Attendees of North Korea’s Crypto Conference Might Violate Sanctions

Attendees of North Korea’s Crypto Conference Might Violate Sanctions

It is no news that the Democratic People’s Republic of Korea (DPRK), or simply North Korea, has been on the wrong side of the United Nations (UN) and the free world at large. Stemming from that, some sanction experts with the UN have made it clear that attending any conference in North Korea, including the upcoming crypto conference, is considered criminal. Therefore, attendees will be penalized for it. All hell broke loose in August when…

Read More

Financial Technology on the Rise: Visa Buys Fintech Firm Plaid for $5.3 Billion

Financial Technology on the Rise: Visa Buys Fintech Firm Plaid for $5.3 Billion

Visa, one of the largest and biggest payment systems in the world, is set to acquire one of the world’s largest financial technology (fintech) firms Plaid in a massive $5.3 billion deal. The payment giant, in a press release published two days ago, touted the fintech firm for the crucial roles it plays in the financial markets. As the major link between the financial world and the tech community, Visa looks to provide better customer…

Read More

Block.one Announces EOSIO 2.0: More Security, Speed and Stability

Block.one Announces EOSIO 2.0: More Security, Speed and Stability

Over six months after the crypto industry leader Block.one, parent of the cryptocurrency EOS, teased us with an improved version of the EOSIO 1.0 protocol, the blockchain firm is back on the scene with a better, faster and more secure version: the EOSIO 2.0. Around mid-2019, Block.one announced a newer version of the EOSIO 1.0 protocol. The newer version, which is obviously an upgrade from the first version, was dubbed EOSIO 2.0, and the crypto-oriented…

Read More

UK’s Regulator FCA to Monitor Money Laundering and Terrorism Finance via Crypto

UK’s Regulator FCA to Monitor Money Laundering and Terrorism Finance via Crypto

The UK’s Financial Conduct Authority (FCA) now supervises companies and business working with crypto for anti-money laundering (AML) and counter terrorism finance (CTF) compliance. In an announcement released on January 10th, the financial regulator said that it will supervise whether businesses dealing with cryptocurrencies and blockchain in the UK are complying with the relevant rules and regulations to curb money laundering and terrorism finance efforts. The FCA also put forth a list of requirements for…

Read More

Japan’s Financial Regulator Eyes Strict Limits on Crypto Margin Leverage

Japan’s Financial Regulator Eyes Strict Limits on Crypto Margin Leverage

Japan’s Financial Services Agency is planning to impose strict restrictions on permitted leverage for margin trading in cryptocurrency exchanges. The planned changes were reported by the Japanese news outlet Japan Times which references sources at the agency. The financial regulator is pushing for these restrictions in order to reduce the risk for margin traders on cryptocurrency trading platforms. According to the report, only twice as much as the deposited amount will be allowed as leverage….

Read More

Spain’s Telecom Giant Telefonica to Host 8,000 Firms on its Blockchain Network

Spain’s Telecom Giant Telefonica to Host 8,000 Firms on its Blockchain Network

Telefonica, one of Spain’s biggest and largest telecommunications companies (and the world’s), announced last week that it is throwing an open-house party for as many as eight thousand crypto and blockchain firms in its new blockchain garden. To cater to such a gigantic crowd, the telecom giant joined forces with the local Association of Science and Technology Parks (APTE). Via the partnership, up to 8,000 local blockchain and crypto startups will have uninterrupted access to…

Read More

DMG Blockchain Announces New Big Client While Ending Partnership with Bitmain

DMG Blockchain Announces New Big Client While Ending Partnership with Bitmain

The Canada-based blockchain and crypto company, DMG Blockchain Solutions Inc. (formerly known as Aim Explorations Ltd.) has announced the addition of another major client, but also the termination of the partnership with the world’s largest crypto mining chip maker, Bitmain. Filled with joy for the new big partnership formed and also sour about the end of the collaboration with Bitmain, DMG released a press release to share the good news with its clients and the…

Read More

China Rolls Out National Blockchain Network to Enhance Virtual Economy

China Rolls Out National Blockchain Network to Enhance Virtual Economy

China’s nationwide blockchain network is due to be launched in the upcoming months. The blockchain-based service network (BSN) will contribute to improving the infrastructure of the blockchain sector in the country to develop the layout for newer blockchain projects and accelerate the growth of smart cities and the virtual economy. The BSN is being released six months after the testing process for the technology began. The new network will be backed by the State Information…

Read More

CFTC Asks Court for More Time Finding CEO of Crypto Ponzi Scam Control Finance

CFTC Asks Court for More Time Finding CEO of Crypto Ponzi Scam Control Finance

Six months after the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Control Finance, the regulatory agency is yet struggling to capture the mastermind behind the crypto pyramid scheme. Filed mid-2018, the CFTC accused Control Finance and its Director Benjamin Reynolds of defrauding naive investors through a fraudulent crypto scheme. Consequently, the CFTC now wants to impose fines with regard to illicit trading and fraud. Since the inception of the case, the CFTC…

Read More

Crypto Gaming Platform Litemint Completes the Acquisition of Stellarport

Crypto Gaming Platform Litemint Completes the Acquisition of Stellarport

In an official statement released on January 1st, the gaming platform Litemint, and Stellarport, which is part of Stellar ecosystem, announced that the two companies have entered an agreement in which Litemint will be acquiring Stellarport. The press release states that Stellarport provides a compact multi-assets crypto wallet, and conducts and anchors the services and operations for Stellar Decentralized Exchange. Litemint will soon become a key player in the blockchain-based markets, merging $68.5 billion mobile…

Read More