Technology

Larry Harmon was arrested earlier this week for allegedly participating in a money-laundering conspiracy worth more than $300 million in cryptocurrency involving darknet marketplace AlphaBay. However, the family of the Coin Ninja CEO claims he was never involved with AlphaBay. Harmon’s case raises pressing questions about developer liability in the crypto industry. In addition to
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IOTA Foundation, the nonprofit behind the IOTA distributed network, recommended users close their Trinity wallets Thursday after multiple reports of fund theft.  IOTA said it started receiving the reports Wednesday and decided to shut off the Coordinator node in the network for further investigation.  The foundation is evaluating an exploit on an earlier version of
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Galaxy Digital, the cryptocurrency merchant bank founded by Wall Street veteran Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said. The layoffs occurred across the board in early January, and all of the New York-based firm’s business divisions – asset management, trading, principal investments, and
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Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday. The New York Times reported the Trump administration “has expressed growing concern” that this technology is being used to “evade American sanctions on countries like Iran.” Earlier this week, the Parliament of Iran Research Center published a report suggesting
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A former Uber staffer has joined Binance to help the crypto exchange expand into new markets. Matt Shroder was announced as Binance’s “VP of Global Expansion Operations” on Thursday. He was previously Uber’s “Global Head of Product Operations.” Shroder’s new role will include helping the exchange scale its operations and services, especially in emerging markets.
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As the bitcoin community gears up for its next likely major code upgrade, students of the cryptocurrency have an opportunity to inspect the changes themselves, with help from core developers. The weekly Bitcoin Core review club has started guiding users through the proposed Taproot/Schnorr code, designed to improve privacy and scalability and boost smart-contract usage
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Torus, a key-management startup offering one-click logins for decentralized apps (dapps), launched out of beta Thursday, announcing eight initial hosting partners for its Web 3.0 product. Alongside Torus itself, Binance, Ethereum Name Service (ENS), Etherscan, Matic Network, Ontology, Skale, Tendermint Core and Zilliqa will be running nodes supporting the decentralized login system. The move positions
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The Depository Trust & Clearing Corporation (DTCC) wants the financial sector to form a consortium alongside regulators to reduce risks associated with blockchain. In a white paper published Wednesday, the New York-based post-trade financial services firm said participants in the financial sector should work to establish a set of “agreed-upon standards” that could address some
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Banking giant Wells Fargo is backing blockchain forensics firm Elliptic. Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of $28 million. The investment is partly geared toward a recently launched product that helps crypto exchanges win banking relationships, Elliptic said. The product, Elliptic
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An executive formerly working on Apple’s payments products has joined Banco Santander. Trish Burgess joins the Spain-based multinational as the new global head of Peer-to-Peer Payments and will direct its expansion of digital payments services globally, according to an announcement Thursday. Burgess worked at Apple for 4.5 years, her LinkedIn profile indicates, where she helped
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Mastercard has joined a working group that supports blockchain education and research in universities around the world. Blockchain accelerator MouseBelt announced Tuesday it has welcomed 11 founding members into its Blockchain Education Alliance. In addition to the card network, the new members include the innovation arms of payments startup Ripple and crypto exchange Binance; and
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The Internal Revenue Service (IRS) should – but won’t – clarify how taxes are levied on cryptocurrencies and cryptocurrency transactions in the U.S., the government’s top auditing institution said Wednesday. The Government Accountability Office (GAO), a U.S. Congress watchdog, published a report in response to a request from Rep. Kevin Brady (R-Tex.), evaluating the IRS’s
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With bitcoin above $10,000, Markets Daily is back with our news roundup, plus a brief interview with CoinDesk Senior Markets Reporter Brad Keoun. Today’s show features a brief interview with CoinDesk Senior Markets Reporter Brad Keoun on his story: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for
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One of the world’s largest defense contractors is seeking “cryptocurrency exploiters” to support a client based in Washington, D.C. Advertised on LinkedIn, the Virginia-based arm of BAE Systems is searching for candidates who can “demonstrate proficiency in cryptocurrency” and can move to the U.S. capital to “support a client’s operational requirements.” Successful candidates will either
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LabCFTC, the U.S. Commodity Futures Trading Commission’s (CFTC) financial technology experimentation branch, is holding office hours on April 1, asking local companies to ask questions, discuss issues or present their projects. The CFTC announced Tuesday that participants can register for the office hours by emailing LabCFTC@cftc.gov (email subject line should say “NYC Office Hours”) “Office
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Democratic presidential candidate Andrew Yang has withdrawn from the election following a dismal showing in the New Hampshire primary Tuesday. Yang entered the race in November 2017, centering his campaign around his signature “universal basic income” proposal, which would provide a $1,000 per month income to American adult. However, as a candidate, he also created
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The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer “extraordinary profits” from a cryptocurrency trading scheme. The SEC alleged in
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