Huawei Unveils Hyperledger-Based Blockchain Service Platform – CoinDesk

Telecommunications and smartphone provider Huawei has become the latest tech giant in China to launch a blockchain-as-a-service (BaaS) platform. Announced at Huawei’s analyst conference in Shenzhen on Tuesday, the company’s new platform, dubbed Blockchain Service, is said to enable companies to develop smart contracts on top of a distributed ledger network for several use-case scenarios. A … Read more

Chinese Police Bust Alleged $13 Million Blockchain Pyramid Scheme – CoinDesk

Police in China’s northwestern city of Xi’An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan ($13 million) from over 13,000 people. According to a report from local media source Huashang News, Wednesday, the scheme launched in March 28 this year after months in preparation by a primary suspect … Read more

Riot Blockchain Has Been Subpoenaed By the SEC – CoinDesk

Riot Blockchain, the Nasdaq-listed company that made headlines last year after its pivot to cryptocurrency related services, has received a subpoena from the U.S. Securities and Exchange Commission. The disclosure was made in Riot Blockchain’s annual report, which was released on April 17. The company said in its filing that the SEC is “requesting certain … Read more