USDT remains the largest stablecoin by far and is listed on all the major exchanges and wallets. Sogani: “Any [court] decision will impact the industry directly.” The iFinex–Tether market manipulation lawsuit continues. Last week, Judge Katherine Failla of the Southern District of New York selected Roche Cyrulnik Freedman as interim lead plaintiff counsel, and four […]
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Central banks’ growing interest in DLT reveals concerns in the traditional financial sector as the gap between the two narrows Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of […]
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Chile’s CryptoMarket is now operating under European regulation after being granted a license by Estonia’s financial watchdog. Chile’s crypto trading platform CryptoMarket has obtained a license issued by the Estonian Financial Intelligence Unit (FIU), allowing it to provide services for the purchase and sale of crypto assets. Founded in 2016, CryptoMarket joins a select group […]
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A panel of experts spoke before the U.S. IRS on recent changes in crypto technology that are shaking up the world of taxation. It is no secret that the United States Internal Revenue Service is working to cope with the unique challenges of taxing cryptocurrencies. In the first of a series of panels today, March […]
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Major uranium producer Uranium One and DLT startup Insolar have teamed up to explore blockchain’s capabilities in uranium and energy trading. Major uranium producer Uranium One and distributed ledger technology (DLT) startup Insolar have teamed up to explore blockchain’s capabilities in uranium and energy trading. The partnership will focus on the improvement of the production […]
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The United States Treasury met with prominent figures from the cryptocurrency space to discuss regulatory challenges. The United States Department of the Treasury met with prominent figures from the cryptocurrency space to discuss regulatory challenges. The Treasury announced on Mar. 2 that it along with industry thought leaders and compliance experts discussed the supervision of […]
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Big Four accounting firm KPMG issued a new report on crypto assets, estimating that more than $9.8 billion in cryptocurrency has been stolen by hackers since 2017. Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 […]
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After revealing its planned digital currency back in 2018, the Marshall Islands chose blockchain firm Algorand as technology partner for the project. The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) — […]
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DIFC and Mashreq Bank launch Blockchain KYC platform to support faster business registration in the UAE. Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform on March 1st. This platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via […]
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Do blockchain and data security have a mutual relationship or is it not as secure to use blockchain when it comes to storing data? In November 2019, security firm Risk Based Security called last year the “worst year on record” for breaches, with almost 8 billion records affected. Third-party control over personal data makes privacy something […]
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