• Hacked crypto exchange sues Binance
    Cryptocurrencies

    Hacked crypto exchange sues Binance for allegedly laundering the stolen funds

    Japanese cryptocurrency exchange Fisco claims that Binance “either intentionally or negligently failed to interrupt the money laundering process when it could have done so.”

    Calling Binance the “‘go-to’ location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency,” Fisco’s complaint alleges that the thieves who stole $63 million in bitcoin, bitcoin cash, and monacoin laundered approximately $9.4 million of it through Binance.

  • digital yuan mandatory
    Cryptocurrencies,  Regulation

    Acceptance of China’s upcoming digital yuan mandatory

    Businesses and individuals will be required to accept the central bank digital currency once it is launched, according to a representative of the People’s Bank of China

    As a consequence of it being classified as part of the cash supply, the upcoming CBDC will have to comply with the laws that currently regulate cash. This includes the mandatory acceptance of the digital currency as a means of payment.

  • Dorsey launches Crypto Open Patent Alliance
    Cryptocurrencies,  Technology

    Twitter CEO Jack Dorsey launches ‘Crypto Open Patent Alliance’

    Dorsey’s Square payments firm is putting all of its cryptocurrency patents into a shared open library, hoping to attract others to the fight against patent trolls

    According to Square Crypto, “there is growing concern that ‘patent lockup’ could stifle innovation and adoption from bitcoin to the most obscure cryptocurrency.”

  • FutureICX gamified trading platform
    Cryptocurrencies,  Technology

    Crypto startup FutureICX allows inexperienced traders to bet on price movement with low risk

    The users of the new Icon-based decentralized exchange can earn regardless of the price going up or down—as long as their predictions are a little better than the next guy’s.

    “Because FutureICX doesn’t require actual buying and selling of cryptocurrencies, it doesn’t matter if the pair’s price goes up or down, as long as players can accurately predict what will happen.”

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