German Regulator Had Just 1 Person Checking Wirecard’s $3.1B Books: Report

Germany’s finance and accounting agencies seem to have missed their chance to spot a $2.1 billion black hole in Wirecard’s accounts.

Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap

USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization. On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018. According to data from Coin360, the...

Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go

Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues — such as data leakages, loss of customer funds during international transactions and...

Bitcoin’s Price Correlation With S&P 500 Hits Record Highs

Bitcoin’s correlation with the S&P 500 is somewhat erratic, but the relationship has just got stronger. That may not be bad news.

Crypto Use-Cases in Africa on the Rise, According to Luno

Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll...

Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the...

E-Gold Claims US Officials Buried Key Report in 2008 Landmark Crypto Ruling

A court filing alleges federal government suppression of an OFR review led to crypto businesses being defined as money transmitters.

Vulnerability in Ravencoin Creates Extra 1.5% of Maximum Supply for Hackers

A vulnerability in Ravencoin (RVN) resulted in the unsanctioned minting of about 1.5% of its maximum supply of 21 billion RVN.  The exploit was disclosed by Recencoin on Friday after initial reports were confirmed, but details remain fuzzy as the investigation is still underway. About 315 million RVN were...

OneCoin Marketing Scam Operator Fined $72,000 in Singapore

On Wednesday, a 52-year old man named Fok Fook Seng of Singapore was found guilty of operating a multi-level marketing scam linked to the cryptocurrency Ponzi scheme OneCoin. Since its inception, the  OneCoin crypto scam has defrauded investors of more than $4.4 billion. According to local news outlet Channel...

Russian Court: Bitcoin Theft Not a Crime

A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies. St. Petersburg’s Petrogradsky...