Top Reuters Exec Greg Pinn Resigns to Take Up Blockchain Compliance Role
The head of Thomson Reuters’s World-Check, Greg Pinn, has resigned to join iComply, a company that focuses on blockchain compliance. Greg Pinn will lead product strategy at his new company. Greg Pinn was in charge of product development, strategy, and technology at World-Check from 2009. World-Check helps organizations keep up to date with complex and […]
Microsoft Acquires Coder Hangout GitHub for $7.5 Billion
There have long been rumors that Microsoft would acquire renowned software repository giant GitHub. Today, Microsoft confirmed the acquisition. As per the sources, Microsoft has acquired GitHub by issuing USD 7.5 billion in stock. The deal was announced and sealed sooner than most software developers and antagonists expected. This step by Microsoft may be described by […]
German Banks Can Offer ATMs Exchanging Bitcoin and Ether to Euro
The German Federal Financial Supervisory Authority (BaFin), has clarified that banks have the right to upgrade existing ATMs in the country to facilitate certain cryptocurrencies, according to Trustnodes. The German FCA has announced that the country’s banks can take up the new option, but as yet none have responded to the opportunity to allow customers […]
President of Uganda Embraces Blockchain Technology
The President of Uganda, Yoweria Kugata Museveni, made very positive statements regarding blockchain technology at the inaugural Africa Blockchain Conference held in Kampala, Uganda. The conference was organized by the Blockchain Association of Uganda and brought together industry leaders from over 20 countries. President Museveni said he welcomed and embraced blockchain technology, since it provides […]
Bitfinex DDoS Attack Shuts Out Users
The Bitfinex cryptocurrency exchange has been experiencing a Distributed Denial of Service (DDoS) attack since the morning of 5 June 2018, according to an announcement on its Twitter account. The attack started this morning during unplanned maintenance due to problems with its trading engine, and is causing extreme load and poor performance on its servers. […]
China’s Central Bank Develops Blockchain-Based Checks to Combat Fraud
The Digital Currency Research Lab headed by Di Gang at the People’s Bank of China, China’s central bank, has developed a system that issues digital checks using blockchain and smart contract technology. This follows a year-long effort that began in 2016 in order to combat check fraud in the Chinese market. The digital checks exist on […]
Another Russian Court Favors Crypto as Website Block Lifted
The St Petersburg City Court in Russia has lifted the block on crypto media website Bitcoininfo.ru, after the District Court shut down its site in July 2016, according to local news outlet TASS. In 2016, digital currencies hadn’t reached global acceptance, as governments viewed money laundering as a major barrier to any kind of more […]
IMF Exec: Crypto Could Weaken Central Bank Power over Monetary Policy
The deputy director of the International Monetary Fund’s (IMF) monetary and capital markets department, Dong He, has shared his views on how global adoption of cryptocurrency could change the financial world. One of the biggest takeaways from Dong He’s analysis is that he thinks cryptocurrency could deprive central banks of their ability to carry out […]
Forget Millennials, Tokyo Seniors’ Center Proves Age No Barrier to Bitcoin
A center is Japan has launched an intensive course for seniors and the middle-aged to assist them to learn and invest in cryptocurrencies, Bitcoin.com reports. The center based in Tokyo, according to local media, is “Japan’s first virtual currency investment course for seniors”, with some of its students in their 80s. In most countries around […]
Embarrassment for Australian Bank with $530M AML Fine After Positive Blockchain Spin
The Commonwealth Bank of Australia (CBA) is to pay settlements of USD 530 million for breaching anti-money laundering (AML) and counter-terrorism financing laws, writes the BBC. The Commonwealth Bank is one of Australia’s big four banks along with Australia and New Zealand Banking Group (ANZ), National Australia Bank and Westpac Banking Corp. The settlements are […]
