German Financial Watchdog (BaFin) Approves Fundament’s $280 Million Token Offering

Germany-based end-to-end security issuance solution for asset tokenization, Fundament Group has received approval from the country’s Financial Market Supervisory Authority (BaFin) to distribute real estate bond within the country. The regulatory approval reportedly will enable the startup company to issue a proposed €250 million ($280 million) bond, that will be backed by a portfolio of properties in…

Chinese Company The9 Said to Be First Foreign Telegram ICO Investor

According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states that The9 has invested in multiple blockchain-based companies as of 2018. According to a report by Russian business news agency RBC on…

Wasabi Wallet’s Implementation of Chaumian CoinJoin Deemed to Lack Privacy

Wasabi was first launched as “an open-source, non-custodial, privacy-focused,” Bitcoin wallet for desktop uses. It implements, a trustless method for combining Bitcoin payments from multiple spenders, typically referred to as coin shuffling – a service offered by CoinJoin. At the time of launch, the Samourai team behind Wasabi deemed this implementation as increasing one’s privacy as the number of participants…

Bitcoin is Laundered More Than Cash

According to the US Treasury Secretary, Bitcoin has more risk of being laundered than cash. Treasury Secretary Steven Mnuchin made this statement in a press briefing on July 18 where he said he will monitor Bitcoin closely. Mnuchin had criticism for Bitcoin, saying it is able to be used form money laundering along with other…

Mexican Crypto Exchange, Bitso Gets DLT Regulation by the Gibraltar Financial Services Commission

In an announcement made on Thursday, July 18, crypto exchange, Bitso revealed the news that it has obtained the license and recognition from the Gibraltar Financial Services Commission (GFSS) under the DLT (distributed ledger tech) framework. The latter is deemed a regulatory framework built for the purposes of consumer protection and safety. Moreover, the license is a milestone…

Prasos Secures Payment Institution License From Finnish Watchdog

Finland-based cryptocurrency firm Prasos has secured a payment institution license via the Finnish Financial Supervisory Authority (FFSA). The news comes by way of an official announcement via its crypto exchange website on July 12. According to the announcement, Prasos is now the third crypto firm in Europe to secure a payment institution license. According to its website, Prasos operates…

BitMEX Owner Awards $60K Grant to Bitcoin Developer Michael Ford

Bitcoin Core contributor Michael Ford, aka “fanquake,” has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX. In an official announcement published on July 12, BitMEX owner and operator HDR Global Trading revealed its decision to award Ford the grant, noting that he has just recently been made the latest official maintainer of…

Another Indian Crypto Exchange Shuts Down Operations

Founder of Indian cryptocurrency exchange Cryptokart Gaurang Poddar announced that his company is shutting down in a LinkedIn post published last week. In his post, Poddar described the shutdown of the exchange as “difficult, given the hard work we’ve put in” but concluded that overall the experience was positive and that he was proud of the platform…

FINRA’s Friendly Reminder Towards Firms to Keep Regulators Updated of Crypto Activities

Back in 2018, FINRA first revealed an initiative in which member firms had to notify of their current and planned activities involving crypto activities (i.e. cryptocurrencies and any other forms of digital assets). In particular, the former requested that said communication should be made as an ongoing effort. As for the notifying of activities, this supposedly falls under…

Ex-CEO of BTC-e Exchange’s Spin-Off WEX Is Arrested in Italy

Former CEO of now-defunct crypto exchange WEX, a spin-off of controversial BTC-e exchange, was arrested in Italy. No official statement to date Dmitri Vasilyev, who reopened BTC-e exchange as WEX.nz in September 2017, was detained by Italian prosecutors. While no official statement has been disclosed to date, BBC Russia reportedthe arrest on July 19. In the report, the…