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Swiss watchdog says cryptocurrency mining firm’s $90M ICO was illegal

Mar27
by on March 27, 2019 at 3:38 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Financial regulators in Switzerland have disclosed the full extent of the illegal acts committed by Envion AG, a cryptocurrency “mining operation” that illegitimately collected over $90 million with an initial coin offering (ICO) last year. With this investigation, the Swiss Financial Market Supervisory Authority (FINMA) seeks to make it clear that ICOs can indeed fall within the scope of Switzerland‘s banking laws, reports Swissinfo. Regulators found Envion AG had unlawfully received deposits from at least 37,000 investors that took part in its ICO, which concluded in January 2018. Envion AG, ordered into liquidation in late 2018 and now entirely defunct, was a (supposed)…

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a couple of laughzillas on a blue diamond background

Swiss watchdog says cryptocurrency mining firm’s $90M ICO was illegal

Mar27
by on March 27, 2019 at 3:38 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Financial regulators in Switzerland have disclosed the full extent of the illegal acts committed by Envion AG, a cryptocurrency “mining operation” that illegitimately collected over $90 million with an initial coin offering (ICO) last year. With this investigation, the Swiss Financial Market Supervisory Authority (FINMA) seeks to make it clear that ICOs can indeed fall within the scope of Switzerland‘s banking laws, reports Swissinfo. Regulators found Envion AG had unlawfully received deposits from at least 37,000 investors that took part in its ICO, which concluded in January 2018. Envion AG, ordered into liquidation in late 2018 and now entirely defunct, was a (supposed)…

This story continues at The Next Web

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What’s a time-of-flight (ToF) camera and why’s it on my phone?

Mar27
by on March 27, 2019 at 2:56 pm
Posted In: Around the Web, Basics, Plugged


Welcome to TNW Basics, a collection of tips, tricks, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff. When Huawei announced its P30 Pro, the latest models of its photography-focused phone series, one of its new features was something called a time-of-flight (ToF) camera. This bit of hardware has been appearing on more phones recently, with the Honor View 20 and the Oppo RX17 Pro already having one, but the P30 Pro is the biggest name to have one yet. And it’s not just going to stop here either. The Samsung Galaxy S10 5G will have…

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Japan court lets Monero cryptojacker walk away free

Mar27
by on March 27, 2019 at 1:52 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


A Japanese web designer has been given the right to walk, despite “borrowing” the computing power of unsuspecting users to mine cryptocurrency. The 31-year-old web designer appeared in court today and was acquitted of stealing his user’s computing resources with a Monero mining script called Coinhive, local news outlet The Mainichi reports. The Yokohama District Court ruled it would be “excessive” to punish the web designer, further stating that Coinhive cannot be considered a computer virus. According to the ruling judge, the web designer’s actions did not “constitute a crime as we cannot say embedding the program [Coinhive] was socially…

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Scale up your startup at TNW2019

Mar27
by on March 27, 2019 at 1:13 pm
Posted In: Around the Web, Events, Insider, TNW2019


Networking is a key component of any conference, and despite our “unconference” vibe at TNW2019, we’re definitely all about making new connections. That’s why we have dedicated matchmaking opportunities on May 9 and 10 – especially for startups. As a startup, you can meet countless investors, mentors, corporates, and media to help take your company to the next level. With our startup program, you’ll gain access to the full TNW Conference content, as well as exclusive access to our matchmaking platform and our side events. You can apply now for the chance to join us at TNW2019, where you’ll make…

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