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.
Continue reading “Kim Dotcom’s Planned Token Sale Is Off, Says Bitfinex”
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.
Continue reading “North Korea Set Up a Blockchain Firm to Launder Cash: UN”
Binance may have taken another step toward launching a crypto exchange arm in South Korea.
Binance’s presence the Korean market was confirmed Friday by CoinDesk Korea, after the company registered Binance Co. Ltd. with local authorities on Oct 29.
Continue reading “Binance Enters Korean Market With New Business Entity”
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.
Continue reading “New Blockchain Tool Promises Verifiable Audits in 30 Seconds”