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Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
“I’m not buying anything,” says Tron CEO Amid Reports of Poloniex Acquisition
19.10.2019
“I’m not buying anything,” says Tron founder and CEO Justin Sun amid recent reports suggesting that he acquired crypto exchange Poloniex
Gartner: Corporate Blockchain Won’t Take Off for Another Decade
11.10.2019
For years, all sorts of companies have flooded the media with reports of using blockchain technology for everything from tracking vegetables to fake luxury handbags. These claims mostly involved tests that were done only for the sake of publicity, riding the coattails of cryptocurrency, and almost...
Data Shows Institutional Interest in Bitcoin Has Diminished
5.10.2019
Last spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that...
Global Wash Trading on Crypto Markets Down by Over 35%, BTI Reports
1.10.2019
Global wash trading on crypto markets was down by over 35% in September, according to the latest surveillance report from the Blockchain Transparency Institute
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
XLM Price Reports Escalation of More Than 40% in Last 5 Days
19.9.2019
Stellar is noticed to be organizing Hackathon and workshops around the globe to increase the visibility of XLM in the network. This seems to have an added advantage for the trading price of the coin as well. Considering the fluctuations from the past 5 days, XLM seems to have been gaining attention...
South Koreans Bristle at ‘Nonsensical’ Reports of North’s Crypto Plans
19.9.2019
The Grand Monument in Pyongyang. North Korea observers in South Korea have been left bemused by reports claiming that their northern neighbors are working on a “Bitcoin-like” cryptocurrency.
In an interview with Vice, Alejandro Cao de Benos, the head of the Korean Friendship Association (KFA),...
Cybercriminals Selling Hacked Fiat Money for Bitcoin at 10% of Its Value
13.9.2019
Dark market sellers are offering fiat cash for bitcoin at discount prices, but there's a catch
PwC Report Shows Major Growth in Crypto M&A in Asia and Europe
12.9.2019
Asia and Europe have surpassed the previously dominant role of the Americas in crypto fundraising, according to a new report from PwC
Company Behind Zcash Reports Losses in Q1 2019
1.9.2019
Electric Coin Company, the firm behind privacy-centric cryptocurrency Zcash, reported financial losses in Q1 2019
People’s Bank of China Denies Media Reports About Launching State-Backed Cryptocurrency
30.8.2019
Recently, the People’s Bank of China, known as the Central Bank of the nation, has confirmed that the bits of gossip regarding the launch of a state-backed cryptocurrency is false. The declaration was made in the report by The Global Times, the official paper of the Communist Party of China...
White House Advisory Reports Trading of Illicit Substances Through Cryptocurrencies
22.8.2019
The White House released two advisories on drug purchases in the U.S. Wednesday, via the communications that marked particular implications to the trading with cryptocurrencies in buying drugs. It was executed with other government agencies as a part of a broader cooperative effort “to end...
ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report
16.8.2019
The Australian Securities Exchange has released its 2019 financial report, offering insight into its upcoming distributed ledger settlement system
Blockchain in Business: What Do Companies’ 10-K Reports Say About DLT?
11.8.2019
An analysis of American companies’ stances toward blockchain and distributed ledger technology in SEC-required Form 10-K reports
Retail Giant Overstock Reports Losses, Says Blockchain Business Strong
9.8.2019
Overstock has stated that its blockchain subsidiary firm, tZERO, is progressing as planned, with a focus on six key areas — notably security tokens
North Korea Has Amassed $2 Billion from Hacking to Feed is Weapon Program: UN Panel Reports
7.8.2019
North Korea is again in the limelight, but not for good reasons. As per the reports from the UN Panel, the huge scale cyber-attacks, hacking incidents, and crypto exploitation have brought a huge amount of money to North Korea. As per some sources, a UN Nations panel has alleged that the country...
North Korea Has Amassed $2 Billion from Hacking to Feed Its Weapon Program: UN Panel Reports
7.8.2019
North Korea is again in the limelight, but not for good reasons. As per the reports from the UN Panel, the huge scale cyber-attacks, hacking incidents, and crypto exploitation have brought a huge amount of money to North Korea. As per some sources, a UN Nations panel has alleged that the country...
North Korea Stole $2 Billion in Crypto and Fiat to Fund Weapons Programs
6.8.2019
North Korea is funding its weapons of mass destruction via hacks of banks and crypto exchanges, says a confidential U.N. report