Charges Dropped: Charlie Shrem Goes Unscathed from the Winklevoss Twins Lawsuit

Charges Dropped: Charlie Shrem Goes Unscathed from the Winklevoss Twins Lawsuit

Charlie Shrem, whom the Winklevoss twins described as their mentor when they were just starting out with cryptocurrency, was sued for fraud last year by Tyler and Cameroon Winklevoss. According to them, Shrem defrauded them of 5,000 Bitcoins in a deal they entered in 2012. The twins explained that they learned about Bitcoin from their supposed mentor, Shrem. So, when they decided to try it out, they entrusted a huge sum to him. The money…

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After a Rough Year ConsenSys Seeks Raising Capital from Outside Investors

After a Rough Year ConsenSys Seeks Raising Capital from Outside Investors

News making rounds suggest that ConsenSys, one of the world-leading blockchain software technology companies and the a prominent member of the Ethereum world, may be struggling to get back on its feet after a difficult ride in 2018. This indication was fueled by recent moves of the company. First, the company laid off up to 13% of their workforce in December. This is a significant drop from the 1,200 employees that worked in the firm….

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IBM Partners with Nestle and Carrefour to Promote Blockchain Food Transparency with Mousline

IBM Partners with Nestle and Carrefour to Promote Blockchain Food Transparency with Mousline

Taking blockchain to the food sector has not gained so much traction lately, at least not in comparison to other sectors and industries. The idea, which started with IBM, is yet in its infancy compared to how much has been done through Blockchain in the financial sector. Notwithstanding, some innovative ideas have been explored in the past and signs show that there are many more in the pipeline. A few days back, blockchain in the…

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Samsung SDS Announces a Collaboration with Indian IT Giant Mahindra to Employ Blockchain

Samsung SDS Announces a Collaboration with Indian IT Giant Mahindra to Employ Blockchain

An indispensable advantage that blockchain technology brought with it is its propensity to unite several firms together for a common good. Since blockchain came around as a new innovative tech, hundreds of companies and partners including investors and industry players have collaborated to employ its functionalities and push forward its growth and acceptance. In one way or the other, each of these partnerships has been useful to members of the crypto space. That is without…

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Venture Capitalist Billionaire Tim Draper Is Interested in Facebook’s Cryptocurrency Project

Venture Capitalist Billionaire Tim Draper Is Interested in Facebook’s Cryptocurrency Project

A new major player might soon join Facebook’s grandiose cryptocurrency stablecoin endeavor: American venture capital investor and billionaire Tim Draper. The news of Facebook working to create its own cryptocurrency made rounds towards the end of 2018. Although the news still has it that the plan is still ambiguous, crypto enthusiasts have had their hopes high. It would be amazing for one of the biggest social media platforms in the world to support the transfer…

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Blockchain Analysis Company Chainalysis Advises Against Some FATF Recommendations

Blockchain Analysis Company Chainalysis Advises Against Some FATF Recommendations

In a bid to block off crypto-related loopholes and address other regulatory issues, the Financial Action Task Force (FATF) proposed some recommendations for virtual assets services providers (VASPs) as well as crypto consumers. The FATF is an international organization that has been acknowledged by members of the G20 as the authority to determine proper cryptocurrency regulations. In its draft recommendations on national anti-money laundering and know your customer (KYC) procedures, the FATF recommended that crypto…

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Coinbase Set to Launch the First Crypto Visa Debit Card, Coinbase Card

Coinbase Set to Launch the First Crypto Visa Debit Card, Coinbase Card

The plan to make the crypto world more like the traditional financial market may not be a dream for only the delusional anymore. Each day paves way to breathtaking innovative ideas that make it more of a reality than a delusion. While there are several grounds to cover before bringing this dream to fruition, it is worthy to note that the crypto space keeps growing by leaps and bounds as days roll by. Today, the…

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TrustToken Publishes Third-Party Attestation of TrueUSD’s Dollar Backing

TrustToken Publishes Third-Party Attestation of TrueUSD’s Dollar Backing

The crypto verse has been called out severely for its shortcomings. While that is very much called for, crypto exchanges are constantly looking for ways to give their clients what they actually want – security, standardized regulation, transparency, and ease of operation. As more and more exchanges venture into the crypto sphere, so does the need to stand out from the crowd increases. In a bid to maintain an utmost transparency, TrustToken, the parent body…

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South Korean Lawmakers Ask the Government to Go Easy on Blockchain-Based Firms

South Korean Lawmakers Ask the Government to Go Easy on Blockchain-Based Firms

When it comes to regulation of blockchain and crypto-related ventures, governments tend to be bearish due to the heavy-weight duty of protecting investors and maintaining a crime-free environment in which they could conduct business safely. However, every country or state wants to grow and secure a seat in the table of the world-leading countries; in this age and time, technology is part of the secret recipe in achieving this goal. Therefore, more and more countries…

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Crypto Battle: Ethereum’s Buterin vs. Professor Roubini in Seoul

Crypto Battle: Ethereum’s Buterin vs. Professor Roubini in Seoul

The line between crypto enthusiasts and critics has always been conspicuously clear with both adversaries at the very ends of the line. Crypto enthusiasts, like the optimists, always believe in the growth and sustainability of the crypto ecosystem; while crypto critics are, most often, on the bearish end of the spectrum. We have had our fair share of face-offs between both parties over the years with more critics springing up theories and analysis to back…

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