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From dream to nightmare: Belarus crackdown has tech firms restless
27.8.2020
Will the political turmoil in Belarus put an end to the development of digital technologies and the financial freedom of its citizens?
NYSE Can Allow Firms to Raise Funding Through Direct Listings, Says SEC
27.8.2020
The New York Stock Exchange may now allow some companies to raise capital via direct listings rather than IPOs
Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners
26.8.2020
Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese...
UK FCA wants to include crypto firms in financial crime reporting rules
25.8.2020
The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation
UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms
25.8.2020
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime
Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin
25.8.2020
On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm...
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
24.8.2020
Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. According to regional media reports...
Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed
21.8.2020
The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually
12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years
20.8.2020
The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several...
Ripple Ranks 123rd Among 5000 U.S Fastest Growing Firms
18.8.2020
Ripple, an American blockchain company focusing on payments technologies, has been recognized as one of the fastest-growing companies in the United States by a major American business magazine, Inc.
Of the 5,000 companies profiled, the company affiliated with the XRP token ranked in the 123rd...
Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
18.8.2020
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According...
Two States Sanction South African Firms for Crypto Debit Card Fraud
18.8.2020
The Texas State Securities Board and Alabama Securities Commission issued cease and desist orders in response to a crypto debit card scam
South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud
17.8.2020
Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms...
Crypto Savings Accounts Are Coming to Fintech Firms That Use Wyre
14.8.2020
Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
Three Crypto Analysis Firms Advance in ‘TechSprint’ RegTech Competition
10.8.2020
The fintech showcase has three $50,000 cash prizes for three regtech focus areas
Dapper Labs Raises $12M From VC Firms and NBA Players, Nets $1.2M in NFT Sales
6.8.2020
CryptoKittes’ creator Dapper Labs has secured $12 million in investment from blockchain venture capital notables and pro-NBA players
Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors
3.8.2020
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to...
As Private Seed Funds Dry Up, European Blockchain Firms Seek Public Backing
31.7.2020
Publicly-backed VC firms are stepping in where private investors retreat, according to a new report on Central and Eastern European tech investments
China Might Introduce Blockchain Standards for Financial Firms
23.7.2020
China could be on the verge of introducing nationwide blockchain standards to govern the nation’s financial organizations, per a new report.
According to media outlet Caixin, an unnamed “authoritative” source stated that the central People’s Bank of China (PBoC) has issued a set of “blockchain...