“As alleged, Sproule and Crowd Machine misled investors about how they were using ICO proceeds, spending funds on an entirely unrelated scheme,” Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit said in the statement. “We will continue to hold accountable issuers of digital asset securities who fail to provide fulsome and truthful disclosure to the public,” … [Read more...] about SEC Charges Founder of Crypto Startup Crowd Machine With Fraud
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Inside the DeFi Vending Machine
DeFi opens up a world of financial possibilities for those with access to stablecoins and cryptocurrencies regardless of their identity, nationality or location. The downside, for now, is that DeFi can be expensive for retail users. The fees for using the Ethereum blockchain, aka “gas fees,” can exceed $300 per transaction, no matter if you’re a so-called whale making a … [Read more...] about Inside the DeFi Vending Machine
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The Bank of China has shown a machine that converts foreign currencies into digital yuan, China Times reported today.The machine is likely in preparation for the 2022 Beijing Winter Olympics, when the central bank digital currency (CBDC) is set to be introduced to the rest of the world.Users need to link their passports to the transaction, but don’t need a bank account, … [Read more...] about Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
Neon Labs deploys cross-chain Ethereum Virtual Machine on Solana
Blockchain developer Neon Labs has created a compatibility bridge between Ethereum and Solana, opening the door to more cross-chain development opportunities for Ethereum programmers.Neon’s Ethereum Virtual Machine, or EVM, has deployed via testnet on Solana, the company announced Tuesday. The EVN grants any decentralized application on Ethereum access to Solana’s high … [Read more...] about Neon Labs deploys cross-chain Ethereum Virtual Machine on Solana
China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
China’s crackdown on Bitcoin (BTC) mining continues to face determined responses across the crypto ecosystem. One of the first BTC exchange operators and co-founder of Zap Protocol, Nick Spanos, said that the crackdown only proves Bitcoin is an unstoppable machine “if the world’s second-biggest economy can’t crush, devalue and manipulate Bitcoin.”Noting that the crackdown is … [Read more...] about China proves Bitcoin is an unstoppable machine: Bitcoin Center founder