It has been discovered that a total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced, with an additional 29,000 bitcoins potentially facing a similar fate in the near future. The traceable coins, which are worth at more than $280 million (4 billion rand), mark a potential breakthrough for MTI investors who…
Korean Banks Released From Liability for Crypto-Related Crime
South Korean banking institutions have reportedly demanded immunity from prosecution for crimes involving cryptocurrencies, such as money laundering. According to local media reports, banking regulators are currently working on legislation that will absolve Korean banks of duty when it comes to screening the crypto exchanges with which they do business. New Guidelines to Ensure South…
US Man Selling Bitcoin Without License Faces 5 Years in Prison
A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The…
Jack Dorsey Hints at Lightning Network Integration on Twitter
Yesterday, Twitter CEO Jack Dorsey hinted at the prospect of integrating Lightning Network into the platform. Dorsey responded to a follower’s Tweet, stating that it was “only a matter of time” before this became a reality. Dorsey is a strong supporter of Bitcoin and has integrated it into another of his firms, Square. Jack Dorsey…
Funding Roundup: Innovative Projects Attract Bigger Sums from Global VCs and Angel Investors
Amidst the stratospheric rise of defi and heightened demand for unique and innovative solutions, the global community of angel investors and VC firms is continuously engaging in private funding rounds and token sales. The resulting flood of capital demonstrates that entrepreneurs and startups play their part in developing a new generation of blockchain technology. Balancer…
Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency
Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto,…
Competitive Pay: What It Means and How To Receive It
Competitive Pay: Anyone who has spent time looking for work may have come across the same hiring buzzwords again and over again. “Competitive pay” is a phrase that is frequently used in job descriptions to attract top personnel. While these two words are appealing to people trying to increase their earning potential, it is not…
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to…