China’s blockchain driven mutual aid program signs 100 million customers LeapRate

December 02, 2019 BY Valentina Kirilova

China’s blockchain driven mutual aid program signs 100 million customers

After President Xi’s recent call for everyone in his country to embrace blockchain technology, one would think that China might have been biding its time regarding any commitments to the innovative decentralized ledger system. Nothing could be further from the truth. The government’s attitude may seem to have become “Blockchain, not Bitcoin”, but the private…

November 29, 2019 BY Valentina Kirilova

Skrill adds crypto-to-crypto buy and sell feature to its offering

Paysafe’s digital wallet, Skrill, has announced earlier this week that its clients can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Skrill's customers will no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new…

November 28, 2019 BY Valentina Kirilova

Fidelity gets competitive leg up in NY State on proposed Schwab/TDA deal

Fidelity Digital Asset Services (FDAS) has announced that New York officials have given it the green light to offer crypto trading services to its clients in the state. FDAS, a subsidiary of Fidelity Investments, has received a “BitLicense”, a coveted legal requirement to do business in the Empire State, from the New York State Department…

November 27, 2019 BY Mariela Naydenova

HSBC to track $20 billion worth of assets on a blockchain platform

HSBC is revolutionising the way the bank tracks and records assets. Currently, Reuters reported that HSBC plans to shift around $20 billion worth of assets from paper records to a new digital blockchain platform. The shifting is expected to take place by March and it will be one of the biggest deployments of blockchain ever…

November 27, 2019 BY Mariela Naydenova

The latest update on the OneCoin Ponzi scheme - who else was involved

After years of chasing the founder of the largest Ponzi scheme in the crypto world, Ruja Ignatova, her brother, Konstantin Ignatov finally pleaded guilty for committing fraud and money laundering. Not only did he admit these crimes, but he also accused the founder of a racehorse fund of stealing $110 million from the Ponzi scheme.…

November 26, 2019 BY Valentina Kirilova

LMAX Digital starts publishing daily trading spot volumes

Institutional spot crypto currency exchange LMAX Digital has started publishing its daily trading spot volumes on its official website, www.lmaxdigital.com. The company’s move to start publishing its volumes aims to add greater transparency around real spot volumes traded daily in the industry. Jenna Wright, Head of LMAX Digital, commented: We believe that placing LMAX Digital…

November 26, 2019 BY Valentina Kirilova

EU launches €400M investment fund to enable AI and Blockchain projects

The European Commission and European Investment Fund (EIF) has launched a new investment program for the benefit of developments in Artificial Intelligence (AI) and Blockchain technology. The initial scope of the fund will be €400 million, but it could grow to €2 billion over time. The new initiative is seen as a stopgap measure to…

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

November 25, 2019 BY Valentina Kirilova

Blockchain benefits seafood industry – European salmon producers agree

Have you ever questioned where your food came from, especially when dining on supposedly fresh seafood? Today’s food consumer is quickly becoming more conscious of the quality of ingested food, as information floods the market of contaminated sources and production methods. As more and more companies are discovering, blockchain technology offers a far better solution…

November 22, 2019 BY Valentina Kirilova

CipherTrace conference sheds light on FATF ‘Travel Rule’ for user info

As we have reported on several previous occasions, the regulatory establishment and government officials want to dismantle the anonymity privileges that various blockchains provide for crooks, money launderers, and those intent on funding terrorist operations. The “noose”, orchestrated by this group, is slowly tightening around the neck of the crypto community. The previous G20 meeting…

November 22, 2019 BY Valentina Kirilova

Agencies of the U.S. Treasury getting tough on crypto AML compliance

Steve Mnuchin is determined to become the proverbial “fly” in the crypto “ointment”. The head of the U.S. Treasury made it clear last July, when Facebook’s Libra project was taking a beating in Congress, that he is no fan or friend of cryptocurrencies. Whether it is his personal opinion or just agreeing with President Trump’s…

Category: Cryptocurrency