ShipChain Pushes Back Against Securities Violations Claims

ShipChain Pushes Back Against Securities Violations Claims Supply chain startup ShipChain claims it was unaware its SHIP tokens were available to South Carolina residents in its first public response to the state’s cease-and-desist order. The blockchain company said in its statement that “ShipChain does not believe that [its] tokens are securities,” responding to an order issued by…

Bank of Spain Governor: Cryptocurrencies Pose ‘More Risks Than Benefits’

Bank of Spain Governor: Cryptocurrencies Pose ‘More Risks Than Benefits’ The head of Spain’s central bank believes in blockchain technology, but is far more uneasy about cryptocurrencies. Banco de Espana governor Luis Maria Linde discussed cryptocurrencies during a recent speech organized by auditing firm Deloitte, saying that they “present more risks than benefits.” That being…

Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems

Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph. D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement…

Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales

Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales Singapore’s central bank said today, May 24, that it had issued a warning to eight cryptocurrency exchanges over securities compliance and ordered an ICO to stop issuing tokens. In a press release, the Monetary Authority of Singapore (MAS) reiterated operators in the city-state “are responsible for ensuring that…

Thai Cryptocurrency Experts Engage the Government Regarding Taxation Guidelines

Thai Cryptocurrency Experts Engage the Government Regarding Taxation Guidelines Cryptocurrency regulation has always been a rather controversial topic. It is, by default, nearly impossible to effectively regulate an industry which is decentralized and has no central entity. Even so, officials in Thailand are looking to make inroads in this area. They will meet with blockchain…

Report: Crypto-Jacking Is on the Rise, Overtaking Ransomeware as Preferred Method of Attack

Report: Crypto-Jacking Is on the Rise, Overtaking Ransomeware as Preferred Method of Attack As cryptocurrencies continue to increase in popularity and adoption, investors and users are experiencing an increase in malicious coin miners that utilize the semi-anonymity offered by cryptocurrencies for financial gain. ITWeb Security Summit  This is according to Helge Husemann, product manager for…