The Netherlands is planning on bringing in harsher penalties for scams involving banking apps and cryptocurrencies. Proposed new legislation from the country’s Ministry of Justice and Security is aimed to align penalties for fraud utilizing these newer payment methods with those for crimes involving more traditional payments such as credit cards. Card crime already has […]
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Circle, one of the earliest crypto adopters in the fintech space, has laid off about 10 employees. The move, first reported by The Block, comes barely a week after the firm’s co-CEO, Sean Neville, announced he would step down from his role at the end of 2019, though he intends to remain on Circle’s Board […]
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The U.S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering. The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens. While Eyal was supposed to develop a platform which […]
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Jack Dorsey’s latest foray into decentralized technology could be a harbinger of a radical shift in social media infrastructure. It all depends on the execution. On Wednesday, the Twitter and Square CEO announced plans to support an independent team “of up to five open source architects, engineers, and designers to develop an open and decentralized […]
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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. David Z. Morris is a staff writer covering A.I., blockchain, and other technology for Fortune Magazine. He was formerly a staff writer at BreakerMag, and is the author of […]
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Kraken Security Lab said crypto hardware wallet KeepKey is not doing enough to protect customers from physical attacks, saying it was able to get into the system using a $75 device. “All that is required is physical access to the wallet for about 15 minutes,” the firm said in a blog post on Tuesday. Kraken […]
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Square Crypto, the payment startup’s bitcoin development group, has funded a pseudonymous researcher to let him work on the space full-time. Announced Wednesday via Square Crypto’s Twitter account, freelance Lightning and bitcoin contributor ZmnSCPxj received a grant from the company to further development of the bitcoin network. The grant’s total was not disclosed. The pseudonymous […]
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With markets continuing their slide, today we’re looking at Nike’s recent shoe patent and the ECB’s digital currency discussions. Later, we’re joined by CoinDesk analyst Galen Moore for some insight into exchange fees, token listings and more… Having trouble with the embedded player? You can download the MP3 here. Tune in as CoinDesk podcasts editor […]
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British Columbia-based quantum computing company D-Wave Systems is teaming with NEC, the storied maker of massive supercomputers. The partnership, announced Wednesday, would merge D-Wave’s quantum offering with NEC’s classical computing environments. NEC will also invest $10 million in the company and sell the D-Wave Leap quantum computing service alongside its traditional services. “Japan is the […]
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ConsenSys, the ethereum blockchain development company with over 30 hubs around the globe, has shut down key operations in India and the Philippines, CoinDesk has learned. ConsenSys chief Joe Lubin informed the teams via email that they would be closed down, people familiar with the situation said. A member of the seven-person team in India […]
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