Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9. The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we plan to bring this product [digitization of metal trading] to…
The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on July 10. Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously taken advantage of Regulation A+ funding, this…
The Police in China on July 12 announced that it has confiscated 4000 cryptocurrency mining units that were deployed at nine factories across the country, without proper documentation from relevant authorities, which later resulted in the arrest of more than 21 suspects that have a direct or indirect link with the illegal mining activities. Illegal Mining The…
Blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10. Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt.…
Iranian authorities are planning to authorize cryptocurrency mining, as the governor of the Central Bank of Iran (CBI) declared, international Iranian news agency PressTV reported on July 10. CBI governor Abdol Hemmati reportedly claimed that the Iranian government has approved some parts of an executive law that would authorize mining of cryptocurrencies such as Bitcoin (BTC) in Iran.…
Delaware-based blockchain organization Props PBC has released a token approved by the United States Securities and Exchange Commission under Regulation A+, according to a press release shared with Cointelegraph on June 11. According to the company, this is “the first consumer facing crypto token qualified by the SEC” via Reg A+. As previously reported, Reg A+ is an alternative…
Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11. Per the report, Spanish police uncovered a local gang that used Bitcoin ATMs to transfer more than 9 million euros ($10 million) for drug traffickers in Colombia and other countries. Bloomberg cites anonymous representatives…
Cadence, an American blockchain-based alternative investment provider, has launched an investment platform for debt, according to a press release shared with Cointelegraph on July 10. By launching its private credit investment platform, Cadence aims to bring more transparency and efficiency to the asset class in order to help companies grow their businesses. Cadence turns commercial debt into digital tokens that can be traded on its…
The second most populated city in South Korea, Busan, may launch a local cryptocurrency. This information comes from ETnews, a publication on Korean tech news. Busan city officials are working in conjunction with BNK Busan Bank, which is part of BNK Financial Group. The goal is to develop a digital currency which is blockchain based.…
Advanced Blockchain AG has been listed on the Xetra digital stock exchange in Germany, which is the first blockchain development company to be added. The exchange is operated by Deutsche Borse. Of the $165 billion total cash markets for Deutsche Borse, Xetra had around $149 billion in May of 2019. The average daily trading volume…
CEO of Circle, Jeremy Allaire discussed the current activity taking place within the crypto sphere, with news outlet, Bloomberg’s Joe Weisenthal and Romaine Bostick on Friday, July 5, 2019. Some of the topics that the discussion was founded on include Facebook’s endeavor, Libra, how Libra is one of two different types of stablecoins and how Facebook’s move could potentially lead…
Credits, the fast and super-scalable DApps-oriented Blockchain platform, and Chainlink are coming together to jointly develop the next revolutionary tech advancements for Blockchain. This latest development is coming at a time when Chainlink, a Blockchain-powered Oracle network provider for Smart Contracts, has been dominating the space. Credits Blockchain platform’s autonomous smart contracts and the credits solution has immensely…
A scammer has been sentenced to 86 months in prison for running a cryptocurrency-related scheme, the United States Department of Justice (DoJ) reports on July 1 In addition to the 86-month prison sentence, United States District Judge Sandra J. Feuerstein ordered 44-year old New Jersey resident Blake Kantor to pay a total restitution of $806,405 distributed to the victims who invested in…
Blockchain infrastructure firm Blockstream has launched a new tool that allows users to execute atomic swaps for all assets supported by the Liquid network, according to an announcement published on July 1. The Liquid Network is a federated sidechain on the bitcoin (BTC) blockchain that functions as a settlement and payments network for crypto exchanges, market makers, brokers, and other financial…
Tether, the controversial stable coin has somehow learned the art of survival, especially at times when most of the community is betting against it. The stable coin has been at the center of numerous controversies right from the time of its inception. First, it was the dubious claims over its US dollar reserves, then the…
