Summary of the first reactions on Facebook’s Libra. Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least. Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal. The Libra coin […]
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The U.S. CFTC has filed a complaint against an alleged $147 million bitcoin scam scheme, Control-Finance Limited. The United States Commodity Futures Trading Commission (CFTC) launched action against a reportedly fraudulent $147 million bitcoin (BTC) scheme, fintech news outlet FinanceFeeds reports June 18. On June 17, the regulator reportedly filed a complaint with the New […]
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Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system. Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system, local media outlet industriemagazin.at reported on June 13. Alukönigstahl CEO Stefan Grüll is working on the business model of a blockchain-based steel trading database dubbed “STEEL but SMART,” […]
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The United Kingdom’s Financial Conduct Authority warned investors of two fraudulent clones of financial firms. The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June […]
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Russia may join a list of countries with an offshore crypto zone with a plan to build its own on an island. Last week, Russian officials revealed plans to build a major financial center on an island in the Far East, which would cater to cryptocurrencies, among other things. Notably, the creation of special economic […]
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India is hit with its latest wave of speculations, as rumors of a full crypto ban emerge, yet remain unconfirmed by its reserve bank. Those who mine, trade or own cryptocurrency in India are currently on the edge of their seats, as rumors keep swirling around a draft regulation called the Banning Cryptocurrencies and Regulation […]
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The number of patent filings for blockchain tech is reportedly outpacing patent filings for other forms of nascent technology, according to a new report. The number of global blockchain patent filings significantly outstrips the patent filings for other technologies, according to research by the Swiss Federal Institute of Intellectual Property (IPI) and London-based law firm […]
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Russia will officially pilot Maersk and IBM’s blockchain shipping tool TradeLens in St. Petersburg, following a new MoU. Russian authorities have signed an agreement with Danish logistics giant Maersk to officially launch blockchain shipping platform TradeLens, according to a press release on June 6. As a part of the agreement, the port at Russia’s second-biggest […]
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Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing supply chains. Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing of supply chains, according to a press release on June 11. After joining the Blockchain in Transport Alliance (BiTA) in May, Panalpina — […]
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Aon will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a group of predominantly European insurers. Aon — a leading insurance broker that purports to occupy 50% of the crypto-insurance market — will reportedly provide crypto custody solutions provider Metaco with crime insurance coverage via a panel of London insurers. The […]
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