Headlines 

Following a Tuna from Fiji to Brooklynon the Blockchain

I had just learned everything there was to know about the fish in front of me. Now a small part of its fleshy, red body was in my mouth. Five minutes earlier, I saw a video showing the waters in Fiji where it was caught, where it traveled on ice, and how exactly it ended up inside a sushi hand roll. The massive yellowfin tuna had been tracked across the globe via the Ethereum blockchain. Each stop on the fish's journey, from the landing dock to the processing facility to…

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Odds and Ends 

Exit scammers run off with $660 million in ICO earnings

A Vietnamese cryptocurrency company Modern Tech launched an ICO for its Pincoin token, raising $660 million from approximately 32,000 people. The company first ran the Pincoin ICO, promising constant returns to investors, and then launched another token, iFan (a social network token for celebrities). Picoin investors first received cash from their investment and then the team began paying out rewards to Pincoin investors in iFan tokens. Then the team disappeared. This so-called exit scam could be that largest in recent memory and is also indicative of what’s to come in…

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George Soros Prepares to Trade Cryptocurrencies

The family office is said to have recently approved trading Soros called the digital assets a ‘bubble’ in January George Soros called cryptocurrencies a bubble in January. Now his $26 billion family office is planning to trade digital assets. Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment. Soros, Read more: Crypto Hedge-Fund Bubble Begins…

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Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

Japan’s FSA warns Binance for operating without a license Biggest cryptocurrency fell 4.5% after news first reported told Bloomberg in January that it was working to acquire a license in Japan, but the warning could complicate those efforts. Zhao said on Thursday that the exchange is “engaged in constructive dialogue” with the FSA. While Binance was founded in Hong Kong last year, Zhao has said that his company does not currently have a legal headquarters anywhere in the world.

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Headlines 

Massive Cryptocurrency Heist Spurs Calls for More Regulation

At 2:57 a.m. on Friday morning in Tokyo, someone hacked into the digital wallet of Japanese cryptocurrency exchange Coincheck Inc. and pulled off one of the biggest heists in history. Three days later, the theft of nearly $500 million in digital tokens is still reverberating through cryptocurrency markets and policy circles around the world. The episode, disclosed by Coincheck executives at a hastily arranged press conference on Friday night, has heightened calls for stricter oversight at a time when many governments are working out how to regulate the booming cryptocurrency exchange…

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Odds and Ends 

Telegram plans multi-billion dollar ICO for chat cryptocurrency

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. The launch will be funded with an enormous Initial Coin Offering, with forthcoming private pre-sales ranging into the hundreds of millions, potentially making it one of the largest ICOs to date. Demand is driven by the…

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Odds and Ends 

The company called Blockchain raises $40 million

Blockchain (the company) just raised a $40 million Series B funding round led by Lakestar. Blockchain has been working on the most popular bitcoin wallet in the world. You can open a wallet on the companys website or through its mobile apps. GV, Nokota Management, Digital Currency Group and existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin and Sir Richard Branson also participated in todays funding round. This is quite a significant funding round for a cryptocurrency startup. Blockchain is surfing on the hype surrounding bitcoins, ethers,…

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