About Author:
1 Confirmation with Jeff and Dave
Aisshwarya is currently working as SAP finance consultant for an IT consultancy. He likes to read about tech (fintech in particular) and history during his free time. He also likes to make 8-bit music.
Law forces in Brazil have clamped down on a cryptocurrency crime cartel accused of duping more than 55 thousand investors of more than approximately $248 million, The Next Web reports, May 22, 2019. Crypto Criminals Nabbed The ease of committing crimes in the crypto industry has worried regulators with several...
Cryptocurrency exchange Bittrex on May 21, 2019, announced that it had partnered with blockchain security solutions firm IdentityMind to bolster its anti-money laundering (AML) measures. Tightening Security Measures The Financial Action Task Force’s (FATF) persistence to establish strict crypto regulations across the globe has weighed down on exchange platforms who...
The central bank of Laos has warned commercial banks, financial institutions, and investors not to buy, sell or use cryptocurrencies, reports local media outlet Vientiane Times, May 21, 2019. Laos Does Not Want Cryptocurrencies Laos’ central bank, the Bank of the Lao People’s Democratic Republic (PDR), has cautioned financial market...
Comfortably nestled among the top 50 cryptocurrencies on CoinMarketCap, Ravencoin (RVN) is one of the more exciting crypto projects in the industry. The cryptocurrency, whose name is inspired from the small black birds in George R. R. Martin’s fictional world of Westeros was one of the strongest performers during the...
The U.S. Securities and Exchange Commission (SEC) on May 21, 2019, obtained an emergency order to halt the operations of an ongoing $30 million cryptocurrency Ponzi scheme. Necessary Safety Measures The U.S. SEC recently delayed the decision on VanEck’s Bitcoin ETF proposal once again and it’s not hard to guess...
According to a press release issued May 21, 2019, Mike Novogratz’s Galaxy Digital Holdings Ltd. Received $71.2 million after it sold its stake in Block.One, the firm behind the EOS blockchain network. Galaxy Digital Will No Longer Hold a Material Investment Position in Block.One Cryptocurrency merchant bank Galaxy Digital Ltd....
U.S.-based Cryptocurrency exchange Coinbase on May 20, 2019, announced that its merchant-oriented service Coinbase Commerce now accepts U.S. dollar-pegged stablecoin USD Coin (USDC). Coinbase Commerce Adds Support for USDC In a bid to foster the adoption of digital currencies among merchants and business owners, Coinbase Commerce has integrated Circle’s stablecoin...
Twitter user @SandorReport tweeted on May 20, 2019, that cryptocurrency exchange Cobinhood had pulled an exit scam after it suspiciously filed for bankruptcy and appointed a liquidator to lay off its entire staff. The exchange, however, has not yet confirmed nor denied the accusations levied against it. Another Exit Scam...
The wait for a Bitcoin exchange-traded fund (ETF) continues to drag as the U.S. Securities and Exchange Commission (SEC) on May 20, 2019, again delayed deciding on a Bitcoin ETF proposal by the VanEck SolidX Bitcoin Trust. SEC Taking its Time In its official notice, the SEC wrote that it...
According to a report by The Myanmar Times, published May 20, 2019, the Central Bank of Myanmar (CBM) has warned investors against trading in cryptocurrencies due to their volatile nature. The Burmese Apex Bank Issues an Anti-Crypto Warning Aiming to safeguard novice investors from the volatile nature of digital currencies,...
On May 20, 2019, The Next Web reported that major Dutch bank ABM AMRO had shelved its plans to launch a custodial cryptocurrency wallet called “Wallie” stating that digital assets are “just too risky.” ABM AMRO Is No Longer Interested in Cryptocurrencies One of the Netherlands’ premier banks, ABM AMRO...
On May 17, 2019, major cryptocurrency exchange Coinbase announced that it has expanded its Coinbase Earn initiative to more than 100 countries. Towards a More Inclusive Cryptoeconomy The U.S.-based cryptocurrency exchange platform introduced Coinbase Earn in 2018, which allows users to earn digital currencies for answering quizzes, completing simple tasks,...
Social media firm Facebook has set up a new financial technology firm in Geneva, Switzerland, Reuters reports, May 17, 2019. Facebook Quietly Sets up a Fintech Firm According to a filing with the Geneva Commercial Register, on May 2, 2019, Facebook Global Holdings II LLC registered a firm named Libra...
According to a press release published May 17, 2019, sports and entertainment blockchain startup Chiliz (CHZ) partnered with Binance Chain to give the crypto industry exposure to popular global brands in the sports industry. Bringing Crypto onto the Football Pitch Looking to bridge the gap between mainstream culture and the...
Hong Kong-based cryptocurrency exchange Bitfinex on May 17, 2019, revealed details about its utility token UNUS SED LEO. The native cryptocurrency will officially commence trading on Bitfinex from May 20, 2019. Bitfinex’s Answer to Binance’s BNB The rapidly increasing number of cryptocurrency exchanges has no doubt heated up market competition....
