Canadian Executive Accused of Stealing over US$ 5 Million in Cryptocurrency

A senior executive at a Vancouver, British Columbia-based marketing firm allegedly preyed on the ignorance of his employer regarding cryptocurrencies to take off with digital assets worth millions of dollars. In a lawsuit filed by Shair.Com Global Digital Services, the marketing firm accused Jason Arnold, its former chief operating officer, of stealing up to US$5.3 …

Greece Approves BTC-e Admin Alexander Vinnik’s Extradition to Russia

Alleged bitcoin money launderer Alexander Vinnik has reportedly told the judges of the Supreme Court of Greece that he wanted to be extradited to Russia. The Russian national who was arrested in Greece last year, accused of laundering billions of dollars in bitcoin through BTC-e, has rejected the charges imposed on him by US and France. According …

Payments Blockchain Stellar Hits Milestone

Stellar, the open source, community-owned cross-asset payment framework has achieved the milestone of 1,000,000 accounts on its network. This was revealed in a tweet posted by OrbitLens posted on Monday, August 27. Stellar’s Growing Success Initially modelled and based and Ripple, Stellar has the goal of disrupting finance in three different ways simultaneously. It offers cross-asset transfer …

Scottish PRS Market Finds a Use Case in Blockchain

A Scottish property firm is teaming up with a local blockchain startup to create probably the world’s first Private Rented Sector (PRS) database. Property letting portal Citylets has announced that they and their new tech partner Wallet.Services will be creating a ledger that would tackle rising rents in Scotland’s residential sector. The company believes that their …

Deutsche Börse Launches Dedicated Cryptocurrency and Blockchain Unit

German capital markets giant Deutsche Börse has created a dedicated ‘DLT, Crypto Assets and New Market Structures’ department for exploring the application of blockchain technology. Deutsche Börse has been exploring different applications of the blockchain for a while, the firm said in a press release. The German-based exchange had co-operated with international central securities depositories on how to use …

A Bitcoin ETF is Inevitable, but Damaging

Author of the book ‘Mastering Bitcoin’ and noted bitcoin advocate Andreas Antonopoulos believes that a Bitcoin ETF is imminent. However, he insists that the long-term implication of such fund will do more harm than good for the original cryptocurrency. Intermediary Bitcoin ownership Antonopoulos described an exchange traded fund(ETF) as a fund that has a custodian …

In a First, Japanese City Deploys Online Blockchain Voting System

The government of the Japanese city of Tsukuba has introduced an online voting system, powered by blockchain, to enable residents to vote for social development programs. The first-of-its-kind digital vote in Japan, Tsukuba will use Japan’s “My Number” system – a 12-digit social security identifier afforded to all Japanese residents – to verify voters’ credentials …