SEC suspends the trading of three public "blockchain" companies
Kodak's ICO announcement typifies the rush to re-brand legacy corporations with all things blockchain. Not so fast, say the regulators.
"The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP), and Victura Construction Group Inc. (VICT) claimed that CHIT, PDXP, and VICT acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology among other things."
"Under the revised Payment Services Act, Japanese exchanges are mandated to register with Japan’s financial regulator, the Financial Services Agency, to acquire a special license before commencing operations. Exceptions are made for operational exchanges predating the new legislation. Coincheck is a notable example."
"More than 100 crypto mining companies have approached Hydro-Quebec, spokesman Marc-Antoine Pouliot told CTV News Montreal, and a few have already settled in the province. Notably, Pouliot said some farms would consume more than 20x the power required for Montreal's sports and entertainment complex, The Bell Centre."
"The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000."
"But Coinbase confirmed that only Visa cards experienced duplicate charges, and by Friday afternoon, Visa had begun initiating refunds to erroneously charged Coinbase customers. Still, it wasn’t clear why there seemed to be a glitch in resubmitting charges, with some transactions appearing to go haywire and repeating many times over."
"The paradoxical truth I'm driving at is that today's technologies of individualization are technologies of mass individualization. Customization can be surprisingly homogenizing."
"The report collapses the question of whether the government should mandate 'exceptional access' to the contents of encrypted communications with how the government could accomplish this mandate. We wish the report gave as much weight to the benefits of encryption and risks that exceptional access poses to everyone’s civil liberties as it does to the needs—real and professed—of law enforcement and the intelligence community."
Just learned @CharlieShrem never agreed to the Superconference. Being billed as a speaker is the new being an advisor to an ICO you never agreed too. @bitesizebitcoin never confirmed and @ErikVoorhees also not confirmed. We're entering empty rooms. Very disappointing tactics.— BTC Podcast Network (@thebtcpodcast) February 16, 2018
"The accounts compromised in July represent a tiny fraction of Snap’s 187 million active users. But the incident illustrates how sites set up to mimic login screens can do an outsized amount of damage — and how companies must increasingly rely on machine-learning techniques to identify them in real time."
Zcash releases the new Dev Update. Blog
SiaCoin demonstrates the testing of new download code.
Testing the new download code! Getting an average of 52.8 Mbps while downloading a 524 MB file. Download completed in 73 seconds.— Sia Tech (@SiaTechHQ) February 16, 2018
Happy Friday! pic.twitter.com/hjmOZi7Oxd
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