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Markets

Court Sentences Bitcoin Ransomware Creators to Community Service

The developers behind the CoinVault and BitCryptor ransomware were sentenced to 240 hours of community service in a Dutch court on Thursday.

cv

Markets

Crypto Bank Galaxy Digital Loses $134 Million in Q1

Crypto investment bank Galaxy Digital lost $134 million in the first quarter of 2018, largely due to declining cryptocurrency prices.

Galaxy Digital CEO Mike Novogratz (CoinDesk)

Markets

Vaccine Blockchain Plan Prompts Enquiries Amid China Pharma Scandal

Following China's pharma scandal, investors are buying a firm's claim to be developing a vaccine-tracking blockchain, but one regulator isn't happy.

vaccine

Markets

Venezuela's New National Currency Will Be Tied to the Petro, Says President

Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.

Maduro

Markets

Iran Plans National Cryptocurrency as New US Sanctions Loom

Iran may soon issue its own cryptocurrency in a move aimed to bypass economic sanctions enacted by U.S. President Donald Trump.

iran riyal notes

Markets

Hitachi Trials Blockchain to Settle Retail Payments Using Just Fingers

Tech conglomerate Hitachi and teleco giant KDDI are piloting a blockchain payments system that can identify shoppers via their fingers alone.

hitachi

Markets

US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

A new bill facing the U.S. Congress would have FinCEN more closely examine the cryptocurrency space, according to public documents.

shutterstock_634024823

Markets

Rogue Employee Mined 500K Bitcoins in 2011, Qiwi CEO Says

An employee at Qiwi reportedly mined roughly 500,000 bitcoins in 2011 by hijacking the company's payment terminals, CEO Sergey Solonin said Wednesday.

Sergey Solonin, Chief Executive Officer of Qiwi, at St. Petersburg International Economic Forum SPIEF-2016

Markets

Tron Foundation Officially Completes Acquisition of BitTorrent

File sharing software provider BitTorrent announced Tuesday that its acquisition by the Tron Foundation is now officially complete.

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Markets

China's Answer to Reddit Is Launching a Crypto Token

One of the oldest social networking platforms in China is launching its own crypto token in an apparent bid to boost declining user activity.

Tianya Club forum