Chinese School Officials Caught Mining Ethereum On School Property

Twitter Facebook LinkedIn Local Chinese news outlet HK01 reports that teachers at Puman Middle School in Chenzhou, Hunan Province have been caught mining Ethereum on school property. The operation went on for the last several months and did not go entirely unnoticed – people had complained that the computers in the school were making an awful lot of noise. Source: HK01.com The mining operation apparently even bogged down the school network, making it hard for teachers to do their jobs. Eventually the teachers sought answers and uncovered the mining rigs…

Indian Officials Consider Ban on “Private Cryptocurrencies”

Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.” The council seemed deeply concerned about “the need for identifying and securing critical information infrastructure,” under the guise of “strengthening security in the financial sector.” To this end, the report mentioned a deliberation “on the issues and…

CFTC Charges Two Defendants for Defrauding Investors and Impersonation of CFTC Officials

The U.S. Commodity Futures Trading Commission (CFTC) has filed a suit against two defendants for the allegedly fraudulent solicitation of Bitcoin (BTC), according to an official press release published on Friday, September 28. The CFTC’s complaint — filed in the U.S. District Court for the Northern District of Texas — charges the two defendants with running two fraudulent businesses and misleading the public to invest in leveraged or margined foreign currency contracts, such as forex, binary options, and diamonds. The first defendant, who goes by the name Morgan Hunt, is…

Local Officials in Ohio Seek Proposals for Blockchain Identity Trial

The city of Dublin, Ohio, has been quietly pursuing a blockchain experiment focused on personal identity. Dublin, a suburb of Ohio’s state capital, Columbus, revealed its work through a request for proposal (RFP) document published last month. With the trial, Dublin becomes the latest municipal government to explore possible public-sector applications of the technology. The city announced its intention to test blockchain by developing a database that allows local officials to create a secure, private system which will collect and store personal information and preferences, as well as create an internal “token of…

Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold…

India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs

The Securities and Exchange Board of India (SEBI) organized tours to other countries for its officials to study cryptocurrencies and initial coin offerings (ICO), according to its 2017-18 annual report. The Indian regulator reports that authorities have already undertaken “study tours” in particular to study cryptocurrency and ICOs at Japan’s Financial Services Agency (FSA), the U.K. Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA). The overseas study trips reportedly took place to help officials “engage with the international regulators and gain deeper understanding of the systems…

U.S. Border Officials to Use Blockchain to Certify Imports Certificates

The U.S. Customs and Border Protection (CBP) has plans to use the blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates According to American Shipper, the new trial will see the agency begin “live fire testing” a blockchain platform to certify imported goods originate from the country of export and to verify suppliers are “compliant along with their U.S importers.” CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency is running the pilot, ahead of a September…

US DoJ Charges 12 Russian Officials With Cryptocurrency-Funded Elections ‘Interference’

The U.S. Department of Justice (DoJ) released an indictment on July 13 charging twelve Russian nationals with committing federal crimes — funded by cryptocurrencies — with the aim of “interfering” in the 2016 U.S. presidential elections. According to the DoJ’s announcement, Russian officials from two units of the Russian government’s Main Intelligence Directorate (GRU) used cryptocurrencies like Bitcoin (BTC) — which they allegedly mined and obtained by “other means” — to fuel efforts to hack into computer networks associated with the Democratic Party, Hillary Clinton’s presidential campaign, and U.S. elections-related state boards…