Category Archives: Crypto News

Russian Central Bank to Pilot First Official ICO

Russian state-owned bank Sberbank and the National Settlement Depository will test the country’s first official ICO using the Bank of Russia’s regulatory sandbox. Russian bank Sberbank CIB and the National Settlement Depository (NRD) will pilot the country’s first official Initial Coin Offering (ICO) using the Bank of Russia’s regulatory sandbox, ForkLog reports today, May 24. Sberbank CIB, the investment banking arm of major state-owned bank Sberbank, and NRD, which is part of the Moscow Stock Exchange Group, are now finalizing plans with the central bank to launch […]

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Poland Continues Its Aggression Towards Crypto, But the Community Shows Force

Rhetoric aside, negotiations are in process. On May 10, Polish Financial Supervision Authority (KNF) held a tender order of 615,000 zloty (around $170,000) to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading. That sum is hardly impressive, but represents another gesture against crypto by the conservative Polish government, which has already admitted to its investments in FUD media activities in February. Nevertheless, the local crypto community has stood up for itself in an educational […]

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Spain: Barcelona to Create Blockchain Center in City’s Tech Hub

Barcelona’s Tech City will gain the addition of a space dedicated to blockchain development. Barcelona Tech City will create a specialized space for blockchain technology development, local news outlet La Vanguardia reports today, May 24. The blockchain space will consist of a second building near to Pier01, the headquarters of Barcelona Tech City that opened in summer 2016, and will most likely be occupied by Spanish blockchain network Alastria, according to unnamed sources. Pier01 currently houses 1,000 professionals from tech startups and innovation hubs as part of […]

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Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems

The creator of a diamond-backed crypto asset D1 Coin purchased diamonds from leading global industry veterans to inaugurate its diamond reserve. Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph. D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement to buy 1,500 investment-grade diamonds, worth $20 mln, from global veteran KGK Diamonds, part of the De Beers group. The […]

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Crypto vs. RBI: India’s Banking Bitcoin Battle Shows No Sign of Letting Up

India’s banking system has taken a harsh stance against cryptocurrencies. On April 5, India’s Central Bank, the Reserve Bank of India (RBI) made a big move in the ongoing global regulatory push on cryptocurrencies as it decided to no longer provide services to any person or business that deals with cryptocurrencies. Since then, there has been a battle building up, with the latest skirmish set for July 20 – the Supreme Court of India’s next hearing date for the latest petitions against the bank’s decisions. This decision […]

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Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales

Singapore regulators have reminded eight cryptocurrency exchanges of the need to have legal permission to trade securities or futures contracts. Singapore’s central bank said today, May 24, that it had issued a warning to eight cryptocurrency exchanges over securities compliance and ordered an ICO to stop issuing tokens. In a press release, the Monetary Authority of Singapore (MAS) reiterated operators in the city-state “are responsible for ensuring that they comply with all relevant laws.” The warnings continue the narrative put forward by authorities this year, with Singapore […]

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Top Ethereum Token Protocols Which May Replace ERC20

From ERC20 tokens to collectible coins: What do we know about the Ethereum protocols that manage our ICOs and private transactions? Disclaimer: The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Today, anyone can create a smart contract based on the Ethereum blockchain and release their own tokens. Until recently, the implementation of a particular coin was entirely entrusted to the developer of that coin, and it had rather an experimental nature often accompanied by a number of related […]

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UN’s Project Services Arm Partners With IOTA to ‘Expedite’ its Mission With Blockchain

The United Nations’ UNOPS is working with blockchain company IOTA on upgrading its processes using blockchain technology. The United Nations signed a “memorandum of understanding” with blockchain platform IOTA to explore how the technology can increase efficiency, the two parties confirmed May 22. In a press release about the partnership, which features the United Nations Office for Project Services (UNOPS), the organization said the focus was on cutting intermediaries using blockchain. “We share a vision where machines, devices, sensors and people connect and communicate to each other […]

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Bloomberg: US DOJ Opens Criminal Investigation Into BTC, ETH Price Manipulation

Bloomberg reports that the U.S. Justice Department has opened a criminal probe into the illegal practices that could result in the manipulation of crypto markets. A criminal probe into Bitcoin (BTC) price manipulation by crypto traders has been opened by the U.S. Department of Justice (DoJ), Bloomberg reports today, May 24. Bloomberg cites four unnamed sources close to the matter as reporting that the criminal investigation – run by U.S. federal prosecutors and the Commodity Futures Trading Commission (CFTC) – will look into how traders could have […]

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Ethereum: A New Voting System Could Solve A Lot Of The Arguments

What Has Happened? As is well documented, there is a current roadblock in the governance of Ethereum and there now looks to be an experimental vote system being designed to see if an amicable resolve can be reached somehow. Over the last few months we have seen a few decisions come into question regarding the development of the Cryptocurrency and now steps have been taken forward by Ethereum’s main developer Vitalik Buterin to resolve the huge disparities in the next best steps. This is a bold move […]

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