A group of trade associations representing several national Virtual Asset Service Providers announced the launch of a global collaboration for firms in the industry. A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry […]
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CoinMarketCap and major crypto exchanges are pushing to improve liquidity, strengthening the long-term growth trend of the sector. In May, crypto market data provider CoinMarketCap requested all exchanges in the global exchange market disclose accurate data in a move to improve transparency of the information displayed on the platform. CoinMarketCap declared an ultimatum to all […]
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JPMorgan’s exec revealed that the bank has seen interest from global clients potentially using JPM Coin in bond transactions. The United States’ largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25. Umar Farooq, head of digital treasury […]
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The Canadian firm Graph Blockchain Inc has partnered with Seoul’s transportation ministry. Canadian tech firm Graph Blockchain Inc. has partnered with the Ministry of Transportation in Seoul, South Korea, to run a pilot program for blockchain-based traffic data storage, according to a news release on June 24. Graph Blockchain reportedly signed a contract for around […]
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Digital money has been gradually transforming the world’s charity landscape, involving governments and traditional nonprofits. The technology that underpins cryptocurrencies has been gradually entering the charity sector, purportedly providing more transparency and trust to the industry — especially given a decrease in people’s trust in charity organizations, where the public is increasingly concerned about how […]
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Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal data, allegedly leading to a subsequent hack in 2017. South Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal information, which was later presumably exploited by hackers to […]
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LVC Corporation is allegedly close to obtaining an FSA-issued crypto exchange operating license. LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant Line, is allegedly close to obtaining a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on June 20. According to the report, Japan’s […]
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Ubisoft is exploring the possibility of integrating blockchain into its games — is this the future of gaming? The gaming industry has grown dramatically in recent years, partially because the world of video games is keeping up with the latest technological advances and even tries to get ahead of them. As such, it couldn’t bypass […]
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Visa launches a blockchain-based centralized payment settlement service for international business transactions, challenging USC and Ripple. Visa has launched a payment system for business-to-business (B2B) transactions partially based on blockchain technology. The United States payment behemoth says its platform, called Visa B2B Connect, offers seamless cross-border payment processing for institutional clients without going through the complex web of third-party […]
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Global legislators have voiced their support for a June summit in Japan, which will discuss industry responses. Global legislators have voiced their support for a forthcoming summit in Osaka, Japan, which will be devoted to virtual asset service providers’ (VASPs) response to a new set of recommendations set forward by the Financial Action Task Force […]
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