The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Terraform Labs and its co-founder, Do Kwon, by submitting a demand for the company to pay civil fines and disgorgement in the amount of billions of dollars. The SEC has filed a petition in response to a judgement in a civil matter, … Continue reading SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon
The first licenced supplier of digital assets in El Salvador, Bitfinex Securities, is spearheading the nation’s first tokenized asset raising using the layer 2 Liquid Network of Bitcoin. Bitfinex Securities intends to use a tokenized debt offering in partnership with Inversiones Laguardia S.A. de C.V. to finance the construction of a new Hilton hotel complex … Continue reading Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development
Photo by Fancycrave on Unsplash Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards Zen Soo Celia Chen China’s market regulator has highlighted 11 cases of supermarkets and online platforms selling food products that did not meet national food safety standards, some of which are … Continue reading Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches
Following the article titled “Beware of Excel Files in Email Attachment, Says Symantec”, some of our readers are curious about how hackers use excel files to compromise user’s computers. Below is a simple tutorial for you. We do not recommend users to open excel (especially excel files among other office format files) from an unknown … Continue reading How Do Hackers Use Excel Files to Compromise Your Computers?
Following Part 1 of our interview, Jing Chen of Algorand further teaches our readers on how to ensure the randomness of a number in public blockchain! She also evaluates the existing Proof-of-Stake (POS) protocols: Delegated VS Bonded VS Pure POS! Regarding the white paper “Digital Signatures for Consensus” published on March 9, 2019, it states … Continue reading Exclusive: How to Ensure Random Numbers in Public Blockchain?
Polkadot has caught widespread attention among blockchain project investors recently. Founded by Ethereum Co-founder Gavin Wood and managed by Web3 Foundation, Polkadot recently completed its private token sale with 500,000 DOT tokens at the valuation of $1.2 bn. Claimed as the candidate of Decentralized Web 3.0 Blockchain interoperability platform, what makes Polkadot so popular? We … Continue reading Exclusive: How to Achieve Interoperability Between Polkadot and Bitcoin?
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money.” Donald Trump tweeted on 11 July. Exhibit 1. How Donald Trump views cryptocurrencies Source: Donald Trump Twitter The tweet came after the night of “Social Media Summit” which did not include any representatives from social media companies such as Facebook, Twitter or … Continue reading Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility
Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources. An approved application with the New York Department of Financial Services (NYFDS) will mean that FDAS will be able to offer custodial services for digital assets in the state of New … Continue reading New York State Trust License – Fidelity’s Step Towards Mass Crypto Adoption?
If we want to understand why blockchain will disrupt and uproot our current monetary and financial system, we need to understand the following: the history of currency; what is a currency; why currency exists; and the relationship between currency and wealth. Then we look at three key aspects (money form, money issuance, and the flow … Continue reading Fighting for Monetary and Financial Freedom
They used to say that Al Capone feared the Internal Revenue System (IRS) more than he feared the FBI. This fear proved to be well-founded, as tax affairs did precipitate Capone’s downfall. Capone’s troubles with the IRS illustrates this piece well, but with a 21st-century twist. We’re not talking about ill-gotten gains made through bootleg … Continue reading Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly