RBI Ban Stops Indian Police From Cashing Out Seized Crypto

[ad_1] The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Police Funds Locked Restrictions on banks placed

Verisart Raises $2.5M in Funding Round Led By EOS Venture Capital

[ad_1] Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform.Verify and track provenance of artIn an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and Rhodium.The funding will go toward expanding Verisart’s product and engineering team and will make

Blockchain Firm Secures $5 Million From Investment Company Cosimo

[ad_1] Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures.Total investment of $8 millionIn an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round.Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things.Oneiro’s latest funding round brings the company’s

India Police Can’t Move Seized Crypto Due to India’s Anti-Crypto Law

[ad_1] The police of Pune, a city in the western Indian state of Maharashtra, have sought a court's directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year.$1.2 million frozen In an Oct. 3 article by the Times of India, Pune cyber police explained that the value of 244 cryptocurrency units (worth $1.2 million) was blocked in the bank account of company Discidium Internet, which was

ESET Flags New Latin American Banking Trojan That Targets Crypto

[ad_1] Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America.Primary targetsKnown as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3.According to the report, Casbaneiro uses a social engineering execution method, which displays fake pop-up windows misleading potential victims to enter

US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

[ad_1] Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras.Verifying police footageThe impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the real thing. This technology causes a

Hackerone User Reveals Critical Bug Through MakerDAO Bounty Program

[ad_1] MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users.$50,000 bountyOn Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker to steal all of the collateral stored in the MCD system – possibly within

Next Bull Market Will See Bitcoin Realize It’s Full Potential

[ad_1] Around 99% of internet stocks met their demise during the 20-year long dot-com bubble. A few handfuls went on to achieve trillion-dollar market cap valuations, paving the way for a ‘real bull market’. Crypto markets will face the same fate, with Bitcoin being one of the ‘handfuls’. In a Bloomberg opinion piece today, bitcoin bear turned bull Jared Dillian, an investment strategist at Mauldin Economics, impressed upon the “greater

Vanguard Group Tests Blockchain Platform for Trading Currencies

[ad_1] The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks.On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG.A source familiar with the matter said

Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin

[ad_1] Last month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities like the U.S. Marshals have auctioned thousands of bitcoins. In contrast to the governments