The top news in the last 24 hours are shown below:
Onecoin News: Founders charged by U.S. Attorney for multi-billion scam
According to breaking Onecoin news, a district attorney in the United States has charged promoters of the now infamous pyramid scheme known as Onecoin. The leader of the pyramid scheme, Konstantin Ignatov was arrested on March 6 at the airport in Los Angeles on a wire fraud conspiracy stemming from his role as the leader in the pyramid scheme. On March 8, the U.S. Attorney Office of the Southern District of New York charged the founder alongside Ruja Ignatova, his sister on their involvement in the Scam following their arrest.
Cardano 1.5 Released on Testnet: Another Step Towards Ouroboros Genesis
On March 7th Cardano released the testnet for Cardano 1.5. The testnet includes the release of Daedalus 0.13.0 with Cardano SL 3.0.0. This is the last step of the Byron development phase which will lead onto the Shelly.
‘This update brings a new consensus protocol, Ouroboros BFT, which is a key step in the transition from Ouroboros Classic, the current consensus protocol running the Cardano network, to Ouroboros Genesis, the protocol for the Shelley era.’
P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela
During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela.
US State of Connecticut Introduces Bill to Authorize Smart Contract Use in Commerce
A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7. The Commerce Committee of the Connecticut General Assembly (CGA) has introduced House Bill 7310, suggesting that blockchain-powered smart contracts may be used in commerce conducted or initiated in the United States state of Connecticut.
Singapore Launches Pilot of TradeTrust Blockchain Shipping Initiative
The Singapore government will press ahead with a pilot of its blockchain-based maritime trade platform TradeTrust through an official partnership, trade news outlet Asia Middle East Maritime Focus reported on March 7. TradeTrust, which aims to leverage blockchain to streamline complex manual processes involved in international shipping, will first focus on blockchain-powered electronic bills of lading (EB-Ls).
US Seafood Giant Bumble Bee Foods to Use SAP Blockchain Tech in Supply Chain
North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8. Based on SAP Cloud Platform Blockchain service, the new platform can purportedly monitor the supply chain of yellowfin tuna from Indonesia to end customers.
Vitalik Buterin Proposes That Wallets Charge Gas Fee for Transactions
Ethereum (ETH) co-founder Vitalik Buterin proposed that wallets charge a gas fee for transactions to support developers in a tweet on March 8. Gas is a unit for measuring the computational work of operating transactions or smart contracts in the Ethereum network, wherein different kinds of transactions require a separate volume of gas to execute. Gas price is the price of ETH a user wants to pay for every unit of gas measured in gwei, while gas limit represents the maximum amount of gas a user will pay for a transaction. In the tweet, Buterin stated:
“I propose we consider supporting a community norm that client/wallet devs can/should charge a 1 gwei/gas fee for txs sent through their wallet, we don’t try to circumvent such fees, and we support protocol changes to make such fees easier (eg. abstraction enabling multisends)”
German Financial Regulator Issues Paper on Blockchain Securities Regulation
The German Federal Ministry of Finance has published a key issues paper on the treatment and regulation of blockchain-based securities, according to a ministry announcement on March 8. In the paper initially released on March 7, the regulator discusses the introduction of regulations for electronic securities and the issuance of crypto tokens. The document stipulates that the regulation of electronic securities should be technology-neutral, which means that they could be based on the blockchain, or distributed ledger technology (DLT).
The US Leads in Blockchain-Related Job Offerings Globally, Data Shows
The United States is the world’s leader in blockchain-related jobs, according to research by The NextWeb (TNW) published on March 8. To prepare the report, TNW gathered information from the position posted in recruiting site Glassdoor, finding all the job offerings that had the term “blockchain” in the job listing in countries around the world.
CEO of Crypto City Project Bitcointopia Pleads Guilty to Selling Land He Didn’t Have
Morgan Rockcoons, also known as Morgan Rockwell, has pleaded guilty to two cryptocurrency-related charges in San Diego federal court this week. Rockcoons admitted both to selling land he didn’t have for a crypto city project dubbed “Bitcointopia” and to operating a money transmitting business without a license, daily news outlet the Los Angeles Times (LA Times) reported on March 8.
Over 80 Percent of Total ETH Supply is Held by 7,572 Addresses: Research
Over 80 percent of the total circulating supply of Ethereum (ETH) is held by 7,572 addresses, claims a report released by digital asset research company Delphi Digital on March 7. More precisely, the data contained in the report argue that addresses hold over 80 percent of the total supply of ETH coins with a balance higher than 1,000 ETH. The number of such addresses adds up to 7,572. The research breaks down the total number of addresses by volume of ETH they contain, stating that 6,490 addresses hold between 1,000 and 10,000 ETH, 923 of them hold between 10,000 and 100,000 ETH, 155 between 100,000 and 1,000,000 ETH and only four between 1,000,000 and 10,000,000 ETH.