April 8, 2020

ETH 2.0 Development Firm CasperLabs to Work on Its Own Blockchain

April 8, 2020 boss

CasperLabs, the firm tasked with developing Ethereum’s implementation of Proof-of-Stake (PoS), has decided to launch its own blockchain. According to a recent announcement, CasperLabs plans to launch its own PoS blockchain in collaboration with Singapore-based crypto exchange BitMax. BitMax will host CasperLabs’ Exchange Validator Offering (EVO) and allow retail investors to get hold of the network’s CLX tokens. The exchange will also operate a full node of the network at its launch to facilitate staking for retail sale participants. The sale mechanics According to the offering’s website, the founding target…

ICO statement on investigating coronavirus scams

April 8, 2020 boss

We are supporting businesses eager to stay in touch with customers during the Covid-19 pandemic. The ICO can help businesses use people’s personal data responsibly when trying to reach new and existing customers. We provide tools and clear guidance to ensure companies can reach out to their customers in a way that maintains customer trust and meets data protection standards. But we’re also aware of a growing number of organisations using the public health emergency opportunistically to set up scams and contact vulnerable people using nuisance calls, unsolicited emails, and…

US Court Postpones Sentencing for OneCoin Crypto Scam Co-Founder

April 8, 2020 boss

Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a further three months at the request of the United States government. On April 7, the New York Southern District Court approved a motion to adjourn the sentencing control date for Konstantin Ignatov, brother and accomplice of OneCoin co-founder and current fugitive Ruja Ignatova, a.k.a the “Cryptoqueen.” Originally set for April 8, Ignatov’s sentencing date will now take place on July 8, 2020. Ignatov’s cooperation as a witness As reported, OneCoin is among the industry’s most…

SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal

April 8, 2020 boss

California-based and crypto-friendly financial firm Social Finance — SoFi — is acquiring the digital payment platform Galileo. In an April 7 press release, SoFi announced that it has signed an agreement to pay $1.2 billion for Galileo Financial Technologies. According to a CNBC report, the payment will consist of $75 million in cash, $875 million in stock, and $250 million in seller financing debt. SoFi CEO Anthony Noto addressed how the partnership will help in the current financial market: “Together with Galileo, we will partner to build on our companies’…

Blockchain Traceability Overtakes Payments Among Major Corporations

April 8, 2020 boss

Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. The now annual Blockchain 50 list was published in late February and includes fifty of the biggest brands in the world who are using blockchain, each with annual revenue in excess of $1 billion in annual revenue. Research from Dutch firm Blockdata, which incorporated its own data in the analysis, found that fifteen have solutions that tackle traceability and provenance, while 13…

Cooking Mama Developer Denies Rumours it Mines Crypto

April 8, 2020 boss

Developer 1st Playable has denied rumors one of their games was used to hijack Nintendo’s Switch console to mine Bitcoin and other cryptocurrencies. While the recent Nintendo release, Cooking Mama: Cookstar, is connected to blockchain technology — it’s not in the way some players have speculated. Addressing the rumors on Twitter, 1st Playable said there was absolutely nothing “shady in the code”: As the developers we can say with certainty there is no cryptocurrency or data collection or blockchain or anything else shady in the code. The Nintendo Switch is…