Crypto Lawyer Drew Hinkes Joins Firm to Help ICO Issuers Fight Back

Blockchain lawyer Andrew Hinkes is spoiling for a fight. The general counsel at investment bank Athena Blockchain and an adjunct business and law professor at New York University, Hinkes believes token issuers will soon start pushing back against regulatory enforcement actions and demanding clearer guidance, after mostly taking it on the chin for the last year or so. And when that happens, he’ll be in their corner. Revealed exclusively to CoinDesk, Hinkes has joined the blockchain and digital currency practice of the law firm Carlton Fields, where he will focus…

Crypto Lender BlockFi Cuts Interest Rates Paid to Largest Account Holders

BlockFi has changed the terms of its interest-bearing cryptocurrency deposit account just weeks after launching it. Beginning April 1, for accounts with more than 25 bitcoin or 500 ether, BlockFi will pay only 2 percent on the amount deposited above the threshold, not the originally advertised 6 percent, according to an email sent to customers March 20 and a company blog post that same day. “Due to the demand for our product, we’re making a few changes to our product pricing that will affect your account starting in April,” the company…

Bitcoin Futures Volume Is More Significant Than You Think, Bitwise Says

The bitcoin futures market is far larger, relative to the spot market, than previously thought, says Bitwise Asset Management. In a wide-ranging report which claims 95 percent of all reported bitcoin trading volume is faked, Bitwise says that nevertheless, the bitcoin “futures market is significant” when viewed in light of the remaining, genuine 5 percent of spot trading that occurs at regulated exchanges. The report was presented earlier this week to the U.S. Securities and Exchange Commission (SEC), which is currently reviewing a bitcoin exchange-traded fund (ETF) proposal Bitwise filed…

Duke University Collaborates for Blockchain Lab, Education Program

Duke University is teaming up with blockchain startup Citizens Reserve on an educational initiative aimed to develop students’ interest in blockchain technology. Citizens Reserve, a firm led by a team of former Deloitte blockchain employees, told CoinDesk Friday that it will jointly create a new incubation lab on Duke campus for students to work on real blockchain projects and host blockchain-focused events. The company will also support the university in putting together a curriculum on blockchain technology, as well as in connecting students with blockchain experts and helping them find…

You Can Now Donate to the Tor Project in 9 Different Cryptocurrencies

The Tor Project, a digital anonymity-focused nonprofit, is now accepting cryptocurrency donations directly, with donors able to take advantage of nearly 10 different options to send funds. A donations page on Tor’s website with a list of crypto addresses has been available since March 18. Tor fundraising director Sarah Stevenson told CoinDesk that the company had already accepted bitcoin for a number of years. What’s new is that previously, these donations were accepted through BitPay, a company that converts crypto payments to fiat before passing it on to its merchant…

The Crypto ‘Trichotomy’ – CoinDesk

Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM). The crypto space ain’t what it used to be. In the good old days when bitcoin was the only “cryptocurrency” around, life was much simpler. Then, a few other “currencies” came along, followed by ICOs and things rapidly got much more complex. Somewhere along the line, folks started paying as much or more attention to the technology underlying bitcoin as to bitcoin itself. Distributed ledger technology (DLT) or the “blockchain” suddenly became household words (well,…

UPS Targets B2B Sales With New Blockchain E-Commerce Platform

U.S.-based shipping giant UPS has announced a new blockchain integration aimed to bring business-to-business (B2B) sales into the digital age. Announced yesterday, UPS has inked a deal with e-commerce company Inxeption to develop a platform to facilitate business-to-business sales, one supported by blockchain technology. The platform, called Inxeption Zippy, will work as an online catalog for businesses, according to the UPS news page. UPS said that the integration of services is aimed to draw more B2B merchants into e-commerce, claiming that slow adoption of online selling resources directly impacts businesses that…

EOS First, TRON Second, Ethereum Third, Bitcoin Fifteenth

China has released its latest government-sponsored rankings of major cryptocurrencies on March 22, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot. Tron (TRX) came in second, after overtaking Ethereum (ETH) in February. The crypto rankings by China’s Center for Information and Industry Development (CCID) were first announced in May last year. In this eleventh edition of the index, EOS has remained as the top-ranked blockchain, a place occupied by the platform since June 2018. The eleventh CCID Global Public Chain Technology Evaluation Index puts Tron on the second spot, as…

Police Arrest Four More Suspects in Alleged $14 Million Crypto Scam

Law enforcement in Mumbai, India have arrested four more suspects allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India reported on the arrests on March 22. Per the report, the police arrested Ashok Goyal Jaipuria, Asif Malpani, Baljit Singh Saini and Pradeep Arora from Delhi. Several of Goyal’s bank accounts have been reportedly frozen as well, since he is allegedly the head of the scheme. The Times of India also states that an unnamed Bollywood actor who…

Metamask Browser Extension Default Settings Broadcast ETH Addresses to Visited Websites

Leading Ethereum (ETH) browser extension Metamask reportedly broadcasts ETH addresses to all websites a user visits in its default settings, a GitHub issue submitted on March 20 states. Metamask is a browser extension featured in the Brave browser — compatible with Mozilla Firefox, Google Chrome and Opera — that enables its users to interact with Ethereum-based decentralized applications (DApps). According to the aforementioned GitHub issue, Metamask broadcasts its users’ ETH address to all the websites visited in its default settings, with the post specifying that the ETH addresses are shown…