Number of Smart Contracts on TRON DApp Shoots up by 1098%

In a recent Medium report, the team at TRON shared their weekly report regarding the TRON DApp (decentralized app) performance. Some of the numbers that have been elaborated upon include the number of DApps, smart contracts, DApp DAUs, the 24-hour trading volume and number of transactions. As per the claims made, the highlight of progress is the…

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US Senate Banking Committee Presses Facebook for Info on Crypto Project

The Committee on Banking, Housing, and Urban Affairs of the United States Senate is seeking information on Facebook’s reported cryptocurrency project. The committee addressed its concerns to Facebook founder and CEO Mark Zuckerberg in a letter on May 9. In a series of questions, the Senate highlights certain aspects of consumer protection, asking Zuckerberg how the company plans to protect consumer financial information.…

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Germany Plans Major Digital Token Regulation Effort in 2019

Germany plans to introduce draft regulations allowing blockchain bonds as soon as this summer, local daily business news outlet Handelsblatt reported May 9. Citing Thomas Heilmann, the ruling coalition government’s dedicated blockchain correspondent, the publication revealed the new legislation has already gained mainstream momentum, with a summary paper already in existence. According to Heilmann, it is both necessary and advantageous for…

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Indian Crypto Exchange Coinome Halts Services Citing Regulatory Pressure

Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties. The development was announced in an official tweet from the exchange on May 9. As Cointelegraph has reported, exchanges in the country have faced a moratorium on banking services since the central bank, the Reserve Bank of India (RBI), implemented a ban…

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Binance CEO Publishes Security Incident Update, Apologizes for Blockchain Re-Org Comment

Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has updated reporters on the exchange’s security revamp and investigation into this week’s $40 million hack in a security incident update shared with Cointelegraph on May 10. The CEO also apologized for having fuelled community concerns by openly discussing the possibility of incentivizing a blockchain re-organization — or transaction…

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Blockchain Entrepreneur, Ontario Regulators Seek Settlement in Namedrop Scandal

The Ontario Securities Commission (OSC) along with blockchain corporation NextBlock Global Limited and its CEO Alex Tapscott, have filed for a public settlement hearing on May 9. Tapscott and NextBlock were previously accused by the OSC Staff of the Commission of misleading prospective investors during a funding round that reportedly “raised approximately $20 million from 113 accredited investors.” Investors were allegedly…

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FinCEN Clarifies Money Transmission Regulations Pertaining to DApps

The United States Financial Crimes Enforcement Network (FinCEN) has issued new guidance that contains its financial regulation policies concerning Decentralized Applications (DApps) on May 9. In the introduction to the guide, FinCEN notes the guide serves to clarify and provide examples to make compliance easier for entities whose activities fall under the purview of the Bank Secrecy Act (BSA).…

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Malta Makes Landmark Announcement to Become Blockchain Island

Malta has realized the dream of becoming Blockchain Island with a major announcement by the Malta Financial Services Authority (MFSA) along with the Malta Digital Innovation Authority (MDIA). This announcement brings the island to the forefront of blockchain technology and leads the way for acceptance of the digital currency. The first Virtual Financial Assets (VFA)…

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Swiss Post Partners With Blockchain Startup on Temperature Monitoring Shipments Solution

Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. The news was reported by Swiss logistics news site Die Post on May 7. Die Post reports that Swiss Post has cooperated with Modum, a blockchain and Internet of Things (IoT) technology firm, as a technology partner to launch…

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