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South Korean Crypto Exchange Pure Bit Exit Scams with 13,000 Ether

Twitter Facebook LinkedIn According to Korean blockchain news provider Blockchain ROK, newcomer exchange Pure Bit has effectively exit scammed with at least 13,000 in investor Ethereum in hand. As evidence of the scam, BROK points to the fact that the exchange’s CEO has changed his name on popular Korean social media network Kakao to “I’m sorry” in the “high formality” ...

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Fraudulent South Korean Exchange Pure Bit Nabs $2.8M in ICO Exit Scam

A South Korean ICO has defrauded its private sale investors out of roughly 13,500 ETH ($2.8 million) before disappearing from the internet entirely. Pure Bit, which has already pulled the plug on its website, has apparently conducted a fairly routine exit scam for its Pure Coin token sale. The cryptocurrency was pitched as an exchange token for Pure Bit, an exchange ...

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World Bit Bank – the Best Crypto-Finance Project of 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. In ...

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Blockchain Patents Will Shape Innovation – and That’s a Little Bit Scary

There were 1,240 blockchain patents filed last year. That’s not normal. The number of blockchain patent applications, in fact, has grown over 600 percent since 2016. This year, retailing giant Wal-Mart secured blockchain patents for crypto household energy payments, wearable medical records, and a security system. They also filed patents for drone delivery and “autonomous ground vehicle” delivery systems. Facebook ...

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Cryptocurrency Acceptance Gains a Bit of Ground Thanks to Samsung

Samsung is breaking into the cryptocurrency payments business, and that’s a good thing if you’re one of those people who would eventually like to see the full acceptance of crypto as a payment method throughout the world. Samsung is using CopPay to make these transactions happen in a few limited markets. However, this is an important step towards the eventuality ...

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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing …

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists ...

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Blockchain Is Important But “A Bit Of Distraction”

CEO Lisa Su of AMD, an American multinational semiconductor company, said that Blockchain is “a bit of a distraction in the short term” in an interview with CNBC April 26. Su admitted the importance of blockchain, stating, “It’s a very important technology […] The idea you can do all these peer-to-peer transactions, a decentralized network, it’s a good technology, but ...

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