New Jersey’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property...
Authorities in Australia have charged five individuals in connection with a digital currency investment scheme, which reportedly bilked victims out of $2.7 million, TheNextWeb reported. Victims were given an opportunity to invest in a business that had a website, sales staff and a call center...
A California judge ruled that cryptocurrency exchange Coinbase has to deal with a negligence lawsuit from people who purchased bitcoin cash (BCH) following a listing that was allegedly fumbled on the exchange during the 2017 bull market, Coindesk reported on Wednesday (Aug. 7). U.S. District...
The British tax authority wants cryptocurrency exchanges to share customer names and transaction data in order to track down unpaid taxes. According to CoinDesk, HM Revenue & Customs has sent letters requesting the information to at least three exchanges active in the U.K. — Coinbase,...
Thailand’s anti-money laundering regulator has revealed plans to add cryptocurrency to the country’s laws. Police Maj. Gen. Preecha Charoensahayanon, secretary general of the Anti-Money Laundering Office, said that while his agency hasn’t received any specific complaints about crypto, he believes that digital currencies “will be...
Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, which aims to identify crypto transactions associated with money laundering. Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) on the data set, which was taken from 200,000 bitcoin transactions worth $6 billion...
Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back. The...
German blockchain finance firm Bitwala announced that it has raised $14.5 million in a Series A funding round led by Sony Financial Ventures and NKB Group. The funds will be used to expand the company’s customer base, add new staff and launch bitcoin accounts for...
A new report has revealed that Chinese importers in Russia are buying up to $30 million a day of tether from Moscow’s over-the-counter trading desks. They then use the cryptocurrency to send large sums back to their home country. “They accumulate a lot of cash...
