Month: November 2019

In January 2020, the regulatory landscape for crypto businesses will completely change in the European Union in comparison with the last decade — and these changes will touch all those who store clients’ crypto funds or provide fiat-to-crypto exchange services, at minimum. Not long ago, the Anti-Money Laundering regulations were extended to cover cryptocurrency custodian
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Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates (UAE) for an official visit yesterday to discuss joint policy measures, including a digital currency plan.  On Nov. 27, private English-language daily UAE newspaper The National reported that Prince Mohammed was welcomed by His Highness Sheikh Mohamed bin Zayed al Nahyan, the Crown
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The Cardano Foundation, the firm behind the 12th biggest cryptocurrency Cardano (ADA), has launched AdaPay, an ADA payment gateway for merchants. Developed by the Cardano Foundation and enterprise-grade fintech platform Coti, the solution allows merchants to accept ADA payments with “near-instant” settlement in 35 fiat currencies directly in their bank accounts, the firm announced Nov.
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On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain technology.” After the Manhattan U.S. Attorney revealed the news, the cryptocurrency community erupted in outrage.
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Today United States prosecutors announced the arrest of Virgil Griffith, who allegedly traveled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on how to use cryptocurrencies and blockchain technology to circumvent sanctions. According to the November 29 announcement, the 36-year-old Griffith was arrested at the Los Angeles International Airport, and will
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Cryptocurrency exchange Poloniex now controls the largest decentralized exchange (DEX) on blockchain network Tron (TRX), official reports state. Confirmed by Tron CEO Justin Sun on Nov. 29, Poloniex will now operate TRX Market under the new name “Poloni DEX.” Poloniex ‘acquires’ decentralized exchange The move comes a month after Poloniex itself spun out from owner
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At least five Chinese cryptocurrency exchanges have halted or chosen to terminate operations this month in response to a perceived redoubling of Beijing’s anti-crypto stance. Exchange operator Bitsoda informed the public on Nov. 23 of its decision to terminate services; Akdex followed suit, announcing its decision to shut down on Nov. 24.  Also on Nov.
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The centralization of EOS has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain. On Nov. 28, EOS Block Producer EOS New York tweeted screenshots of Whois search results that suggest that
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Consulting and auditing giant KPMG has announced the launch of KPMG Origins: a multi-purpose supply chain network for a wide variety of industries, ranging from food production to financial services for the Asia-Pacific region. Producers today are being held accountable for the sustainability practices they inculcate during the production lifecycle, yet they have no means
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