FATF to Intensify Scrutiny of Cryptocurrency
Jun21

FATF to Intensify Scrutiny of Cryptocurrency

The Financial Action Task Force (FATF) has announced plans to tighten oversight of cryptocurrency firms as part of an effort to reduce money laundering, Reuters reported on Friday. The global regulatory body suggested that the new oversight measures would require registration and supervision for cryptocurrency exchanges, customer checks, and increased reporting of suspicious transactions.

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Malaysia to Pilot New Visa Program to Attract Foreign Blockchain Talent
Jun20

Malaysia to Pilot New Visa Program to Attract Foreign Blockchain Talent

The government-owned Malaysia Digital Economy Corporation (MDEC) will reportedly pilot a new work visa program for foreign blockchain technology talent, The Star reported this week. The program will seek to identify and attract tech workers to help meet Malaysian blockchain companies’ need for talent.

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Congress Calls for Pause in Facebook’s Libra Project
Jun18

Congress Calls for Pause in Facebook’s Libra Project

Facebook founder Mark Zuckerberg began the rollout of his company’s Libra cryptocurrency project on Tuesday, CNBC reports. Within hours, House Financial Services Committee chair Maxine Waters responded by calling for the company to pause its project to give Congress and regulators an opportunity to react.

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Major Japanese Manufacturers Plan Blockchain-Based Data-Sharing Initiative
Jun17

Major Japanese Manufacturers Plan Blockchain-Based Data-Sharing Initiative

100 of Japan’s major manufacturers reportedly plan to participate in a new blockchain-based data-sharing initiative, Nikkei Asian Review reports. The companies plan to use a secure blockchain technology system to share information like product design data, quality control details, and status reports for production equipment, in a bid to improve efficiency.

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Europol Reveals New Game Designed to Teach Investigators to Trace Cryptocurrency
Jun15

Europol Reveals New Game Designed to Teach Investigators to Trace Cryptocurrency

Cryptocurrency experts from the worlds of law enforcement and private industry gathered at Europol’s European Cybercrime Center in The Hague from June 12th to the 14th, for Europe’s biggest cryptocurrency law enforcement conference. Europol revealed to the conference attendees that it has partnered with the Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research (CENTRIC) to develop a “serious game” to train investigators to trace cryptocurrency transactions.

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Bakkt to Begin User Acceptance Testing for Bitcoin Futures on July 22
Jun13

Bakkt to Begin User Acceptance Testing for Bitcoin Futures on July 22

Bakkt COO Adam White announced in a blog post today that the company will begin user acceptance testing for its anticipated Bitcoin futures on July 22, 2019. The platform’s futures product is expected to be followed by other cryptocurrency offerings in the future.

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CCN Reverses Course, Just Two Days After Announcing Shutdown
Jun12

CCN Reverses Course, Just Two Days After Announcing Shutdown

On Monday, cryptocurrency news site CCN announced that it was shutting down due to a dramatic drop in traffic it attributed to the recent Google June 2019 Core Update. Today, an announcement on the site suggests that those plans have been shelved – at least for now.

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Visa Relying on DLT Elements in New Cross-Border Payments Network
Jun11

Visa Relying on DLT Elements in New Cross-Border Payments Network

Visa has announced the launch of its new Visa B2B Connect payment network, Reuters reported on Tuesday. The network uses elements of blockchain technology to allow financial institutions to rapidly process international corporate client payment transactions at lower cost.

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CCN Shutting Down, Cites Google’s June Core Update as Reason
Jun10

CCN Shutting Down, Cites Google’s June Core Update as Reason

Six-year-old cryptocurrency news outlet CCN announced on Monday that it is shutting down due to a sudden and dramatic drop in Google search traffic in the wake of the June 3 Google Core Update. Jonas Borchgrevink, Director & Founder of CCN Markets and Hawkfish AS, made the announcement in a post on CCN’s website that claims traffic dropped by more than 71% on mobile within one day of the update.

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Some Vancouver Officials Urging Ban on Bitcoin ATMS
Jun08

Some Vancouver Officials Urging Ban on Bitcoin ATMS

Some officials in Vancouver have taken aim at the city’s more than five dozen Bitcoin ATMs, with the mayor reportedly calling for a ban on the machines, The Star reports. The largely unregulated cryptocurrency ATMs have been criticized by Vancouver’s police as ideal vehicles for money laundering.

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Proposed India Bill Includes 10-Year Prison Penalty for Cryptocurrency Dealings
Jun07

Proposed India Bill Includes 10-Year Prison Penalty for Cryptocurrency Dealings

India’s proposed anti-cryptocurrency legislation, “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” contains language that proposes a 10-year prison term for citizens who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies,” according to a Friday report from Business Today:

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Report: Facebook to Give Control of Its Cryptocurrency to Independent Foundation
Jun06

Report: Facebook to Give Control of Its Cryptocurrency to Independent Foundation

Facebook reportedly plans to allow an independent foundation to manage governance of its new cryptocurrency , according to a report from The Information. That independent group will include financial and technology companies that Facebook has recruited as financial backers for its cryptocurrency project.

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SEC Files $100 Million Suit Against Kik for Alleged Securities Violations
Jun05

SEC Files $100 Million Suit Against Kik for Alleged Securities Violations

The United States Securities and Exchange Commission has filed a $100 million lawsuit accusing Canadian startup Kik of selling unregistered securities when it conducted its Kin token offering in 2017, CNBC reports.

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McAfee Freedom Coin to Launch This Fall
Jun03

McAfee Freedom Coin to Launch This Fall

Antivirus software pioneer John McAfee announced in a post on Twitter that he plans to release his own cryptocurrency in the fall. According to the longtime cryptocurrency advocate and 2020 presidential candidate, the coin will be called the McAfee Freedom Coin and is designed to achieve what he calls “the Holy Grail of cryptocurrency – economic freedom.”

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State Farm and USAA are Testing Blockchain Auto Claims Solution
Jun02

State Farm and USAA are Testing Blockchain Auto Claims Solution

State Farm and USAA have announced that they are currently testing a blockchain solution designed to speed up the auto claims subrogation process, CollisionWeek reports. The announcement was made during the 2019 Dig in Conference.

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Cryptopia Liquidators Release First Report on Exchange’s State of Affairs
Jun01

Cryptopia Liquidators Release First Report on Exchange’s State of Affairs

Cryptopia’s assigned liquidator, Grant Thornton, released its first report on the exchange’s state of affairs on Friday, May 31. In a press release announcing the report, the firm noted that it is continuing its efforts to secure assets that were lost in a January hack of the exchange.

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Coinbase Adds Support for EOS
May30

Coinbase Adds Support for EOS

Coinbase announced on Thursday that it is now supporting EOS on Coinbase.com, as well as its apps for both Android and iOS. The announcement was made via the company’s blog and confirmed that Coinbase users are now able to “buy, sell, convert, send, receive, or store EOS.”

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Dubai Land Dept Partners with UAE Lender for Blockchain-Backed e-Mortgage System
May28

Dubai Land Dept Partners with UAE Lender for Blockchain-Backed e-Mortgage System

The Dubai Land Department (DLD) has reportedly partnered with UAE lender Mashreq Bank to introduce a new electronic mortgage system powered by blockchain technology, The National reported Tuesday. The move by Dubai’s real estate department is designed to bolster home loan services and improve speed and efficiency.

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Korea’s Shinhan Bank Launches Blockchain-Powered Lending System
May27

Korea’s Shinhan Bank Launches Blockchain-Powered Lending System

Shinhan Financial Group (Shinhan Bank) has announced the launch of a new blockchain-powered loan system, South Korean media outlet Yonhap reported on May 27. The new system uses blockchain technology to verify proof documents submitted by borrowers during “non-face-to-face” lending.

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Swisscom Announces Blockchain-Powered Digital Art Gallery for Swisscom TV
May26

Swisscom Announces Blockchain-Powered Digital Art Gallery for Swisscom TV

Swiss telecom firm Swisscom has announced that dloop’s NOOW app will be available on Swisscom TV, enabling users to access digital artwork from selected artists, according to a press release on the company’s website. The app uses blockchain technology to protect art buyers’ ownership rights, while guaranteeing payments for content creators.

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