Power Finance, led by former PwC partner, plans to launch a New Zealand digital dollar stablecoin early next year. New Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ Distributed Ledger Technology. […]
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Crypto markets have been shaken after top Asian exchange OKEx suddenly suspended crypto withdrawals in order to cooperate with an investigation. Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” with regard to ongoing “investigations.” The exchange […]
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Two massive companies have teamed to create a blockchain platform to manage the agriculture sector and its first test was in Brazil The world’s largest grains and oilseeds companies, American giants Bunge and Cargill, have joined together to create the joint venture Covantis, which will use blockchain technology in the agricultural sector in Brazil. The […]
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A former NFL team owner has been asked to pay $371M as part of a plea deal over bank fraud, illegal money transfers, and wire fraud. He’s not interested. The legal team for Reginald Fowler said the former minority owner of the Minnesota Vikings is open to a guilty plea regarding his involvement in Crypto […]
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Crypto needs insurance too. Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space. “The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises, loss in transit, loss caused by computer fraud or funds transfer […]
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Spain’s new anti-tax fraud bill includes crypto implications. Awaiting parliamentary approval in Spain, a fresh bill draft intends to cut out illegal tax dealings, as first reported by Cointelegraph’s Spanish branch. This could mean smaller business transactions as well as mandatory crypto-asset reporting, even for assets held or transacted internationally. The “Draft Law on Measures […]
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Losses due to crypto scams are on the rise in Belgium. Belgium’s financial watchdog has reported scammers stole up to $12 million from investor in the country using fraudulent ads. In an Oct. 5 warning from the Financial Services and Markets Authority (FSMA), the watchdog estimated that investors in Belgium had lost at least 10 […]
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Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack. A group of investors is crowdfunding a lawsuit against Yearn.finance (YFI) founder Andre Cronje over the unreleased and unfinished Eminence (EMN) protocol and its hack. In a post, the group EMN Investigation said it […]
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If the courtroom drama of OneCoin is not enough, you’ll soon see the whole thing play out on the big screen. Even as the OneCoin Ponzi scheme makes its way through the courts, a movie about it is now in development with a Titanic lead star. As reported by Deadline, Kate Winslet has signed on […]
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More regulation is coming, and it will be costly, but compliance can also expand an exchange’s customer base. Crypto intelligence firm CipherTrace released a study on Oct. 1 reporting that more than half of the world’s cryptocurrency exchanges had deficient customer identification processes in place against money laundering. On the same day, the United States […]
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