Tiny Block Advocates Speak Up After Veriblock ‘Abuses’ Bitcoin’s Block Size

[ad_1] The BTC community recently celebrated the fact that Segregated Witness (Segwit) transactions accounted for 50% of transactions and bech32 transactions doubled as well. However, the celebration quickly came to an end when a few Bitcoin Core developers found out where the transactions derived from and got upset at the Veriblock project for using scarce block space. Bitcoin Core developer Luke Jr urged the BTC community to reduce the block

SEC Charges Token Sale Platform For Illegal $14M Securities Offering

[ad_1] The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers.SEC says ICOBox’s digital tokens are worthlessIn a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the firm’s ICO tokens to more than 2,000 investors in an unregistered coin offering in 2017.The SEC goes on to say

Two Arrested for ‘Old-Fashioned Shakedown’ of Cryptocurrency Startup

[ad_1] Authorities in the United States have arrested two individuals who allegedly threatened to destroy a startup crypto company if they were not paid millions of dollars in cryptocurrency.Extortion of crypto startupOn Sept. 18, the U.S. Attorney’s Office for the Eastern District of New York, together with the FBI, announced the arrest of Steven Nerayoff and Michael Hlady. Both individuals were charged with extortion of a cryptocurrency startup and have

Israeli Startup That Allows Offline Crypto Transactions Secures $4M

[ad_1] Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system for transacting cryptocurrencies.The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connection, Israeli business news publication Globes reports Sept. 18.The company raised $4 million in a funding round led by Discount Capital, a venture arm of one of Israel’s three largest banks, Discount Bank,

Luxembourg Regulator Red-Flags Activities of BitPay Clone Website

[ad_1] Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), red-flagged the activities of a fraudulent clone website that is impersonating cryptocurrency payment services provider BitPay.On Sept. 18, the CSSF issued a warning against a crypto payment company going by the name Bitbay Europe S.A. The website alludes to being the European branch of BitPay, stating, “The world's smartest Bitcoin exchange service has landed in Europe.”The firm claims to

Court Order to Unlock the Tulip Trust

[ad_1] Since early 2018, Craig Wright, a controversial Australian computer scientist and tech entrepreneur, has been the defendant in a lawsuit filed on behalf of the estate of Dave Kleiman, Wright’s late business partner. The claim alleged that following Kleiman’s death in 2013, Wright unlawfully appropriated more than a million Bitcoin (BTC) that the duo had mined jointly in the early years of the cryptocurrency, as well as some related intellectual property.

Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

[ad_1] Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, and the NFL’s Miami Dolphins have named litecoin their “official cryptocurrency.” Still, with all

Turkey Announces Plans for a National Blockchain Infrastructure

[ad_1] The Turkish government announced its plan to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration.The Republic of Turkey’s Ministry of Industry and Technology announced plans for a "National Blockchain Infrastructure" during its Strategy 2023 presentation on Sept. 18 in Ankara, Turkey.Strategy 2023 emphasizes blockchain and DLT as priorities for the National Technology Initiative in the coming year. The document refers to a Startup Genome survey

Bitcoin ETF Regulatory Withdrawal Sets Institution On-Ramp Back Once Again

[ad_1] VanEck and SolidX have withdrawn a proposal with the U.S. Securities and Exchange Commission (SEC) for the duo’s latest attempt at a bitcoin exchange-traded fund (ETF). The struggle to create the first bitcoin ETF has been ongoing since at least 2013. Theoretically, a formalized market for a bitcoin ETF would furnish a convenient, institution-friendly investment product for legacy financial players to make moves into bitcoin. There has been a