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Crypto 2020: Staking Market Growth and Dangers
11.1.2020
Proof of Stake has become fashionable. Towards the tail end of 2019, a growing number of crypto-exchanges and platforms added support for proof-of-stake (PoS) tokens, as well as for staking services that invest PoS crypto on the behalf of users.
At the same time, the number of proof-of-stake...
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
Dethronement, Maintenance, Breakup and 20 Crypto Jokes
11.1.2020
This week saw BTC rally above USD 8K, while altcoins dropped, and BitPay CCO said that BTC will surpass USD 20K, but with a surprise. While more altcoins are expected to be integrated by mining pools, the ousted co-founder of Bitmain made a legal move to dethrone Jihan Wu. Telegram confirmed that...
Elon Musk Continues to Tickle the Crypto Market, This Time Its Bitcoin
11.1.2020
Tesla and SpaceX chief Elon Musk has been among the top established names of the world who support cryptocurrencies, and he has explicitly shown support for the crypto industry on many occasions. However, we all know that Elon loves to play with his tweets, and crypto is no exception. On Friday...
Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone
10.1.2020
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...
What The 5th Anti-Money Laundering Directive Means For Crypto Businesses
10.1.2020
As 5AMLD comes into effect, cryptocurrency service providers are on the hook for new regulations
UK Financial Watchdog FCA Now Supervises AML/CTF Compliance of Crypto Businesses
10.1.2020
FCA is now responsible for the monitoring AML and CTF compliance of crypto-related companies
Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors
10.1.2020
A South Korean crypto YouTuber has been assaulted at his home, with some suggesting the attackers may have been upset investors
Fintech Firm With 2m Users Buys Crypto Exchange to Attract Millennials
10.1.2020
Dutch fintech company BUX has bought Amsterdam-based social cryptocurrency exchange Blockport for an undisclosed amount in a bid to spark interest from young European investors.
BUX says the move will help address “the investing needs of European millennials.”
The fintech firm plans to rename...
6 High Interest-Paying Options for Crypto Lenders
10.1.2020
As anyone who has ever sought to lend crypto will attest, significant variance exists in the APR offered to lenders. Indeed, the spectrum can swing from 1% to 8% – even when it’s the same asset being loaned across platforms such as Coinbase, Poloniex, Compound and Dharma. As...
Man Suing AT&T Over USD 1.8m Crypto Loss Says Telco ‘Can’t Deny’ Blame
10.1.2020
The American man attempting to sue AT&T after falling victim to an alleged USD 1.8 million “SIM swap” cryptocurrency theft says the telecoms giant is “unable to deny its involvement” in the loss of his funds.
The man stated that AT&T neglected to make “sufficient data security systems...
How Vintage Sardines Became Fishy Talk of Crypto Town
10.1.2020
We talked about a number of interesting exhibitors at the Customer Electronics Show (CES 2020) in Las Vegas, but one participant has been stirring up the waters of the Cryptoworld lately with their unconventional offering - namely, sardines-backed stablecoin.
You've read it well. A Luxembourg-based...
European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect
10.1.2020
A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry
Philippine ‘Crypto Valley of Asia’ to Get Own Airport
10.1.2020
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of...
How Dropgangs and Dead Drops Are Transforming Darknet Practices
10.1.2020
Since the creation of the Silk Road, authorities have waged a war against the online drug trade with a wave of surveillance and enforcement. However, crypto-anarchists are developing new ways to evade the state’s tentacles as the next technological phase started to emerge in late 2017....
Crypto Derivatives Exchange Leaves EU for Panama, Expands KYC
9.1.2020
Crypto derivatives exchange Deribit leaves EU to avoid new AML regulation, setting up shop in Panama while changing its KYC
US SEC Traces $3.5M Back To Alleged Fraudster Behind Fake Crypto Mine
9.1.2020
Operator of an allegedly fake crypto mine faces criminal charges from the SEC for fraudulent securities offerings worth $3.5 million
Ethereum, Tron and EOS Control 98% of All Dapp Volume
9.1.2020
2019 was a good year for dapps and a particularly good one for Tron and Ethereum. That’s the upshot of Dapp Review’s new report into crypto-powered decentralized applications. The sprawling research document inspects the major dapp networks in forensic detail and provides key takeaways....
Dutch Derivatives Exchange Deribit to Move to Crypto-Friendly Panama
9.1.2020
Deribit will operate out of Panama starting Feb. 10, citing the Netherlands’ presumed adoption of “very strict” anti-money laundering (AML) regulations
ETF Giant Leads $17.7M Series A for Blockchain Compliance Startup
9.1.2020
WisdomTree was the lead investor in the funding round for Securrency. Other investors include the state-backed Abu Dhabi Investment Office (ADIO)