During a tense Senate Banking Committee hearing on Tuesday, in which Facebook blockchain lead David Marcus was skewered over the social media company’s ambitious Libra project, Sen. Mike Rounds (R-S.D.) started his remarks with a brief announcement: “Mr. Marcus, thanks very…
Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested…
Ethereum co-founder Joseph Lubin could soon be sued by a former employee, according to court documents filed in New York. Harrison Hines, former head of Token Foundry at Lubin’s Brooklyn-based venture studio ConsenSys, began the process of filing a legal…
Dmitri Vasilev, the former CEO the now defunct crypto exchange WEX, was arrested Friday in Italy, the BBC’s Russian Service reported. The publication cites Vasilev’s acquaintance and two anonymous investors in WEX who told BBC about the arrest. The attaché…
Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark. According to filings with the Korean Intellectual Property Office (KIPO), an application to register the trademark in both English…
In a daring, if baffling, evening raid thieves allegedly broke into the so-called Bitcoin Embassy on Formans Road in the U.K. city of Birmingham. The thieves attacked at 10pm on July 15, according to the Birmingham Mail. Recorded and posted…
A ransomware virus that has successfully infiltrated more than 100 government and private enterprises in the U.S. and internationally has been detected in China, according to a recent Tencent Security report. Dubbed Ryuk, the pernicious code targets “logistics companies, technology…
[embedded content] Joel Telpner, Chair of Fintech and Blockchain Practice Group at Sullivan & Worcester LLP, isn’t surprised that Facebook is getting a grilling on Capitol Hill. In fact, he’s pleased. “These are attacks on Facebook itself that really has…
Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. The sudden rally could be associated with the massive unwinding…
U.S. lawmakers repeatedly pressed Facebook’s top blockchain executive to halt development of the Libra cryptocurrency during a contentious hearing on the project Wednesday. They didn’t get far. David Marcus, the CEO of Facebook’s subsidiary Calibra, reiterated his promise that Libra…