Category Archives: Crypto News

WSJ: Three ICO Startups Missed

Three firms that collectively raised about $40 million through unregulated ICOs in 2017 missed the deadlines set forward in their settlements with the SEC. Several firms that collectively raised about $40 million through unregulated initial coin offerings (ICOs) in 2017 missed their deadlines to repay investors following charges by the United States Securities and Exchange Commission (SEC). The Wall Street Journal reported on Nov. 14 that the firms agreed to repay investors or provide more transparency in exchange for lower fines, but did not follow through. The […]

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‘We’ve Got to Be Careful’ With Crypto Regulation, Says QUOINE Co-Founder

According to Mike Kayamori, an evolving technology must be regulated very carefully. Speaking during an on-stage panel at BlockShow Asia 2019, QUOINE co-founder Mike Kayamori said he has always been in favor of crypto regulation, but has begun changing his mind: “Crypto is evolving, and the government can’t try to regulate things it still doesn’t understand.” Kayamori said he’s “always been a pro-regulation person,” but there is cause for being careful. “Politicians have their own agenda,” he said. “I am still in favor of crypto regulation, but […]

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Blacklists Aren’t Enough To Stop Crypto Fraud

We need a high level of evaluation for how this data is gathered instead. The security experts at BlockShow Asia 2019 agree: creating a unified blacklist for scammers and fraudsters is not only difficult, but it’s not enough to solve these issues within the crypto space. Cryptocurrency service providers like exchanges already maintain their own separate blacklists. Combining these into one list may look useful, but it’s not especially easy to do.  Ulisse Dell’Orto, managing director at Chainalysis, pointed out the need for a “high level of […]

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Central Bank of China Starts Trials to Restrict Large Cash Transactions

The People’s Bank of China will pilot a restriction on large-scale cash transactions in three different regions, possibly paving the way for its upcoming digital currency. The People’s Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB). On Nov. 14, local news outlet Xinhuanet reported that the PBOC intends to carry out a large-scale cash management trial that […]

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Bitcoin Price Slips Below $8,600 While Tezos Jumps 11%

The price of Bitcoin has slipped below the $8,600 price mark, while Tezos jumped a massive 11% on the day. Thursday Nov. 14 — Cryptocurrency markets are largely trading sideways, with Tezos being the only top-20 coin showing notables gains of more than 11%. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been showing little price movement over the last few days and recently sipped below the $8,600 price mark. The world’s largest cryptocurrency started the day at an intraday high of $8,800 before slowly moving downwards […]

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Ingenico Partners with Pundi X to Unlock Android-Based Crypto Payments

Pundi X has integrated its XPOS gateway into Ingenico’s mobile portable POS solution APOS A8 to allow payments via Android. French payment firm Ingenico has partnered with Singapore-based crypto startup Pundi X to enable its customers to receive payments in crypto using smartphones.  Pundi X has integrated its point-of-sale payment gateway (XPOS) into Ingenico’s mobile portable POS solution APOS A8, the firm announced on Nov. 12. Through this partnership, merchants around the world using Ingenico’s Android-based APOS A8 will now be able to accept a wide number […]

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BRICS Nations Discuss Creation of New Crypto For Unified Payment System

The creation of a new cryptocurrency for BRICS member nations was discussed at the 11th annual BRICS Summit 2019. According to one official in attendance, members of international association BRICS discussed the creation of a new cryptocurrency at a recent summit. On Nov. 14, Russian financial news outlet RBC reported that the director-general of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said that the BRICS Business Council supported the idea of creating a single payment system for settlements between the member countries at the 11th annual […]

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Two US Men Arrested For Stealing Social Media Accounts and Crypto via SIM Swapping

U.S. Department of Justice arrested two Massachusetts men for allegedly taking over victims’ social media accounts and stealing their cryptocurrency via SIM swapping. The United States Department of Justice has arrested and charged two Massachusetts men for allegedly taking over victims’ social media accounts and stealing cryptocurrency. According to the announcement on Nov. 14, the two — Eric Meiggs and Declan Harrington — were charged with one count of conspiracy, eight counts of wire fraud, one count of computer fraud and abuse and one count of aggravated […]

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Andreessen Horowitz Leads $25M Funding Round for Crypto Lending Startup

Decentralized finance (DeFi) lending protocol Compound secured $25 million in an investment round led by Andreessen Horowitz’s a16z Crypto. Venture capital firm Andreessen Horowitz has led a $25 million funding round for crypto lending startup Compound. On Nov. 14, Fortune reported that Compound, a decentralized finance (DeFi) lending protocol, secured $25 million in an investment round led by Andreessen Horowitz’s a16z, with participation from other top investors including Paradigm, Bain Capital Ventures and Polychain Capital. To integrate with crypto exchanges, custodians, wallets Compound CEO and co-founder Robert […]

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Blockchain.com Loan Desk On Track to Lend Over $120 Million In November

U.K.-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million in November. United Kingdom-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million this month. On Nov. 14, the Block reported that Blockchain.com has been quietly building its loan desk to be competitive with firms like Genesis Global Trading and BlockFi. CEO of Blockchain.com, Peter Smith, said that his lending business initially started out by making loans to other cryptocurrency lending […]

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