Jerry Ji Guo was sentenced to six months in jail for defrauding investors of over $20 million in a fraudulent initial coin offering scheme, according to a press release from the U.S. Department of Justice. Guo presented himself to potential investors as an initial coin...
Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin, a cryptocurrency supported by the Stellar blockchain, Platformer reported. MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report. Signal...
Russia’s Ministry of Labor has banned federal and local governmental officials — and their spouses and underage children — from holding digital currencies, CoinDesk reported. The announcement, first published on the Ministry’s website in December, is reportedly a move to fight corruption, according CoinDesk, citing...
Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. In 2019, criminal activity constituted 2.1 percent of all crypto transaction volume, which came out to $21.4 billion in transfers. But that number dropped to 0.34 percent, or $10 billion, by 2020, the...
Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according...
BitPay, which is the world’s largest bitcoin and cryptocurrency payment provider, has debuted WalletConnect, which will allow access to the decentralized finance (DeFi) space, according to a press release. WalletConnect will be integrated into the BitPay Wallet app. WalletConnect is an open-source protocol for connecting...
Trezor, a cryptocurrency wallet hardware provider, warned users Monday (Jan. 18) of a “malicious” fake Trezor app on the Google Play store, Cointelegraph reported. According to Cointelegraph, the fraudulent app is still available for installation and had been downloaded over 1,000 times. In other news,...
After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. “Our service has been damaged hard in technical and financial way,” the exchange said in the note....
Cardano founder Charles Hoskinson says there could be a surge in DeFi usage in Africa, a report from CoinTelgraph says. Hoskinson said he thought around 100 million users would join the Decentralized Finance sector within the next three years. “Who’s actually going to do peer-to-peer...