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.
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.
Lithuania’s government is moving closer to initiating regulation of its cryptocurrency space after approving new rules this week, Lithuanian media outlet Delfi reports. The new regulatory measures are part of the country’s effort to reduce the risk of money laundering and terror financing.
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.
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.
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.
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.
The G20 issued a joint communiqué on June 9, after concluding its latest meeting in Fukuoka, Japan, in which it called on the Financial Stability Board (FSB) and international standard-setting bodies to continue to monitor risks related to cryptocurrency.
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.
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:
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.
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.
The U.S. Federal Bureau of Investigation is now seeking information from any QuadrigaCX users who have concerns about their accounts or believe that they may be victims. In a publication posted on the FBI website Monday, users are asked to complete a questionnaire to document their concerns or identify themselves as victims.
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.”
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.
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.
When central bankers and finance ministers from the Group of 20 (G20) countries meet in Fukuoka, Japan in June, they are reportedly hoping to come to an agreement on cryptocurrency exchange oversight. In fact, a report from Nikkei Asian Review on Friday suggests that they are eyeing the creation of a single registry for all cryptocurrency exchanges around the world.
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.”
The Central Bank of the Bahamas (CBOB) will soon sign an agreement with technology solutions provider NZIA Limited to develop The Bahamas’ national digital currency, The Nassau Guardian reports today. The parties are expected to sign the agreement tomorrow, engaging the company to design and develop a national digital currency and payment system that could be ready for testing by 2020.
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.