Russia is updating its manual for detecting money laundering risks, simplifying it while adding a broad categorization of cryptocurrency exchange transactions as high risk. The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as…
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The London-based crypto custody provider plans to develop its presence in North America and Asia. Cryptocurrencies have always faced challenges when it comes to reducing risk and making themselves regulatory compliant for traditional investors. Providing custody for Bitcoin and others is becoming increasingly more complex due to the nature of crypto: whoever has control of…
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India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system. India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system. According to The Times of India on Feb. 13, India’s Chief Election Commissioner Sunil Arora…
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The blockchain creation game from Ethereum completely sold out second LAND presale. A large part of the economy will always remain dependent on gamers. Whether it was parents throwing down $200 for a Nintendo Entertainment System back in the 1980s or millions enticed by freemium models, people around the world are drawn in by addictively…
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Major global crypto exchange Binance announced the launch of Binance Cloud, an infrastructure solution for crypto exchanges. Binance’s newly released Binance Cloud platform might be somewhat different from what the crypto industry expects the new feature to be. After Binance founder and CEO Changpeng Zhao (CZ) first hinted at the introduction of Binance Cloud on…
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The current pullback has resolved the overbought state of many cryptocurrencies and after a few days of consolidation the uptrend is likely to resume. After Bitcoin (BTC) scaled above $10,000 the mood among market participants turned hugely bullish. Daily talks of the asset making new highs blanketed crypto Twitter and this bullish sentiment also rubbed…
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A recent bull run in the crypto market left some industry players struggling to deal with the increased demand for their services. A major hardware wallet producer warned that their clients will need to wait longer for help, while a crypto trading giant is also experiencing “performance issues.” Downsides of a Bull Run One of…
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Source: iStock/Lisa-Blue Troubled Chinese crypto exchange FCoin expects that “the scale of non-payment is between 7000-13000 BTC” (USD 62.5 million – USD 116 million) after it run into troubles last week. The withdrawals have begun, but it’ll be slow and there isn’t money for all. (Updated at 14:35 UTC: updates throughout the entire text.) As…
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Four leading international telecommunications companies are testing a ‘production ready’ solution for automating inter-operator roaming discount agreements. A group of four international telecommunications companies are currently testing a blockchain-based solution to automate the management of inter-operator roaming discount agreements. According to a report published on Feb. 17 by Mobile Europe, Deutsche Telekom, T-Mobile US, Telefonica…
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FCoin comes up short, failing to pay out up to 7,000 to 13,000 BTC (around $67 million to $125 million) to users. Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it…
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