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Golem Execs Depart to Pursue ‘Riskier’ Research With New Non-Profit
news Executives from multi-million dollar startup Golem Factory are launching a new non-profit initiative called the Golem Foundation to pursue more ambitious research and development opportunities. As stated in a June 28 blog post by Julian Zawistowski, CEO of the Golem Factory, the aim of the Foundation is to “strive for new – perhaps innovative…

Genesis Trading Buys Crypto Custodian Vo1t in Bid to Become Prime Broker
May 21, 2020 at 13:00 UTCUpdated May 21, 2020 at 13:14 UTCGenesis Trading CEO Michael Moro speaks at Invest: Asia 2019. (Credit: CoinDesk archives)Digital currency trader and lender Genesis Global Trading is moving toward full-service prime brokerage with the acquisition of crypto custodian Vo1t, the company announced Thursday.The New York-based trading firm, which is a…

Fake MetaMask App on Google Play Store Hosted Crypto Malware
news A form of malware that replaces victims’ cryptocurrency wallet addresses has been discovered for the first time in an app on Google Play Store. Security firm ESET published a blog post on Friday, saying that the malware, known as a “clipper,” intercepts the content of the clipboard and, if it finds the addresses of…

Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire
news Protestors set fire to paramedic-turned-bitcoin entrepreneur Sphelele “Sgumza” Mbatha’s home, following the collapse of his Ponzi-like “investment scheme,” according to Ladysmith Gazette. Mbatha’s company, Bitcoin Wallet, promised investors 100-percent returns by investing South African rand in cryptocurrencies. Before shutting down the operation on July 4, Mbatha was believed to have been taking in more…

Ethereum Classic Tops $2 Billion to Set New 2018 Price High
The price of ether classic, the cryptocurrency that powers ethereum classic, is on the rise at press time amid news of major exchange listings.

Bank of England Building Payments Network to Support a Potential Digital Pound
Jul 30, 2020 at 14:13 UTCUpdated Jul 30, 2020 at 14:43 UTCThe Bank of England’s upcoming settlement service is being designed to support a possible central bank digital currency (CBDC). CoinDesk has learned the BoE will ensure its redesigned real-time gross settlement service (RTGS), the payments network used by U.K. financial institutions, can be forwards…

Wallet Provider Blockchain Sues Crypto Startup Days Before ICO
Luxembourg-based cryptocurrency wallet provider Blockchain has filed a lawsuit against a startup with a similar name, the company announced Thursday. Blockchain – formerly known as Blockchain.info – is suing Blockchain.io just days in advance of the latter's initial coin offering (ICO) over concerns that investors may believe they are buying tokens distributed by the wallet distributor, according…

UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October
The FCA has issued more than 1,000 warnings to crypto firms since rules on financial promotions for crypto companies took effect on Oct. 8 last year. FCA actions have resulted in the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator's director of consumer investments, told CoinDesk. The U.K.'s Financial Conduct Authority