The District of Arizona Attorney is seeking to retain a defendant in custody in a case of allegedly shadow banking in custody as they are concerned he could flee. The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a case of alleged shadow banking for cryptocurrency companies. In a court filing released on May 1, the DA states that they are concerned the accused will flee. The filing follows the official announcement published by the Southern District […]

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Two New Zealand churches have denied allowing a crypto Ponzi scheme to preach to their congregations, and say they are launching legal action. A New Zealand church accused of colluding with a cryptocurrency Ponzi scheme in targeting the congregation, has denied knowingly participating in illegal activity in a Facebook statement on May 2. The Samoan Independent Seventh Day Adventist Church (SISDAC) is one of two places of worship accused of having links to OneCoin, which raised hundreds of millions of dollars worldwide by luring investors with the promise of huge returns. […]

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Indian technology company Tech Mahindra announced it will be implementing an anti-spam call solution powered by blockchain. Indian technology company Tech Mahindra will be implementing an anti-spam call solution powered by blockchain, Indian business daily Business Today reports on May 2. This solution will allow phone companies to comply with the Telecom Regulatory Authority of India (TRAI)’s regulations to protect mobile phone subscribers from unsolicited Commercial Communication (UCC), which will come into effect in the last week of May. Rajesh Dhuddu, Global Practice Leader of Blockchain at […]

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Major American cryptocurrency exchange and wallet service provider Coinbase has added support for DOGE to its Coinbase Wallet American major cryptocurrency exchange Coinbase has added support for Dogecoin (DOGE) to its crypto wallet service Coinbase Wallet, according to an announcement published on May 1. The announcement states that users can now store DOGE directly in the Coinbase Wallet app. The coin thus joined other digital currencies —  bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), ethereum classic (ETC), Ripple (XRP), Stellar Lumens (XLM) —  already supported by the […]

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The Mexican state of Tamaulipas is using GrainChain’s blockchain and IoT software for tracking major grains. Blockchain-powered agricultural project GrainChain has partnered with the Mexican state of Tamaulipas to expand its grain tracking service in the country, Forbes reports May 2. According to the report, the Tamaulipas government is now using GrainChain’s software for tracking major grains such as sorghum, soybean and corn. Implementing GrainChain’s blockchain-enabled tracking tools is expected to bring more transparency in the grain supply chain by automating data records and providing more clarity […]

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ICE was reportedly using the “crypto winter” to purchase crypto assets at a discount for its institutional cryptocurrency trading platform Bakkt. Intercontinental Exchange Inc (ICE) purportedly took advantage of the “crypto winter” to purchase crypto assets at a discount for its institutional cryptocurrency trading platform Bakkt, Reuters reported on May 2. ICE’s chief executive officer Jeffrey Sprecher reportedly told Reuters that “It’s really been helpful that the cryptocurrency industry sort of went into what they call a winter.” 2018 was a bear year for digital currencies; in […]

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United States-based asset management firm Fidelity Investments released the results of a survey showing that 22% of institutional investors already own digital assets. United States-based asset management firm Fidelity Investments released the results of a survey showing that 22% of institutional investors already own digital assets, in a press release published on May 2. The release claims that the firm surveyed 411 U.S. institutional investors among which 40% of respondents said that they are open to future investments in digital assets in the next five years. Furthermore, […]

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Canadian blockchain consulting firm Vanbex filed a lawsuit against its former contractor for false defamation. Canadian blockchain firm Vanbex has filed a lawsuit against its former contractor for spreading false and defamatory statements about the firm, as Vanbex announced on May 1. On March 14, Canadian police froze personal assets of the firm’s founders Kevin Hobbs and Lisa Cheng due to an allegedly fraudulent initial coin offering (ICO). According to court documents, the Royal Canadian Mounted Police (RCMP) determined that Vanbex founders Kevin Hobbs and Lisa Cheng […]

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