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Netherlands: Police Arrest Founder of Blockchain Startup That Raised Over $80M

News Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov. Komodore64 — which launched in June with the objective to create a game platform ..

Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

News A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11. De Mol initiated judicial proceedings against the social media giant in..

Five European Union Countries Team Up to Block Libra: Report

News Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra. Private meetings to turn EU against LibraFollowing a series of private meetings in October, France is reportedly leading the anti-Libra effort with Germany, Italy, Spain and ..

UN Partners With NGO to Tokenize Chocolate Bars for Equitable Trade

News The United Nations Development Programme has partnered with Dutch NGO the FairChain Foundation to use blockchain for the more equitable funding of cocoa farmers. According to an Oct. 17 report from SpringWise, the partners will launch a new chocolate bar, made with Ecuadorian-grown cocoa, tog..

Dutch Central Bank: World Will Need Gold if Entire System Collapses

News Fiat money will become inferior to gold in the event of a total collapse of the world’s financial system, one of Europe’s central banks has said. Gold will rescue the economy from “collapse”In comments which have caught critics of fiat by surprise, the Dutch Central Bank, known as De Nederlan..

Bug Bounties in Crypto — the Best Way to Ensure Platform Safety?

Analysis Crypto companies often find out the hard way that hackers know their security systems better than they do. As hacks in the crypto world can and often do result in hundreds of millions of dollars worth of tokens being stolen, the fate of a company’s future can often ride on its security me..

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

News Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN Amro NV finds itself in the midst of a major money-laundering scandal. On Sept. 26, Bloomberg reported on news of a criminal probe into the bank’s alleged failures to report suspicious transactions a..

Oil and Gas Giant Pilots New Blockchain Platform From Modex

News Blockchain startup Modex announced the launch of its blockchain-based database platform for simplified blockchain deployment, which will be piloted by Dietsmann, a major oil and gas firm. Simplifying blockchain adoption On Sept. 19, Modex announced the release of its latest product, the Modex..

Dutch Central Bank: Crypto Firms to Be Regulated as of January 2020

News The Dutch central bank has today revealed it will begin regulating firms that offer cryptocurrency-related services as of Jan. 10, 2020. Reuters reported on Sept. 3 that De Nederlandsche Bank clarified that relevant firms in the sector must register with the institution if they wish to contin..

Report: Rwandan Central Bank Looks to Issue Official Digital Currency

News Rwanda’s central bank, the National Bank of Rwanda, is researching how to offer an official digital currency. BNN Bloomberg reported the news on Aug. 22. The central bank is interested in offering digital currency as a means to increase transaction efficiency and foster economic growth, per t..

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