The top news in the last 24 hours are shown below:
China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’
According to regional reports from China, a village located within the Wenzhou, Zhejiang region called Yuedong has been gathering attention due to its receptiveness toward cryptocurrencies and blockchain technology. In consonance with social media posts on Weibo, roughly 60 percent of the residents in Yuedong know about cryptocurrencies, and many of the villagers have invested as well.
US Marshals Seeks New Recruit to Dispose of Seized Crypto
The U.S. Marshals is looking to hire an individual who can manage cryptocurrencies for the Asset Forfeiture Division. Over the last few years, the law enforcement agency has seized thousands of bitcoins from a variety of investigations. Now the Marshals are in need someone who is competent enough to handle matters like wallet creation, managing blockchain forks, and token transfers.
Market Maker Sues Lawyer Over $4 Million BTC Transaction Gone Awry
Market making and over-the-counter trading firm GSR Markets is taking legal action against lawyer Diana McDonald, who is accused of pocketing $2 million from a $4 million BTC transaction in which she acted as an escrow.
Two Australian Crypto Exchange Licenses Suspended Following Arrest
Two Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges.
Brazilian Court Rules Santander to Return $350,000 to Crypto Exchange Mercado Bitcoin
The Court of Justice in the Brazilian state of São Paulo has dismissed the appeal made by Banco Santander against cryptocurrency exchange Mercado Bitcoin and ruled that the bank should return funds to the company, local crypto media CriptomoedasFacil reports on March 8. Previously, the bank reportedly closed the exchange’s account, claiming that its activity was incompatible with its policy and froze the funds. According to the article, the Brazilian exchange took action through the courts against the closing of its account, claiming that the freeze of its funds was unjustified.
The SEC’s Guidelines and Statements Show That It’s Slowly Learning to Accept ICOs
Initial coin offerings (ICOs) may be less fashionable than security token offerings (STOs) right now, but that hasn’t stopped the United States Securities and Exchange Commission (SEC) from keeping its beady eye trained firmly on them. Ever since it published its investigation into the decentralized autonomous organization (DAO) in July 2017 and declared that ICO tokens could be (and often are) securities, it has been producing a variety of guidelines and warnings on ICOs for investors.
Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina
CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9. The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange.
Bitcoin Private Team Accuses Crypto Exchange HitBTC of Fraud After Delisting
Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of acting fraudulently in regards to their delisting from the exchange following a planned coin burn. The accusations are portrayed in a letter written on Feb. 26 to the exchange by the Petros Law Group on behalf of the BTCP community, developers and contributors, and published by the Bitcoin Private Twitter profile on March 9.
Neema CEO: Marshall Islands Digital Currency Needs Work to Satisfy US Regulatory Concerns
The Marshall Islands’ government upcoming digital currency, which will be launched in partnership with Israeli startup Neema, still needs work to placate the United States, financial regulators. English-language Israeli media The Times of Israel reported on the currency’s progress on March 9. While the release of the coin, dubbed the Sovereign (SOV), is scheduled for later this year, The Times of Israel notes that the U.S. regulators are concerned about a possible negative impact on the existing banks in the country, as well as potential for money laundering.