Commissioner Hester Peirce Agrees with Telegram CEO Pavel Durov’s Criticism of SEC

Commissioner Hester Peirce, affectionately knowns as ‘CryptoMom’, believes the SEC’s court victory over Telegram was inappropriately reached and has further stifled innovation for the United States. Securities and Exchange Commissioner (SEC) Hester Peirce spoke out against the SEC’s motivations and actions in prohibiting the Telegram Open Network from distributing Gram tokens anywhere in the world. In her speech at Blockchain Week Singapore on July 21, Crypto Mom Peirce discussed the role and responsibilities of the SEC, and her sentiments on the decision against TON appeared to echo those expressed by…

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China Has Kickstarted the Experimentation of a Blockchain Pilot in its Equity Trading Industry

The China Securities Regulatory Commission (CSRC) has kickstarted the experimentation of a blockchain pilot for the equity trading industry in the country. The China Securities Regulatory Commission issued a letter on July 7, approving five regional equity markets, including centers in Beijing, Shanghai, Jiangsu, Zhejiang, and Shenzhen.  Announced by the Beijing Local Financial Supervision and Administration, CSRC will be assisting the Beijing Equity Trading Center for the blockchain pilot. As of June 30, 2020, Beijing’s Equity Trading Center has served more than 1000 unlisted joint-stock companies, and have held equity…

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Wanted Wirecard Exec Marsalek Hiding in Russia After Moving Funds in Bitcoin

Former Wirecard Chief Operating Officer Jan Marsalek used Bitcoin to move funds to Russia where he is now in hiding, according to a Russian media outlet. Jan Marsalek, the former Chief Operations Officer of the now-defunct German Wirecard payments allegedly sent Bitcoin (BTC) from Dubai into Russia, where he is now reported to be hiding. According to a local Russian media report on July 20, Jan Marsalek is hiding from German and Austrian authorities in a private house outside of Moscow under the watch of Russian intelligence operatives. The amount of BTC cryptocurrency Marsalek…

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LG Shows off Blockchain-powered Farming System at Seoul Metro Station

South Korean electronics giant LG has created a very public showcase for its blockchain-powered food and agriculture traceability platform – at one of Seoul’s busiest subway stations. Per Paxnet, LG’s telecoms subsidiary LG U+ and its IT services arm LG CNS have teamed up for the venture, which will see the companies create a “smart farm” within Sangdo Subway Station. The station sits on Line 7 of the capital’s subway system and is located in Dongjak, an affluent south-central region of the South Korean capital. The smart farm will be kitted out with the latest in high-tech…

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Phase 0 of Ethereum 2.0 Has Another Possible Launch Date – November

Ethereum 2.0 (ETH 2.0), or Serenity, is “well on track” for a launch later this year, according to Afri Schoedon, release manager at blockchain infrastructure company Parity Technologies and ex-Ethereum developer – and unless there is a critical problem found, there is no reason to push it to 2021. Speaking to Paradigm, “the pioneer of ETH2 multi-clinet testnets,” as the investment firm focused on blockchain and cryptoassets described him, said that the Ethereum 2.0 beacon chain will launch in November unless “severe bugs” are found in clients or protocol. “I’m in-between Vitalik [Buterin] and Justin [Drake]…

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‘Prohibitively Expensive’ Ethereum Network Fees ‘Are Healthy’

thereum (ETH) users are paying higher than normal fees for transactions on the network, per a new report – to the extent that some token holders are holding fire on making ETH dealings. According to the latest CoinMetrics-produced State of the Network report, the past week has seen a drop in the amount of “unique active ETH addresses” – despite the fact that there has actually been a seven-day average increase in the number of transactions carried out on the Ethereum network. The report’s authors noted, “High fees can make it prohibitively expensive…

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K-pop Star Kwon Hyun-bin to Appear in ‘Crypto-themed’ K-drama Series

A South Korean K-drama series that focuses on blockchain, cryptocurrency and – of course – romance, is set to air in October. Its makers have confirmed that K-pop star Kwon Hyun-bin will play the male lead. The drama is set to commence filming this month and, per its producers, quoted by media outlets such as Sports Donga, it will be named Romantic Hacker. The drama will center on a hack at a fictional crypto trading platform named the Jeju International Crypto Exchange. Kwon will play the role of Jaemin, a genial college student with…

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Putin’s Biggest Critic Received 648 Bitcoins from Donors Since 2016

Russian “anti-corruption” political activist Alexei Navalny’s support organization has amassed USD 3.3 m worth of bitcoin (BTC) in donations, per a new report. Navalny is known as one of President Vladimir Putin’s most vociferous critics and his Shtab Navalny organization claims to “conduct investigations, fight for the environment, nominate independent candidates for local elections and conduct social and political campaigns.” The platform began accepting bitcoin donations in 2016, and calls itself “the main political opposition force in the country.” Per media outlet RBC, which quotes blockchair.com data, Navalny’s organization has received a total of BTC 648 since…

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NFTs on Samsung, Taxing Crypto Loans, BTC Transaction Risk Score + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. NFTs news The makers of the blockchain-powered VR game Decentraland (MANA) said that their Marketplace app has been added to the Samsung Blockchain Wallet, a feature of Samsung’s most recent smartphone releases. Per an official post, Decentraland stated that the move would “allow the safe storage of non-fungible tokens (NFTs)” as well enabling trading for its LAND in-game currency and Decentraland NFTs. Tax news While borrowing and lending dollars doesn’t typically result in…

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