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The BlockShow Americas 2018 conference kicked off Monday, Aug. 20 in Las Vegas. The first panel discussion involved a heated debate between proponents of two opposite views of how — and if — blockchain should be regulated and adopted by institutions around the globe. BlockShow is a series of fintech and crypto events, usually held in Singapore and Europe; the previous BlockShow took place in Berlin in the spring of this year. The opening panel, titled “Wall Street vs Crypto,” brought together a number of industry experts to discuss the future potential of cryptocurrencies like Bitcoin ( BTC ), and the importance of regulatory involvement in the crypto sphere. Panelists debated the role of governments and financial institutions in paving the way for a “tsunami of innovation” enabled by blockchain. Moderated by TechCrunch ’s editor-at-large Mike Butcher, the panel was comprised of five experts from the finance and crypto industries, including leading IT analyst and Forbes c...

Chinese police have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto, local news outlet Xinhua reported August 18. The alarm was reportedly first raised by an individual identified by the surname Zhang, who is said to have first filed his complaint March 30 with local police in the northwestern city of Xi’an. The victim claimed that his computer had been hacked, resulting in the theft of Bitcoin ( BTC ), Ethereum ( ETH ) and other crypto holdings worth up to 100 million yuan ($14.5 million). Initial investigations by a dedicated police task force indicated that the suspects had used a remote attack to transfer funds from Zhang’s computer without leaving a trace, in what is reportedly considered to be a “rare case.” The authorities are said to have received assistance from several local internet service providers, allowing them to identify the first suspect, an individual known as Zhou, within three months....

Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The estimated damage made up $87 million USD. Chinese police have arrested three individuals suspected to have stolen assets worth 600 million yuan ($87 million) through hacking. According to a report in Xinhua, China’s state-owned press agency, the police began investigating in Match of this year, after a resident of Xian complained that hackers had taken control of his computer and stolen 100 million yuan (US$15 million) worth of cryptocurrency. As a preliminary investigation showed, hackers had used remote hijacking techniques to gain access and control of cryptocurrency accounts belonging to the victim identified as Zhang. The police received assistance from several unnamed internet companies, and three months later, a suspect named Zhou was found. Zhou’s communications led to two more alleged accomplices, and all the ...

On Aug. 15, American investor Michael Terpin filed a $224 million lawsuit against AT&T. He believes that the telecoms giant had provided hackers with access to his phone number, which led to a major crypto heist. Michael Terpin is a Puerto Rico-based entrepreneur and CEO of TransformGroup. He is also a co-founder of an angel group for Bitcoin (BTC) investors named BitAngels and of a digital currency fund, the BitAngels DApps Fund. Terpin claims that he lost $24 million worth of cryptocurrencies as a result of two hacks that occured over the course of seven months: The 69-page complaint he filed with California law firm Greenberg Glusker mentions two seperate episodes, dated June 11, 2017 and Jan. 7, 2018. In both cases, as per the document, AT&T, of which Terpin was a longtime subscriber since the 1990s, failed to protect his digital identity. Now, Terpin is seeking $200 million in punitive damages and $24 million in compensation from the telecommunications corporation. ...

A crypto millionaire from Finland has lost more than 5,500 bitcoins due to a scam in Thailand. A famous Thai film actor is accused of having been involved. As you know, one of the marketing tools aimed at promotion of some products and services presupposes engagement of celebrities, whose reputation and image helps to draw public’s attention to this or that product. While the crypto market is continuing its rapid growth and development, more and more celebrities are joining the rows of crypto supporters and role models. Nevertheless, for a famous Thai actor his work with cryptos resulted into police intervention. As it has been informed by the Thai media, Jiratpisit Jaravijit, also known as Boom, was arrested after allegations of his involvement in a money laundering scheme with Bitcoin. As a result of such a scam, a Finnish man lost $34 million. In June 2017, the 22-year-old crypto millionaire from Finland became a victim of a scam scheme in which the actor and some other intr...