Business

Judge Rejects Multimillion Dollar Asset Plea in Crypto Fraud Case

[ad_1] A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency fraud case.The defendants had filed to set aside an interim preservation order that was issued by the British Columbia Civil Forfeiture Office in order to prevent case-related assets from being sold or accumulating debt.Vancouver news daily The Province reported
BLOCKCHAIN

Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications

[ad_1] Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet. Huobi Group shared the announcement with Cointelegraph on Aug. 19. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal. The Maker project is a combination of its stablecoin, collateral loans and community governance.MakerDAO is a type of decentralized autonomous organization (DAO), which is an organization that is
BLOCKCHAIN

Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

[ad_1] The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country.Israeli business news outlet Calcalist reported the development on Aug. 19. According to the report, the authority has launched dedicated industry teams, some of which specialize in blockchain companies.  According to the report, the authority is hoping to foster
Business

New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

[ad_1] Disclaimer: This story is breaking and will be updated shortly with further details.The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex.According to a report by The Block on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors. Issues of jurisdiction had previously been
BLOCKCHAIN

Software Engineering Firm EPAM Joins Blockchain in Transport Alliance

[ad_1] Software engineering and IT consulting services firm EPAM Systems Inc. has joined the Blockchain in Transport Alliance (BiTA) that develops blockchain practices and standards in the transportation, logistics and supply chain industry.According to a press release on Aug. 19, EPAM determined 21 real-world use cases of blockchain tech in industries such as life sciences, transportation, logistics, agriculture, consumer packaged goods, manufacturing and retail, insurance and healthcare. The BiTA will
BLOCKCHAIN

Binance iOS App Listed on Apple App Store After Delay for Review

[ad_1] Major global crypto exchange Binance has got its iOS application listed on the Apple App Store.In a blog post on Aug. 19, the exchange announced that the Binance iOS App (V1.7.1) has returned to the App Store.Prior to the official announcement, Binance CEO Changpeng Zhao revealed the news in a tweet on Aug. 17, stressing that the process of getting listed on the App Store was tough and probably