Cointelegraph.com

June 21, 2018
Ethereum is Gradually Catching Up to Bitcoin | Cryptocurrency Growth

Ethereum is Gradually Catching Up to Bitcoin

The United States Securities and Exchange Commission has determined that the cryptocurrency known as Ethereum does not meet the definition of an investment security, thereby clearing the way for the Chicago Board Options Exchange as well as the Chicago Mercantile Exchange to develop ETH futures contracts. ETH futures contracts have […]
June 19, 2018
Bitcoin Goes to Hollywood: "Crypto" Film Scheduled for 2019 Release

Bitcoin Goes to Hollywood: “Crypto” Film Scheduled for 2019 Release

The world of cryptocurrency trading and development is getting the Hollywood treatment with a new film that is expected to debut next year. “Crypto” is a thriller currently undergoing development by Yale Productions; the film will be directed by John Stalberg Jr., who is known for his work on the […]
June 14, 2018
Conservative Swiss Bank Warms Up to Cryptocurrency | Blockchain Investment

Conservative Swiss Bank Warms Up to Cryptocurrency

Hypothekarbank Lenzburg, a staid bank based in Switzerland, is now accepting commercial accounts from business entities that deal in cryptocurrencies. Hypothekarbank is known as a traditional mortgage lender with a history dating back more than a century; it is widely considered to be a legacy institution in a country that […]
June 13, 2018

Crypto Exchange Buda Subject of Sudden Banking Embargo in Colombia

Major Latin American bitcoin exchange, Buda, recently suddenly become the subject of a banking embargo in Colombia, according to local reports. Buda similarly experienced the termination of its Chilean banking services in March of this year. Also Read: Six Major Banks in Chile Sued by Another Cryptocurrency Exchange Buda Suffers Termination of Banking Services in Colombia Buda, a Latin American bitcoin exchange formerly known as Surbtc servicing the Argentinian, Chilean, Colombian, and Peruvia..
June 13, 2018

Digital Jersey Signs MOU with Binance to Establish Crypto Exchange in Jersey

Digital Jersey has signed an MOU with Binance to launch a crypto exchange and promote blockchain initiatives on the island of Jersey. Digital Jersey, an independent organization that represents Jersey’s digital industries, has signed a memorandum of understanding (MOU) with cryptocurrency exchange Binance, according to a press release published June 11. Per the terms of the MOU, the two firms aim to develop a compliance base and cryptocurrency exchange on the island. Digital Jersey will report..
June 13, 2018

Report: Financial Action Task Force to Prepare Binding Rules for Crypto Exchanges

Financial Action Task Force to develop new binding rules for crypto exchanges The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12. The new rules would be an upgrade to the non-binding resolutions which were adopted by the FATF in June 2015. The FAFT will consider whether existing guidelines on anti..
June 13, 2018

Japanese Police Investigate Cryptojacking Case Involving Coinhive Monero Mining Software

Japan’s police are reportedly investigating a case of illegal cryptojacking with Coinhive software, defendants argue it was a method of traffic monetization. Japanese police are investigating a case of cryptojacking that involves Monero-mining software Coinhive, sources familiar with the matter told local news outlet Mainichi June 12. Investigators suspect that the alleged culprits are in violation of the law banning the use of computer viruses. According to the sources, the suspects involved ..
June 13, 2018

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also Read: Twitter Experience Worsens, Ether Fake Giveaways Taking Over Sheila Bair Authors Article Advocating C..
June 13, 2018

Proposed Bill in US Congress Would Commission Study of Crypto in Sex Trafficking

The US Congress has proposed a bill calling for the study of crypto usage in sex and drugs trafficking. The US House of Representatives Financial Services Committee has proposed a bill today that would initiate a study on how cryptocurrencies are used in sex trafficking. Should the bill be approved and signed into law, it would require the Comptroller General of the US to research how “virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or ser..
June 13, 2018

New Trade Organization to Promote Blockchain Established in Switzerland

Leading players from Switzerland's financial, technological, academic, and legal sectors have formed a new organization to promote blockchain technology. A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12. The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provi..
June 13, 2018

German Finance Authority: Crypto Regulation to Focus on Market Stability, Not Individuals

President of the German financial regulator BaFin said that they will prioritize systemic risks with crypto regulation, not individual investors Felix Hufeld, President of the Federal Financial Supervisory Authority in Germany (BaFin), said the primary role of his regulatory authority is not individual investor protection, but the preservation of overall financial stability, Cointelegraph auf Deutsch reported today, June 12. While the role of BaFin is to protect consumers and maintain general ..
June 13, 2018

Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack

Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Suspicious Transactions Detected South Korea’s seventh-largest cryptocurrency exchange, Coinrail, announced that it was hacked on Sunday, June 10, with the thieves targeti..
June 12, 2018

A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9

Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the benefits of cryptocurrencies and broadcasts every Saturday on Boston’s FM radio signal 104.9. Also Read: Canadian Exchanges to Report Transactions O..
June 12, 2018

New Partnership Announced Between Korea University and Huobi Subsidiary

A new partnership has been announced between Korea University and a subsidiary of major cryptocurrency exchange Huobi Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the indu..
June 12, 2018

BANKEX Unveils First Blockchain-Based Public Access Clean Water System in Kenya

Far beyond the cryptocurrency market and other business applications, blockchain technology holds the key to solving several nagging issues around the world today. BANKEX is leveraging the power of blockchain technology to proffer solutions to the global clean water shortage problem. Global Clean Water Shortage Water covers 70 percent of the earth. However, only about three percent of that volume is fit for human consumption without the need for comprehensive purification processes. The bulk of..
June 12, 2018

Founder of Tron Altcoin Justin Sun Takes Over Bittorrent Inc

Justin Sun, the founder of “decentralized web” altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol. Also Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR TRX Founder Buys Bittorrent Justin Sun, a former Chief Representative of the Greater China Region for Ripple, closed an acquisition deal for Bittorrent last we..
June 12, 2018

Noah Project Partners with the Large Payment Gateway PayRemit to Expand Its Payment Options

Since the start of the Noah Project in 2016, the team has been focusing on creating a number of blockchain-based solutions aimed to bridge the gap between Japanese and Filipino citizens, connect families, travelers and businesses. Today the Noah Project is pleased to announce the launch of a strategic partnership with one of the largest payment gateways in the Philippines – PayRemit. This company enables Filipino workers residing overseas to pay for various products and services via the Interne..
June 12, 2018

Getting Into Cryptocurrency on a Budget

One of the best aspects of cryptocurrency is that it is incredibly divisible and almost wholly permissionless (though exchanges can require things like KYC/AML which may deny some access to the under- and unbanked). This means that crypto is generally more accessible to many more people than the legacy financial system. Users are not limited to buying whole shares, or round sum shares (100 shares, for instance) of an asset. So, someone does not need to be wealthy or well-off to participate in ..
June 12, 2018

Decred Proposes a DEX Without a Blockchain

Exchanges have been a weak spot in bitcoin going back to the Mt. Gox days. It is a decentralized currency, so why do so many people store their coins in centralized depositories? There are a lot of reasons, chief among them are ease of use and accessibility. Most of the time it is just laziness. […] The post Decred Proposes a DEX Without a Blockchain appeared first on Coinjournal.
June 12, 2018

South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform

South Korea’s commercial banking group to launch blockchain-based user ID verification platform in July. A group of South Korean commercial banks will launch a blockchain-powered customer ID verification platform in July 2018, local news outlet Korea JoongAng Daily reports today, June 12. According the report, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be used in both online computer-based and mobile banking. According to Korea JoongAng Dai..
June 13, 2018

Digital Jersey Signs MOU with Binance to Establish Crypto Exchange in Jersey

Digital Jersey has signed an MOU with Binance to launch a crypto exchange and promote blockchain initiatives on the island of Jersey. Digital Jersey, an independent organization that represents Jersey’s digital industries, has signed a memorandum of understanding (MOU) with cryptocurrency exchange Binance, according to a press release published June 11. Per the terms of the MOU, the two firms aim to develop a compliance base and cryptocurrency exchange on the island. Digital Jersey will report..
June 13, 2018

Report: Financial Action Task Force to Prepare Binding Rules for Crypto Exchanges

Financial Action Task Force to develop new binding rules for crypto exchanges The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12. The new rules would be an upgrade to the non-binding resolutions which were adopted by the FATF in June 2015. The FAFT will consider whether existing guidelines on anti..
June 13, 2018

Japanese Police Investigate Cryptojacking Case Involving Coinhive Monero Mining Software

Japan’s police are reportedly investigating a case of illegal cryptojacking with Coinhive software, defendants argue it was a method of traffic monetization. Japanese police are investigating a case of cryptojacking that involves Monero-mining software Coinhive, sources familiar with the matter told local news outlet Mainichi June 12. Investigators suspect that the alleged culprits are in violation of the law banning the use of computer viruses. According to the sources, the suspects involved ..
June 13, 2018

Proposed Bill in US Congress Would Commission Study of Crypto in Sex Trafficking

The US Congress has proposed a bill calling for the study of crypto usage in sex and drugs trafficking. The US House of Representatives Financial Services Committee has proposed a bill today that would initiate a study on how cryptocurrencies are used in sex trafficking. Should the bill be approved and signed into law, it would require the Comptroller General of the US to research how “virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or ser..
June 13, 2018

New Trade Organization to Promote Blockchain Established in Switzerland

Leading players from Switzerland's financial, technological, academic, and legal sectors have formed a new organization to promote blockchain technology. A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12. The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provi..
June 13, 2018

German Finance Authority: Crypto Regulation to Focus on Market Stability, Not Individuals

President of the German financial regulator BaFin said that they will prioritize systemic risks with crypto regulation, not individual investors Felix Hufeld, President of the Federal Financial Supervisory Authority in Germany (BaFin), said the primary role of his regulatory authority is not individual investor protection, but the preservation of overall financial stability, Cointelegraph auf Deutsch reported today, June 12. While the role of BaFin is to protect consumers and maintain general ..
June 12, 2018

New Partnership Announced Between Korea University and Huobi Subsidiary

A new partnership has been announced between Korea University and a subsidiary of major cryptocurrency exchange Huobi Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the indu..
June 12, 2018

South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform

South Korea’s commercial banking group to launch blockchain-based user ID verification platform in July. A group of South Korean commercial banks will launch a blockchain-powered customer ID verification platform in July 2018, local news outlet Korea JoongAng Daily reports today, June 12. According the report, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be used in both online computer-based and mobile banking. According to Korea JoongAng Dai..
June 12, 2018

Blockchain Startup VeChain and Deutsche Bahn Develop DApp for China’s Logistics Industry

Blockchain-as-a-Service provider VeChain and logistics giant DB Schenker have created a new DApp for supplier evaluation in the Chinese logistics industry. Singapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system, according to a VeChain Foundation post published today, June 12. A new decentralized application (DApp) will use the VeChainThor blockchain to score DB Schenker’s third-party logistics p..
June 12, 2018

Cryptocurrency Does Not Threaten Financial Stability, Says German Government

The German Federal Government says cryptocurrency does not pose a threat to financial stability, but still needs to be regulated. Representatives of the German Federal Government have stated that cryptocurrencies do not pose a threat to financial stability, Cointelegraph auf Deutsch reports today, June 12. Nevertheless, the government sees the need for regulatory measures to control digital currencies. According to the Federal Government, volume of crypto asset transactions is too low compared..
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