocurrency, Bitcoin, is up 1.4 percent over the day, trading at $4,160 at press time. Over the past 7 days, Bitcoin is up…

Coincheck Launches OTC Crypto Trading for Institutions

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Japanese cryptocurrency exchange Coincheck has launched an over-the-counter (OTC) cryptocurrency trading service aimed at institutional clients, the firm said Monday. While the service seem primarily to serve bitcoin trades, Coincheck said it will consider trades in other cryptocurrencies. Coincheck said its OTC trading desk will allow customers to buy and sell a minimum of 50 bitcoins ($205,423 at press time) “quickly” at one go and at “attractive prices.” The service is available on weekdays between 10 a.m. (13 UTC) and 3 p.m. (18 UTC) Japan time. In an OTC trading service, two…

Here are March’s Best and Worst Crypto Performers

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March has been a positive month for the cryptocurrency market on the whole. The 31-day period saw the cryptocurrencies’ combined market capitalization dropping to as low as $125.09 billion, and rising to as high as $146.39 billion. A majority of the crypto-assets performed exceptionally well while a handful of them lost significant value. Below are the best and the worst crypto performers, measured by their market performance, spanning from March 1, 00:00 UTC, to March 31, 23:59 UTC, and as well as their volume distribution, liquidity, and market fundamentals. Best…

Tron Supports Gambling DApps Restrictions in Japanese Market to Comply With Regulations

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Blockchain-based decentralized application (DApp) platform Tron pushed to remove gambling DApps in the Japanese market to comply with local regulations, according to a press release published on March 31. Per the statement, the company intends to adhere to local laws and regulations in the countries it works in. Therefore, the firm has decided to support gambling restrictions for Japan-based users through a series of recommendations for developers, as gambling is generally prohibited by the Japanese criminal code. In order to remove gamblings DApps from the Japanese market, Tron suggests that…