Refinitiv Provides KYC Automation For Cryptocurrency Exchange Binance
Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume. Effective KYC tools are becoming a critical need for the cryptocurrency industry with the increasing demand for regulatory oversight. The solution will enable Binance […]
SWIFT India and MonetaGo Partner to Benefit Indian Banks
SWIFT India, a leading provider of secure financial messaging services for the Indian financial community and MonetaGo, a leading provider of financial technology, announced today a partnership and pilot program aimed at benefitting all Indian Banks. Based on MonetaGo’s financial services network technology integrated through standardized SWIFT financial messages, the banks will use a shared […]
Bitcoin SV Mines 64 MB Block as Support for Bitcoin SV Grows
Bitcoin SV, the new full node implementation for Bitcoin Cash (BCH) mined a 64MB block, the world’s largest ever on a public blockchain. The huge block was mined by CoinGeek Mining, during an on-going Professional Stress Test of the BCH network. Just one hour before, a 38MB block was mined, also using the Bitcoin SV […]
Bank of Thailand: Using Digital Currency Takes Time in Thailand
A plan to use digital currency, instead of cash, will not happen in Thailand within the next 3-5 years, said Veerathai Santiprabhob, Governor of Bank of Thailand (BoT). Mr Veerathai admitted that the use of digital currency, although success in some developed countries, is not easy and takes time because of complication, a readiness of […]
Bitcoin-Rigging Criminal Probe Focused on Tie to Tether
As Bitcoin plunges, the U.S. Justice Department is investigating whether last year’s epic rally was fueled in part by manipulation, with traders driving it up with Tether — a popular but controversial digital token. While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they’ve recently homed in on suspicions that a tangled […]
India’s Ready to Clarify its Stance on Cryptocurrencies
The Indian government may be one step closer to clearly spelling out its policy on cryptocurrencies. A finance ministry panel set up in November 2017 could be ready with draft regulations next month. This was clarified by the Narendra Modi government in a counter-affidavit, a copy of which has been reviewed by Quartz, filed in […]
Israeli Investment House Offers Crypto Funds for Institutions
Silver Castle Ltd., Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors, launched two funds this month and expects to have $50 million under management by the end of the year. The launch comes after a bad year for Bitcoin, which has fallen more than 70 percent from a record high last December. […]
Chelan PUD Unveils New Proposed Cryptocurrency Rate Structure
The Chelan County PUD recently unveiled their proposed rate structure for cryptocurrency activities, and local miners are crying foul. At the heart of the issue is the increased variable and fixed costs crypto-mining activities bring. Customer Utilities Rate Adviser Lindsey Mohns explained the new proposed rate structure. “This rate structure is built the same way […]
Wall Street’s Crypto Bull Tom Lee Slashes Year-end Bitcoin Price Forecast Nearly in Half
Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday. A key driver was bitcoin’s “break-even” point, the level at which mining costs match the […]
Twitter Says the Bitcoin Scam Wave Came From Third-party App
Twitter has confirmed the series of cryptocurrency-related hackings on its platform originated from a third-party software provider – and not its own system. In an email to Hard Fork, a Twitter spokesperson confirmed attackers exploited a third-party marketing solution to blast fake Bitcoin giveaway links from a slew of verified accounts, including Google and Target. […]
Bitcoin BCH Hash War Will be Decided by Sustained
With the Bitcoin BCH network upgrade on November 15, a hash war has begun with miners voting between Bitcoin SV and Bitcoin ABC – two competing implementations of the BCH protocol. As fully expected, Bitcoin ABC appeared to take a temporary lead on the first day by receiving an artificial boost from temporary, “rented” hash […]
Cryptos Are ‘Evil Spawn’ of the Crisis for ECB’s Coeure
“Bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea,” the European Central Bank Executive Board member said at the Bank for International Settlements in Basel. Coeure traced cryptocurrencies’ faults to their origins, noting that Satoshi Nakamoto — the supposed creator of Bitcoin — mined the first block months after […]
Bitcoin’s Backers Now Want Acceptance from the System they Sought to Supplant
In the aftermath of the global financial crisis, Satoshi Nakamoto — a digital nom de currency — published a white paper laying out his or her vision for an electronic, peer-to-peer currency that could provide an alternative to the failures of Wall Street, the regulatory structure, and the rest of the financial system as it […]
The Acting Attorney General Helped an Alleged Scam Company Hawk Bizarre Products
In November 2014, a Miami Beach-based firm, World Patent Marketing, announced the “marketing launch” of a “MASCULINE TOILET,” which boasted a specially designed bowl to help “well-endowed men” avoid unwanted contact with porcelain or water. “The average male genitalia is between 5″ and 6″,” the firm’s press release said. “However, this invention is designed for […]
Crypto-Linked Stocks Drop After Bitcoin Sank to One-Year Low
Shares of several cryptocurrency-related companies in Asian markets fell Thursday, following earlier losses among U.S. names after Bitcoin led a sell-off in digital currencies. Monex Group Inc., which owns the Japanese exchange Coincheck, and SBI Holdings Inc. each fell more than 2 percent to close at two-week lows in Tokyo, while Vidente Co. and Omnitel […]
Film and TV Services Company Fintage House to Accept Cryptocurrency for Rights Transactions
Film and TV rights and financial services company Fintage House has signed a deal with social entertainment platform TaTaTu, which recently unveiled a partnership with Johnny Depp, to accept the platform’s cryptocurrency, TTU Tokens, for film and television rights transactions. TTU Tokens are available exclusively through TaTaTu, and trade on cryptocurrency exchanges HitBTC, ABCC, and […]
Blockchain Company Accenture Deploys Software License Management Application on DLT
Accenture has completed its first transactions using a distributed ledger technology (DLT)-based application that delivers enhanced enterprise software asset management capabilities. The new application uses Digital Asset’s smart contract language, DAML, to model and enforce software license events throughout their lifecycle, from origination to purchase, which simplifies tracking, usage and audit functions. “We manage a […]
The Global Cryptocurrency Market Continues to Grow
According to data compiled by Bekryl, the global cryptocurrency market is projected to grow at a CAGR of 43.7%. The market is being propelled by the backend technology of blockchain which allows for safe and secure transactions. The technology behind cryptocurrency is still continually evolving. Most cryptocurrencies are backed by two mechanisms; the first publishes […]
