Blockchain 

‘I Am Not Involved With Fight to Fame or Their Countdown Website’

Disclaimer: This story is a follow-up to a piece published by Cointelegraph Aug. 13, which appears to be based on flawed sources and which should consequently be considered incorrect. American legendary professional boxer Mike Tyson has denied news putting forward his support for a blockchain-based platform for fighters dubbed Fight to Fame, which is allegedly a fraudulent scheme. In a tweet published on Aug. 14, Tyson said: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to…

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Blockchain 

Grocery Involved in Nearly Half of all DLT Supply Chain Projects

The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based (DLT) supply chain projects. UCL: grocery most active in DLT tracking Research conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. 4 shows that the grocery industry has the highest number of DLT-based supply chain tracking projects. Per the report, nearly half of all the projects analyzed operate within the grocery sector, while about 15% respectively operate in the healthcare and fashion industries. Lastly, about 39% operate in other,…

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Ethereum 

Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme

Vanuatu, a Pacific Island country, has extradited six Chinese citizens to the mainland, according to a report by Odaily Planet Daily on July 10.  The suspects were reportedly arrested in the course of an ongoing investigation of the PlusToken cryptocurrency platform which, according to the Yancheng Public Security Bureau, is a pyramid scheme.  As per the report, the Yancheng police in China have confirmed that they cooperated with local Vanuatu police to extradite six suspects associated with the PlusToken fund. The individuals were reportedly arrested by Vanuatu authorities at Chinese…

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Bitcoin 

German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site

German police, along with Europol, have shut down servers of a dark web marketplace and seized six figures in crypto from the arrested suspects, Europol announced on May 3. The Wall Street Market, reportedly the world’s second-largest dark web market, has been shut down by the German Federal Criminal Police under the authority of the German Public Prosecutor’s office. According to the report, German authorities arrested three suspects and seized over 550,000 euros ($615,000) in cash  along with bitcoin (BTC) and monero (XMR) in six figure amounts (actual value unspecified)…

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Bitcoin 

KuCoin Exchange Blocks Crypto Wallet Allegedly Involved in RChain Token Scam

Singapore-based crypto exchange KuCoin has blocked a crypto wallet that is allegedly involved in a recent RChain (RHOC) token scam, RChain wrote in a blog post on April 26. RChain, the blockchain firm behind RHOC coin, informed its users that the company suffered a scam involving an escrow transaction containing counterfeit money. In the apparent deal, RChain was set to send 11 million RHOC tokens to its partners who expressed an interest in putting money into an escrow account. Once the money was in escrow, RChain sent RHOC tokens to…

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Bitcoin 

Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabah reported on Feb. 12. Following a report of an alleged hack from a crypto-related company in Istanbul, the city police’s Cybercrime Department found that that stolen money was moved out directly from hacked accounts to accounts on other exchanges. The money was reportedly stolen in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Turkish police further launched an operation…

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Bitcoin 

70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans

A new report published on Jan. 8 by the Bank for International Settlements (BIS) has found that seventy percent of central banks worldwide are conducting research into central bank digital currency (CBDC) issuance. However, concrete plans for implementation and motivations vary considerably across contexts. The BIS is an organization based in Switzerland made up of 60 of the world’s central banks, and has to date devoted a number of major reports to both decentralized cryptocurrencies and CBDCs. The latter are distinct from the former in that they are digital currencies…

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Ethereum 

Ethereum Classic Double Spending Involved More Than $1.1 Million in Crypto

A deep reorganization of the Ethereum Classic (ETC) blockchain, which reportedly included double spending, has involved more than $1.1 million worth of crypto, United States crypto exchange Coinbase revealed Monday, Jan. 7. According to the Coinbase blog, the team first detected eight reorganizations that included double spends, totaling 88,500 ETC (approximately $460,000). Later, the exchange informed the public in an update that there were 12 additional reorganizations, totaling 219,500 ETC (around $1.1 million). It was not immediately clear whether Coinbase has increased the number of previously detected attacks to 12,…

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Bitcoin 

US Treasury Dept. Takes Action Against Two Iranians Allegedly Involved in BTC Ransomware

The U.S. Treasury Department has sanctioned two Iranians allegedly involved in Bitcoin (BTC) ransomware scheme SamSam, the Treasury reported in an official press release today, Nov. 28. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action on Wednesday against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who are accused of exchanging Bitcoin into Iranian rials (IRR). This is also the first time that Bitcoin addresses have been publically attributed to “designated individuals” on the OFAC’s sanctions list. According to the report, SamSam ransomware…

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Bitcoin 

Bulgarian Prosecutors Detain Three Hackers Allegedly Involved in $5 Million Crypto Theft

Bulgarian Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in stealing $5 million in crypto, Sofia-based newspaper 24 Chasa reports Monday, Nov. 26. Bulgarian police reportedly seized cryptocurrencies worth around $3 million, as well as the equipment allegedly used by the thefts, including computers, flash drives, and a hardware portfolio for storage of crypto data. Apart from notebooks containing crypto accounts, the prosecutors have also seized a car that was allegedly purchased with stolen funds and worth about 60,000 in Bulgarian Lev (BGN) (about $35,000). According to…

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