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According to public court documents, US Security Exchange Commission (SEC) and Canadian firm Kik has proposed a joint settlement to end the long legal battle between them. The settlement is now waiting for approval from the presiding judge Alvin K. Hellerstein. The case is related to securities law violations when Kik raised $100 million during its ICO launch in 2017. Last month, Judge Hellerstein ruled that Kik's ICO satisfied the famous Howey Test. Thus declared Kin token sale as an…

Social messaging platform LINE is set to develop a blockchain platform for Central Banks Digital Currencies (CBDC). Korean paper Chosun reported on Monday that LINE is in discussion with several Asian banks regarding the new development. The blockchain platform would enable the Central bank to launch CBDCs in a safe and scalable environment. Central Banks would also be able to add customizable features on the platform using different economic parameters. LINE has been proactive in its use of blockchain technology.…

For one thing, the cryptocurrency industry is filled with fraudsters looking to take advantage of crypto users' ignorance and mistakes. To stay at the top of their game, these bad actors are always looking for new ways to exploit unsuspecting victims.  More recently, a tweet revealed that scammers are transferring little amounts of free cryptocurrencies to their targets but with evil intent as always.  According to Crypto India, a cryptocurrency channel that focuses on the Indian crypto ecosystem, fraudsters have…

Several altcoins have built bridges with the decentralized finance (DeFi) industry in recent months. Dash (DASH) is no exception to this trend and has announced a partnership with staking platform StakeHound. StakeHound Partnership a defining one for Dash Dash revealed in a press release that the partnership with StakeHound would allow Dash users to access DeFi applications. StakeHound will serve as a bridge connecting Dash with the Ethereum Defi ecosystem. The partnership will also provide Dash users with DeFi benefits…

In recent news, the founder and administrator of Helix and Coin Ninja Larry Dean Harmon has been penalized $60 million by the Financial Crimes Enforcement Network (FinCEN). As per the news, Mr. Harmon has been penalized for violations of the Bank Secrecy Act (BSA) and its implementing regulations. As per FinCEN, Mr. Harmon is currently being prosecuted on conspiracy charges to launder monetary instruments and the operation of an unlicensed money transmitting business. This concerning his connection with Helix (2014-2017)…

In a recent announcement, Solve. Care has partnered with Chainlink. With this collaboration, the blockchain-based healthcare platform Solve. Care aims to integrate Chainlink's decentralized oracle network on its platform. Thus aiming to expand and leverage the role of smart contracts in the healthcare industry. Benefits of this partnership This partnership will allow Chainlink's decentralized oracle network to source and deliver the off-chain medical data. Thus allowing the execution of smart contract-based healthcare services. The partnership also emphasizes Chainlink's oracle's critical…

Binance Jersey, a fiat-to-crypto exchange targeting EU and UK traders, has been reportedly shutting down. As per the company's new announcement to Coindesk, Binance Jersey will disable all the local deposits on the 30th October platform. At the same time, the trading and remaining services will cease to run on 9th November. The announcement further states the hard shutdown along with disabling all the user accounts by 30th November. Started in January 2019 Based on the island of Jersey, the…

Crypto-asset brokerage Voyager Digital has announced the addition of NBA Legend Tracy McGrady to its team in a press release today. McGrady to promote Voyager McGrady will take the role of advisor and help educate investors on the services offered by Voyager. He will also take part in a giveaway promotion that will be offering a total of $2 million to the general public. New accounts that register under this promotion will be eligible for a $5 bonus. Commenting on the…

Alexander Vinnik, a Russian man charged with multiple crimes including Bitcoin fraud worth millions of dollars, will start his trial today in France, the Washington Post reported Monday. Vinnik, 41, was accused of using ransomware in a €135 million ($157 million) Bitcoin fraud. He now faces a trial in Paris on the count of extortion, money laundering, and criminal association. He could spend up to ten years in prison if found guilty. The French authorities claimed that the accused was…