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US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector
31.1.2020
Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number...
Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year
26.1.2020
Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting...
With New Regulations, Europe’s Crypto Companies May Be Running Out of Options
13.1.2020
European crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in...
Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers
25.12.2019
In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators...
Poloniex Restores Unverified Accounts With Unlimited Trading
22.12.2019
In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy...
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...
Crypto Startups to Get up to $75,000 From the Government of Ukraine
5.12.2019
Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will...
The Crypto Companies Reinventing the Wallet
15.11.2019
You wouldn’t think there was much to improve about cryptocurrency wallets. Save for a few UX improvements here and there, what’s to reinvent? A surprising amount, it turns out. This year has seen a resurgence in wallet investment and innovation, with VCs throwing funds at startups...
CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance
8.11.2019
How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference
Belarusian Bank Gets the Go-Ahead to Service Crypto Investors
23.10.2019
A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...
More Nations Join the Club of Crypto-Friendly Jurisdictions
14.10.2019
Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize...
Liechtenstein Adopts Token Act to Attract Crypto Business
6.10.2019
One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely...
SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale
1.10.2019
The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify...
Bitcoin Smart Contract Platform RSK Acquires Latin America’s Fourth Largest Social Network
27.9.2019
IOV Labs, the parent company of Bitcoin smart contract platform RSK, has announced the acquisition of Taringa. As a result, the Hispanic social media network’s 30 million users and 1,000+ active communities will be exposed to dapps, tokenization and P2P trading. Crypto companies acquiring...
Chinese Homecoming — Crypto Companies Make Their Way Back to Asia
25.9.2019
After leaving China in 2017, Binance recently made its first major investment in the country by backing a local crypto/blockchain media outlet called Mars Finance
Swiss Banks Team With Fintechs to Enter the Crypto Space
25.9.2019
Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards...
Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
13.9.2019
Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant...
Crypto Lending Platforms Prepare to Assail the Banking System
30.8.2019
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate...
Ad Watchdog Warns Crypto Companies Not to Mislead the Public
14.8.2019
UK advertising watchdog, the Advertising Standards Authority (ASA), sent a signal to all crypto companies not to overhype crypto and to clearly indicate all risks to the consumers.
Following a newspaper ad for the cryptocurrency trading platform BitMEX from January 2019, the ASA received four...
Chinese Gov’t Hackers Are Targeting Crypto Companies: Report
7.8.2019
Cybersecurity company FireEye claims that Chinese state hackers attack cryptocurrency and video game enterprises