Crypto Highlights 19/04/2018

Kraken CEO we will not answer NYC AG’s enquiry

Jesse Powell, the CEO of cryptocurrency exchange Kraken, has made it clear the firm does not plan to answer the New York Attorney General’s inquiry into cryptocurrency exchanges.

Powell added “Why don’t you try extracting this information from those businesses actually operating in your state?”

Read more on CoinDesk.

Chinese police smash ‘Pyramid-Scheme’

An investigation by the Public Security Bureau Economic Investigation Detachment in China’s Xi’an district cracked a cryptocurrency pyramid scheme wide open, the team behind Da Tang Coin (DTC) allegedly defrauded investors of $13 million dollars selling he useless coin for $0.50. They made wild claims of guaranteed profits and hired a western chairman to appear more like a “high-tech multinational corporation” said police.

Read more on HSW.

Brazil investment firm to open OTC exchange

Bitcoin’s booming in Brazil according to local media, the countries biggest investment firm XP Investimentos is planning to open an over-the counter (OTC) cryptocurrency exchange.

Read more at Finder.

Riot Blockchain received SEX subpoena

Earlier this week Riot Blockchain received a subpoena from the SEC seeking “certain information from the company”. This comes as no surprise as Riot have long raised many red flags with worried investors citing canceled board meetings at the last minute, with insiders dumping right after the firm changed their name from Bioptix.

Read more at CNBC.

Pound backed currency would not be popular

Research has revealed 60% of British people surveyed would not support a Bank of England-backed cryptocurrency linked to the pound.

Read more at the Daily Express.

Crypto hacks rely on human error

A report carried out by security firm Proofpoint has found that human error is the biggest factor in crypto attacks being successful from fake domains to dodgy plugins they all rely on the user making a mistake.

Read more at Cryptovest.

Huobi to open London office

Singapore-based crypto exchange Huobi has announced plans to set up shop in London as it seeks to continue its expansion outside of Asia.

Read more at NEWSBTC.

Reserve Bank of India orders the shut down crypto

India’s central bank has started a crack down on the trading and purchase of cryptocurrencies in India, announced at there bi-monthly monetary policy press conference. The order gives institutions currently working with cryptocurrencies three months, this has not gone unchallenged by many exchanges and businesses operating in india who are starting joint legal proceedings.

Read more at Forbes.

Amazon might build crypto snooping tool

Amazon has filed and won a patent described as a “streaming data marketplace” which will allow authorities such as the police and government agencies to match cryptocurrency addresses to actual users based on multiple data points from 3rd party sources. This data could come from an exchange for example where a user would supply their identity documents, ip address, bank account information which could tie you to addresses used to fund and withdraw assets. Spooky, eh!

Read more at Motherboard Vice.

Dow jones Media Group partners with Brave Browser

Through partnering with web browser Brave, Dow Jones Media Group will test ways to distribute content and advertising as part of a promotion that offers readers free subscription-based content. The firm owns MarketWatch, Barron’s and Financial News. Brave Browser used BAT tokens which incentivises users to engage with the ads by paying them the currency.

Read more at Tech Crunch.

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