Faith Obafemi

News Reporter

Faith is a lawyer, writer and geek with devotion to all things tech, blockchain, ICO and cryptocurrency. In her free time, she loves a good sleep and Korean series.

Articles by Author

Centra ICO Founders Endorsed By Floyd Mayweather, Arrested For $32 Million Fraud

Two of the three founders of Centra Tech Inc., arrested on Sunday by Federal authorities. Prosecuting the case is the US Securities and Exchange Commission (SEC) which is charging Sohrab Sharma and Robert Farkas with organizing a fraudulent initial coin offering (ICO).

MailChimp To Ban Crypto Related Content From April 30

Popular email service provider, MailChimp to ban crypto related content from April 30, after updating its Acceptable Use Policy. However, non-marketing content is not affected by the ban.

Phoenix Federal Jury Finds Arizona Bitcoin Trader Guilty of Money Laundering

An Arizona bitcoin trading has just been found guilty of money laundering charges by a Phoenix Federal Jury. He has previously served time for bitcoin related crimes involving felony marijuana charges and now money laundering.

German National Tourist Board Sees Bitcoin & Other Cryptocurrencies As Legal Tender

The German National Tourist Board (GNTB), has just announced that cryptocurrencies like bitcoin will now be accepted as legal tender in the country’s tourism industry.

11-Year-Old Launches Gaming-Related ICO

An 11-year-old, George Weiksner, has just launched his own ICO and plans to raise 1,000 to 2,000 ETH. The project’s company, Pocketful of Quarters, of which he is the CEO, intends to create a cryptocurrency which can be used for online gaming.

Lego Art Puzzle Hiding Over $10,000 of Crypto Solved

$10,000 locked in Lego digitized artwork has been claimed by three different persons. One unknown, another solver goes by the Twitter handle @SopaXorzTaker, and the third named James Stanley.

Painter Hides Crypto In Lego Artwork For Anyone To Solve

Andy Bauch recently challenged crypto enthusiasts to try hacking the private keys of wallets holding thousands of dollars worth of cryptos hidden in a digitized Lego Artwork. Anyone who decodes the private keys can claim the cryptos and they don’t have to be the people who bought the paintings.

Snowden Papers Reveal NSA Worked to Track Down Bitcoin Users

Privacy and anonymity are one of the features that endeared millions to popular cryptocurrency bitcoin. However, The Intercept reported yesterday that leaked Snowden Papers contain information that the US National Security Agency (NSA) has been tracking down bitcoin users since 2013.

15-Year-Old Backdoors Tamper-Proof Ledger Hardware Wallet

French-based company Ledger, well-known for their hardware wallets produced for physical safekeeping of public and private keys, has been informed by Saleem Rashid, a teenage security sesearcher that there’s a way to obtain the keys sought to be protected.

Bittrex To Remove 82 Altcoins And Bans U.S. Embargoed Nations

Bittrex is implementing a “strict coin listing criteria” which will go into effect on March 30th. 82 coins that do not meet these criteria or do not “have a properly functioning blockchain and wallet” will be automatically delisted from the exchange within 10 days.

Florida State Arrests Government Employee For Mining Cryptos At Work

Department of Citrus, Florida, saw an employee get arrested for mining cryptos at work, using the department’s computers. According to Florida Department of Law Enforcement (FDLE) agents, the government employee, head of IT in the department, is said to have mined BTC, LTC, and several other cryptos. Florida’s Department of Citurs is a state agency in charge of regulating and marketing the citrus industry.

Coinbase Receives E-Money License From UK FCA To Expand In EU Markets

As Coinbase spreads its wings across Europe, it receives an E-Money license from UK’s Financial Conduct Authority (FCA). The license allows the San Francisco-based crypto exchange to offer it’s payment and e-money services to customers based in the United Kingdom, as well as 23 countries within the European Union.

Google To Ban All Crypto and ICO Related Ads In June

A recent update by Google to their Financial Services policy will see all crypto-related ads being banned as from June 2018. Just few days ago, frustrated crypto advertisers took to the Adwords support pages to lament the low number of views on their advertisements. Many claim the recent update played a role in the low views. The search engine giant on the other hand, rebutted this claim saying the update to their Financial Services regulations had nothing to do with the low views.

Wyoming Defines Cryptocurrency ‘Utility Tokens’ As New Asset Class

US state of Wyoming is showing the Feds that it could blaze the trail by being the first government agency to define cryptocurrency utility tokens as a new assets class. Meanwhile federal agencies, Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), both have different opinions on what they consider the definition of “cryptocurrencies” to be.

Bitcoin’s March Futures Expires In Less Than 24 Hours

The Cboe Futures Exchange, LLC (CFE) launched bitcoin futures trading in December 2017, under the ticker symbol “XBT”. The current contract expires in less than 24 hours and it is thought that large contract holders may affect the bitcoin price when closing their positions.

Thomson Reuters Sentiment Gauge Will Analyze Online Chatter To Help Crypto Traders

Thomson Reuters Corp has just released a new version of their MarketPsych Indices, a product introduced in conjunction with MarketPsych Data LLC, a behavioral economics research firm. This new version comes with a Sentiment Gauge that analyzes online chatter including news and social media posts about the king of cryptos, bitcoin.

CoinSpectator: A Top Crypto Aggregated News Feed!

As anyone in the crypto space understands, the markets are driven by more than simple technical or fundamental indicators. In fact a complex web of interactions from social media influences, new publications, rumours as well as the more typical technical and fundamental indicators you might expect to see in traditional markets. CoinSpectator has all these and more.

PayPal Seeks To Dominate Crypto Payments

PayPal is the latest payment incumbent to create blockchain based payment technology. PayPal has filed for a patent titled: “Expedited Virtual Currency Transaction System,”. The U.S. Patent and Trademark Office (USPTO) made public the application upon its publication on March 1st.