Co-founder of U.S. crypto exchange Coinbase Brian Armstrong confesses that Bitcoin is his first love and that the “full promise of Bitcoin is still yet to be realized.” Brian Armstrong, founder and CEO of United States cryptocurrency exchange Coinbase, has confessed that “Bitcoin is my first love” in a series of tweets commemorating the coin’s […]
Continue ReadingChinese banking blockchain platform will be built with funds from various banks and the United Nations Development Bank. China’s self-regulatory bank organization the China Banking Association (CBA) will launch a blockchain-based platform to improve efficiency across the sector, participants confirmed in a statement Dec. 29. The project, formally dubbed the ‘China Trade Finance Inter-bank Trading […]
Continue ReadingMorgan Stanley isn’t the only bank to have been fined recently for Anti-Money Laundering non-compliance. In 2018, barely a month passed without an official at a financial institution or government department calling on crypto to clean up its act. In the last quarter of the year alone, the United States Department of the Treasury, the […]
Continue ReadingThe Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry. The Reserve Bank of India (RBI) has stated that cryptocurrencies currently pose no threat to financial stability in its recent financial report, published Dec. 28. The document entitled “Report on Trend and Progress of Banking […]
Continue ReadingThe American Economic Association’s annual meeting will see authors of four academic papers on crypto announce their findings. The American Economic Association (AEA) will host four dedicated presentations of cryptocurrency and blockchain research today, Jan. 4, as part of its ongoing annual meeting. The session, dubbed ‘Blockchain and Tokenomics,’ will cover four academic papers from […]
Continue ReadingAll major cryptocurrencies are seeing some further corrections today, Bitcoin hovers around $3,800. Friday, Jan. 3 — after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections. All of the top twenty coins by market cap are seeing tempered losses on the day, as data from CoinMarketCap shows. Top […]
Continue ReadingA former senior employee at U.S. crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance. A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4. […]
Continue ReadingCrypto finance firm Circle reported a notional trade volume of $24 billion in 2018 at its over-the-counter trading desk. The over-the-counter (OTC) trading desk at cryptocurrency finance firm Circle had a notional volume of $24 billion in 2018, according to an official Medium blog post on Jan. 3. Per the statement, Circle executed 10,000 […]
Continue ReadingBitcoin ATM producer Lamassu has moved to the Swiss canton of Lucerne due to regulatory difficulties in other countries. Bitcoin (BTC) automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post published Jan. 1. Lamassu — now called Lamassu Industries AG — has […]
Continue ReadingThe Irish Cabinet has approved stricter laws to deal with money laundering, including crypto use in funding terrorism. The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — […]
Continue Reading