Bithumb Ordered to Pay Millions in Damages for Service Outage
Bithumb has been ordered to pay each of the 132 investors damages according to South Korean news agency Yonhap. The crisis surrounding the South Korean bitcoin exchange Bithumb has continued, and this time, local courts have issued a judgement.The South Korean Supreme Court’s decision that the exchange must compensate investors for a 1.5-hour service disruption […]
California cannabis producer adopts blockchain to track its weed
A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants. Mendocino Clone Company, a cannabis nursery, was included in a Jan. 13 cooperation announcement from the EMTRI project and tech company Global Compliance Applications. By utilizing the blockchain capabilities of the project, a batch certificate will […]
Binance to permit institutions store crypto with cold custody
The Mirror service is based on Binance Custody and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account. Amid the centralized cryptocurrency exchanges (CEX) crisis, crypto exchange Binance is moving to improve its institutional trading services with cold-custody opportunities. The official launch of Mirror, an off-exchange settlement solution that enables institutional investors […]
Four Bulgarians charged in probe of crypto lender Nexo
Four people have been charged with money laundering, tax crimes and computer fraud in a criminal investigation embroiling the crypto lender Nexo. Prosecutors reportedly filed four charges less than 48 hours following a raid on the offices of bitcoin lender Nexo in Sofia, Bulgaria. Authorities have accused four citizens of Bulgaria of forming an organized […]
Celsius mining announces sale of $1.3M worth of mining equipment
The mining arm of crypto lender Celsius Network has announced a sale worth $1.3 million for their mining equipment. A notice for the sale of mining equipment valued at $1.3 million has been published by Celsius Network’s mining division as part of the company’s bankruptcy proceedings. Celsius reports that it will be selling 2,687 MicroBT […]