Rehan Yousaf | AllStocks Network

French Regulator Grants its First Approval to an ICO

Posted on January 9, 2020January 9, 2020 by Rehan Yousaf

AMF France, authoritie des marches financiers, the French regulator for the financial markets, posted on its official website details regarding the grant of the first initial coin offering (ICO) in the country. The regulatory approval is a new feature introduced recently by lawmakers and regulators. According to AMF France, the new rules will be ensuring digital asset safety while making sure that companies follow the standard procedures for anti-money laundering practices. Due to regulatory restrictions…

Bitcoin Developer: Ethereum to Power 2020’s Most Interesting Crypto Project

Posted on January 5, 2020January 5, 2020 by Rehan Yousaf

Gavin Andersen, a software developer who gained prominence from having worked for the development of Bitcoin, recently stated that for the past two years, the most interesting things for him were built on Ethereum. In a tweet posted by the IT expert on January 1st, Andersen elaborates that he found CryptoKitties, a blockchain game that allows users to purchase and maintain virtual pets, as the most interesting project related to cryptocurrency in the year 2018….

Burger King Venezuela Partners with Dash to Enable Crypto Payment Options

Posted on January 5, 2020January 5, 2020 by Rehan Yousaf

Dash has yet again stroked a major partnership deal in Latin America. This time, it has partnered with Cryptobuyer to install crypto point of sale terminals at Burger King food stores. This new deal will allow the customers of Burger King to pay for their order using digital currency. The Panama-based Cryptobuyer will work to provide a payment solution in crypto that accepts digital currencies like Dash and Bitcoin. This method of instant payment is…

Ryuk Ransomware Attack Paralyzes US Coast Guard System for 30 Hours

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

The U.S. Coast Guard has issued a warning after its monitoring system was compromised by a “Ryuk” ransomware that left the system stunned for 30 hours. It is yet to be ascertained whether the attackers made a demand for any ransom; usually, Ryuk ransomware is followed by a demand for a ransom in crypto. The warning was issued on the marine safety bulletin platform after the attackers had targeted an unnamed facility. An initial investigation…

Europol Official: Monero Remains Anonymous Untraceable Privacy Coin

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

The European Union Agency for Law Enforcement Cooperation, also known as Europol, has confirmed that Monero transactions remain anonymous as the agency is following the development of privacy coins. Jerek Jakubcek, a strategic analyst of Europol’s European Cyber Crime Centre (EC3), shared the details during a Blockchain Alliance webinar that crypto transactions conducted on Monero cannot be traced or recorded. Jakubcek went on by saying that these privacy obstacles have prevented investigators from tracking locations…

Crypto Exchange Poloniex Urges Users to Reset Passwords After Data Leak

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

Poloniex, a digital asset exchange based in the US, has notified its users that they need to reset their passwords for their accounts on the exchange. Poloniex initially sent users individual emails regarding the password and account security reset but after one of the crypto exchange’s customers posted on Twitter a screenshot of the email, claiming that it is a scam, the company tweeted and replied that the email is real. The company requested from…

Judge Grants Crypto Expert Virgil Griffith $1M Bail in North Korea Case

Posted on January 1, 2020January 1, 2020 by Rehan Yousaf

Virgil Griffith, a tech expert who was arrested last month for travelling to a cryptocurrency conference in North Korea and allegedly provided sensitive information regarding the technology to the country, has been granted $1 million bail and is expected to be released shortly from jail. Griffith had initially been denied bail on December 26th and then appealed for a release on bail on December 30th. The appeal proceedings were covered on Twitter by Inner City…

South Korea’s National Tax Service to Take $70M from Crypto Exchange Bithumb

Posted on January 1, 2020January 1, 2020 by Rehan Yousaf

In a shocking turn of events, South Korea’s National Tax Service (NTS) is planning to withhold tax from Bithumb, the largest crypto exchange in the country, on income from foreign clients. This is the first time that the NTS has moved to withhold tax on income obtained from cryptocurrency transactions. There exists no law in the country that dictates taxation for income gained from digital currency trading, although there had been reports it is in…

First China-Based Blockchain ETF Awaits Regulatory Approval

Posted on December 31, 2019December 31, 2019 by Rehan Yousaf

Penghua Fund, an asset management firm based in the Guangdong province of China, has filed an application to list a blockchain-centered exchange traded fund (ETF) in China. Shanghai Securities News reported that if the application is approved, which is currently under review by China Securities Regulatory Commission, this would mark the exchange traded fund as the first one of its kind in the country that is solely focused on blockchain. The application by Pengua Fund,…

Former French IT Company’s Executive Accused of Stealing $1.2M in Bitcoin

Posted on December 31, 2019December 31, 2019 by Rehan Yousaf

The co-founder of an IT company in France has recently been accused of stealing Bitcoin worth 1.1 million euros. The company, which started in 2013, had a conflict between leadership executives that resulted in a decision to oust the company’s chief executive. Although the exec-turned-businessman continued to seek a new position outside of France, he allegedly started formulating plans to take revenge on the IT company and turned into a hacker. Investigators involved in the…

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