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FinCen Warns on Ransomware Attacks, Notes Increased Targeting of Government Entities
1.10.2020
Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public
Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool
24.9.2020
Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency of Crypto Assets and Related Activities (Sunacrip). As part of the new regulations, all entities and individuals interested in legally mining bitcoin and other...
FinCEN Files: BNY Mellon Processed $137M for Entities Linked to OneCoin
21.9.2020
The leaked "FinCEN files" show that BNY Mellon flagged a $30 million purported loan that it helped wire as one suspected case of OneCoin laundering funds
Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows
7.8.2020
The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from...
Power Plants in Iran Are Authorized to Mine Bitcoin
29.7.2020
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary...
Bitcoin ‘Active Entities’ at Highest Since 2017 Bull Run
22.7.2020
The on-chain metric suggests Bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action
US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies
17.6.2020
Federal Reserve Chairman Jerome Powell said he believes central banks would have to design and implement CBDCs, not private entities
Bitcoin Use on Darknet Markets Jumps 65% to Over $400 Million in First Quarter
21.5.2020
Bitcoin transactions on darknet markets jumped 65% in value during the first quarter to $411 million, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular...
Malta’s ‘Blockchain Island’ Dream Deferred as 70% Entities Shun Licensing
25.4.2020
Malta’s futuristic design to be the “Blockchain Island” has suffered a setback as 70% of companies in the sector have not sought licensing. Six months after the deadline, only 26 companies have applied for licensing and none has been granted one. Malta initiated legislation...
Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits
9.4.2020
On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives...
BitGo Grows Crypto Custody Options With New Swiss and Germany Entities
10.2.2020
The U.S.-based custodian is expanding its crypto custody service to Europe with the launch of two new entities in Switzerland and Germany
Governments and Enterprises Can’t Get Enough of Blockchain
27.1.2020
Governments have long been wary of Bitcoin, while expressing admiration for its innovative ledger system. This trend can be traced back till 2014, when the “blockchain not bitcoin” mantra was coined. Six years on and that sentiment is being backed by action as governments and businesses...
RBI Confirms Crypto Not Banned in India
21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...
New Guidelines Subject Canadian Crypto Exchanges to Securities Laws
18.1.2020
Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide...
Crypto Fundraising Is Changing Again in 2020
4.1.2020
Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they...
Chinese Regulators Question 8 Crypto Companies in Shenzhen
20.12.2019
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with...
TCS Presents Blockchain-Supported Quartz DevKit For Business Entities
17.12.2019
Working as the brainchild of the globally reputed Indian conglomerate, the Tata Group, Tata Consultancy Services, has broadcasted the news about the launch of a revolutionary blockchain-pegged development kit branded by the name of Quartz DevKit. On Monday, the world-class technology firm TCS broke...
Britain’s Tax Authority Updates Crypto Guidelines
4.11.2019
Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities...
Lithuania’s Central Bank Opts Leading Entities IBM and Tieto For LBChain Development
24.10.2019
Serving as Lithuania’s Central Bank, the Bank of Lithuania has picked up IBM Poland and Teito Lithuania to work for the final stage development of its blockchain network, LBChain. The two entities will be working separately on their individual models and the bank will announce the winner after...
Greyp Collaborates With Two Blockchain Entities to Launch an Automatic Payment System
24.10.2019
Greyp, the sister concern of leading car manufacturing firm Rimac Automobili, has entered into a strategic partnership deal with two blockchain-based platforms- slock.it and the Energy Web Foundation or the EWF. The collaboration aims to curate an automatic payment system for Greyp’s IoT vehicles....