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BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

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About author: Shaurya Malwa

After graduating in business from the University of Wolverhampton, Shaurya ventured straight into the world of cryptocurrencies and blockchain. He believes decentralizing the world's financial, economic, and political systems is mankind's next giant leap.

FINRA Fines Morgan Stanley $5 Million for Sub-Standard Anti Money Laundering Practices

Category: Finance, News, Regulation

FINRA Fines Morgan Stanley $5 Million for Sub-Standard Anti Money Laundering Practices

The American financial industry regulatory authority, FINRA, has fined wall Street bank Morgan Stanley for violating anti-money laundering (AML) rules over a period of five years, reported Finance Magnates on December 26, 2018. Fraud in the Traditional Space FINRA stated the financial giant failed to adhere to three requirements of the Bank Secrecy Act of 1970, which stipulates all U.S.-based…

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Ant Financial Seeks to Move into European Market with WorldFirst Take Over

Category: Business, Finance, Investment, News

Ant Financial Seeks to Move into European Market with WorldFirst Take Over

Chinese payments giant Ant Financial, a wholly-owned subsidiary of Alibaba Group, is in advanced discussions with European payments application WorldFirst in a takeover deal worth $700 million, reported Finance Magnates on December 26, 2018. Ant Eyes Europe Founded in 2014, WorldFirst is an international payments specialist and currency exchanger aimed at helping individuals and businesses manage their cross-border transactions and…

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Hong Kong: BitMEX and Wine Retailer May Purchase Stake in Japanese Cryptocurrency Exchange

Category: Adoption, Business, Exchange, Finance, News, Regulation

Hong Kong: BitMEX and Wine Retailer May Purchase Stake in Japanese Cryptocurrency Exchange

Madison Holdings Group, a Hong Kong Exchange (HKEX)-listed French wine trading company, is planning to acquire a stake in Japanese cryptocurrency exchange BitOcean in partnership with crypto-derivative trading platform BitMEX, reported South China Morning Post on December 26, 2018. Moving into Crypto Listed on the GEM board of HKEX, Madison Holdings is seeking a 67.2 percent stake in BitOcean from…

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Research: Blockchain Technology to Create Disruption in Global Automotive Sector by 2021

Category: Adoption, Blockchain, Business, Commentary, Finance, News

Research: Blockchain Technology to Create Disruption in Global Automotive Sector by 2021

Blockchain technology is primed to take over the automotive industry in the next three years. if senior executives in the sector are to be believed, reported Times of India on December 24, 2018. Blockchain to Augment Business Processes In a joint study conducted by the IBM Institute for Business Value and Oxford Economics, researchers concluded 64 percent of surveyed executives…

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Comcast to Introduce a Blockchain-Based Solution for Increasing Data Privacy

Category: Adoption, Blockchain, Business, News

Comcast to Introduce a Blockchain-Based Solution for Increasing Data Privacy

Telecommunications giant Comcast will integrate blockchain technology to better match audience-generated data with thousands of advertising partners, reported Adweek on December 22, 2018. Peer-to-Peer Media Blockchain The Philadelphia-based company is partnering with mass media player Viacom, and advertising solutions provider Spectrum Reach to develop an enterprise-grade private blockchain network. The offering will focus on providing targeted ads to viewers while…

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Crypto Rout Extends to Institutional Investors as Bitcoin Plans Put on Hold

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Crypto Rout Extends to Institutional Investors as Bitcoin Plans Put on Hold

Institutional investors and developers in the Bitcoin space are increasingly looking to the exit after 2017’s crypto-mania is coming to a halt in terms of price. Once lauded to usher in the next wave of crypto products, financial heavyweights are stalling efforts to build infrastructure around the pioneer cryptocurrency, reported Bloomberg on December 23, 2018. Bitcoin’s Down Ride In early-2018,…

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Congress Members Seek to Exclude Cryptocurrencies from the Definition of a Security

Category: Bitcoin, Blockchain, Business, Ethereum, Investment, News, Platform, Tech

Congress Members Seek to Exclude Cryptocurrencies from the Definition of a Security

Regulatory clarity on the legal status of cryptocurrencies may arrive sooner than expected after two members of the U.S. Congress proposed a bill to exempt digital tokens from the definition of traditional securities, reported CNBC on December 20, 2018. Crypto not a Security The proposed bill excludes digital currencies from the decades-old definition of a security; which applies to a…

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Cryptocurrency Startup Seeking SEC-Approval for Tokens Raises $12 Million in Seed Funding

Category: Altcoins, Investment, News, Regulation

Cryptocurrency Startup Seeking SEC-Approval for Tokens Raises $12 Million in Seed Funding

Cryptocurrency project Prometheum raised $12 million in seed funding this week before the company gears up to offer a Securities and Exchange Commission (SEC)-approved security token to investors in early-2019, reported American Banker on December 21, 2018. Seeking Regulatory Approval Unlike most ICO projects reeling under the clutches of the SEC’s crackdown on tokens classified as securities, Prometheum’s Chief Executive…

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Facebook May Launch a Stablecoin to Target India’s $69 Billion Remittance Market

Category: Adoption, Altcoins, Blockchain, Business, Finance, News

Facebook May Launch a Stablecoin to Target India’s $69 Billion Remittance Market

Cryptocurrency’s first killer application may be well on its way from the rosters of Facebook, a company ironically known for practices contrary to the ethos of decentralized currencies and blockchains, reported South China Morning Post on December 21, 2018. Facebook’s Crypto Deal The San Francisco-headquartered social media giant is leveraging India’s mammoth $69 billion remittance market, which also forms the…

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Iran Embraces Blockchain Technology while Egypt Considers a State-Backed Cryptocurrency

Category: Adoption, Blockchain, Business, Finance, News, Regulation

Iran Embraces Blockchain Technology while Egypt Considers a State-Backed Cryptocurrency

While the cryptocurrency bear market shows no signs of slowing down, countries across the world are swiftly exploring the potential of blockchain technology and virtual currencies. Joining the legion of blockchain “friendly” nations are Iran and Egypt, who have both voiced their intentions to deploy the disruptive technology in a controlled capacity as per reports on December 16, 2018. Embracing…

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