Bitfinex Claims ‘New York’ Customers Cited by NYAG Are Foreign Entities

Arguments that Bitfinex and Tether served New York residents through 2018 are misleading, new legal filings by the companies claim. A new affirmation by Bitfinex and Tether general counsel Stuart Hoegner says a previous filing by the New York Attorney General’s office claiming that Empire State residents used the companies’ platforms for far longer than previously stated “contain a number of inaccurate and misleading assertions.” According to Hoegner, some documents presented as evidence by the NYAG which appear to outline how New York residents could trade on Bitfinex “make clear that…

Tron’s Justin Sun Postpones Lunch With Warren Buffet

Justin Sun’s hotly-anticipated lunch with billionaire investor Warren Buffett has been postponed, the Tron Foundation announced Monday. Sun has fallen ill with kidney stones, the foundation said on Twitter. The parties have “agreed to reschedule at a later date.” The lunch, scheduled for July 25, was the prize for winning a charity auction. Sun bid $4.6 million earlier this year and seemingly intended to introduce the notoriously crypto-skeptical Buffett to a number of influential figures in the space. As of Monday, Sun had lined up Circle’s Jeremy Allaire, Huobi’s Chris…

Diana, a Blockchain ‘Lunar Registry,’ Attempts to Tokenize the Moon

In honor of Neil Armstrong’s “small step,” one company is taking a “giant leap” for blockchain. On the 50th anniversary of the Apollo 11 Moon landing, Diana, a blockchain startup, is launching a “lunar registry” that attempts to place the lunar surface on a distributed ledger. The project is offering collective ownership of Earth’s only natural satellite through dividing the moon into 3,874,204,892 cells encoded on a blockchain by a 3-word address. Proof of stake in this “cadastral map” is represented by two tokens, dia and mond. Following the launch…

A Suspect Crypto Site Stole My Identity – and I’m Furious

This week, I was hurled into the ranks of the unfortunate people who have had their identities stolen by a dodgy crypto enterprise – and, as the above headline indicates, I’m pissed. As I was informed by a well-wisher via an email this week, I am being advertised as an “advisor” to a supposed cryptocurrency project called “US Veteran Token” (USVT) that insinuates that it in some way supports the men and women that have admirably served their country in the military. But it appears to all be a ruse.…

South Korea: Crypto Crimes Cost $2.28B Since July 2017

The South Korean Justice Ministry estimates that cryptocurrency-related crimes have caused 2.69 trillion won (about $2.28 billion) of financial damage between July 2017 and June 2019. According to a July 21 report by English-language local media The Korea Herald, the ministry claimed that 132 cryptocurrency-related criminals and fraudsters had been indicted and detained, with another 288 indicted without physical detention during the aforementioned time frame. The report states that, while Justice Minister Park Sang-kim has ordered stern measures against cryptocurrency criminals, a lack of clear regulations on cryptocurrency exchanges has…

How Will the Crypto Markets Perform in Coming Years?

The crypto markets roared back to life at the beginning of 2019 after having a poor year previously, but many concerns remain despite the impressive show in the first half of the year so far. In an interview, the Managing Director of the advisory firm PFYN Advisory, Patrick Franz, spoke broadly about the range of changes that could eventually propel the crypto space even further in the years to come. PFYN wishes to eventually harness a crypto markets ecosystem in which traders from all over the world can buy and…

Republic of San Marino Signs MoU With Blockchain Platform VeChain

The Republic of San Marino has signed a Memorandum of Understanding (MoU) with blockchain application platform VeChain. Per the agreement, the two entities aim to deploy blockchain technology to incentivize sustainable ecological behavior from citizens, local news agency askanews reported on July 22. The MoU was signed between San Marino Secretariat of Industry, Craft, Trade, Labor, Cooperation and Telecommunications, Republic of San Marino Innovation Institute S.p.A, management systems certification body DNV GL Business Assurance Group AS, and VeChain Foundation Limited. “To become the first zero-emissions country in the world” The…

Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are…

Monero (XMR) Capped at $100 Despite Szabo’s Advocacy

Monero (XMR) steady in the last 24 hours Nick Szabo is advocating Monero Privacy is the future, and Monero is well-positioned. Despite their reliance on developers, Monero as a network is resilient, rebuffing miner centralization attempts. Thus far, like most coins, XMR is vulnerable. Even so, it is trading within a bullish breakout pattern against the USD. Monero Price Analysis Fundamentals The future is, indeed, private. Affirming this is a conscious campaign by citizens against behemoths keen on collecting and processing personal data for their benefit. Social media giant Facebook…

49% of Americans and Brits Don’t Trust Facebook’s Libra

Almost half of Americans and Brits would not trust Facebook in regards to its long-awaited stablecoin Libra, technology and market-focused news platform Telecoms.com reported on July 22. Facebook’s trust issues could hurt Libra project Citing a survey from instant messaging application Viber, the news outlet reveals that 49% of users in the United Kingdom and the United States said that they would not put trust in the social media giant when it comes to its own digital currency. Those respondents specified that they would not trust Facebook at all in…