News

Kim Dotcom’s Planned Token Sale Is Off, Says Bitfinex

Bitfinex and a blockchain project launched by Kim Dotcom have “mutually agreed” to part ways, scuppering a planned initial exchange offering (IEO) for the controversial internet entrepreneur.

Citing the current “regulatory environment” and the “risks associated with raising funds” for the project, Bitfinex said in a blog post Wednesday that it was in the interest of its “community” not to host the sale of Dotcom’s kimcoin token.

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North Korea Set Up a Blockchain Firm to Launder Cash: UN

North Korea has been using a Hong Kong-based blockchain company to launder money, according to a quarterly report from the UN Security Council’s Sanctions Committee on North Korea.

As reported by South Korean newspaper Chosun, North Korea employed a shipping and logistics firm called Marine China, which runs on a blockchain platform, to avoid international sanctions by laundering stolen cryptocurrency.

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New Blockchain Tool Promises Verifiable Audits in 30 Seconds

Accounting and business consulting firm Armanino launched a new blockchain-based tool Wednesday promising firm-originated financial audits in seconds. Called TrustExplorer 2.0, the product is one of several promising to overturn how accounting is done within companies.

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