Pressures from the banking industry? Some are suspect of the FATF’s motivation behind putting its “travel rule” in the new guidance. “Travel rule” was a term frequently heard at the V-20 Summit, which took place in parallel with the G-20 meeting in Osaka, Japan from June 28 to 29. Regulators and Virtual Asset Service Providers […]
Continue Reading
Dutch ministers have called on the government to introduce new regulations on money laundering that would include cryptocurrency-related stipulations. Dutch ministers have urged the government to regulate cryptocurrencies and certain cash payments over money laundering concerns in a statement on July 1. The officials said that the government should ban cash payments over 3,000 euros, […]
Continue Reading
An insurtech firm has entered a partnership with Aon and a branch of Oxfam to launch a blockchain-based platform for Sri Lankan farmers to cover crop losses. Decentralized insurtech firm Etherisc has launched a blockchain-based insurance platform for farmers in Sri Lanka The platform is the result of a partnership with the insurance company Aon […]
Continue Reading
Huobi Group partnered with Chinese blockchain startup Nervos to enable firms to deploy their own blockchains. Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1. Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies […]
Continue Reading
sponsored A crypto exchange has renewed its sponsorship deal with a football team, as it sets its sights on expanding into the United States. A crypto exchange has announced that it has renewed its sponsorship of an English Premier League football team for the second season running. CoinDeal says the extension of its deal with […]
Continue Reading
Blockstream CEO Adam Back — inventor of the hashcash proof-of-work system — says that “bitcoin time” seems to be running faster than the “internet time” of the early dotcom era. Blockstream CEO Adam Back — inventor of the hashcash proof-of-work (PoW) system later used in bitcoin’s (BTC) mining algorithm — says that “bitcoin time” seems […]
Continue Reading
As Israel arrests hackers with military training over the Bitfinex hack, CT talks with cybersecurity experts about the infamous cyber attack. One of the most prominent crypto cybercrimes in recent years took a dramatic turn on June 23, when two Israeli brothers were arrested in connection with the 2016 Bitfinex hack and other crypto-related phishing […]
Continue Reading
Quantum computers will not kill blockchain, but they might trigger fundamental changes in underlying cryptography. The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. […]
Continue Reading
A partner at Binance Labs expresses optimism about Facebook’s entry into crypto with Libra. Speaking to Cointelegraph at Blockchain Week Rome, Teck Chei, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness. In Chei’s own words: “I think having a company like Facebook, […]
Continue Reading
The insurance sector is riddled with inefficiencies — and distributed ledger technology is on a mission to fix them. The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive […]
Continue Reading