Last week, crypto exchanges BitMEX and Gemini went offline for a short period during the market turbulence. The markets saw a plunge of bitcoin by 50 percent. During that time Bitfinex was able to process trading volumes of more than $1billion. Delchain Limited, licensed provider of custody, banking, capital markets an initial offering advisory solution…
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INTERPOL Secretary General Jürgen Stock commented: Criminals are exploiting the fear and uncertainty created by COVID-19 to prey on innocent citizens who are only looking to protect their health and that of their loved ones. Steven Yang, marketing director at AnChain.AI, noted that some of the scams are being facilitated by cryptocurrency. His company has…
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Crypto market analyst with more than 63,000 followers was accused for photoshopping screenshots to create the impression of more successful trade than reality. Twitter user with the alias “King” posted screenshots on 14 March that allegedly expose that crypto analyst Jacob Canfield has manipulated images of his trade performance to mislead his followers. In response…
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France’s Financial Markets Authority (AMF), proposed a regulatory sandbox to study the impact of security tokens in the European Union. On 6 March the AMF proposed a European “Digital Lab” regulatory sandbox that would allow local regulators to set security settlements requirements aside with the hope that this will help develop a security token market…
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Blockchain.com, cryptocurrency products provider, just launched its new product offering – Borrow which allows users to borrow USD-denominated stablecoins against crypto assets. It is the first major crypto platform to offer lending directly to everyday consumers. Last August Blockchain.com launched institutional lending desk which quickly expanded originations from $10M in the first month to $120M…
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US-based crypto exchange, Kraken, announced its intention to grow its operation in the Indian market following the recent ruling of the country’s Supreme Court to lift the ban against banks doing business with crypto companies. Kraken growth in India was until recently hampered by the Reserve Bank of India (RBI) ban. However, the company do…
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The Swedish Minister of Foreign Affairs Ann Linde has urged Ukraine to take action against the alleged cryptocurrency fraud operation targeting vulnerable inexperienced investors in Sweden, Australia, New Zealand and UK. Swedish national newspaper Dagens Nyheter (DN) exposed the so-called “fraud factory”, operating from Kyiev after investigation. Ukraine-based Milton Group allegedly defrauded investors by offering…
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Ukraine’s revenue agency has published guidance for taxpayers to report their digital assets holdings as intangible property, similar to intellectual property or licenses for natural resources extraction. Cryptocurrency is indicated in the guidance in accordance with the Financial Action Task Force (FATF)'s definition – as a virtual unit with value that can be traded and…
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The Supreme Court of India has taken down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms imposed nearly two years ago. The court’s bench of three judges decided on Wednesday in favor of the petitions of crypto exchanges and startups. The RBI made a decision in April 2018 to…
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Jon Cunliffe, the deputy governor for the financial stability of the Bank of England (BoE), warned that the rise of crypto economy may ultimately weaken or even eliminate bank credit issuance. In a speech at the London School of Economics on 28 February, Cunliffe predicted that implementation of stablecoins on social media platforms may lead…
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