Circle Taps Fmr. Goldman Sachs Executive to Spearhead Regulatory Affairs July 28, 2018

Circle Internet Financial has hired Benedicte Nolens, a former Goldman Sachs executive director, as its new head of global regulatory affairs and head of compliance for Europe and Asia operations, as the company expands into global crypto securities trading, according to Business Insider. Benedicte Nolens | Source: LinkedIn Nolens brings significant regulatory experience, joining Circle […]

Tezos Foundation Taps ‘Big Four’ Firm PwC for Independent Audit July 28, 2018

Major auditing firm PricewaterhouseCoopers (PwC) Switzerland has agreed to conduct an independent audit of the Tezos Foundation’s finances and operations, the foundation announced on Monday. PwC, considered one of the “Big Four” auditing firms, will review the finances of the Tezos Foundation, which is holding hundreds of millions of dollars worth of cryptocurrencies and other […]

The Daily: Twitter Blocks Bots Mimicking Musk, Coinvault Hackers Sentenced July 27, 2018

The Daily In Friday’s edition of The Daily, Twitter has taken measures against crypto scammers imitating the profile of Tesla’s CEO Elon Musk and a Dutch court has sentenced the operators of the Coinvault ransomware. Also, crypto has been labeled as ‘junk’ by Mastercard CEO Ajay Banga, and Wirex has reported $2 million worth of […]

Indian Government-Appointed Commission Recognizes Crypto as Means of Payment July 27, 2018

Regulation The law commission established by the order of the Indian government has issued a report recognizing cryptocurrency as a means of payment. This is reportedly the first time that a body appointed by the government admitted cryptocurrencies have value and can be used in transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government-Appointed […]

Japanese Cryptocurrency Exchanges Plan Limits on Borrowed Margin Trading July 27, 2018

Japan’s primary self-regulatory body for cryptocurrency exchanges is finalizing a proposal to enforce a limit on the amount of funds investors can borrow for margin trading of cryptocurrencies. The Japan Virtual Currency Exchange Association (JVCEA) is proposing a 4-to-1 limit on margin trading wherein investors will only be allowed to borrow up to four times […]

FlipNpik Is the Gateway for a New Generation of Influencers July 27, 2018

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Although FlipNpik is currently undergoing an ICO, the app has already been successfully launched in a number of countries. You can now combine your love of photography with an […]

SECC: Blockchain Security Is in an Era of Vulnerability July 27, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Crypto Wallet to Replace Private Keys With Encrypted QR Codes July 27, 2018

Decentralized cryptocurrency wallet SafeWallet is launching a new QR code-based user identification system to replace mnemonic phrases and private keys, the firm announced Friday. The app, operated by China-based Cheetah Mobile, will use a two-tier security system to grant users access to their holdings, according to a press release. The first stage will have users scan […]

New Crypto Mining Malware Targeting Corporate Networks, Says Kaspersky July 27, 2018

Researchers at Kaspersky Lab have uncovered a new form of cryptojacking malware targeting corporations in multiple countries, the cybersecurity firm reported Thursday. PowerGhost, a form of fileless malware – which uses a system’s native processes to hijack a computer – has reportedly been spreading on corporate networks in India, Brazil, Colombia and Turkey. The software […]

HashFlare’s Exit and the Future of Cloud Mining July 27, 2018

The views expressed here are the author’s own and do not necessarily represent the views of Cloud mining — a service that enables individual users to lease hashing power from dedicated cryptocurrency mining operations — came forth as professionalization and cartelization of the mining business began to drive out smaller and insufficiently equipped players […]

Crypto Exchange Coincheck’s Owner Monex Reveals Plans to Open US Trading Platform July 27, 2018

Online broker Monex Group, which bought out hacked Japanese cryptocurrency exchange Coincheck this spring, plans to launch a U.S.-based trading platform, Cointelegraph Japan reported today, July 27. A summary of data from a financial briefing held Friday confirms plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsidiary of securities brokerage firm TradeStation, which Monex […]

Japanese Class Action Against Gambling Coin Claims $12m Damages July 27, 2018

News Withcoin, a virtual currency reportedly designed for casinos, and listed on the Hitbtc exchange around May, is accused of selling coins using a promotional video propagating alleged lies and misleading information. In April 2018, a video promoting Withcoin went viral on the internet, inviting investors to purchase in advance a coin that was going […]

$1 Billion Chinese Blockchain Fund Denies Report of Government Pull-Out July 27, 2018

A $1 billion Chinese blockchain fund launched in April has denied a report that local government will pull out its originally planned funding support following a recently leaked recording involving a former partner of the fund. A news report from China Business Journal on Thursday said the Hangzhou city government has required Xiong’An (or Grandshores) Blockchain […]

Binance Will Face Tough Competition in South Korea in New Market Expansion July 27, 2018

Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US. South Korea’s Unique Market Structure In South Korea, two major digital asset trading platforms have had dominance over the crypto exchange market for several years. UPbit, an exchange created and developed by […]

Indian State of Telangana to Sign MoUs With Blockchain Firms, Streamline Gov’t Services July 27, 2018

The Indian state of Telangana announced it will sign several memoranda of understanding (MoUs) with blockchain firms as to eventually implement the technology in state applications, local Indian news agency the Business Standard reports July 26. Telangana IT Secretary Jayesh Ranjan revealed that the state is planning to enter into MoUs with a number of […]

Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada July 27, 2018

Mining In recent mining news, AMD has reported declining sales of mining hardware during the second quarter of 2018, Hut 8 has claimed to now comprise the largest bitcoin mining company in Canada by operating power following the construction of its second facility, and Chinese authorities have shut down what they have described as “illegal” […]

Yes, Stablecoins Can Secure Official Audits from Major Firms July 27, 2018

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken’s TrueUSD is fiat-collateralized. Under this model, each token (in theory) should be backed 1:1 with a corresponding dollar in a related bank account. This model may not play out in practice as it does in […]

Mastercard CEO Calls Crypto “Junk” for Lack of Transparency and Stability July 27, 2018

The president and CEO of Mastercard has called cryptocurrencies “junk,” arguing that they don’t deserve to be considered as a medium of exchange. Ajay Banga was making his comments at the New India Lecture organized by the Indian Consulate in New York in partnership with the U.S.-India Strategic Partnership Forum (USISPF). His remarks come after the news […]

Pegasus Coin: Redefining the Horseracing Industry through Blockchain July 27, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Venezuela to Launch Petro-Pegged Fiat Currency Next Month July 27, 2018

Venezuela, a country battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to its oil-backed “petro” cryptocurrency next month, according to President Nicolas Maduro. Venezuela to Create Fiat Currency Pegged to Cryptocurrency That is Pegged to Oil As reported by local news outlet Telesur, Maduro said […]

BRICS Summit: Major Banks From Member States Sign MoU on DLT Research July 27, 2018

Five major banks from each BRICS member state signed a Memorandum of Understanding (MoU) on the development of distributed ledger technology (DLT), according to an official press release July 26. During the 10th International BRICS Summit in Johannesburg, banks from the emerging economies of Brazil, Russia, India, China and South Africa agreed to a joint […]

Crypto Markets Surpasses $300 Billion; Did ETF Cause Bitcoin to Rally? July 26, 2018

The valuation of the crypto market has surpassed the $300 billion mark, as bitcoin recovered to $8,200 and small cryptocurrencies experienced a spike in value over the past 48 hours. Slight Decline in Momentum On July 25, at its peak, the price of bitcoin achieved $8,500, as its volume skyrocketed from $3 billion to $6 […]

Mastercard CEO Calls Anonymous Cryptocurrencies 'Junk,’ Again July 26, 2018

Ajaypal Banga, the CEO of Mastercard, blasted cryptocurrencies during the “New India Lecture” at the Indian Consulate earlier this week, The Times of India reports Thursday, July 26. Banga described anonymous, non-state-issued cryptocurrencies as “junk,” because their prices can fluctuate “wildly” and thus they do not “deserve” to be considered a medium of exchange. Speaking […]

Swiss Crypto Mining Firm Faces Enforcement Action for Potentially Unauthorized ICO July 26, 2018

The Swiss Financial Market Supervisory Authority (FINMA) has launched enforcement proceedings against crypto mining firm Envion AG over its potentially unauthorized token sale, according to a FINMA press release today, July 26. Swiss-based Envion AG is an off-grid mining company that claims to use decentralized, clean energy to power its mobile mining units, and completed […]

Vaccine Blockchain Plan Prompts Enquiries Amid China Pharma Scandal July 26, 2018

On the back of China’s most recent pharmaceutical scandal, stock investors are buying into a public company’s claim to be developing a blockchain for tracking vaccines – but one watchdog isn’t happy about it. As reported by CoinDesk earlier this week, following a vaccine data scandal exposed last weekend, the Chinese crypto community weighed in […]