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Cryptocurrency Exchanges Have Been Used to Launder $88 Million Since 2016: WSJ

September 29, 2018 0 0

Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $88 million over the past two years, a Wall Street Journal report alleges. Money Laundering Pervasive in Crypto Trading Industry: Report The Journal’s investigation traced funds from over 2,500 wallets that courts flagged for their involvement in criminal activities. The paper partnered with London-based […]

Mongolia Issues First Digital Currency License under New Payment System Law

September 29, 2018 0 0

Mongolia has taken a significant step forward toward bolstering its fintech sector, with the East Asian country’s central bank authorizing a local telecom operator to issue a digital currency under the country’s recently-passed national payment system bill. As first reported by state-owned news agency Montsame, the Bank of Mongolia on Friday issued its first-ever digital currency license to [...]

AT&T Introduces Blockchain Solutions For Business, Tapping IBM And Microsoft

September 29, 2018 0 0

AT&T has introduced a suite of blockchain solutions to allow enterprises in various industries to track and manage information more efficiently, the telecom giant announced on its website. The solutions include technology from Microsoft and IBM and can benefit users in industries ranging from manufacturing to retail and healthcare. The company noted it is combining its “edge to edge” capabilities with distributed […]

Former UBS Executives Raise $104 Million to Create Regulated Crypto Bank

September 28, 2018 0 0

Former UBS executives raised $104 million to operate Seba, a strictly regulated crypto bank, with a banking license from Finma, the Swiss financial regulator. The infrastructure of the cryptocurrency exchange market is improving rapidly with Bakkt, Coinbase, and major US-based banks like Citigroup, Morgan Stanley, and Goldman Sachs that have recently released their plans to operate crypto custodian solutions. […]

One of the First Bitcoin Miners is Quietly Cashing Out: Blockchain Researcher

September 28, 2018 0 0

As of Thursday, Sept. 25, the bitcoin price has climbed about 3 percent, briefly crossing the $6,700 level and extending toward $6,750 at one point in the early evening. While this movement has made plenty of cryptocurrency traders and investors happy in the short-term, a recent analysis of spending patterns relating to some of the earliest blocks […]

Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement

September 28, 2018 0 0

Veem, a cross-border payments platform that uses bitcoin to move funds among businesses without the need of banks, has raised $25 million in a round led by Goldman Sachs, according to Forbes. The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the funding round were […]

Dell Has Blockchain Ambitions to Driver Server Expansion in India

September 27, 2018 0 0

Technology giant Dell has outlined plans to invest in emerging tech like blockchain to retain its top position in India’s server market. The comments surfaced in light of Dell’s ambition to retain its top position in India’s server market. The multibillion-dollar tech giant received requests from its clients for tapping modern server solutions, confirmed Manish […]

This Trader Shorted Bitcoin to $5,950 on CNBC, Bitcoin Price Now at $6,500

September 27, 2018 0 0

Scott Nations, the president and chief investment officer of NationsShares, a division of Fortress Trading, shorted Bitcoin through the Cboe futures market live on CNBC on September 26. Since then, the price of Bitcoin has slightly increased to $6,500. “I want to be a seller of the October contract. The Cboe Bitcoin futures, that is a single […]

Cryptocurrency is the ‘Natural Evolution’ of Money: Ethereum Co-Founder Joseph Lubin

September 27, 2018 0 0

ConsenSys founder and Ethereum co-creator Joseph Lubin recently expressed his thoughts on the “equal waves of fascination and skepticism” concerning cryptocurrency, in a Quartz op-ed publishedon Sept. 25. Lubin referenced a number of historical antidotes to assert that society has always been a bit skeptical towards those who come up with new concepts of money but argued […]

This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account

September 26, 2018 0 0

German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor […]