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BankChain was an Indian platform and initiative for banks to implement blockchain software that was launched in 2017. A majority of the major banks in India were members and the platform was designed for systems that shared data between its members.
Auckland-based cryptocurrency exchange Dasset goes into voluntary liquidation, leaving customers unable to access their funds and with the firm unresponsive to complaints. [92] 22 January 2024 Terraform, creator of TerraUSD and Luna, files for Chapter 11 bankruptcy, over one and a half years after the collapse of their coins. [93] 14 February 2024
The SEC's complaint stated that Garza, through his companies, had fraudulently sold "investment contracts representing shares in the profits they claimed would be generated" from mining. [122] Garza was later found guilty of fraud and ordered to pay US$9 million and begin serving a 21-month sentence commencing January 2019 by the U.S. Attorney ...
California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process, the agency's ...
Tuesday's move targeted UAE-based Chinese nationals Lu Huaying and Zhang Jian as well as UAE-based Green Alpine Trading LLC. It freezes any of their U.S. assets and generally bars Americans from ...
Blockchain has been acknowledged as a way to solve fair information practices, a set of principles relating to privacy practices and concerns for users. [5] Blockchain transactions allow users to control their data through private and public keys, allowing them to own it. [5] Third-party intermediaries are not allowed to misuse and obtain data. [5]
The Bitfinex cryptocurrency exchange was hacked in August 2016. [1] 119,756 bitcoin, worth about US$72 million at the time, was stolen.[1]In February 2022, the US government recovered and seized a portion of the stolen bitcoin, then worth US$3.6 billion, [2] by decrypting a file owned by Ilya Lichtenstein that contained addresses and private keys associated with the stolen funds. [3]
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