Investors File Multiple Lawsuits Against Cryptocurrency Issuers and Exchanges
Apr06

Investors File Multiple Lawsuits Against Cryptocurrency Issuers and Exchanges

Cryptocurrency investors filed 11 class action lawsuits against various digital currency issuers and exchanges last Friday, Reuters reports. The suits were filed in Manhattan’s U.S. District Court and accuse the companies and their executives of violating U.S. securities law by selling billions of dollars of unregistered digital assets.

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Maduro to Airdrop One Petro Each to Venezuelan Doctors
Apr05

Maduro to Airdrop One Petro Each to Venezuelan Doctors

Like other nations around the world, Venezuela’s medical community has been battling to contain the coronavirus. Now, that country’s government is apparently expressing its thanks for those doctors’ efforts by giving each doctor one petro cryptocurrency coin via a national airdrop.

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GM Files Patent Application for Blockchain Distributed Map
Apr04

GM Files Patent Application for Blockchain Distributed Map

Automobile giant General Motors has filed an application with the US Patent and Trademark Office seeking a patent for what it calls a Decentralized Distributed Map Using Blockchain, Forbes reports. The company reportedly believes that blockchain technology can reduce the costs associated with current vehicle mapping systems.

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BIS: Coronavirus Pandemic Could Speed Movement Toward Digital Payments, CBDCs
Apr03

BIS: Coronavirus Pandemic Could Speed Movement Toward Digital Payments, CBDCs

The current coronavirus pandemic has the potential to hasten the move toward digital payment options like central bank-issued digital currencies, according to the Bank of International Settlements. In a recent bulletin, the bank noted that there’s increasing public concern about physical cash’s potential for transmitting the virus, despite central banks’ active efforts to dispel those worries.

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Power Ledger Partners with French Green Energy Firm to Roll Out Blockchain Energy Platform
Apr02

Power Ledger Partners with French Green Energy Firm to Roll Out Blockchain Energy Platform

Australian blockchain technology firm Power Ledger has partnered with French green energy retailer ekWateur to roll out the new Vision blockchain-powered energy tracking platform. In an announcement released today, Power Ledger confirmed plans to provide more than 220,000 electricity meters with access to the platform.

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Russian Digital Assets Law Delayed Due to Covid-19 Outbreak
Mar31

Russian Digital Assets Law Delayed Due to Covid-19 Outbreak

State Duma Committee on Financial Markets Chair Anatoly Aksakov has confirmed that Russia’s new digital asset legislation is being delayed due to the ongoing Covid-19 pandemic, according to Russian media reports. In a recent interview, Aksakov said that the legislation has been finalized, but likely won’t be passed until late spring, as the legislature has turned its attention to measures needed to fight the coronavirus.

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Maltese University Students Turn to Blockchain Voting App for Student Election
Mar30

Maltese University Students Turn to Blockchain Voting App for Student Election

Students at the University of Malta recently conducted an election to choose student representatives, using a blockchain decentralized application, Crowdfund Insider reports. The application was reportedly created at the school, and relied on technology solutions from Vodafone:

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Russian Authorities Break Up Illicit Bitcoin Mining Operation
Mar29

Russian Authorities Break Up Illicit Bitcoin Mining Operation

Russian police this week arrested ten people suspected of operating an illicit cryptocurrency mining operation that stole some 15 million rubles worth of electricity each month. Authorities also seized about 2 million rubles, 1,500 mining devices, smartphones, and 100 electrical meters that the suspects allegedly altered.

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Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement
Mar28

Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement

The Monetary Authority of Singapore (MAS) announced this week that dozens of companies have received temporary exemptions from the recently-enacted Payments Services Act’s new licensing requirements. Among those companies listed in the announcement are major cryptocurrency firms like Coinbase, Binance, and Gemini Trust.

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MT County Extends Zoning Regs for Crypto Mining
Mar27

MT County Extends Zoning Regs for Crypto Mining

In April 2019, the Missoula County Board of Commissioners adopted new interim zoning regulations designed to address issues related to cryptocurrency mining in the country. In a unanimous decision, the board voted on Thursday to extend those regulations for another year beyond their original expiration date of April 3, 2020.

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Coin Metrics Closes $6M Series A Funding Round
Mar26

Coin Metrics Closes $6M Series A Funding Round

Boston blockchain analytics company Coin Metrics has completed a $6 million Series A funding round, according to a March 26 report from The Block. The successful round was led by Highland Capital Partners and several other investors, including Coinbase, Fidelity, Dragonfly Capital, and Digital Currency Group.

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Court Injunction Blocks Telegram’s Issuance of GRAM Tokens
Mar25

Court Injunction Blocks Telegram’s Issuance of GRAM Tokens

A New York federal judge has issued a preliminary injunction barring Telegram from issuing and distributing its GRAM digital tokens, the Block reports. The Court, applying the Howey test, determined that the distribution would violate the nation’s securities laws.

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Italian Red Cross Sets New BTC Fundraising Goal for Covid-19 Emergency Ops
Mar23

Italian Red Cross Sets New BTC Fundraising Goal for Covid-19 Emergency Ops

After successfully completing a bitcoin fundraising effort to finance a pre-triage post to aid in the fight against Covid-19, the Italian Red Cross has now set a new fundraising goal. This time, the charity is seeking roughly $26,000 in donations to fund its purchase of vital equipment for its coronavirus battle.

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Official: Russian Digital Asset Bill May Include Ban on Cryptocurrency Activities
Mar22

Official: Russian Digital Asset Bill May Include Ban on Cryptocurrency Activities

In a recent interview with Russian news agency Interfax, Bank of Russia legal department director Alexei Guznov addressed his nation’s efforts to complete legislation on digital financial assets. According to him, officials have largely reached a consensus that could result in a ban on cryptocurrency issuance and transactions inside Russia.

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EY Japan to Launch Blockchain Solution for Sake
Mar21

EY Japan to Launch Blockchain Solution for Sake

EY Japan has plans to launch a new blockchain-based tracking system called Sake Blockchain, Nikkei Asian Review reports. The system will allow data-sharing of information that can help sake producers more effectively authenticate their products and counter rival counterfeit offerings.

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SEC Moves to Halt Alleged Cryptocurrency Scam
Mar20

SEC Moves to Halt Alleged Cryptocurrency Scam

The U.S. Securities and Exchange Commission announced Friday that it has halted an alleged cryptocurrency scam and frozen related assets. In a press release, the commission confirmed that one of the accused fraudsters is a former Washington state senator, David Schmidt.

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Argentine Regulator Approves Expansion of Blockchain Gas Distribution Tracking System
Mar19

Argentine Regulator Approves Expansion of Blockchain Gas Distribution Tracking System

Argentinian natural gas regulators have approved an expansion of the blockchain-based Gasnet network to cover the entire nation. The system has previously been used by Gasnor, a local distributor which used Gasnet to track gas distribution to roughly 2 million people in Argentina.

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Bakkt Announces Completion of $300 Million Funding Round
Mar17

Bakkt Announces Completion of $300 Million Funding Round

Bakkt announced the completion of a $300 million Series B funding round, in a blog post on Monday. Investors include Intercontinental Exchange, Boston Consulting Group, PayU, Pantera Capital, CMT Digital, Goldfinch Partners, and Microsoft’s M12.

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Organizers Postpone Japan’s Largest Blockchain Summit, Citing Covid-19 Concerns
Mar16

Organizers Postpone Japan’s Largest Blockchain Summit, Citing Covid-19 Concerns

Organizers for the TEAMZ Blockchain Summit have officially announced that they are postponing the event until September 28, due to concerns about the coronavirus. The event is the largest blockchain-related gathering in Japan and was originally scheduled to begin in April.

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Italian Red Cross Turns to Bitcoin Donations to Fund Pre-Triage Medical Post
Mar15

Italian Red Cross Turns to Bitcoin Donations to Fund Pre-Triage Medical Post

The Italian Red Cross recently completed a Bitcoin donation campaign designed to raise money for a new pre-triage advanced medical post to help in the battle against the coronavirus. The Red Cross set up the campaign in partnership with the Colli Albani Committee, using the Helperbit donation platform for natural disaster management.

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