• Bitfinex repays tether
    Technology

    Bitfinex CEO says $850 million NY Attorney General called ‘lost’ was actually seized

    Weekend email to crypto exchange’s users does not say how or why those funds were seized by authorities of four countries including the U.S. and U.K.

    In disputing the New York State Attorney General’s claim that embattled cryptocurrency exchange Bitfinex and stablecoin-issuer Tether have lost $850 million, the CEO of the two firms’ parent company has raised a bigger question: why have four governments, including the U.S. and U.K., seized its money?

  • Fingerprints
    Politics

    Opinion | Why we need a blockchain-based Social Security number

    Blockchain technology offers a practical solution to solve a massive looming problem

    There are a number of failed old technologies which we live with every day. Some are jokes (such as the story that train tracks are based on Roman war chariots), but some are real,like the fact that social security numbers (SSN) were created in 1936 exclusively track of earnings. Since 1936, Social Security numbers have been adapted to be a unique identifier for each person in the U.S. This number is used to open bank accounts, track credit history, apply for employment, apply for security clearances, etc. The number is often issued at significant moments for an applicant—around birth or entry into the United States, for instance—and usually never changes…