Author: admin

A cryptocurrency investment scheme that last month drew the ire of state regulators in Texas announced last week that it was closing its lending platform. DavorCoin, as previously reported, was likened to BitConnect by the Texas State Securities Board (TSSB) given that both involved the use of a lending site and had promised to pay steady interest income to those who invested. On Feb. 2, the board issued a cease-and-desist to Davorcoin, alleging at the time that those behind the scheme Read more …

Po.et, a blockchain startup that allows content creators to create time-stamped titles for their written, visual and audio work, has announced Jarrod Dicker, who has held positions at the Washington Post, Time Inc. and Huffington Post, as its new CEO.It may be the perfect match. Po.et wants to change the way content creators manage their work and Dicker has a history of ushering traditional news outlets into the digital age, so they are not solely reliant on advertising and subscriptions. Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. New York Fed Economists Michael Lee and Antoine Martin aren’t entirely dismissive of bitcoin, which only seems to make matters worse. In a Q&A, which is posted on the New York Fed’s website, the economists question bitcoin’s utility, arguing it will never be as easy to use as the current central bank-backed fiat money, pointing to a host of concerns — not the least of which surrounds Read more …

Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company’s freezing of crypto withdrawals, Reuters reported today, Feb. 13. The Japan-based exchange had frozen all withdrawals after they lost $530 mln in NEM in a hack last month. The plaintiffs’ lawyer, Hiromu Mochizuki, told Reuters that the claim will ask Coincheck to allow the traders to withdraw their crypto into a wallet outside of the exchange, and Read more …

Japanese digital currency exchange Coincheck has abruptly frozen withdrawals after confirming a major security breach involving NEM cryptocurrency. $400 Million Compromised Coincheck confirmed on Friday that more than $400 million worth of NEM was lost after the tokens were routed “illicitly” outside the platform. The loss was originally reported at more than $700 million, possibly reflecting NEM’s fluctuating value throughout the day. Company officials said 500 million NEM tokens went missing. The incident has since been reported to Japanese authorities. Read more …

Microsoft revealed its plans to integrate Blockchain-based decentralized IDs (DIDs) into its  Microsoft Authenticator app, the company announced in a blog post Monday, Feb. 12. As reported in the post, Microsoft is looking to provide new a model of digital identity that would not be controlled by any centralized institution and would guarantee fully private data storage, enabling the individual to have full control of “all elements of [their] digital identity.” After considering a number of standards for decentralized identity Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Ethereum Classic price posted a top 35-best 20 percent increase on Tuesday, defying the bearish trend of the overall market and lifting ETC to its highest mark since January. Ethereum Classic Price Surges Amid Choppy Markets “If you’re not watching Ethereum Classic, you’re doing it wrong.” Thus tweeted Barry Silbert, founder of the Digital Currency Group (DCG), on Monday. The DCG, of course, is the parent Read more …