Two blockchain firms backed by Samsung and Sequoia Capital have launched a DLT think tank for the Middle East, African, and South East Asian regions. Aergo and Blocko, two blockchain firms backed by both Samsung and Sequoia Capital, announced the launch of a regional think-tank intended to bolster the adoption of innovative technologies across the […]
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Colombian startup Valiu has launched its ‘cryptodollar’ — Bitcoin-backed synthetic USD that Venezuelans can use for payments and remittances. Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy. It’s still in Alpha, but Valiu has partnered […]
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Africa is the fastest-growing mobile market and it could possibly make this continent the world’s biggest payment systems based on blockchain tech and unbanked industry. The vast swathes of Africa’s fertile lands may ultimately prove a central arena for the ground-up development of innovative digital infrastructure and green energy projects. Recent pivotal moments in African […]
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CEO of the Zimbabwean Golix cryptocurrency exchange claims to have lost the password to a cold wallet containing 33 Bitcoins. Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets. On Nov. 1, local news daily iHare reported […]
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A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system. Malayan Banking Bhd (Maybank) has signed a memorandum of understanding (MoU) with the National Bank of Cambodia (NBC) on cross-border payments and remittances. On Oct. 16, Malaysian business news outlet The Edge Markets reported that the largest […]
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Darknet financial scammers are selling cold, hard cash for only 10 to 12 cents on the dollar to buyers willing to provide a prepaid fee in Bitcoin, security researchers say. Security researchers have identified a new trend of lucrative and illicit Bitcoin (BTC) to cash conversions in their analysis of dozens of dark web marketplaces […]
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Facebook Libra is seeking worldwide compliance, but experts are sceptical that the project can meet its 2020 release date due to regulatory uncertainty. For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a […]
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Former richest man in Brazil has been arrested on suspicion of money laundering through Bitcoin trading in his wife’s name. Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf. The details of Batista’s arrest were […]
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A drug-dealing couple has pleaded guilty to selling a variety of controlled assets on the dark web in exchange for cryptocurrencies. A couple operating out of Merced, California have pleaded guilty to selling drugs on the dark web in exchange for cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH). The United States Department of Justice […]
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A recently passed Blockchain Promotion Act may indicate the desire among U.S. lawmakers for clear regulations, as Facebook’s Libra received a harsh welcome… Despite concerns expressed by many United States regulators during the recent House Committee on Financial Services’ hearing on Facebook’s proposed digital currency, Libra, an increasing number of U.S. lawmakers are speaking out […]
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