Category: Cryptocurrency

May 03, 2018 BY Valentina Kirilova

Shyft publishes whitepaper outlining KYC/AML network for global economy

Shyft, a company redefining the KYC/AML infrastructure for the global economy, has just published its whitepaper outlining the blockchain framework for the standardization of regulatory, compliance and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML). According to surveys from Thomson Reuters’ KYC business unit, firms with greater than $10 billion USD…

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May 03, 2018 BY Mariela Naydenova

Telegram calls off its long-awaited public ICO

Telegram was is probably one of the most successful ICOs in history. The messaging app that offers unique texting features such as encryption, called off its public ICO after it raised the staggering amount of $1.7 billion in the presale round. Reportedly, the money raised is from a small, very private group of investors. The…

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May 02, 2018 BY Valentina Kirilova

Diamond backed token Carats introduces Diamond Pricing Algorithm

Carats.io, the diamond backed token, has introduced a sophisticated algorithm to compare individual diamond grade and daily market conditions that will achieve the often elusive goal of objective and consistent pricing. Carats.io Diamond Pricing Algorithm (DPA) will price three million diamonds, all valued over one billion USD. The digitization achieves highly reliable accountability, stability, and…

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May 01, 2018 BY LeapRate Staff

Australia regulator ASIC takes action on misleading conduct in ICOs

Australia financial regulator ASIC has issued a statement indicating that it is focused on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs). ASIC said that these offers can involve significant risks for investors that are often not disclosed or well understood. ASIC said that…

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April 30, 2018 BY Mariela Naydenova

Ethereum goes back to the top

After going down to $390, Ethereum just went back to almost $691, noting an increase of almost 80% in just under a month. The digital currency took a huge plunge following the massive price of $1,330 in December. The reason for the increase in price at the end of last year may be owing to…

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April 30, 2018 BY Mariela Naydenova

How China is becoming the real "king" of cryptocurrencies

While China may be doomed by many as the "not-to-go" place when it comes to cryptocurrencies, because of heavy regulations, the country may be the real king of cryptocurrencies after all. The well-known "heavens" of altcoins are countries such as Singapore, Japan, Estonia and others. All of these countries have embraced a rather friendly and…

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April 30, 2018 BY Valentina Kirilova

Abu Dhabi Global Market introduces regulatory framework for spot crypto asset markets

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has just informed the public that it has today published a consultation paper setting out its proposed framework to regulate spot crypto asset activities, including exchanges, custodians and other intermediaries, to be undertaken in ADGM. The FSRA is proposing a fit-for-purpose regulatory framework…

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