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World’s Top Customer Relations Platform Integrates Commercial Blockchain
10.4.2020
World’s number one CRM platform integrates commercial blockchain
Bitfinex Launches Staking in Response to Customer Demand
7.4.2020
At launch, Bitfinex offers revenue sharing for EOS, Atom, and V-Systems staking, with support for more crypto assets coming soon
Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds
4.3.2020
Four of Steem’s former witnesses have been reinstated after Binance and Huobi removed support for the apparent coup
From Single Key to Sophisticated Computation: The Evolution of Crypto Exchange Custody
28.2.2020
When the first cryptocurrency exchanges sprung up in late 2010, multisig wallets had yet to be invented. As a result, a single private key was commonly used to control all customer funds. Today, multisig has been complemented by sophisticated solutions such as Unbound Tech’s CASP, which uses...
Moody’s Gives Thumbs Up to UAE’s Know Your Customer Blockchain Platform
26.2.2020
Moody’s praises UAE lenders on a proposed blockchain-based Know Your Customer platform
Error or Plunder? Report Suggests FCoin Purposely Moved Customer Bitcoin Since 2019
26.2.2020
A recent report from Silicon Valley-based Anchain AI wonders out loud whether funds were purposely pilfered by insiders, challenging FCoin’s official line claiming a data error was to blame
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
Currency.com Accused of Exploiting KYC to Withhold Customer Funds
18.2.2020
Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden...
Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services
30.1.2020
The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service. Also...
The Blockchain Approach to Customer Relationship Management
15.1.2020
What could blockchain tech bring to the customer relationship management industry and what is not so good with the traditional CRM?
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...
COSS Exchange Locks Customer Funds During 3-4 Week ‘Maintenance’
8.1.2020
The Singapore-based COSS cryptocurrency exchange has announced that it will deny its 200,000 customers from accessing to around USD 2 million worth of funds for the following three to four weeks while its site undergoes maintenance.
On Tuesday, COSS told users there was no call for “panic,”...
Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....
As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted
27.12.2019
Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance customer couldn’t withdraw...
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...
A Better Alternative to Banking – Club Swan
18.12.2019
The crypto community has had a rough relationship with traditional financial institutions with limited solutions available. Around the world, both early and recent crypto users have had bank accounts closed, transactions rejected, unnecessary delays in receiving their funds, or worse. To add...
Open Banking & SCA Forum 2020 | Amsterdam: Harnessing Open Banking and Preparing for Strong Customer Authentication
18.12.2019
The European Union’s revised Payment Services Directive (PSD2) has paved the way for a new era of Open Banking globally. As a result, it will have huge impacts on business models, security mechanisms, and innovation in banking. In recent times, a question that has arisen consistently is...
Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....
Circle Warns Poloniex US Customer Assets May Be Sent to the Government
5.12.2019
As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property....
Coinbase Patents AI Compliance System to Monitor and Flag Accounts
29.11.2019
Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system which would monitor customer accounts, flagging those deemed non-compliant and recategorizing them for corrective action. Described as a “compliance determination and enforcement...