Malta-based cryptocurrency bank Founders Bank hired former Deutsche Bank executive Kenan Altunis as its new CEO. Malta-based cryptocurrency bank Founders Bank has appointed former executive of Deutsche Bank as its new CEO, according to a Bloomberg report on May 9. Backed by major global crypto exchange Binance, Founders Bank plans to assist blockchain and crypto-related […]
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A government representative has revealed a draft bill could land in parliament before the summer recess. Germany plans to introduce draft regulations allowing blockchain bonds as soon as this summer, local daily business news outlet Handelsblatt reported May 9. Citing Thomas Heilmann, the ruling coalition government’s dedicated blockchain correspondent, the publication revealed the new legislation […]
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Nordea is expanding its blockchain-based we.trade platform to small and medium-sized enterprise clients. Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs), according to a press release on May 9. The platform will purportedly help address trust deficits extant in current […]
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The U.S. House Financial Services Committee has passed a resolution to form the Task Force on Financial Technology. The United States House of Representatives Financial Services Committee has passed a resolution to form the Task Force on Financial Technology, according to a press release by the committee on May 9. The new task force purports […]
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Ontario regulators and the CEO of blockchain firm NextBlock are seeking a public settlement over allegations of dishonest tactics to attract investment. The Ontario Securities Commission (OSC) along with blockchain corporation NextBlock Global Limited and its CEO Alex Tapscott, have filed for a public settlement hearing on May 9. Tapscott and NextBlock were previously accused […]
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Joseph Lubin, founder of blockchain tech company ConsenSys, said that the situation with cryptocurrency trading platform Bitfinex will not likely get better. Joseph Lubin, founder of blockchain tech company ConsenSys, expressed his pessimism regarding the recent situation with cryptocurrency trading platform Bitfinex, Bloomberg reported on May 9. Speaking at the Fluidity Summit conference, Lubin said […]
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Binance experienced a “large scale” data breach this week — here is what is known so far. Binance, one of the world’s largest cryptocurrency exchanges, experienced a “large scale” data breach on May 7. The hackers reportedly stole around 7,000 Bitcoin (BTC), worth more than $40 million as of press time. As the platform explained […]
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New Jersey-based crypto mining startup Honeyminer has made its mining app available for Macintosh computers. New Jersey-based cryptocurrency mining startup Honeyminer has made its mining app available on the Apple Macintosh operating system, the firm announced in a blog post on May 9. The Honeyminer app runs in the background, using the central processing unit […]
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The United States Financial Crimes Enforcement Network (FinCEN) has issued a new guide that contains its financial regulation policies concerning Decentralized Applications. The United States Financial Crimes Enforcement Network (FinCEN) has issued new guidance that contains its financial regulation policies concerning Decentralized Applications (DApps) on May 9. In the introduction to the guide, FinCEN notes […]
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PayPal CFO John Rainey said that the firm is not interested in getting involved in the cryptocurrency sector at the moment. The chief financial officer (CFO) of major payment system PayPal said that the firm is hesitant about getting involved in the cryptocurrency sector in an interview with Yahoo Finance on May 7. Speaking about […]
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