This is a daily round up of important blockchain and crypto news between March 21, 2019 and March 22, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.
Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us
- 0.1 1. Wasabi Wallet Under Threat from Scammers
- 0.2 2. AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO
- 0.3 3. Swiss Federal Council Initiates Blockchain Law Consultation Period
- 0.4 4. Blockchain in Biometrics Could be Used in Travel Security, US Customs Rep Says
- 0.5 5. China Trade Body Warns Investors against ICOs, STOs
- 1 Bite-sized News
1. Wasabi Wallet Under Threat from Scammers
The scammers are at it again. This time, the target is, popular open source bitcoin wallet, Wasabi. Quite cleverly, the scammers created a fake website that contains links to the Wasabi bitcoin wallet, but minus the Windows version.The Wasabi wallet is an open source Bitcoin wallet, which uses ‘shuffling’ technology, similar to what Tor uses, in order to provide maximum security and privacy while using bitcoin. Read more
2. AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO
Jared Rice Sr., founder of crypto bank AriseBank, pleaded guilty to one count of securities fraud Wednesday in federal court. The Dallas News reported Thursday that Rice, who was arrested last year, admitted to scamming investors out of $4.2 million by selling AriseCoin tokens and promising that customers would receive Visa credit cards and accounts insured by the Federal Deposit Insurance Corporation (FDIC). Read more
3. Swiss Federal Council Initiates Blockchain Law Consultation Period
By initiating the consultation, the Federal Council intends to improve legal certainty over blockchain applications in order to build a basis for regulatory framework for the industry in Switzerland, particularly in the financial sector. According to the document, the Federal Council’s consultation will last until the end of June 2019. Read more
4. Blockchain in Biometrics Could be Used in Travel Security, US Customs Rep Says
blockchain for biometric tracking would be the technology’s killer app in the
travel security sector, according to a representative from the United States Customs
and Border Protection (CBP) agency. Sikina
Hasham, program manager at the CBP, made her remarks during a panel at the
JetBlue Technology Ventures Blockchain in Travel Summit in New York City on
5. China Trade Body Warns Investors against ICOs, STOs
China, has had a see-saw relationship with cryptocurrencies and blockchain in the past one and a half year. While it has gone back and forth on its decision to use blockchain and allow cryptocurrency trading, it seems it has made up its mind on the latter. A notice released by the Beijing Internet Finance Industry Association (BIFIA), says that there are activities carried out by companies that do not use blockchain but are more oriented towards speculating on the concept of blockchain. Read more
Only the headlines are enough for these news
- India: Supreme Court Hearing Date Likely to be On March 29 Read Story.
- Crypto Lender BlockFi Cuts Interest Rates Paid to Largest Account Holders Read Story.
- Japanese Conglomerate, SBI Holdings Ventures Into Manufacturing Crypto Mining Systems Read Story.
- Bain-Backed Crypto Exchange Seed CX Is Expanding to Asia Read Story.
- Blockchain Art Registry Acquires Database With Info From 4K Auction Houses Read Story.
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