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Blockchain Adoption Lacks Evidence, Firms Use It For Non-Existing Problems - Report
9.9.2020
Blockchain is used by a number of companies that do not have clearly defined problems they claim to have solved with the novel technology, according to a recent report. It concluded that nearly half of the examined companies showed no evidence of a problem solved.
The Centre for Evidence-Based...
Security Firms Warn of Potential DeFi Exit Scam After $2.5M in ‘Locked’ Cryptos Moved
9.9.2020
Two blockchain security firms have warned that the creators of a DeFi contract on the EOS network may have fled with users' funds
European crypto tax firms merge in bid to expand to North American markets
8.9.2020
Another crypto merger targets tax reporting
US Regulator to Shake Up Banking With Federal Charters for Payment Firms
1.9.2020
Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines
Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported
31.8.2020
Signature Bank gave $20 million in PPP loans to roughly 40 firms in the digital asset space. Only nine loans were revealed in public documents last month
9 Crypto and Blockchain Firms That Are Hiring Right Now: September Edition
28.8.2020
There’s still some debate as to whether we’re at the start of another crypto bull market — what’s indisputable isContinue Reading
The post 9 Crypto and Blockchain Firms That Are Hiring Right Now: September Edition appeared first on CoinMarketCap Blog
China Has 44,000 Blockchain Firms but Faces a Big Tech Talent Deficit
28.8.2020
China’s huge blockchain push means that there are now a staggering 44,000 firms in the country dedicated to the technology – after central and province-level drives to create a network of blockchain hubs that encompasses much of the nation.
However, there are also signs that the rate of expansion...
Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report
28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...
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