Cambodian Regulators Say Dealing in Crypto Without License Is Illegal

Dealing in cryptocurrencies without obtaining a license from relevant authorities has been declared illegal in Cambodia, according to an official statement published Tuesday, June 19. The joint statement was first penned on May 11 by the National Bank of Cambodia (NBC), the Securities and Exchange Commission of Cambodia (SECC) and the General-Commissariat of National Police, and has now been publicly released on the NBC website: “Competent authorities clarify that the propagation, circulation, buying, selling, trading and settlement of Crypto Currencies [sic] without obtaining license from competent authorities are illegal activities.”…

Malaysian Gov’t Committee Partners With Korean Lab to Develop Sharia-Compliant Blockchain

South Korean blockchain lab IncuBlock has signed a Memorandum of Understanding (MOU) with a Malaysian government advisory committee for blockchain tech development permissible under Sharia law, local news outlet IT World reported yesterday, June 18. Blockchain tech has previously been used in terms of tracking halal foods, as UK-based HALAL TRAIL has begun using blockchain to track livestock and fresh food from farm to table through the halal food chain. The committee, Majlis Perundingan Melayu (MPM), will work with both IncuBlock and MPM’s international partner, Global Cornerstone Group, on sharing…

Self-Advertised as Turkey’s ‘National Cryptocurrency,’ Turcoin Outed as Ponzi Scheme

Turcoin, advertised by its creators as Turkey’s “national” cryptocurrency, has been outed as a ponzi scheme, Hürriyet Daily News reports Monday, June 18. Muhammed Satıroğlu, a major shareholder of the company that launched the coin has told the media it “doesn’t have a single dollar in the bank.” Istanbul-based company Hipper, whose partners Muhammed Satıroğlu and Sadun Kaya launched ‘Turcoin’ in 2017, is the subject of a criminal complaint after payouts to investors stopped in early June 2018. Speaking to local outlet Hürriyet Daily News, Satıroğlu, who owns a 49…

France Opens ‘First’ Blockchain Accelerator in Europe With 30 Participants

France became host to Europe’s first blockchain accelerator as Paris moves to become the “capital of ICOs,” Finance Magnates reports Monday, June 18. Chain Accelerator, a joint scheme involving around thirty cryptocurrency and finance entities and professionals, aims to offer mentoring to international blockchain startups. Among the list of participants in the blockchain scheme are Gatecoin CEO Aurelien Menant and HSBC head of digital innovation Diana Biggs, with more surprising participation from legacy finance parties such as former SWIFT CEO Leonard Schrank. The move comes against a backdrop of increasing…

Jack Dorsey’s Square Cash App Receives Tough BitLicense Approval – Crypto Currency News

Square, a payment processing tech company owned by Jack Dorsey, just announced that it has obtained a New York BitLicense. Square App is just the seventh company to receive this approval from the New York State Department of Financial Services (NYDFS). 🚨 Our customers in New York state can now buy and sell Bitcoin instantly with Cash App! https://t.co/4R0n5sbNpM 🚨 pic.twitter.com/1WzjiQ751I — Cash App (@CashApp) June 18, 2018 A Twitter user replied to the post with a question about sending and receiving Bitcoin and Cash Support responded to the question by…

EOS Block Producers Freeze User Funds to Prevent Theft, Resulting in Twitter Backlash

EOS has frozen seven accounts compromised by the registration process through phishing scams, according to a Steemit post by EOS42, an EOS block producer (BP) candidate. The news, published on June 17, has led to backlash based on allegations that the BPs have violated their own constitution. After the public learned of the account freezings, crypto enthusiast Nick Szabo referred to the EOS constitution as “socially unscalable and a security hole:” In EOS a few complete strangers can freeze what users thought was their money. Under the EOS protocol you…

Blockchain Sports Betting App to Predict Outcome of World Cup Matches

A blockchain-based application that helps sports fans receive “reliable and transparent” betting advice has launched its main platform – only a couple of days after the football World Cup kicked off in Russia. BlitzPredict aims to provide innovative solutions to the issues that have plagued the betting industry in recent years by recording predictions on the outcome of sporting events on an immutable blockchain. These predictions will be time-stamped against true market odds, with the Las Vegas-based company saying this feature will create a “verifiable, public record of everyone’s predictions.”…

Tron Price Pumps Following BitTorrent Acquisition

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The Tron price surged more than 17 percent on Tuesday amid reports that founder Justin Sun is now in the final stages of closing a deal to acquire peer-to-peer protocol developer BitTorrent. Tron Founder Justin Sun to Acquire BitTorrent for $140 Million Rumors about the acquisition had circulated for weeks, but several disputes — including allegations that BitTorrent had violated a no-shop clauses — had hampered the negotiations. However, TechCrunch is now reporting that Sun and Tron have agreed…

Freedom of Press Foundation Starts Accepting Crypto, Sees $550K Donation on First Day

Nonprofit organization the Freedom of the Press Foundation (FPF) began accepting cryptocurrency donations June 18, opening its doors to Bitcoin and four altcoins. FPF, which formed in 2012, aims to support and protect free speech in the media, as well as campaign through whistleblower projects and raise awareness of threats to media publications. We are excited to launch a cryptocurrency donation page for @FreedomofPress, where we can now accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Zcash to support press freedom. https://t.co/P8q6aEZJ14 — Freedom of the Press (@FreedomofPress) June 18, 2018…

‘Poketoshi’ Game Brings Nintendo’s Pokemon Onto Bitcoin Lightning Network

Portuguese software engineer João Almeida has created ‘Poketoshi,’ a platform that allows users to play Nintendo’s popular Pokémon game on the Lightning Network (LN), The Next Web reports today, June 19. pic.twitter.com/8KzX6LYX04 — João Almeida (@joaodealmeida94) June 19, 2018 Lightning Network is a second-layer solution to Bitcoin’s scalability limitations, opening payment channels between users that keep the majority of transactions off-chain, turning to the underlying blockchain only to record the net results. Almeida’s Poketoshi uses LN together with the live streaming video platform Twitch, which allows users to interact with…