Tag: digital assets

Blockchain startup Mattereum is developing an innovative way to unlock the potential that distributed ledger technology holds – in the context of digitizing assets – in a manner that is legally recognized by the law. The London-headquartered startup is on the quest to provide legally enforceable smart contracts. Using the unique skills its team possesses, the company has developed a…

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It’s the first time the U.S. Office of Foreign Assets Control (OFAC) has linked Bitcoin addresses to specific individuals. According to Bloomberg’s article published on November 29, 2018, the Treasury Department mentioned in a statement on Wednesday that the two Iran-based individuals, Mohammad Ghorbaniyan and Ali Khorashadizadeh, were responsible for facilitating ransom payments made in Bitcoin. Identifying Illicit Actors in…

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In a bid to foster regulatory compliance and ensure digital assets market participants operate in strict adherence to standards, ten highly reputed financial institutions and fintech firms have launched the Association for Digital Asset Markets (ADAM). ADAM is a platform aimed at formulating a robust Code of Conduct for the burgeoning distributed ledger technology (DLT) ecosystem, according to a press…

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Ambiguity regarding cryptocurrency regulations in Hong Kong continues to be an Achilles heel for investors in the new asset class, as they cannot officially seek the help of the state’s financial regulator for redressal, reports South China Morning Post, November 26, 2018. Unclear Regulations to Blame for the Catch-22 Situation While the autonomous state has publically endorsed blockchain technology and…

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The three largest cryptocurrencies by market cap experienced a turmoil of sorts this week as the long-held stability was broken and prices plunged across the board. BTC/USD Bitcoin lost $100 of its value on November 8, erasing all the gains from the previous two days and closed the day at $6,474. The $6,600 level proved to be out of scope…

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On November 8, 2018, the SEC announced the conclusion of an investigation into the digital token trading platform EtherDelta. According to the financial authority, EtherDelta failed to register as a national securities exchange despite offering the buying and selling of security-like assets on a secondary market. Disgorged, Penalized, and Prejudgement Interest Founder Zachary Coburn neither affirmed nor denied the claims…

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The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital. According to a secret letter quoted by swissinfo.ch in a story published on November 5, 2018, the regulator has imposed the new rule to protect the stability of the Swiss banking…

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Microsoft recently partnered with Nasdaq to integrate the Microsoft Azure Blockchain into Nasdaq’s Financial Framework, a  technology software that provides end-to-end infrastructure for financial providers. According to Microsoft Azure’s blog post published on October 30, 2018, the blockchain system will make it easier for traders, exchanges, and clearing houses on Nasdaq’s Financial Framework to interact and work together. Blockchain: A…

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CoinText.io, an SMS-based platform that allows users to send and receive cryptocurrencies without a smartphone or internet connection, has added Taiwan, Hungary, Estonia, Puerto Rico, and Slovenia to its growing list of supported regions, according to a press release on October 30, 2018. CoinText Extends Service To More Countries In its quest to spread the gospel of distributed ledger technology (DLT)…

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The price of bitcoin barely moved in the past seven days – ranging from $6,450 to $6,550, to close the week effectively unchanged around the $6,500 mark. This week’s headlines have been driven by more adoption-positive news such as Visa saying that it will consider adopting cryptocurrencies if that will be the way the market evolves, Bakkt confirming the launch…

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