Today’s Combined News in The Crypto and Blockchain World

 
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A Gang Member Who Traded Drugs for Cryptocurrency, Sentenced to 11 Years in Prison

Perm district court sentenced one of the participants of the group that sells drugs for cryptocurrency to 11 years in prison. This was reported by the press service of The Prosecutor’s Office of the Perm Krai, Russia.

In 2016, the organizer of the group created an online drug store. He acquired the prohibited goods in large batches in Moscow, and four accomplices carried out the orders of drug users and hid substances in the hiding places in the Perm Region.

In 2017, law enforcement officers stopped the activity of drug dealers. During the year of activity, the group received an income of around $50,000.

Earlier, the court sentenced other members of the gang to imprisonment from 8 to 13 years. The organizer of the scheme still could not be found.

Coinbase.com Wallet Added Support for 0x Token

Wallet, iOS and Android mobile applications of the leading American cryptocurrency company Coinbase now support 0x (ZRX) token.

At the moment ZRX is not available for residents of the State of New York and the United Kingdom.

The company also launched a 0x token information page.

“As we make more assets available on Coinbase, we want to help people understand and make informed decisions about cryptocurrency. Check out the ZRX page on Coinbase to learn more about it.”

Against the background of the listing, the asset rate briefly struck the $1 mark.

Tim Draper Will Discuss Blockchain Industry Regulation in San Francisco

On November 27-28, at the Fintech on the Block Conference in San Francisco, experts will talk about the use of the blockchain in the financial sector and about the trends that are undermining traditional banking.

Among the speakers:

  • Jeff Thomas, vice president of listing, Nasdaq;
  • Kaushalya Somasundaram, head of Fintech cooperation at HSBC;
  • Michael Arrington, partner of the Arrington XRP Capital;
  • Sam Cassatt, Strategic Director, ConsenSys;
  • Tim Draper, founder of Draper Associates;
  • Guy Hirsch, executive director of eToro in the USA.

Topics:

  • The evolution and future of money;
  • Implementation of the blockchain in the financial sector;
  • Regulation of blockchain and fintech industries;
  • Cybersecurity.

Date: November 27-28.
Location: San Francisco, 1 Jones St, 20, Hibernia Bank Building.

Learn more about the event and register on the official website of the event.

BTCC Bitcoin Exchange Will Open a Division in South Korea

On October 31, the oldest cryptocurrency exchange BTCChina (BTCC) will launch a beta version of the trading platform in South Korea, and It will make its official debut in November.

BTCC Korea will be headed by Lee Jae-beom, who is convinced that the popularity of local exchanges is declining, and global ones are just the opposite.

“Cryptocurrency exchanges are facing a turning point due to a downturn in local exchanges while global exchanges are making a leap here,” said Lee. “BTCC Korea will be able to present a new strategy and vision of crypto exchanges.”

In September 2017, the BTCChina was closed due to repressive measures by the Chinese authorities. BTCC, however, continued its activities, focusing on the mining pool and the Mobi cryptocurrency wallet.

In early July, the BTCC platform was restarted in Hong Kong jurisdiction.

Bitcoin Exchange Bithumb Launched a Decentralized Trading Platform

The leading South Korean bitcoin exchange Bithumb launched a decentralized trading platform. The developer of the protocol was the company One Root Network.

The trading period without commissions will last From October 15 to November 15, and on October 30, the exchange will distribute 500 ETH among thousands of traders who must have a trading volume of at least 1 ETH for DENT, INS, POA20, RNT, WTC coins.

Local media reported that the Bithumb unit outside South Korea will deal with the decentralized platform.

Alexander Shulgin and Roger Ver Joined the bComm Association

Alexander Shulgin, a famous venture investor and visionary, became the founder and director of the bComm Association. Co-founders of the organization are the head of nChain, Jimmy Nguyen, Rawpool founder David Lee, nChain senior research officer Craig Wright, and Bitcoin.com CEO Roger Ver.

The purpose of the bComm Association is to coordinate the merchants, developers, miners and exchanges to create a holistic ecosystem around the Bitcoin Cash community.

Earlier, the mining pool ViaBTC raised $ 30 million for two hours as part of the first ICO on the Bitcoin Cash blockchain.