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How Artificial Intelligence is Promoting the Financial Services Industry
At the cusp of rapid technological innovation, we tend to see the financial services and banking industry keeping up with the latest advancements. As reported by The Next Web on May 7, 2019, artificial intelligence (AI) adoption in the financial industry has helped increase the speed and accuracy of processes by reducing the margin ofRead MoreRead More. дальше »
2019-5-13 09:00 | |
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Dash (DASH) Investment Foundation Set to Go Live
Dash (DASH), the 14th largest cryptocurrency in the world by market cap, has announced that its investment foundation called the Dash Investment Foundation is nearing completion. The team claims the primary objective of the investment fund is to strengthen the Dash distributed ledger technology (DLT) ecosystem through investment operations bankrolled by the network itself, accordingRead MoreRead More. дальше »
2019-5-13 01:00 | |
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FinCEN Issues Clear Guidance to Money Services Businesses (MSBs)
To serve as a reminder to persons who have the Bank Secrecy Act (BSA) obligations, the U. S. Financial Crimes Enforcement Network (FinCEN) on May 9, 2019, issued interpretive guidance. The guidance focuses on how FinCEN money services businesses (MSBs) regulations apply to certain ventures that deal with money transmission whose value is not denominated inRead MoreRead More. дальше »
2019-5-13 20:00 | |
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Malta: Crypto-Friendly Founders Bank Hires Ex Deutsche Executive as New CEO
Founders Bank, a Malta-based blockchain-friendly financial institution has hired Kenan Altunis, former Deutsche Bank chief executive officer, to function as its CEO, according to a Bloomberg report on May 9, 2019. дальше »
2019-5-12 09:30 | |
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Investment Opportunities still Abound in Digital Asset Space
In 2013, when Genesis Capital first began asking investors to buy a then $80 bitcoin, the line of conversation often ended with an abrupt no. “Nine times out of ten, they would just hang up the phone,” said Michael Moro, CEO of Genesis Trading and Genesis Trading. дальше »
2019-5-12 06:03 | |
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U.S. Congressman Proposes to Ban All Cryptocurrencies
U. S. Congressman Bradley Sherman, during a Financial Services Committee hearing, asked others in his party to join him to prepare a bill to ban all cryptocurrencies, reported The Block Crypto on May 09, 2019. дальше »
2019-5-11 21:00 | |
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Bitfinex Releases IEO Whitepaper, Claims $404 Million Net Profit in 2018
Under fire cryptocurrency exchange, Bitfinex, has released a whitepaper claiming they turned a $404 million net profit in 2018, as reported by Bloomberg on May 9, 2019. The information provided is not backed by evidence as the exchange only revealed select data from their financial statements. дальше »
2019-5-11 17:00 | |
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Binance Bolsters Security Measures Following $40 Million Bitcoin Hack
Binance CEO Chanpeng Zhao wrote in a blog, May 10, 2019, that they’re making significant changes to their security methods in the wake of the recent hack. Strengthening Defenses and Tracking Hackers On May 7, 2019, the largest cryptocurrency exchange Binance was hacked and a hefty amount of $40 million was stolen from its hot wallet. дальше »
2019-5-11 13:00 | |
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French Multinational Financial Institutions Settle $112 Million Transaction on Ethereum
Societe Generale S. A. , one of the largest financial institutions in France, issued covered bonds worth $112 million in the form of security tokens using the Ethereum blockchain. It was a pilot program to test how the use of blockchain and cryptocurrency could reduce the time and cost of settlement of securities, reported Bloomberg, May 09,Read MoreRead More. дальше »
2019-5-11 09:00 | |
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Harsh Crypto Regulations Force Another Indian Exchange out of Business
Indian crypto market faces another strong blow as Coinome exchange announced that it will be shutting down business from May 15, Quartz reported May 10, 2019. Third Major Crypto Business to Fall to Unfavorable Regulations The recent bill introduced by the Indian government that proposes a blanket ban on cryptocurrencies has had a far-reaching effectRead MoreRead More. дальше »
2019-5-11 01:00 | |
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Figure Tech Debuts $1 Billion Blockchain Loan Facility in Partnership with Jefferies and WSFS Banking Services
According to a press release issued May 9, 2019, Figure Technologies in conjunction with Jefferies and WSFS Banking Services recently completed a $1 billion asset-based loan facility on the Provenance blockchain. дальше »
2019-5-11 21:00 | |
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“Crypto Mom” Hester Peirce Bashes SEC for Stifling Innovation
Hester Maria Peirce, an American lawyer and a Commissioner on the United States Securities and Exchange Commission (SEC), has said in a speech on May 9, 2019, that the agency’s unwillingness to take meaningful actions towards regulating the cryptospace has stifled innovation. дальше »
2019-5-11 20:00 | |
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Scam Bitcoin Site Impersonates New Zealand’s Richest Man
A fraudulent bitcoin website is parading with the pictures of Graeme Richard Hart, the richest person in New Zealand to give people the false impression that he is an advocate of the platform. Also, articles on the scam website have the branding of the New Zealand Herald, a daily newspaper, according to an NZ Herald reportRead MoreRead More. дальше »
2019-5-10 19:00 | |
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Facebook to Pilot its Stablecoin in India Amid Ambiguous Crypto Regulations
Facebook is planning to pilot test its stablecoin in the India despite the country’s unwelcoming stance towards digital currencies. Unidentified sources told that the country still has room for expansion, reported Business Insider, May 10, 2019. дальше »
2019-5-10 18:00 | |
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Xether Launches Transparent Gambling Ecosystem on Smart Contracts
Gambling project Xether has announced the launch of an eponymous gambling ecosystem enabling one to play for ETH without signing up while obtaining steady income. Xether CEO Alexei Mischenko says: “For a long while, we’ve been searching for the meeting point between modern technology, financial systems, and good old gambling. дальше »
2019-5-10 18:00 | |
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Hedera Hashgraph’s Second Testing Phase Underway
Hedera Hashgraph, a Dallas-based company focused on developing high-speed blockchain alternatives has announced the launch of the second testing phase of its public distributed ledger by developer community and individuals in order to pilot the capability of the Hedera network, according to a VentureBeat report on May 9, 2019. дальше »
2019-5-10 17:00 | |
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US: SEC and CFTC Chairs Call for Digital Literacy Among Regulators
According to testimonies published May 8, 2019, the US Securities and Exchange Commission (SEC) and the US Commodities Futures Trading Commission (CFTC) have called for increased education regarding digital assets and blockchain technology. дальше »
2019-5-10 15:00 | |
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Singapore: New Internet Law Targets Free Speech More than Fake News
According to a post on TechCrunch, May 09, 2018, Singapore’s new law to fight fake news on the internet is likely to render the government unreasonable powers to control the content on online media, which could be a threat to free speech. дальше »
2019-5-10 12:00 | |
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Currency.com Launches Tokenized Government Bonds
Currency. com, a blockchain-based platform that claims to be the world’s first regulated tokenized securities exchange, announced the launch of the crypto version of the Belarusian government bonds and interested investors can now purchase the financial instrument with bitcoin (BTC), ether (ETH) and the fiat standard, according to Fintech Finance report on May 7, 2019. дальше »
2019-5-10 11:00 | |
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Bitcoin is a Sh*tcoin, Says Nouriel Roubini in Latest Anti-Cryptocurrency Rant
Like clockwork, every so often, nocoiners take turns to try to bash bitcoin (BTC) but with little success. This time around, it is New York University (NYU) Economics Professor, Nouriel Roubini, using colorful language to describe bitcoin while ranting that he didn’t care about the price of BTC, the New York Post reports May 8,Read MoreRead More. дальше »
2019-5-10 09:00 | |
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Binance Hackers Are Juggling the Stolen Bitcoin Between Multiple Wallets
Hackers who stole $40 million worth of bitcoin from Binance hot wallet are now juggling the stolen proceeds across multiple wallets by breaking them into smaller fragments, suggested a report from blockchain service company Coinfirm, May 08, 2019. дальше »
2019-5-10 05:00 | |
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Exploring the Viability of Crypto Mining in the Renewable Energy Future
With the world going green, we explore the high cost of crypto mining and if it is sustainable in the long-term. It is no secret that the world runs on energy and for the last few years, there has been a conscious effort all over the globe to make sure that the energy being usedRead MoreRead More. дальше »
2019-5-10 01:00 | |
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Major Energy Companies Invest $6 Million in Blockchain Startup Data Gumbo
The American blockchain startup Data Gumbo Corp. secured $6 million in its Series A funding. It was co-led by the venture arm of the largest petroleum and natural gas company Suadi Aramco, reported World Oil on May 8, 2019. дальше »
2019-5-10 23:00 | |
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A Group of Heavyweight Crypto Traders Wants to Blacklist Unapproved Counterparties
A group of institutional cryptocurrency traders is calling for the creation of a blacklist of counterparties known to revoke trades and engage in criminal activity, as reported by Bloomberg on May 9, 2019. дальше »
2019-5-10 21:00 | |
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Major Crypto Laundering Business Uncovered in Spain
Europol has announced the arrest of eight individuals in Spain who allegedly have ties to a criminal organization that is involved in cryptocurrency laundering services, May 08, 2019 $10 Million Credit Received in Cold and Hot Wallets It seems as though the more the regulatory authorities are trying to bind the crypto industry within strictRead MoreRead More. дальше »
2019-5-10 20:00 | |
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Facebook Softens Ads Policy Amidst Stablecoin Launch
After placing an outright ban on all forms of cryptocurrency and distributed ledger technology (DLT) related advertisements last year, social media giant, Facebook has announced an update to its policy to enable some “clean” digital assets and blockchain related ads to fly once again on its platform, according to a blog post on May 8,Read MoreRead More. дальше »
2019-5-9 19:00 | |
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Mining firm Hut 8 Announces $136 Million Loss in 2018
Canadian mining firm Hut 8 Mining has published its financial statements and results for 2018. Hut 8 announced a net comprehensive loss of $136 million, adding to the list of companies negatively affected by the best market, in a press release on May 8, 2018. дальше »
2019-5-9 18:00 | |
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Top Canadian Law Firms Collaborate to Explore the Benefits of Blockchain in the Legal Industry
Law-focused blockchain startup OpenLaw announced on May 7, 2019, that six of Canada’s leading law companies – in partnership with blockchain consultancy firm GenesisB – will develop an “innovative smart legal template” on the Ethereum blockchain. дальше »
2019-5-9 17:00 | |
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Sundar Pichai Says Google Committed to Protect User’s Privacy
At a time when people are becoming increasingly interested in knowing how social media platforms and other firms handle their personal data, Google CEO, Sundar Pichai has revealed that though the search engine giant uses people’s data to give them the best experience, they still put in much efforts to protect users’ privacy, according toRead MoreRead More. дальше »
2019-5-9 15:00 | |
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Bitcoin, Ether, and XRP Weekly Market Update: May 9, 2019
The total crypto market cap is $13. 5 billion up for the seven-day period and now stands at $188. 8 billion. The top 10 currency are mostly in green for the same time frame with Bitcoin (BTC) being the biggest gainer with 13. дальше »
2019-5-9 11:15 | |
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Malaysian Stock Exchange to Deploy Blockchain in Securities Borrowing and Lending Market
Kuala Lumpur-based stock exchange, Bursa Malaysia is mulling developing a blockchain-based securities borrowing and lending (SBL) proof-of-concept, reports Regulation Asia, May 7, 2019. The First of Its Kind Proof-of-Concept in South-East Asia In an attempt to imbibe a greater degree of transparency and efficiency in the Malaysian SBL market, the country’s stock exchange Bursa MalaysiaRead MoreRead More. дальше »
2019-5-9 11:00 | |
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Verizon Security Report: 23 Percent of Data Breaches Carried Out by State-Sponsored Cybercrime Syndicates
A Verizon internet security report shows that state-sponsored hacking is becoming an increasingly larger part of global cybercrime, ZDNet reports, May 8, 2019. The Verizon report also showed that hackers prefer cryptocurrency to launder their stolen funds or to demand ransom payments. дальше »
2019-5-9 09:00 | |
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ABBC Foundation Deepens its Lineup of Global Partnerships
ABBC Foundation witnessed huge improvements and continuous development within Q1 2019. Since the official settlement with Alibaba Group, ABBC Foundation established its new R&D facility in the United States to facilitate the soon-to-be-launched Coin Shopping Mall (CSM). дальше »
2019-5-9 08:00 | |
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Zebpay CEO: India Bitcoin Ban Fears Unfounded
Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. дальше »
2019-5-9 05:00 | |
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Litecoin Core v0.17.1 Upgrade Now Live
Litecoin, the blockchain project in charge of the fifth largest cryptocurrency in the world by market cap, has announced the release of Litecoin Core version 0. 17. 1. The update will enable users to send cost-efficient and fast payments, according to Medium blog post on May 6, 2019 Litecoin Upgrades . дальше »
2019-5-9 01:00 | |
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Orchid Labs Wants to Build a Natural Internet
Orchid Labs let its audience in on their recent developments in a May 8, 2019 blog post. This included a successful $43 million funding round, its probabilistic micropayments feature, the Orchid app and more, that will contribute to their motto of a natural Internet, May 08, 2019. дальше »
2019-5-9 23:00 | |
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Crowdfunder Sued for Misappropriating Funds over $800,000 to Buy Bitcoin
The U. S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts. дальше »
2019-5-8 21:00 | |
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FBI Arrests Individuals Suspected of Involvement in Running Dark Web Marketplace
According to a report by TechCrunch published May 7, 2019, the Federal Bureau of Investigation (FBI) has arrested several individuals suspected of running the deep web search engine called Deep Dot Web. дальше »
2019-5-8 20:00 | |
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Sequoia Capital China to Layoff 20 Percent of its Workforce
Sequoia China, the Chinese arm of Sequoia Capital, could possibly layoff as much as 20 percent of its investment professionals due to an industry slowdown leading to investors’ low appetite for risk, reports Reuters on May 6, 2019. дальше »
2019-5-8 19:36 | |
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Turkish University Launches Blockchain Center at a Boston University
In a bid to provide the relevant information and infrastructure needed for the study of distributed ledger technology (DLT), Turkey’s BlockchainIST, Bahcesehir University (BAU), the region’s first university-level center for blockchain research, has erected a state-of-the-art DLT center at Boston’s Northeastern University, reports Daily Sabah on May 8, 2019. дальше »
2019-5-8 19:00 | |
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Nifty Football Launches Ethereum-based Trading Card Marketplace
The tinkerers behind BlockCities, CryptoKaiju, and KnownOrigin have launched another Non-Fungible Token (NFT) project called Nifty Football. The marketplace offers users a chance to buy and trade assorted Ethereum-based collectibles of football players. дальше »
2019-5-8 18:23 | |
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Report: Universal Basic Income Is not Sustainable
A study published by Public Services International has cast major doubt over the impact that a universal basic income (UBI) scheme will have on eradicating poverty and raising living standards, as reported by The Guardian on May 6, 2019. дальше »
2019-5-8 18:00 | |
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Crypto and the Dark Web: An Unholy Alliance or An Inevitable Side Effect?
With the use of cryptocurrencies increasing on the dark web, we explore what the possible long-term effects this type of usage will be on the adoption front. Crypto in Shadows One of the most fascinating concepts on the internet is the dark web. дальше »
2019-5-8 17:00 | |
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Australian Securities Exchange Opens Blockchain-based Customer Development Environment
On May 7, 2019, the Australian Securities Exchange (ASX), Australia’s primary securities exchange, announced the opening of its Customer Development Environment (CDE), a blockchain-based equity clearing and settlement platform which can be used by its customers for interacting and experimenting. дальше »
2019-5-8 16:00 | |
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Study: Cryptocurrency Trading Bots on the Rise
There are many organizations and corporations that are eager to use blockchain to increase efficiency and transparency in their respective sectors. However, it appears as though there are a growing number of bots that are exploiting vulnerabilities in various cryptocurrency exchanges according to a Homeland Security News Wire article published on May 6, 2019. дальше »
2019-5-8 15:00 | |
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Project Inthanon: Wipro and R3 Launch Interbank Settlement Blockchain with Digital Currency
In a press release to the Bombay Stock Exchange on May 7, 2019, Indian IT powerhouse Wipro along with the R3 consortium announced the launch of an interbank settlement blockchain that will utilize digital currencies. дальше »
2019-5-8 13:00 | |
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Binance Hacked, 7,000 BTC Stolen From Hot Wallet
Crypto hackers struck again as 7,000 BTC was stolen from Binance’s hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute their attack. дальше »
2019-5-8 11:00 | |
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Is Europe Regulating the Internet to the Point of Censorship?
Many governments around the world are increasingly concerned about the growing power and influence of technology companies, but none of them seem to be taking action the same way as Europe. However, some wonder whether European regulations are excessive in its attempt to check the power of these corporations, as reported by The New YorkRead MoreRead More. дальше »
2019-5-8 09:00 | |
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Blockchain Cruise Takes Place on the Mediterranean from June 9 to 13, 2019
The 2019 CoinsBank Blockchain Cruise will set sail from June 9 to 13, 2019. CoinsBank is a blockchain solutions provider that includes products like a digital wallet and services like an exchange and merchant tools for cryptocurrencies. дальше »
2019-5-8 01:00 | |
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