Tag: Blockchain

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UK Financial Watchdog FCA Now Supervises AML/CTF Compliance of Crypto Businesses

Britain’s Financial Conduct Authority now monitors anti-money laundering and counter terrorism financing for companies carrying out cryptocurrency-related activities. Britain’s Financial Conduct Authority (FCA) now monitors anti-money laundering (AML) and counter terrorist financing (CTF) for companies carrying out cryptocurrency-related activities. According to an official announcement published on Jan. 10, FCA will supervise whether United Kingdom-registered businesses…
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Blockchain Social Media Startup Voice Hires Ex Forbes Exec as CEO

Decentralized social media platform Voice has hired ex-Forbes executive Salah Zalatimo as CEO, just ahead of its public beta launch. Ahead of its upcoming public beta launch, decentralized social media platform Voice announced that it hired former Forbes chief digital officer, Salah Zalatimo, as its new CEO, according to a press release, Jan. 9. Zalatimo…
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Report: Ethereum, Tron and EOS Dominated DApp Ecosystem in 2019

DappReview published its 2019 report, highlighting DeFi growth on Ethereum and EOS’ congestion struggles. DappReview published its 2019 insights on the decentralized app (DApp) space in a Jan. 8 report. Just three blockchains accounted for 98.65 percent of total transaction volume, though EOS began to struggle in Q4 2019. Decentralized app aggregator DappReview summarized the…
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China Prepares for CBDC With Cryptography Law on Encryption Standards

On Jan. 1, China’s law governing cryptographic password management came into power. What does it mean? On Jan. 1, China’s law governing cryptographic password management came into power. Essentially, the act aims to set standards for the application of cryptography and the management of passwords, and, therefore, ultimately reduces China’s cyber vulnerabilities on a nationwide…
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Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

Bithumb shows interest in a 10 billion won investment into South Korea’s regulatory free zone in Busan. Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox.  Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South…
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Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC

Crypto exchange Deribit leaves the Netherlands for Panama to avoid demanding EU regulations that the Dutch nation might adopt. Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements.  Deribit B.V., the current Netherlands-based company responsible for the Deribit.com exchange, will…
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Telecom Giant Telefonica Pilots Blockchain Access on 8,000 Spanish Firms

Telecom giant Telefonica partners with the local Association of Science and Technology Parks to grant to about 8,000 firms in Spain access to its blockchain. Spanish telecommunications giant Telefonica has reportedly partnered with the local Association of Science and Technology Parks (APTE) to grant access to its blockchain to about 8,000 firms in Spain. According…
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Oman’s Largest Port Joins IBM’s Blockchain Shipping Platform TradeLens

Oman’s largest port joins IBM and Maersk blockchain-based TradeLens platform to enhance customer experience and improve trade flows. On Jan. 8 the Times of Oman reported that the Port of Salalah joined TradeLens, the blockchain-based supply chain platform launched in 2018 by shipping giant Maersk and IBM.  An IBM spokesperson told Cointelegraph the addition of…
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US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine

The U.S. SEC charges Donald Blakstad for using a fake crypto mining business and two other companies to fraudulently gain $3.5 million. Recent charges from the U.S. Securities and Exchange Commission (SEC) tied three parties to $3.5 million in fraudulent activities.  The SEC has pressed charges of fraud against Donald Blakstad, crypto mining outfit Energy…
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KPMG Leader Predicts IoT and Blockchain Will Be Used To Manage Climate Change

KPMG lead predicts blockchain and IoT will enable effective climate management in 2020, a topic to be discussed during Davos. Accounting giant KPMG’s US blockchain lead, Arun Ghosh, predicts that blockchain, combined with the Internet of Things (IoT) will be used to manage climate change in 2020.  IoT is a term for systems of interrelated…
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