AriseBank CEO Pleads Guilty to Scamming $4.2 Million From His Clients

The CEO of AriseBank has pleaded guilty to scamming $4.2 million from hundreds of investors. Jared Rice Sr. was initially looking at over 120 years behind bars for all the charges he faced. However, according to a report by Dallas News, he only faces 20 years for one count of securities fraud.  Rice had duped the…

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Australian crypto dealer sued for losing clients’ $14 million

An Australian crypto dealer faces charges in the country’s supreme court after losing his clients more than AU$20 million ($14 million). The dealer, Stefanos Papanastasiou is renowned as the crypto guy for Australia’s infamous drug dealing former football coach, Mark ‘Bomber’ Thompson. Papanastasiou, also known as Papas, got into the crypto game in 2017, a…

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This Week in Crypto: Over 3 million stores targeted for Massive XRP adoption, Forte and Ripple to Invest $100 Million On Mainstream Blockchain Games, Stellar (XLM) Gets Listed on Coinbase Pro And More

This week could be described as Ripple week. With so many significant happenings concerning the project, this is arguably the week with the most news on Ripple (XRP). In today’s summary, we have handpicked the most interesting of the stories for you to have a look and possibly go back to read the full stories….

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Waves Seeks $120 Million in Second Investment Round for Vostok Project – BTCMANAGER

Waves wants to create the backbone of the next-generation digital landscape and is seeking $120 million investment for the Vostok project. It is a universal blockchain solution that will bring scalable digital infrastructure that’s tailor-made for large enterprises and public institutions. This according to an official press release, March 14, 2019. An Opportunity to Enter…

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Dutch startup Finturi raises €2 million for blockchain and AI platform

Finturi has raised €2 million ($2.26 million) to develop its blockchain and AI platform. Based in The Hague, Netherlands, the startup is just one of the hundreds that have sprung up in the country utilizing blockchain technology to revolutionize business operations. Finturi applies blockchain technology to help businesses access financing against their invoices. It also uses…

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Ripple Will be Providing $100 Million for Gaming Devs In Blockchain

Ripple has just announced that it will be partnering with the gaming platform firm Forte. The main intention is to provide 4100 million for investment in the blockchain gaming industry. The new partnership has been signed between Ripple’s Xpring and the gaming platform. $100 million will be deployed for developers that work in the gaming…

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Over 3 Million: The Number Of Stores Targeted In the New Push For XRP Mass Adoption

The XRP community seems to be getting more enthusiastic by the day, with some groups even offering to pay for the furtherance of the network’s expansion. This time around, Wietse Wind is putting a cool 3,000 XRP bounty on the table for anyone worthy enough to grab. The Bounty Wietse Wind is the founder of…

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Tagomi raise $12 million in a second funding series

Tagomi Holdings Inc, a digital asset brokerage firm, raised $12 million in its second round of funding. According to a press release, the fundraising was led by Paradigm and Pantera Capital Management. The funding round was also open to users of the platform. The new funding brings the told net to $28 million. Previously, Tagomi…

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Tron Adds 77,105 New Wallets in 2 Days Reaching 1.9 Million TRX Wallets

Tron experienced a remarkable increase in the numbers of users within the ending part of February. In just two days, specifically 27th and 28th, 77,105 new wallets were added to the network. According to a tweet report, there are now 1,978,032 accounts on Tron network. Tron happens to be one of the most progressive networks…

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Scam alert! $20 million Chinese crypto startup faking its team

A Chinese crypto startup has been discovered to be using false information regarding its founders. The startup, known as BHB, has been using the photos of two university professors without their knowledge or consent. According to an investigation by CoinDesk, the two professors had no idea that the project even existed. BHB has been in…

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New York Startup Raises $6.5 Million to Store Crypto For Institutions: Clear Rise in Demand

A New York-headquartered cryptography pioneer has raised $6.5 million in order to create a new institutional standard for crypto asset security. In an industry first, the firm has unveiled an Institutional Digital Asset Wallet Service aimed at the bigger financial players that need more security and autonomy over their crypto assets. Ahead of The Curv on…

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Hackers transfer 2.09 million EOS after a blacklist update failure

Hackers managed to transfer 2.09 million EOS ($7.7 million) from a hacked account reportedly due to an alleged failed update by an EOS block producer (BP). EOS reported the news through a Telegram post on February 23. Reportedly, the hack occurred on Feb 22 when a new EOS block producer named “game.eos” failed to update…

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Crypto Visa Card Supports Ripple’s XRP, Tron (TRX) And More – Use Crypto In Over 40 Million Locations Worldwide With Spend App

The steps towards crypto mass adoption are getting quicker. The mobile crypto app Spend just added support for Ripple’s digital asset XRP. This will offer users the ability to store the crypto and spend it using the platform’s Visa debit card. Spend adds support for XRP, TRX and more Spend now supports 180 countries and…

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Ripple partner and startup raises a whopping $1.7 million in funding to improve cross-border payments

SendFriend, a partner of Ripple and a startup that focuses on improving cross-border payments has received a whopping $1.7 million in funding during its first round of investment. The next-generation remittance company focuses on the smartest way to send money to the Philippines which will help overseas Filipino workers to securely transfer USD to PHP…

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Tron Price Analysis: TRX Risk Dropping to Ninth, Sheds $105 Million

Tron prices bullish but under pressure hours after a snapshot Price drops accompany major Tron announcements Transaction volumes low but poised to rise as TRX find support. Candlestick formations, as well as fundamentals, favor TRX prices. Even so, TRX is under immense pressure and could cave in if prices drop below Jan 14 lows and…

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Kraken Acquires Crypto Facilities for at Least $100 Million USD

The popular exchange Kraken purchased the cryptocurrency derivative trading platform Crypto Facilities Ltd. In order to make the purchase, Kraken paid at least $100 million. However, the exact sum has not been informed. The announcement was made by Kraken in a recent press release. Kraken Purchases Crypto Facilities Kraken, one of the largest digital currency…

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Research- Blockchain Tech To Exceed $1,636.7 Million In Healthcare By 2025

The blockchain technology specifically, in healthcare sector is anticipated to grab a growing demand owing to raise the numbers of counterfeit drugs and medicines, the enhance cases of medical data breaches and the extremely increasing investments within the start-ups regarding the healthcare blockchain tech. The Current Key Players Running Their Extreme Projects On Blockchain: Deloitte…

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Enterprise Blockchain Company – Chronicled Raises $16 Million

Chronicled is a company that has been involved with the cryptocurrency space for some time now, as it was founded in 2014. The company recently announced that they have raised  $16 million in Series A Funding, led by an investment firm out of China on January 15, 2019. About Chronicled Unlike many other companies in the…

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Department of Energy Funds $5 Million for Blockchain Research

The United States Department of Energy has announced on January 7, 2018, that it has allocated $4.8 million dedicated specifically to research and development of four areas of which Cybersecure Sensors for Fossil Power Generation includes the application of blockchain.  DOE Plans to use Blockchain The funding aims to “develop the next generation of science and engineering…

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Tron Price Analysis: TRX $800 million Away from the Top 4

Tron Price add to their gains, surge 44 percent from last Wednesday Questions linger on whether proof of work alternatives truly embody blockchain principles Transaction volumes on the rise, daily printouts exceed recent averages TRX is back to the top 10 and is a top performer adding 44 percent in the last week. With trend…

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