Tag: cryptocurrency

German Financial Regulator BaFin Shuts Down Activity of British Crypto-Related Firm

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Germany’s federal financial regulator BaFin has ordered the cessation of cross-border proprietary trading from a British crypto-related firm. The German Federal Financial Supervisory Authority (BaFin) has ordered partial cessation of activities by U.K.-based crypto-related firm Finatex Ltd., according to an official announcement published on BaFin’s website on Friday, Nov. 9. According to the BaFin’s notice, […]

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Four Crypto Firms Ordered to Cease and Desist by Colorado Securities Commissioner

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The Colorado Securities Commissioner has ordered four initial coin offerings to immediately cease and desist in connection with offering unregistered securities. Colorado State Securities Commissioner Gerald Rome has issued a cease and desist order to four Initial Coin Offerings (ICOs) for allegedly offering unregistered securities, according to an official notice published Nov. 8. The orders […]

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Experts: Finance Firms Need to Replace IT Infrastructure to Adopt Blockchain and Crypto

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According to some industry experts, entering the crypto and blockchain space will require some companies to rethink how they organize their IT infrastructure. Industry experts say that financial institutions will have to replace their existing internal IT infrastructure for greater adoption of blockchain and digital currencies, Scotland’s national news outlet the Scotsman reported Nov. 9. […]

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Drug Barons, Rogue States and Terror Groups Use Banks – Can Blockchain Stop Them?

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sponsored Banks have been intentionally – and unwittingly – doing business with drug kingpins and rogue nations. A blockchain network says it can help them avoid eye-watering fines.   Scathing reports by regulators have accused traditional banks of inadvertently helping “drug kingpins and rogue nations” – enabling them to commit money laundering, make questionable transfers […]

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Thailand to Legitimize First ICO ‘Portal’ via New Regulation, Says SEC Head

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ICOs will soon debut in Thailand under formal legislation that regulates the entire cryptocurrency sector, says Thai SEC. Thailand’s securities regulator will clear “at least one” Initial Coin Offering (ICO) “portal” to operate legally in November, local daily news outlet Bangkok Post reported Nov. 8. Speaking to the publication, Rapee Sucharitakul, secretary general of the […]

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Canadian Bank Set to Launch Uncheckable ‘Deposit Box’ for Cryptocurrency

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A subsidiary of Canadian bank VersaBank has completed beta testing of its new solution, which targets exchanges and crypto funds as clients. A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8. VersaVault, which announced its so-called “digital safety […]

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Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

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Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia. Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and […]

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