Category: Blockchain

Forsage Founders Indicted for Alleged $340 Million “Global Ponzi” Scheme on Ethereum Blockchain

A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as Forsage, which is said to have generated $340 million. According to a statement released by the Department of Justice (DOJ) on February 22, the four Russian founders, Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov, have been formally accused of having key roles in the scheme that raised approximately $340 million from victim-investors. This information comes from the…

The Development of Blockchain Chips

The use of blockchain technology is on the increase, and the majority of businesses are investigating the technology in some form. As blockchain technology grows more widespread, users of all stripes will want access to the possibilities offered by this platform in the most effective manner possible. The development of blockchain chips as energy-efficient accelerators is one of the measures that have been taken as a result of this. Chain Reaction, a blockchain chip business located in Tel Aviv, said on February 23 that it has funded $70 million in…

Blockchain Association Rejects Court’s Securities Ruling on Private Blockchains

Following the decision of a federal judge to allow a lawsuit against Dapper Labs’ NBA Top Shot nonfungible tokens (NFTs) to go forward, the chief legal officer of the Blockchain Association stated that “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities. This statement was made in response to the judge’s decision to allow the lawsuit to go forward. U.S. attorney Jake Chervinsky issued a statement after a federal court refused a move to dismiss a 2021 lawsuit claiming Dapper…

An overview of peer-to-peer ridesharing using blockchain

Ridesharing applications like Arcade City, DAV Network, Ridecoin, and Jolocom are a few examples of platforms using peer-to-peer ridesharing technology. They demonstrate the potential of blockchain technology to revolutionize the ridesharing industry and create a more efficient, transparent and secure platform for riders and drivers. Arcade City Arcade City is a decentralized ridesharing platform that uses blockchain technology to connect riders and drivers. The platform enables payments between passengers and drivers via smart contracts and offers post-ride customer ratings. DAV Network Using this blockchain-based platform, anyone may create and manage…

How to hire a blockchain developer in 5 easy steps

It might be difficult to find a blockchain developer, particularly if one is unfamiliar with the technology and its range of uses. Employing knowledgeable developers who can assist organizations in creating and deploying blockchain-based solutions that match their objectives is becoming more and more crucial due to the growing demand for blockchain solutions across industries. In this article, we will outline five easy steps to hire a blockchain developer. Step 1: Understand your business needs Understanding a company’s needs and the kind of blockchain solution it wants to construct is crucial…

Ukraine-based blockchain firm reports company ‘stronger’ one year into war

Sergey Vasylchuk, the chief executive officer of staking provider Everstake, said the company is continuing to move forward despite the continuing military conflict between Ukraine and Russia. Exactly one year ago today — Feb. 24, 2022 — Russian military forces invaded many areas of Ukraine in what has become one of the biggest conflicts in modern Europe since World War II. In the last twelve months, more than 8,000 civilians have died, many Ukrainian cities have been shelled with at least one almost leveled, and the country continues to be…

Global Crypto Regulation Progresses Whilst US Remain Stringent – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin consolidates around $24,000, there have been progressive advancements with crypto regulation globally. Firstly, global payments giant Ingenico, who has 40 million terminals in 37 countries, now accepts crypto payments in France as it integrates a digital asset platform. Furthermore, private Bitcoin wallets will not be banned by the EU’s new anti-money laundering bill, so people will be allowed to legally participate in self-custody in the EU – a big win for crypto enthusiasts and digital asset platforms…

VC blockchain and crypto funding drops off in Q4 2022: Report

2022 will go down as a tough year for the cryptocurrency space and bleak market conditions were mirrored by a downtrend of venture capital funding flowing into blockchain and crypto activities. A report from Blockdata highlights consecutive drops in funding through all four quarters of 2022, following booming venture capital funding into the wider Web3 space through 2021. Analyzing data from CB Insights, Blockdata rounded off 2022’s final quarter of venture capital funding value noting a 34% decline from Q3 2022. The last quarter of the year was down drastically…

This Israeli Firm Secures $70M In Funding For Blockchain Chips

There’s been a spike in the global adoption of blockchain technology, so several companies and organizations are now exploring the potential of the technology through many approaches. Hence, there’s a sudden growth in the systems, projects, and processes of blockchain and its applications. One of the newest exploits on the blockchain is from an Israeli startup, Chain Reaction. The firm is set to develop blockchain chips through a $70 million fund. Morgan Creek Digital led the just-completed fundraising round. Other participants include KCK Capital, Jerusalem Venture Partners, Hanaco Ventures, Blue…

Blockchain DEXs Onchain and Camelot part ways over IFO spat

In a dispute that originated Feb. 22, decentralized exchanges (DEXs) Onchain Trade and Camelot terminated an agreement for the former’s initial fair offering (IFO), with both firms alleging that the opposing counterparty acted in bad faith. An IFO, whilst still an emerging concept, typically involves promises made by developers consisting of no venture capitalist involvement, no whitelist, no presale, and vast majority of income going to token holders, on top of a traditional initial coin offering.  As told by Onchain, developers began negotiations with Camelot for an IFO, for which…