Swiss Real Estate Company Closes A $134 Million Deal Using Blockchain

A building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today. The new owner of the building is Swiss real estate investment company BrickMarket. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building,. Those tokens are for sale to individuals who want to cut themselves in on earning some of the building’s rental income and benefit from any rise in the property’s value. Here’s a Google Street View image of Banhofstrasse 52, the building in question.…

Singapore Crypto Consultant Kidnapped for $1 Million Ransom

Singaporean Mark Cheng was recently kidnapped in Thailand and tortured for a $740,000 ransom in Bitcoin (BTC), the South China Morning Post and others report on Jan. 14. After transferring all his available funds of $46,000, he allegedly made a daring escape as his captors prepared to murder him. Cheng was on a business trip to Thailand with associate Kim Lee Yao Wei when a group of masked men grabbed them and put them in a nearby truck, Cheng told Singapore Chinese publication Lianhe Wanbao. Cheng also implicated Thai actor…

US SEC Seeks $16 Million Penalty from Token Sales Platform Operator

The United States Securities Exchange Commission (SEC) is seeking a default judgement against token sale platform ICOBox and its founder Nikolay Evdokimov. Documents filed with the Central District Court of California on Jan. 9 order the defendants to pay over $16 million in disgorgement to the agency within 14 days of the judgement’s entry.  In a complaint filed on Sept. 18, 2019, the SEC had sued ICOBox and Evdokimov for operating an unregistered securities offering of roughly $14.6 million worth of digital assets in 2017, and operating as an unregistered…

CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the service of process on Reynolds by publication on The Daily Telegraph and extending for sixty days the time limit by which the service must be effected on him and his firm. A major Bitcoin…

Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis.  Following the COP25 UN Climate Conference in Madrid, Sun tweeted: Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements. Regarding this, Sun told Cointelegraph that decentralized settlements and decentralized finance platforms are run by computers on cloud computing…

A Whale Just Sold $10 Million Worth of Bitcoin and the Market Isn’t Dumping

An unknown investor sold more than $10 million worth of bitcoin at the price of $7.125 on BitMEX, the biggest cryptocurrency margin trading platform. Yet, the bitcoin price is currently holding firm at $7,135. It suggests that the market absorbed the 8-figure dump relatively quickly. BitMEX $BTC Whale:$10,000,000 worth of #Bitcoin sold at $7,125.32 09:21:59 2019/12/20| 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰 So scared right now — WhaleTrades 🐳 (@WhaleTrades) December 20, 2019 The market’s reaction, rather a lack of reaction to a $10 million sell-off may indicate that despite significant selling pressure, the momentum…

Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market

The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the total MKR supply. As MKR token holders, both investment funds will actively participate in the decentralized governance of the Maker Protocol. This will also support Maker’s efforts to increase adoption in Asia of Dai, its decentralized stablecoin built on the Ethereum blockchain. In addition, Maker will have direct access to both Dragonfly’s and Paradigm’s expertise…

Justin Sun Riles Community With $1 Million Donation to Greta Thunberg

Tron (TRX) founder Justin Sun has publicly pledged to donate $1 million to efforts by the young Swedish activist Great Thunberg to raise global awareness of the climate crisis.  Responding to the watered-down results of last week’s COP25 UN climate conference in Madrid, Sun tweeted on Dec. 18: “As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD$1 Mil to @GretaThunberg ’s initiative. #cop25” COP25 ends in stalemate The recent UN climate…

19-Year Old Suspect Charged With $1 Million Crypto Heist via SIM-Swaps

A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States.  A news release published on Dec. 18 by Manhattan District Attorney Cyrus R. Vance alleged that Yousef Selassie, 19, conducted a complex “SIM-swapping” scheme targeting residents across 20 different states. SIM-swapping — also known as a port-out scam — involves the theft of a victim’s cell phone number in order to hijack their online financial and social media accounts by intercepting the…

Alchemy Publicly Launches Its Blockchain API After Raising $15 Million

San Francisco-based blockchain firm Alchemy announced the launch of its public application programming interface (API) after having raised $15 million in its Series A funding round. According to a press release published by the firm on Dec. 17, Alchemy’s platform allows enterprises to build blockchain-based applications. The $15 million funding round was reportedly led by Pantera Capital and has seen participation from the Stanford University — as Cointelegraph reported yesterday — crypto exchange Coinbas, tech giant Samsung, Alphabet chairman John Hennessy, LinkedIn founder Reid Hoffman, Yahoo founder Jerry Yang. The…