Monthly Archives: February 2019

Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases

Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions. Also read: Platform for Crypto Payments to Bank Accounts Launching in the UK Most Instances Involve Banks and Credit Card Companies The number of cases of suspected money laundering linked to cryptocurrencies reported in Japan surpassed 7,000 last year, the Japan Times reported, quoting the […]

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Cryptopia Estimates 9% of Total Assets Stolen During January Hack

New Zealand cryptocurrency exchange Cryptopia has published a series of tweets detailing the extent of the losses it suffered during an attack by hackers in January. It said: “We have calculated that worst case 9.4 percent of our total holdings was stolen.” Also read: 125-Year Old Swiss Bank Julius Baer Enters Cryptocurrency Market ‘Securing Individual Wallets’ The Christchurch-based exchange explained that it is “continuing to assess the impact incurred as a result of the hack,” but did not provide the value of the heist in dollar terms. […]

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35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate commercial banks. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Regulating Like Commercial Banks Supervision standards for cryptocurrency exchanges were discussed at a Financial Action Task Force (FATF) meeting which took place in France on Feb. 22. Business Korea reported South Korea’s top […]

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In the Daily: Fidelity Investments, London Stock Exchange Group, Sofi

In this edition of The Daily we feature a number of traditional financial companies that are stepping into the crypto assets world. Fidelity Investments backs Coin Metrics, London Stock Exchange Group funds tokenization platform Nivaura and Sofi is set to add crypto support. Also Read: Top Business School in India to Offer Advanced Blockchain Program for Professionals Fidelity Investments Backs Coin Metrics Coin Metrics Inc, a provider of crypto market and network data, has announced it closed a $1.9 million seed round of venture funding. The financing […]

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New Pwc Report on Crypto Insolvency Captures the ICO Chaos

Accounting firm Pwc’s Hong Kong branch recently released a crypto insolvency report guiding crypto business owners on what to do “when things start to go wrong.” News.Bitcoin.com spoke to the crypto head of Pwc’s Asia operations, part of the team who released the report, on how he views the current cryptocurrency landscape, the factors that are causing crypto firms to become insolvent, and why he believes industry regulation is unavoidable. Also read: 46% of Last Year’s ICOs Have Failed Already Why Crypto Business Owners Need Help Navigating […]

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Honest Cash Publishing App Sees Organic Growth and New Features

Last November, a new Bitcoin Cash-powered publishing platform was launched called Honest Cash after the blogging site Yours.org opted to follow the BSV chain following the blockchain split. Since then, the Honest Cash application has seen significant growth, new features, and a custom SLP-created coin called the Honest Cash Token (HCT). Also read: Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize Bitcoin Cash Social Media App Honest Cash Grows Bigger Every Month The BCH-centric publishing platform for content creators Honest Cash has seen a lot […]

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Putin’s New Order Putin has approved a list of instructions for 47 orders, according to a document posted on the Kremlin website on Wednesday. Among them is an order for […]

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Platform for Crypto Payments to Bank Accounts Launching in the UK

A company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear on Ukrainian Tram Aave Pay Supports 12 Cryptocurrencies Aave Pay is an online platform that can be employed to pay with cryptocurrencies where regular bank transfers are accepted. Users will also be […]

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Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize

On Feb. 27, Boston-based cryptocurrency finance firm Circle announced a partnership with Nice Actimize financial crime detection and prevention technologies unit. Circle follows other large cryptocurrency exchanges that have opted to add a compliance and surveillance solution. Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months Goldman Sachs-Backed Crypto Exchange Partners With Compliance and Surveillance Unit Circle believes there is a need for regulation in the crypto market ecosystem so the Goldman Sachs-backed firm has decided to partner with a compliance and […]

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Cryptocurrency Jobs Peak in These Indian Cities

Demand for skilled professionals in the crypto space has been steadily rising, according to new data that ranks cities in India based on the number of jobs in the cryptocurrency field. Some cities such as Mumbai dropped several places from last year’s ranking while a couple of others are new to the list. Also read: Indian Supreme Court Gives Government 4 Weeks to Produce Crypto Regulation Hottest Cities for Crypto Jobs According to new data from job listing site Indeed, Bengaluru is the number one city in […]

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