After years of chasing the founder of the largest Ponzi scheme in the crypto world, Ruja Ignatova, her brother, Konstantin Ignatov finally pleaded guilty for committing fraud and money laundering. Not only did he admit these crimes, but he also accused the founder of a racehorse fund of stealing $110 million from the Ponzi scheme.…
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Institutional spot crypto currency exchange LMAX Digital has started publishing its daily trading spot volumes on its official website, www.lmaxdigital.com. The company’s move to start publishing its volumes aims to add greater transparency around real spot volumes traded daily in the industry. Jenna Wright, Head of LMAX Digital, commented: We believe that placing LMAX Digital…
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The European Commission and European Investment Fund (EIF) has launched a new investment program for the benefit of developments in Artificial Intelligence (AI) and Blockchain technology. The initial scope of the fund will be €400 million, but it could grow to €2 billion over time. The new initiative is seen as a stopgap measure to…
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Have you ever questioned where your food came from, especially when dining on supposedly fresh seafood? Today’s food consumer is quickly becoming more conscious of the quality of ingested food, as information floods the market of contaminated sources and production methods. As more and more companies are discovering, blockchain technology offers a far better solution…
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As we have reported on several previous occasions, the regulatory establishment and government officials want to dismantle the anonymity privileges that various blockchains provide for crooks, money launderers, and those intent on funding terrorist operations. The “noose”, orchestrated by this group, is slowly tightening around the neck of the crypto community. The previous G20 meeting…
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Steve Mnuchin is determined to become the proverbial “fly” in the crypto “ointment”. The head of the U.S. Treasury made it clear last July, when Facebook’s Libra project was taking a beating in Congress, that he is no fan or friend of cryptocurrencies. Whether it is his personal opinion or just agreeing with President Trump’s…
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While a long list of counties across the globe are doing their best to attract blockchain development expertise to their domestic financial “hubs”, Bahrain, a nation comprising more than 30 islands in the Arabian Gulf, has been silently making appropriate moves in the background to pave the way for the ongoing growth of its financial…
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Bitcoin is getting new traction in South American countries. While the price fluctuations of the currency are still valid and the market is extremely volatile, there is no denial that the "people's currency" is "rain making" in South America. According to recent press releases, adoption of Bitcoin in South America has increased significantly in the…
Read moreThe SEC has just filed an emergency action against a $6 million Ponzi scheme that targets seniors and small business owners. The SEC has obtained a temporary restraining order and freeze of asset filing against Neil Burkholz of Boca Raton, and Frank Bianco of Pembroke Pines, Florida. The two individuals targeted and defrauded at least 55…
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The current crypto trading environment is often compared to the “Wild, Wild West” conditions of the retail forex industry in the nineties. Regulatory oversight was nowhere to be seen, and fraud ran rampant, especially when dealing with overseas forex brokers. In the crypto-verse, however, unregulated exchanges have lost billions of dollars to professional hacking groups,…
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