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Dash (DASH) Investment Foundation Set to Go Live

May 12, 2019 by Ogwu Osaemezu Emmanuel at Investment, News

Dash (DASH), the 14th largest cryptocurrency in the world by market cap, has announced that its investment foundation called the Dash Investment Foundation is nearing completion. The team claims the primary objective of the investment fund is to strengthen the Dash distributed ledger technology (DLT) ecosystem through investment operations bankrolled...

FinCEN Issues Clear Guidance to Money Services Businesses (MSBs)

May 12, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

To serve as a reminder to persons who have the Bank Secrecy Act (BSA) obligations, the U.S. Financial Crimes Enforcement Network (FinCEN) on May 9, 2019, issued interpretive guidance. The guidance focuses on how FinCEN money services businesses (MSBs) regulations apply to certain ventures that deal with money transmission whose...

Malta: Crypto-Friendly Founders Bank Hires Ex Deutsche Executive as New CEO

May 12, 2019 by Ogwu Osaemezu Emmanuel at News

Founders Bank, a Malta-based blockchain-friendly financial institution has hired Kenan Altunis, former Deutsche Bank chief executive officer, to function as its CEO, according to a Bloomberg report on May 9, 2019. Altunis Joins Team Crypto Per sources close to the matter, Founders Bank, a financial institution backed by several heavyweights...

U.S.: Bitcoin ETF Proposal Rejected by the SEC.; Crypto Mom Reacts

“Crypto Mom” Hester Peirce Bashes SEC for Stifling Innovation

May 10, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Hester Maria Peirce, an American lawyer and a Commissioner on the United States Securities and Exchange Commission (SEC), has said in a speech on May 9, 2019, that the agency’s unwillingness to take meaningful actions towards regulating the cryptospace has stifled innovation. She has also urged the SEC to provide...

Scam Bitcoin Site Impersonates New Zealand’s Richest Man

May 10, 2019 by Ogwu Osaemezu Emmanuel at Crime, News

A fraudulent bitcoin website is parading with the pictures of Graeme Richard Hart, the richest person in New Zealand to give people the false impression that he is an advocate of the platform. Also, articles on the scam website have the branding of the New Zealand Herald, a daily newspaper, according...

Hedera Hashgraph’s Second Testing Phase Underway

May 10, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, News

Hedera Hashgraph, a Dallas-based company focused on developing high-speed blockchain alternatives has announced the launch of the second testing phase of its public distributed ledger by developer community and individuals in order to pilot the capability of the Hedera network, according to a VentureBeat report on May 9, 2019. Second Phase...

Currency.com Launches Tokenized Government Bonds

May 10, 2019 by Ogwu Osaemezu Emmanuel at News

Currency.com, a blockchain-based platform that claims to be the world’s first regulated tokenized securities exchange, announced the launch of the crypto version of the Belarusian government bonds and interested investors can now purchase the financial instrument with bitcoin (BTC), ether (ETH) and the fiat standard, according to Fintech Finance report...

Facebook Softens Ads Policy Amidst Stablecoin Launch

May 9, 2019 by Ogwu Osaemezu Emmanuel at News

After placing an outright ban on all forms of cryptocurrency and distributed ledger technology (DLT) related advertisements last year, social media giant, Facebook has announced an update to its policy to enable some “clean” digital assets and blockchain related ads to fly once again on its platform, according to a...

Sundar Pichai Says Google Committed to Protect User’s Privacy

May 9, 2019 by Ogwu Osaemezu Emmanuel at News

At a time when people are becoming increasingly interested in knowing how social media platforms and other firms handle their personal data, Google CEO, Sundar Pichai has revealed that though the search engine giant uses people’s data to give them the best experience, they still put in much efforts to...

Litecoin Core v0.17.1 Upgrade Now Live

May 8, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Development, News

Litecoin, the blockchain project in charge of the fifth largest cryptocurrency in the world by market cap, has announced the release of Litecoin Core version 0.17.1. The update will enable users to send cost-efficient and fast payments, according to Medium blog post on May 6, 2019 Litecoin Upgrades .As stated...

Sequoia Capital China to Layoff 20 Percent of its Workforce

May 8, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, Investment, News

Sequoia China, the Chinese arm of Sequoia Capital, could possibly layoff as much as 20 percent of its investment professionals due to an industry slowdown leading to investors' low appetite for risk, reports Reuters on May 6, 2019. Sequoia's Impending Firing Spree Per the report, two sources close to the...

A University Lighting up with the magic of Blockchain

Turkish University Launches Blockchain Center at a Boston University

May 8, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Education, News

In a bid to provide the relevant information and infrastructure needed for the study of distributed ledger technology (DLT), Turkey’s BlockchainIST, Bahcesehir University (BAU), the region’s first university-level center for blockchain research, has erected a state-of-the-art DLT center at Boston’s Northeastern University, reports Daily Sabah on May 8, 2019. The...

Chi-X Kicks Against ASX’s Move to Replace CHESS with Blockchain

Australian Securities Exchange Opens Blockchain-based Customer Development Environment

May 8, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Exchange, Finance, News

On May 7, 2019, the Australian Securities Exchange (ASX), Australia's primary securities exchange, announced the opening of its Customer Development Environment (CDE), a blockchain-based equity clearing and settlement platform which can be used by its customers for interacting and experimenting. ASX Joins the DLT Bandwagon Per the announcement, ASX has...

Report: Over 60 Percent of Crypto Exchanges Have Zero Trading Volume

May 7, 2019 by Ogwu Osaemezu Emmanuel at Crime, Exchange, Finance, News

The Blockchain Transparency Institute (BTI), a platform dedicated to curbing the menace of data manipulation by Bitcoin trading venues, cryptocurrency exchanges and market participants in the cryptospace, has released its April 2019 market surveillance report. The document outlines the exchange space including fake trading volumes, wash trading and other shady...

dApp Transaction Volumes Hit New Highs in April

May 7, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Blockchain, Ethereum, News

April was an excellent month for Ethereum, as users of Ethereum-based decentralized applications (dApps) transacted a whopping 776,000 ether (ETH). This marks a new high in both ether and USD value, though the number of newly deployed dApps has also hit a 15-month low, according to a Diar report on...

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