Crypto Daily News: OKEx Founder Arrested by Shanghai Police and Man Lost Life Savings When Bitcoin (BTC) Crashed

In today’s edition of Crypto Daily News, we’ll cover the details of OKEx’s founder being arrested by Shanghai police and the story on the man losing his life savings after Bitcoin (BTC) crashed. Crypto Daily News: September 11th, 2018 OKEx Founder Arrested The top crypto news today revolves around the latest reports of OKEx’s founder,…

SEC Hits Crypto Asset Fund and ‘ICO Superstore’ With Penalties

The U.S. Securities and Exchange Commission (SEC) said Tuesday that it has charged and reached agreements with two companies and their owners that operate in the cryptocurrency space. The securities regulator alleged that Crypto Asset Management LP (CAM) and its principal, Timothy Enneking, had marketed itself under false pretenses, alleging that Enneking raised more than…

Saudi British Bank Joins Consortium R3’s Global Blockchain Ecosystem

The Saudi British Bank (SABB) has become the first Saudi bank to join enterprise software firm and global banking consortium R3’s blockchain ecosystem, local news outlet Trade Arabia reports today, September 11.SABB enjoys a strong reputation, having reportedly been named by Global Finance magazine as the “Best Trade Finance Bank” in Saudi Arabia for the…

Car Retail Startup to Launch Blockchain Marketplace With Live Vehicle History Data

An automotive company based in London, United Kingdom, has developed a car-sales portal that is powered by blockchain technology. It features an exchange and marketplace that provides a detailed history of cars as well as data on trading and insurance risks associated with certain countries and cities.According to the Auto Block white paper, there are…

Gemini Launches NYDFS-Regulated Crypto Pegged to the Dollar

NEWS Sep 10, 2018 at 13:30 UTC  |  Updated  Sep 10, 2018 at 13:39 UTC Crypto exchange Gemini announced Monday that it is launching a dollar-backed stablecoin built on ethereum. The Gemini dollar is designed to provide liquidity for users hoping to send or receive U.S. dollars through the ethereum network, a press release stated. It will…

Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee September 7.In order to monitor threats and methods of terrorist financing, the hearing considered major means of transferring funds by terrorists, including…

12 Year Old Crypto Gaming CEO Signs Grammy Producer to ICO Crowdfunding Campaign

George Weiksner was only 11 years old when he launched his own crypto gaming company last year named Pocketful of Quarters. Yesterday, Weiksner announced via Market Watch that he has just signed on Grammy-winning producer Devo Harris to begin crowdfunding his initial coin offering (ICO). Devo Harris on Board Harris has worked with artists such…

Goldman Sachs CFO States Company ISN’T Ditching Bitcoin Trading Desk

If you’ve been monitoring the cryptocurrency market on a daily or weekly basis, you probably noticed that the market took a big nosedive this week. This is mostly due to the rumor going around mainstream media about Goldman Sachs (NYSE:GS) putting a stop to its Bitcoin exchange desk—a rumor that the Goldman Sachs CFO put a…

Energy Giant Engie Backs ‘Blockchain Studio’ With $2.3 Million Funding

NEWS Sep 7, 2018 at 18:30 UTC  |  Updated  Sep 10, 2018 at 02:11 UTC French energy company Engie and business consulting group Maltem are launching a new blockchain development spinoff for commercial clients, the companies announced Friday. Dubbed Blockchain Studio, the new venture will target clients in Asia and Southern Europe, Engie said in a…