The Chinese authorities dismantled a significant crypto-related scam in Wenzhou. The scheme amassed over 100 million yuan ($14.31 million), which was seized along with a number of luxury cars and villas. According to Toutiao, the gang has been operating since 2019 and primarily sought out victims through Telegram chat groups, including one called “Huobi Global
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Centre, the company that issues the stablecoin USD Coin (USDC) has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request. In the first of its kind, the address had a “blacklist(address investor)” function called on June 16, 2020. It’s not yet clear the reason behind the law enforcement request,
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BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser.  According to the announcement, BitFlyer and Brave will develop “a crypto asset wallet for Brave browser users”.  No further details about the new crypto wallet have been made available. Japanese users of Brave browser
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HOW ARE WE, a performance art collaboration consisting of 15 short works filmed in COVID-19 quarantine, has been hashed and minted into a non-fungible token on the Ethereum blockchain. Additionally, a mechanism has been put in place to reward the project’s contributors whenever the asset is sold. Artists benefit from potentially appreciating assets A legally
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The price of Cardano (ADA) increased from $0.074 to $0.137, by more than 85% in less than two weeks. It surpassed Bitcoin SV (BSV) to become the sixth-largest cryptocurrency by market capitalization. Cardano surpasses Bitcoin SV in market capitalization. Source: CoinMarketCap.com Three factors likely caused the intense rally of ADA in recent weeks. The potential
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Cardano founder Charles Hoskinson recently said that he would not mind working with Litecoin founder, Charlie Lee, to test cross chain communication. “It would be great to do something together,” Hoskinson said in a July 7 tweet to Lee.  Both men founded industry giants Hoskinson founded Cardano (ADA), which, at press time, sits seventh on the
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The U.S. Secret Service issued a warning about an increase in hacks targeting managed service providers, or MSPs, of both the U.S. private sector and various government entities. According to a document published by ZDNet on June 7, threat actors have been widely relying on ransomware attacks, point-of-sale intrusions, and business email compromise scams to
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Speaking on a Unitize digital conference panel, Peter Dittus, chief economist for SFB Technologies, said he does see a place for privately-issued stablecoins.  “I don’t see a great future,” Dittus said of stablecoins on the June 7 panel, live streamed by Cointelegraph.  Two stablecoin classifications exist Stablecoins exist in two categories — privately issued and
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