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Two California men agree to plead guilty to fraud charges in connection with $1.8M ICO

Two California men agree to plead guilty to fraud charges in connection with $1.8M ICO

The Justice Department said Friday that two men from Orange County, California, have agreed to plead guilty to securities fraud charges in connection with a $1.8 million initial coin offering.

The post Two California men agree to plead guilty to fraud charges in connection with $1.8M ICO appeared first on The Block.

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Bitcoin network undergoes largest difficulty drop ever by nearly 28%

The Bitcoin network has adjusted its mining difficulty to accommodate the recent major drop in hash rate, and keep blocks producing on time.

The post Bitcoin network undergoes largest difficulty drop ever by nearly 28% appeared first on The Block.

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Beeple’s new platform is trying to record ‘moments’ on the blockchain

WENEW is a new venture popular digital artist Beeple co-founded to provide buyers with context into why a tokenized collectible is valuable.

The post Beeple’s new platform is trying to record ‘moments’ on the blockchain appeared first on The Block.

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A conversation with a ‘chief ransomware negotiator’

Quick Take

  • A few years ago Karen Sprenger stepped in to negotiate with a ransomware group that had attacked one her company’s clients. Since then she has been the company’s chief ransomware negotiator.
  • What exactly does a ransomware negotiator do? The Block connected with Sprenger to find out. 

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Bank for International Settlement researchers find that crypto investment doesn’t require special policy

The BIS research also identified correlation between various demographics and crypto ownership.

The post Bank for International Settlement researchers find that crypto investment doesn’t require special policy appeared first on The Block.

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Greenidge is setting up a new bitcoin mine in South Carolina

As with its earlier location, Greenidge plans to offset carbon emissions, but bitcoin’s energy usage remains a hot-button issue.

The post Greenidge is setting up a new bitcoin mine in South Carolina appeared first on The Block.

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EY releases code for zero-knowledge Layer 2 protocol built on Ethereum

“Big Four” consultancy EY said Friday that it is open-sourcing the prototype code for Nightfall 3, a Layer 2 protocol focused on Ethereum scaling that, like the firm’s past releases, utilizes zero-knowledge proofs. 

The post EY releases code for zero-knowledge Layer 2 protocol built on Ethereum appeared first on The Block.

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Grayscale adds significant weighting to Cardano in its large cap fund

Investment firm Grayscale has added cardano to its large cap fund, giving it a respectable weighting ahead of bitcoin cash and litecoin.

The post Grayscale adds significant weighting to Cardano in its large cap fund appeared first on The Block.

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Crypto exchange Bithumb bans employees from trading on its platform

South Korean cryptocurrency exchange Bithumb has banned its employees from trading on its own platform.

The post Crypto exchange Bithumb bans employees from trading on its platform appeared first on The Block.

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China’s new digital yuan test shows it can be programed to confine utility

Chengdu is having its second giveaway campaign of the country’s central bank digital currency. But this time there’s a notable difference.

The post China’s new digital yuan test shows it can be programed to confine utility appeared first on The Block.

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