BitMex, one of the world’s biggest crypto derivatives exchanges, is executing the new regulation orders and closing its services to all Japanese traders. BitMex, one of the world’s biggest crypto derivatives exchanges, announced on April 28 that it will close services to Japan residents starting May 1 amid new Japanese regulations. Earlier this month, the […]
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British payment startup Checkout.com has joined the Libra Association, becoming the 24th member committed to building a better global payment network. In a fresh move to revive Facebook-backed digital currency project Libra, the Libra Association has onboarded another member. British payment startup Checkout.com has joined the Libra Association, becoming the 24th member engaged with the […]
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Research from a cybersecurity firm unveiled a type of ransomware that impersonates the FBI. A report from cybersecurity firm Check Point unveiled a new ransomware attack, where cybercriminals pose as the FBI to demand victims pay their “fine” by credit card. According to the April 28 report, the malware — known as “Black Rose Lucy” […]
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The U.S. Department of Transportation released a lengthy report on blockchain’s application for drones. The U.S. Department of Transportation recently publicized its effort to further harness blockchain in the world of drones. “Blockchain technology is being looked on to deliver a framework that can be used by stakeholders in the commercial drone industry,” the government agency […]
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Two blockchain firms backed by Samsung and Sequoia Capital have launched a DLT think tank for the Middle East, African, and South East Asian regions. Aergo and Blocko, two blockchain firms backed by both Samsung and Sequoia Capital, announced the launch of a regional think-tank intended to bolster the adoption of innovative technologies across the […]
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In a recent panel, SEC Commissioner Hester Peirce AKA CryptoMom opened up about the prospect of a digital dollar as well as the end of her term, coming in June. A noted crypto defender at the United States Securities and Exchange Commission has spoken to the end of her term scheduled for June, as well […]
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Chinese officials from the Yaan municipality released a statement on the use of the local hydropower-derived electricity for cryptocurrency mining operations. Chinese officials from the city of Ya’an in Sichuan have come out in support of using locally produced hydropower for cryptocurrency mining operations. On April 20 the Municipal Economic and Information Bureau and the […]
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Since white paper’s release in June 2019, Facebook’s Libra has continued to rely on blockchain architecture, vice chair Dante Disparte says. Despite existing concerns that blockchain is not mature enough to bring the new era of payments, the technology is being increasingly explored by global central banks. Blockchain technology meanwhile remains at the core of […]
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New York regulator that issues BitLicences adds a Silk Road investigator to its legal counsel. April 28, New York State Department of Financial Services (NYSDFS) announced that it is adding a former Silk Road investigator as general counsel. The Department regulates financial services and products, which include cryptocurrency-related businesses. It awards the two types of […]
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Losses in traditional finance during the COVID-19 pandemic could underline the benefits of cryptocurrencies to the world. In 2007, Nassim Nicholas Taleb, a former Wall Street trader turned professor, described the idea of a “black swan” event. Black swans are defined as being rare, of major consequence and impossible to predict, though he tempered their […]
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