Cryptocurrency Provisions

  • Alleged Operators of $722M Crypto Scheme Seek Jail Release Amid COVID-19 Fears

    • March 26, 2020
    • Posted by: Super System
    • Category: Business, Crypto news
    No Comments
    Bitcoin and Prison
    A Way Out Matthew Geottsche and Jobadiah Weeks, alleged crypto scheme operators, have filed separate motions petitioning Newark’s Exxex County Correctional Facility for their releases on March 20th and March 23rd, respectively over serious concerns about the prison having an oncoming outbreak from COVID-19.  Rodney Villazor, Goettsche’s attorney, said that it is just a matter
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  • Hawaii Launches Digital Currency Sandbox To Attract Crypto Firms

    • March 26, 2020
    • Posted by: Super System
    • Category: Crypto news, Lifestyle, Social
    No Comments
    Blockchain and Blockchain
    2-Year Cryptocurrency Experiment Begins Hawaii has revealed a new “Digital Currency Innovation Lab” on March 17, 2020, a cryptocurrency and blockchain incubator, the governor’s office reported. This as a collaborative project between the Hawaii Technology Development Corporation (HTDC), the Department of Commerce and Consumer Affairs, and the Division of Financial Institution (DFI). During this pilot
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  • Blockchain Tech Is Coming To Rhode Island

    • March 24, 2020
    • Posted by: Super System
    • Category: Crypto news, Lifestyle, Media
    No Comments
    Blockchain Tech
    U.S. Reps Show Support For Blockchain Innovation Two state reps in Rhode Island introduced a new bill to promote blockchain technology adoption within the state.  The two reps, Blake Fillipi and David Place, introduced the new bill tagged, "Rhode Island Economic Growth Blockchain Act," on March 11. The aim of the bill is to provide
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  • IT Firm Helps Healthcare Providers Fight Crypto-Ransomware Amid Coronavirus

    • March 23, 2020
    • Posted by: Super System
    • Category: Crypto news, Lifestyle, Technology
    No Comments
    Cyber Security
    Free Help From Cybersecurity As the world comes to grips with the novel coronavirus pandemic, online scammers using ransomware that locks hospitals out of their patient care systems are continuing to be operational and more active than usual. The ransomware demands cryptocurrency payments in order to allow providers back into the system.  On March 18th,
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  • Scammers Impersonate WHO to Steal BTC COVID-19 Donations

    • March 23, 2020
    • Posted by: Super System
    • Category: Technology
    No Comments
    Bitcoin Fraudsters
    Heartless Thieves As the coronavirus pandemic sweeps the globe, heartless online scammers have started to target cryptocurrencies like Bitcoin to steal donations made to fight the COVID-19 virus by impersonating the World Health Organization (WHO), according to cybersecurity firm Sophos. Targetting Donation Funds After classifying COVID-19’s spread as a pandemic on March 11, the WHO
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  • Less Than 1% of Australians Used Cryptocurrency as Payment in 2019

    • March 22, 2020
    • Posted by: Super System
    • Category: Crypto news, Lifestyle, Social
    No Comments
    Bitcoin News
    The Not Quite 1% Some Australian authorities recognize cryptocurrencies as a form of investment. However, Bitcoin and other digital assets are not actually a very popular form of payment used in the country. The Reserve Bank of Australia (RBA), the country’s central bank, claims that in 2019 less than 1% of residents used Bitcoin and
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  • Courts Target Crypto With Expanded Legal Action

    • March 21, 2020
    • Posted by: Super System
    • Category: Crypto news, Lifestyle, Technology
    No Comments
    Crypto App Awards
    California Court Steps In As part of a consolidated class-action lawsuit against Ripple Labs Inc, a California court argued that those cryptocurrencies which are not securities are subject to federal laws that target deceptive, unfair, or abusive acts and practices (UDAAP). This means that crypto entities or projects who claim exemption from federal securities laws,
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  • Bitcoin’s Price Plunges 50% in 24 Hours

    • March 20, 2020
    • Posted by: Super System
    • Category: Crypto news, Lifestyle, Media
    No Comments
    Avax price prediction
    Bad Day for Bitcoin March 12th, 2020, was easily one of the worst days for Bitcoin. The 40% loss was the second largest BTC price collapse, the other coming in the wake of the collapse of Mt. Gox, the most important and largest crypto exchange at the time.  During the lowest point of the March
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  • Handling “Abandoned” Cryptocurrency

    • March 19, 2020
    • Posted by: Super System
    • Category: Crypto news, Media, Technology
    No Comments
    New Cryptocurrency Provisions
    Uncharted Waters with Crypto While cryptocurrency grows in exposure and uses, many aspects of this revolutionary financial method are still being addressed. As the world traverses some of the uncharted legal waters of virtual currencies, more and more necessary regulatory aspects begin to take shape.  Abandoned Assets One such area is what to do with
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