About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country. Custodial Services for Bitcoin and Ether...
The Malaysian Palm Oil Council (MPOC) recently partnered with BloomBloc, a blockchain development platform to build a blockchain-based app that would track the palm oil supply chain. With the new DLT app, accountability, traceability, and transparency are certain in the palm oil supply chain. Blockchain Mobile App to Track Palm...
Blockchain platform Pundi X Labs received an exemption from Singapore’s financial regulatory agency, the Monetary Authority of Singapore (MAS) which will enable Pundi X to operate without a license in the region for six months. Pundi X to Operate Without License for Six Months Pundi X announced the news of...
The EOS Worker Proposal System (WPS) introduced by the top block producer EOS Nation, has passed stage one of the implementation process. This first approval is the first of 4 planned multi-signature (MSIG) approvals. EOS WPS Scales First Approval Milestone In a tweet published on Tuesday (March 24, 2020), EOS...
Tokyo-based financial services company, Monex Group, recently announced that shareholders in the firm will receive bitcoin as part of the year-end benefit package for 2019. 500 Yen Worth of Bitcoin for Coincheck Users The company made the announcement on Monday, March 23, 2020. According to the Japanese firm, shareholders will receive...
The Financial Conduct Authority (FCA) recently added a crypto exchange company, Bitcoin Evolution, to its warning list. According to the U.K. regulator, residents should be cautious of the platform, as is not authorized by the FCA to operate in the country. Bitcoin Evolution Operating Illegally in the U.K The FCA...
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ) is making plans to regulate the cryptocurrency industry, as there is a draft policy framework underway. A robust regulatory framework in place will see the development of the crypto sector in the country. RBZ to Regulate Crypto Businesses According to a...
Australia’s tax authority, the Australia Taxation Office (ATO), is planning to contact thousands of Australian crypto traders to remind them of their tax obligations. The move is in line with the ATO's aim to clampdown on crypto tax offenders. 350,000 Bitcoin Traders to Receive Warning from the ATO According to...
Wilsons Auctions, a leading auctions company in Ireland and the UK, announced plans to auction over $125,000 worth of seized bitcoin and other digital currencies. Although not the company’s first crypto auction sale, this is the first online public bitcoin auction in Ireland. $125,000 Worth of Bitcoin Auctioning in Ireland...
A French commercial court has acknowledged Bitcoin as a currency, following a legal dispute between a local crypto exchange platform, Paymium, and investment firm, BitSpread. With the court ruling, Bitcoin can now be seen as legal money in France. Bitcoin’s Legal Status Same as Fiat Currency According to a report...
Bloomberg CEO and billionaire, Michael Bloomberg, who advocated clear crypto regulations, recently dropped out of the 2020 U.S. Presidential Race. Bloomberg becomes the second pro-crypto U.S. Presidential candidate to exit after Andrew Yang. Crypto Advocate Bloomberg Leaves Race, Endorses Joe Biden According to the Wall Street Journal on Wednesday, March 4,...
The Office of Foreign Assets and Control (OFAC) the enforcement body of the U.S. Treasury Department, sanctioned two Chinese nationals who played a part in laundering illicit funds linked to a crypto exchange hack. Chinese Nationals Funneled Funds for North Korean Crypto Exchange Hackers According to an official press release...
The Japan Virtual Currency Exchange Association (JVCEA), the body set up to monitor and regulate crypto businesses in Japan, recently registered major U.S.-based crypto exchange Coinbase and two other companies as Class 2 members. Coinbase Joins JVCEA Ranks The JVCEA announced the news of the registration on its official website...
Crypto brokerage company, Tagomi, will soon become a member of Facebook’s Libra Association. With most of the initial backers gone, the addition is a welcome development for the Libra Consortium. Another Member Joins the Libra Pack According to a report on TechCrunch on Thursday, February 26, 2020, Tagomi is...
Following the recent rejection of another Bitcoin ETF proposal by the U.S. Securities and Exchange Commission (SEC), one of SEC’s Commissioners, Hester Peirce, has criticized the agency’s decision. According to Peirce, the SEC’s rejection indicated that the chance of getting a bitcoin ETF approval was almost impossible and the securities...
