Italian Bankruptcy Court Rules BitGrail CEO is Directly Liable for Millions in Customers’ Losses

Italian Bankruptcy Court Rules BitGrail CEO is Directly Liable for Millions in Customers’ Losses BitGrail, a cryptocurrency exchange that was recently the subject of a second class-action lawsuit, has found no relief in an Italian bankruptcy court. According to unverified documents published by a victims group, the Bankruptcy Division of the Court of Florence has…

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Two Groups Have Dominated Cryptocurrency Hacks, Raking in $1 Billion: Chainalysis

Two Groups Have Dominated Cryptocurrency Hacks, Raking in $1 Billion: Chainalysis Blockchain analysis firm Chainalysis has disclosed that just two groups benefited from the majority of cryptocurrency hacks that have occurred to date.Per The Wall Street Journal, the two hacking groups could have obtained as much as $1 billion in cryptocurrencies. Since bitcoin came into…

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Iran Could Announce a State Cryptocurrency to Evade US Sanctions Today

Iran Could Announce a State Cryptocurrency to Evade US Sanctions Today As U.S-imposed sanctions continue to cripple Iran economically, the Islamic state is reportedly on the verge of announcing its state-backed cryptocurrency.The ability of Iranian financial institutions to conduct transactions and relate with the rest of the world has been shackled since the sanctions were enforced…

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The New Digital Asset Financial Service, VELIC aims to be FRB in the ICON’s Global DApp Ecosystem

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned…

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Exclusive: Komodo GM Explains How to Build on Bitcoin without Being Constrained by It

Exclusive: Komodo GM Explains How to Build on Bitcoin without Being Constrained by It CCN had a moment to speak with Ben Fairbank, the general manager of Komodo (KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications.Komodo enables tokenized systems to…

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Turns out Venezuela’s Oil-Backed Petro Cryptocurrency is Real after All

Turns out Venezuela’s Oil-Backed Petro Cryptocurrency is Real after All In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN recently got our hands on some tokens.Venezuela’s Petro Cryptocurrency ExistsEver since…

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Huawei Faces Criminal Charges, Officials Say This Won’t Hurt US-China Trade Talks

Huawei Faces Criminal Charges, Officials Say This Won’t Hurt US-China Trade Talks The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager.Justice Department Charges HuaweiThe indictment alleges that Huawei, two affiliated companies, and its chief financial officer Meng Wanzhou committed fraud and conspiracy…

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SEC Wins Mammoth $1 Billion Judgment Against Woodbridge Group Ponzi Scheme

SEC Wins Mammoth $1 Billion Judgment Against Woodbridge Group Ponzi Scheme The U.S. Securities and Exchange Commission (SEC) announced Monday that a federal court in Florida had ordered Woodbridge Group of Companies LLC to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors.Penalties are fines paid to the governing…

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