On Tuesday, the European Central Bank and the Bank of Japan released a joint report on part two of Project Stella, which focused on securities settlement systems: delivery versus payment (DvP) in a distributed ledger environment. Although securities settlement is conceptually possible in single-ledger or cross-ledger DvP systems, the banks said that additional study would… Read More »
Criminal Bitcoin Trader Found Guilty of Money Laundering in ArizonaThough many convicted criminals serve time and receive help reforming, for one Bitcoin trader, his record continues to grow from felony marijuana charges to money laundering. First reported by CCN earlier as an “unlicensed money transmitting business,” it appears as though Thomas Mario Costanzo, who often… Read More »
Not Everyone’s a Fan of the CFTC Chairman aka ‘Cryptodad’As commodities regulators go, few have managed to attain the cult following that US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has assembled in recent weeks. However, the markets supervisor — nicknamed “cryptodad” by cryptocurrency enthusiasts — is finding that this newfound fame does… Read More »
The US Dollar remained steady during Asian trading on Friday, though analysts caution that, ahead of a new quarter which begins next week, the greenback will likely have run out of steam.
On Thursday, Chilean media reported that BancoEstado will close an account belonging to Orionx. This follows similar reports about cryptocurrency platforms BUDA and Crypto MKT, which together called for regulatory clarification through an open letter.
A board member with Gazprombank has revealed that the financial institution could run a cryptocurrency-related pilot in Switzerland through a local subsidiary there.
Intel filed a patent application, which was recently published, for a system that would allow vehicles to transmit data to third parties in a way that protects the driver/owner’s privacy. The system would accomplish this, in part, by using blockchain technology, private key encryption, and zero-knowledge proofs.
On Thursday, the UK’s Financial Conduct Authority (FCA) published a cautionary note about Olsson Capital, a Bulgarian firm that has been offering cryptocurrency-linked financial products in the United Kingdom without authorization.
A leading South Korean insurance firm has rejected a claim from the cryptocurrency exchange Youbit, which was seeking a $2.8 million payout following a hack in December 2017 that caused it to declare bankruptcy.
Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange Youbit: WSJOne of South Korea’s largest insurance companies has denied a claim from cryptocurrency exchange Youbit in the wake of a December cyberattack that bankrupted the firm’s parent company. The Wall Street Journal reports that DB Insurance denied a $2.8 million claim from Yapian Corp. — Youbit’s… Read More »