Monthly Archives: April 2020

Noted Tax Haven Cayman Islands Sees New Bills to Bring Local Crypto to FATF’s Heel

In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing. On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges.  How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset Service Provider Bill would establish definitions and registration requirements for companies providing crypto services including exchanges, custodians and decentralized financial operators. Accompanying this bill are amendments to other reigning pieces of finance […]

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Famous Venezuelan Entertainer Quits Acting to Lead Controversial Crypto Startup

Fernando Carrillo is looking for opportunities in the crypto sphere after a long-time career acting in TV and film. Long-time Venezuelan actor and singer, Fernando Carrillo, has announced his retirement from acting. He has decided instead to venture into the crypto business. Starting May 1, Carrillo will become the CEO of Fight to Fame, though his role only extends to Mexico and the Latin American region. According to an article published on April 29 by the Mexican newspaper, El Universal, Carrillo will lead the Singapore-based crypto firm […]

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Local Chinese Government Launches Its First Blockchain Platform

Chinese Anhui province gov launches its first blockchain platform. The government of Anhui, a province in eastern China and a part of “Yangtze River Delta Economy Region”, has officially launched its first blockchain platform for providing government services. The launch occurred on April 30, according to local news reports. Starts with local law sector “Blockchain + Electronic Certificate and License” is also the first application being launched on the government’s blockchain platform, says the report. The application will initially place lawyer’s practice licenses on the blockchain. This […]

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Nasdaq Partners With R3 to Help Build Institutional-Grade Digital Assets

Nasdaq is partnering with the blockchain solution provider R3 to build institution-grade digital assets and marketplaces. The world’s second-largest stock exchange and capital markets technology company, Nasdaq, has entered a partnership with enterprise blockchain solutions platform, R3.  R3 announced the partnership on April 29, 2020, stating that Nasdaq will use its blockchain software, Corda, among other services. Their intention is to help financial institutions easily build and deploy institutional-grade digital assets. This is a long-term, non-exclusive partnership between the two firms, which means Nasdaq can still collaborate […]

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Matic Announces a Privacy-Centric Coronavirus Tracking App

Blockchain scalability solution Matic launched a privacy-focused coronavirus tracking mobile application. Blockchain scalability solution, Matic, launched a privacy-focused coronavirus tracking mobile application. According to an April 29 announcement, the new app — dubbed Tracy — leverages the Matic network for contact tracing and quarantine management. The solution also uses decentralized data storage solution, MóiBit, to store sensitive data. Per the announcement, Tracy is the first blockchain-based solution that was developed for quarantine management and contact tracing. The application is meant to let users understand how likely they […]

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World’s First Crypto Bank Adds Support for Ripple’s XRP

Sygnum Bank will allow its users to invest in Ripple’s XRP token via their e-banking portal. Sygnum Bank, the first crypto bank licensed by FINMA, announced on April 30 that Ripple’s XRP tokens are now available through its banking services platform. Users can access deposit, exchange, and credit services using the popular digital currency. Based in Switzerland, the bank will now allow the third most capitalized digital token behind Bitcoin (BTC) and Ethereum (ETH) to be used by clients seeking to diversify their direct investments in digital […]

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Google Keeps Promoting Crypto Scams Despite Strict Crypto Policies

CoinCorner reports that Google Ads is running a phishing ad despite the firm being unable to use its service. While Google’s subsidiary, YouTube, is facing a lawsuit for promoting cryptocurrency scams, Google’s advertising platform continues to display fraudulent crypto ads through its advertising network. According to a report by Bitcoin (BTC) crypto exchange, CoinCorner, Google Ads was running an ad for CoinCorner’s phishing clone website, CoinCornerr.com. The issue was reported by CoinCorner’s marketing manager, Molly Spiers, on April 30. Google Ads promotes a crypto scam but doesn’t […]

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Cypherium Blockchain Joins Microsoft for Startups

Cypherium blockchain joins Microsoft for Startups program looks to explore new use cases with BaaS giant. Cypherium blockchain joins the Microsoft for Startups program with the goal of becoming a part of the company’s blockchain-as-a-service, or BaaS, offering in the coming months. Cypherium blockchain uses a combination of proof-of-work, or PoW, and HotStuff consensus algorithms. The latter is also used by Facebook’s Libra project.  Libra retreating In a Cointelegraph interview, Cypherium CEO, Sky Guo, said that with the recent changes made to the Libra whitepaper, his project […]

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One Crypto Youtuber’s Banning Nightmare Still Not Over

Though YouTube has restored many banned crypto channels, CryptosRus remains sidelined with little information. While many other accounts have seen reinstatement shortly following their bans in recent days, YouTube has still not brought the CrytptosRus channel back to life. It has now been three weeks since the channel creator’s original petition for reinstatement.  “My channel is still banned,” CryptosRus host, George, told Cointelegraph in an April 28 email, adding that YouTube has not updated him on the situation. “I appealed the decision three times now,” he said.  […]

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Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter

Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash (BCH) 5.8%. In a recent update, Genesis said new loan issuances soared 354% from a year ago. Active loans outstanding briefly touched $1 billion around the middle of February, before falling to […]

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