Monthly Archives: April 2020

Poloniex Enters Controversial IEO Space With Tron-Only Platform

Poloniex has announced it will launch a Tron-powered initial exchange offering platform called LaunchBase. Poloniex revealed its forthcoming Tron (TRX)-powered initial exchange offering (IEO) platform on April 5. Projects seeking to conduct their offerings on Poloniex’s LaunchBase platform face the stipulation of issuing tokens in exchange for TRX, and will be considered on a “first-come, first-serve” basis. Poloniex announces Tron-powered IEO platform Poloniex asserts that LaunchBase is intended “to help quality blockchain projects grow and further develop their ecosystem,” stating that it will “offer professional advice and […]

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10 Countries Actively Regulating Cryptocurrency Despite Global Crisis

Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Regulations Directly Affecting Crypto Exchanges, Businesses and Individuals The world is going through a crisis with an escalating number of covid-19 cases causing economic turmoil in many countries. The International Monetary Fund (IMF) […]

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Revised Crypto Laws in Japan to be Enforced Starting May 1

Changes to Japanese regulations on crypto — the Payment Services Act and the Financial Instruments and Exchange Act — will be enforced on May 1. New laws for regulating cryptocurrencies in Japan will start to be enforced next month. The Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two of the pieces of legislation passed by the Japanese House of Representatives last year to regulate crypto, were scheduled to come into effect starting in April. However, with unexpected delays, no enforcement date had officially […]

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Blockchain App Used to Track COVID-19 Cases in Latin America

The app Civitas by startup Emerge is part of the company’s efforts to track and prevent the spread of COVID-19 in Central America. A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America. Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety and cut store wait times by reducing gatherings in […]

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Waves Lets Users Bet on Spread of COVID-19 For Charity

Waves Exchange hosts a tokenized parimutuel betting pool allowing users to speculate on the weekly number of confirmed COVID-19 cases. Waves has launched a macabre campaign to purportedly raise money for COVID-19 relief. The platform has created a tokenized parimutuel betting pool where users can speculate on whether the global number of confirmed coronavirus cases has risen or fallen within a given week. On April 3, Waves announced the ‘charity campaign,’ ostensibly in support of “organizations and funds in need of financial aid in fighting the global […]

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Stellar to Match XLM Donations to Six Non-Profits During April

The Stellar Development Foundation will match public donations up to a maximum of 1.9 million XLM. The Stellar Development Foundation is matching donations in Lumens (XLM) made to six non-profits during April, including the Tor Project — the team behind ‘The Onion Router’ anonymizing browser. Donations will be matched up to a total of 1.9 million XLM (roughly $79,300), with the foundation launching the initiative by donating 100,000 XLM ($4,200) to each of the charities  Stellar to match donations to Tor Project On April 4, the Tor […]

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Adult Entertainment Supported by Crypto Shoppers During Quarantine

While crypto spending has fallen in some areas, Coingate reported an increase in the number of adult entertainment transactions. While many crypto holders around the world are practicing self-quarantine and other measures to limit social contact, some are turning to the adult industry for comfort.  Speaking to Cointelegraph, cryptocurrency payment processor CoinGate reported an increase in purchases from adult stores in March over activity in February. Sites like ManyVids and LiveJasmin had 17% and 8% increases in cart sizes, respectively. Other adult stores reported a 36% increase […]

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Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears

Monopoly Market has announced it will ban vendors who use the COVID-19 pandemic as a marketing tool. Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform. On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva. Monopoly Market to ban vendors using coronavirus as ‘marketing tool’ On April 2, dark web journalist, Eileen Ormsby, tweeted a screenshot […]

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