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New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme

New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme

A New York man has been charged in US federal court with defrauding investors out of millions of dollars in crypto assets that he used on offshore gambling sites. A criminal complaint was filed on July 9, and the US Attorney’s Office charged Douglas Jae Woo Kim, 27 years old, with wire fraud in which he allegedly conned three investors out of over $4.5 million of Ethereum and Bitcoin.

China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain

China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain

China has laid plans to use a new automated system powered by blockchain and other technologies to propel surveillance of its judges and police officers.

Majority of China's Tech Startups Are Exploring Blockchain Technology, Report Reveals

Majority of China's Tech Startups Are Exploring Blockchain Technology, Report Reveals

South China Morning Post's Report shows Chinese firms are growing in the adoption and integration of blockchain technology

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers

A former employee of an Australian federal agency avoided prison despite mining cryptocurrency on government supercomputers.

May 18: Are leverage traders waking up from their bad dream on March 12?

May 18: Are leverage traders waking up from their bad dream on March 12?

A sea of green across crypto on Monday Asia morning with BTC recovering close to $10k again from its low on Friday at $9,150. This broad based rally includes some overshoots such as ETH, BSV and BCH all up 6% or more in the last 24 hours. Interesting headline over the weekend that could inflict some short-term pain: another mega $1bn crypto ponzi WoToken has been taken down by the Chinese police.

Bitcoin Price Plummets After Bitmex Starts BTC Double Spend Rumor, Grayscale Buys the Dip

Bitcoin Price Plummets After Bitmex Starts BTC Double Spend Rumor, Grayscale Buys the Dip

BitMex Research incorrectly identified a double spend of around $21 in Bitcoin. The BTC price fell to a low of $28,953.37 and Grayscale Investment bought up $1.2 billion worth.

JPMorgan CEO Jamie Dimon Loves Blockchain but says Bitcoin Still Not His "Cup of Tea"

JPMorgan CEO Jamie Dimon Loves Blockchain but says Bitcoin Still Not His "Cup of Tea"

While JPMorgan CEO Jamie Dimon has expressed his thoughts on the critical value of blockchain technology, he is still not interested in Bitcoin as a hedge investment.

Uniswap Anticipates Voting Outcome on Second Governance Proposal of a 5 million UNI Airdrop

Uniswap Anticipates Voting Outcome on Second Governance Proposal of a 5 million UNI Airdrop

The Uniswap community is currently voting on its second governance proposal for distributing 5 million UNI governance tokens to the DEX's users.

Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Ant Financial, an affiliate of Alibaba the e-commerce giant is making efforts to increase the scope and accelerate its charity project which happens to be a blockchain initiative.

IBM and KAYA&KATO Leverage Blockchain to Trace Fabric Origins

IBM and KAYA&KATO Leverage Blockchain to Trace Fabric Origins

Tech giant IBM has teamed up with KAYA&KATO, a textile manufacturer of workwear and uniforms, in developing a blockchain network aimed at revamping the fashion industry.

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

Mcdonalds has been named along with coffee giant Starbucks as one of the 19 restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An.

Cardano’s Allegra Hard Fork Scheduled for Next Week, Node Release 1.24.2 Successfully Deployed

Cardano’s Allegra Hard Fork Scheduled for Next Week, Node Release 1.24.2 Successfully Deployed

The next Cardano protocol update, which includes the hard fork combinator (HFC) event Allegra, will take place on Dec. 16.

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