Blockchain outfit Blockstack has raised $23 million in a Securities and Exchange Commission-approved token sale, the first time an ICO has been approved by the regulator.
In June, the Commission granted the decentralised app platform permission to sell its tokens under Regulation A+ -- an exemption that allows smaller companies to raise up to $50 million from the public and not just accredited investors. Compared to traditional IPOs, Regulation A+ offerings have lenient disclosure requirements.
The former AWS employee who allegedly hacked Capital One bank in July has been accused of breaching the bank's cloud servers to mine cryptocurrency.
Paige Thompson - who went by the online moniker "erratic" - was indicted yesterday for stealing data from Capital One and 30 other entities, and has been charged with wire fraud, and computer fraud and abuse, according to Seattle court documents.
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The ICO has signed a joint statement with other data protection authorities calling for more information about how Facebook will use financial data The Information Commissioner’s Office (ICO) has raised privacy concerns over Facebook’s new digital currency, Libra. Information Commissioner Elizabeth Denham has signed a statement alongside counterparts from the US, Canada, Australia and the... Read More
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IBM has onboarded numerous Fortune 500 companies to the permissioned network IBM has partnered with enterprise blockchain specialist Chainyard on a blockchain network designed to improve supplier qualification, validation and life cycle information management. The permissioned-based data sharing network, called Trust Your Supplier, will store important business documents, including ISO certification, bank account information and... Read More
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Digital, Culture, Media and Sport Committee chairman Damian Collins fears Libra could be open to fraud, according to a report A probe into Facebook’s digital currency plans is being considered by MPs, it has been reported. Concerns have been raised over the social network’s intentions to start a cryptocurrency called Libra, which will be run... Read More
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Ken Moore said Mastercard believed the social network was trying to remove some of the challenges around cryptocurrency Facebook’s new digital currency has “good intentions” in wanting to remove some of the challenges around cryptocurrencies, a Mastercard executive has said. The social network has announced plans to launch its Libra digital currency as part of... Read More
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Executive David Marcus faced criticism from the Banking, Housing and Urban Affairs Committee The chief of Facebook’s new digital currency has said it understands “loud and clear” that people do not want financial details connected to their social media data. David Marcus was grilled by US senators who expressed concern about Facebook’s planned cryptocurrency Libra,... Read More
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Facebook stressed it will not control the new digital currency and users don’t need to trust Facebook in order to use it Facebook will not control the new Libra cryptocurrency it has launched or the network around it, the social media giant’s lead on the project has said. David Marcus said Facebook will have no... Read More
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Nestlé wants to make its supply chain data accessible to everyone Food giant Nestlé has launched a blockchain platform that allows consumers to track the journeys made by food they purchase. The company, which is one of the world’s largest food companies by revenue, is working with OpenSC on the initiative. OpenSC was founded by WWF-Australia... Read More
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