The Thai SEC updated the list of cryptocurrencies suitable for use in ICO investments and trading pairs. The Thai Securities and Exchange Commission (Thai SEC) has updated the list of cryptocurrencies suitable for use in initial coin offering (ICO) investments and trading pairs. An official Thai SEC statement reported the development on Feb. 28. Until now, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM) could be used for the purposes mentioned above when complying with regulation in Thailand. In this statement, the commission informs the public […]

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Global demand for blockchain engineers is up by 517 percent year-over-year, according to the report. The global demand for blockchain engineers is up by 517 percent year-over-year, according to a report released by recruitment company Hired on Feb. 28. The document also notes that the second-fastest growing software engineering role is security engineer, with 132 percent growth, and third is embedded engineer, up 76 percent. The blockchain engineer role also consistently stayed among the top-three most-paid software engineering jobs in the various cities covered in the report. […]

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GIC was reportedly one of the investors to have helped raise $300 million for crypto exchange Coinbase in 2018. Singapore’s Government Investment Corporation (GIC) was reportedly one of the investors to have helped raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018. Bloomberg reported the news on Feb. 28, citing anonymous sources familiar with the matter. According to its official website, GIC — which was founded to manage Singapore’s foreign reserves — has in excess of $100 billion assets in […]

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7,096 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018. More than 7,000 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018, a more than tenfold increase from the 669 cases over a nine month period during the previous year. The news was reported on Feb. 28 by local English-language daily The Japan Times. In 2017, just 669 cases were reported over a nine month period through December 2017, after new rules taking effect in […]

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The company sold $52 million in Bitcoin in the last quarter of 2018, bringing annual totals to over $166 million. United States-based payment platform Square reported $166 million in annual Bitcoin (BTC) revenue for 2018, data from its annual earnings report published Feb. 27 confirms. Square, which shares its CEO Jack Dorsey with Twitter, achieved just over $52 million in Bitcoin sales for Q4, surpassing Q3 by $9 million and Q2 by more than $15 million. Clear profit from the Bitcoin operations, which involve Square’s consumer app […]

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PwC has published guidance for financially distressed or insolvent businesses in the crypto sector. Big Four audit and consultancy firm PwC Hong Kong has published guidance for financially distressed or insolvent businesses in the crypto sector. The document, released February 2019, tackles the complexities specific to the nascent industry, in particular in regard to asset valuation and multi-jurisdictional operations. PwC notes that the two parameters used to determine a company’s financial viability — cash flow and balance sheet assessment — may be more difficult to ascertain in […]

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The exchange has been closed for almost two months following a major hack that could have involved around 10 percent of its funds. Hacked New Zealand cryptocurrency exchange Cryptopia will reopen for business on Monday next week, officials confirmed on social media on Feb. 26. In a series of updates, Cryptopia revealed its two founders would be returning to the company to help spearhead operations following an overhaul of its structure. Police formally granted permission for trading to resume in mid-February, but a subsequent notice from staff […]

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