FATF to Enforce Time Restriction on Exchanges’ Customer Information
The Financial Action Task Force (FATF), who met last week for another round of talks to decide on new AML steps, is to bring in a time restriction for crypto exchanges on data sharing. The FATF has set a time limit of 12 months during which time exchanges must share user and sender information with […]
US FDA Calls for Blockchain to Authenticate Prescription Drugs
Blockchain busy American multinational retail corporation Walmart Inc has announced it wants to expand its new tech footprint by developing a proof-of-concept blockchain for identifying and tracking prescription drugs. Working with the US Food and Drug Administration (FDA) IBM, Merck and KPMG, the retailing giant is joining a pilot aimed at improving the tracking and […]
The Rise and Rise of Bitcoin ATMs Continues as Circle K Adds Another 20
Canadian-owned American multinational chain of convenience stores Circle K has added Bitcoin ATMs to 20 of its convenience stores in the US. The ATMs at the company’s Arizona and Nevada stores can buy up to a limit of USD 20K a day through DigitalMint’s new link up with the chain. DigitalMint claims to be the […]
Novogratz Galaxy to Launch Crypto Options Contracts Trading
Mike Novogratz’s Galaxy Digital is planning to launch crypto options contracts trading as it joins the current market trend of moving towards derivatives trading. With more institution investments interested in cryptocurrency, Galaxy Digital has said that it is responding to inquiries from both crypto and non-crypto firms in hedging against crypto assets volatility, often a […]
Kaspersky Report: 19% of Global Population Bought Crypto Pre-2019
The Kaspersky Cryptocurrency Report 2019 released this month claims that 19% of people globally have purchased cryptocurrency. The claim is based on a survey conducted in October and November last year in which the results from 13,434 respondents in 22 countries were analyzed. Although these results are no way a reflection of the global population, they […]
FATF Warns No Swiss Style Free Ride For Crypto Account Holders
U.S. Treasury Secretary Steve Mnuchin has compared the use of cryptocurrency to Swiss numbered bank accounts in a scathing attack on the industry. He was referring to the G7’s Financial Action Task Force (FATF) and its current second look at crypto in the face of the expectation that billions of people could hook up to […]
France Announces G7 Crypto Task Force
France’s central bank has announced plans to create a G7 task to specifically look into cryptocurrency regulations. Governor Francois Villeroy de Galhau has selected a European Central Bank board member to lead its investigative team, stamping its authority as the current President of the Group of Seven Nations (G7) The Group of Seven is a […]
Florida City Pays out Bitcoin Ransom to Hackers
In Florida, Riviera Beach’s city council has been forced to pay out a ransom of USD 600,000 in Bitcoin to hackers who targeted its computer systems. With email and 911 dispatches affected by the attack in May, River Beach City Council voted to pay off the hackers in order to protect their systems. Although Bitcoin […]
Munich Researchers Call for Higher Renewables Impact on Bitcoin Mining
The crypto mining ecological debate is never too far from the news, and a German think tank at the Technical University of Munich (TUM) has just added its own slant to the argument suggesting that renewables are the recommended way of lowering the Bitcoin footprint. This in itself is not news as it has now […]
Tyler Winklevoss Talks Up Bitcoin but Could Libra and Gemini Make a Match?
Gemini big gun Tyler Winklevoss claims that Bitcoin is fast en route to its next level of USD 15,000 after it hits USD 10,000. With Bitcoin currently valued at USD 9,713 at time of writing, it looks like the first of these major levels is fast approaching. The other half of the Winklevoss entrepreneurial duo […]
