League of Legends Co-Creator Loses $5 Million in Major Crypto Scam

Riot Games Co-Founder Marc Merrill reportedly lost $5 million in a crypto scam. A fraudster used his credentials to purchase Amazon cloud computing servers. It took nearly four years for the fraud to be discovered. One of the co-founders of Riot Games, the developer behind League of Legends, has reportedly lost $5 million in a […] The post League of Legends Co-Creator Loses $5 Million in Major Crypto Scam appeared first on CCN.com

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10% of MoneyGram’s US-Mexico Business is Crypto-Enabled

An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries. The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to change its operations anyway. Already well-suited for securely transferring units of value around the world, the same technology that powers Bitcoin holds great implications for the world’s remittance businesses. Ripple is among the most…

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