Category: Cryptocurrency
Binance and its local subsidiary have set up a $50 million fund to reinvigorate growth in blockchain startups in India following a Supreme Court decision to allow banks to service crypto firms. Binance and India based bitcoin exchange WazirX – which Binance acquired in November – announced Tuesday their new Blockchain for India fund would […]
A Chinese multi-billion dollar scam known as PlusToken is moving their holdings of Bitcoin once again. In 2019, when the price of BTC dropped to $6000, analysts attributed the fall to the dumping of funds by the fraud. The Bitcoin locked in the PlusToken wallet are on the move again, noted for another “whale” transfer. […]
Qatar bans Crypto Trading – According to a recent report from the news outlet International Investment, the Qatar Financial Centre (QFC) Regulatory Authority has said that “Virtual Asset Services may not be conducted in or from the QFC at this time.” The services include fiat-to-crypto and crypto-to-crypto trading, custody, and financial services related to virtual […]
Introduced by the French Pact law, the French regime for initial coins offerings provides for the possibility for a tokens issuers to request the AMF approval. A first public offering has just obtained this visa from the regulator. Conditions for granting approval When issuing an optional visa for a public offer of tokens, the AMF […]
Two citizens from Russia are facing prosecution for their alleged role in infecting state-controlled computers with a program that would mine cryptocurrency. The two suspects, which went unnamed in the report by local news outlet Tass, allegedly infected computers at state organizations with a program that would mine cryptocurrency via a web browser. Russia has seen a […]
A Chinese cryptocurrency fitness app has reportedly been placed under investigation for illegal fundraising practices and financial fraud. According to the report the market regulator in Changsha is investigating a fitness app that promised to reward users with cryptocurrency “candies” in exchange of being actvie. By clocking 4,000 steps a day for 45 days, users […]
Two firms – cryptocurrency mining pool Simplecoin and bitcoin gaming platform Chopcoin – are shutting down over the AMLD5 European Union regulation coming into effect Jan. 10, 2020. A notice on the Simplecoin website reads that it is closing down on Jan. 1 because the new rules will require the firm to implement several anti-money laundering (AML) […]
JPMorgan’s blockchain-based payment network will launch in Japan in early 2020. Based on JPMorgan’s in-house blockchain platform Quorum, the Interbank Information Network (IIN) intends to accelerate payment transactions as well as address major challenges of sharing data between banks. If all goes as planned, the IIN service would launch in Japan in January, as communicated to […]
Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). The coin will be a stablecoin pegged 1:1 to the U.S. dollar — which the BVI have used since 1959 — and its use is expected to reduce transactional fees, increase transaction speed and […]
A US lawyer has been found guilty for his role in the $5 billion OneCoin cryptocurrency scam and is facing a 50 year jail sentence. The scheme’s mastermind, Dr Ruja Ignatova, is still missing. She is believed to have defrauded million of investors worldwide and has been dubbed the “Cryptoqueen”. Mr Scott’s lawyers had said […]