Blockchain 

Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that this is the first compliance alerts solution available for 15 crypto assets. Compliance risk mitigation The tool is meant to help cryptocurrency exchanges and other financial institutions mitigate their regulatory and reputational risks. Michael Breu,…

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Blockchain 

Adoption Shortcut or Blockchain Purists’ Nightmare?

The major digital asset services platform Coinbase has recently announced the long-anticipated completion of a deal that has been in progress since at least May: the acquisition of Xapo’s institutional business. The move projects Coinbase Custody to the status of the world’s largest institutional digital asset custodian, securing more than $7 billion on behalf of over 120 clients globally. According to some estimates, Coinbase could now be holding over 5% of all Bitcoin in circulation. Xapo, founded by early crypto evangelist Wences Casares and reported to be stashing cryptocurrency in secure vaults hidden…

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Blockchain 

Can Blockchain Become an Integral Part of Autonomous Vehicles?

A decade ago, the thought of self-driving cars was far from reality, but with 2020 looming large, massive strides have been made in the field of autonomous vehicles. Meanwhile, in the space of a decade, Bitcoin has thrust cryptocurrencies and blockchain technology into the mainstream consciousness. The latter has become a tool that is quickly being integrated into the world of finance, governance, logistics as well as the motor industry. Some of the world’s leading automobile companies have been exploring the applications of blockchain technology and how it can be…

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Blockchain 

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized. Significant digital currencies In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would eventually be digitized. He stated: “When we got started with Circle back in 2013, I think our belief has been that there will be significant non-sovereign digital currencies that grow in use and that will be attractive…

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Blockchain 

Cointelegraph Launches Korean HQ in Seoul, Expanding Presence in Asia

Cointelegraph is pleased to announce that we are continuing to increase our presence in Asia with the launch of Cointelegraph Korea. Today, Aug. 23, we celebrated the launch of a Korean-language version of Cointelegraph and the opening of our Korean headquarters in Seoul. To commemorate the move, Cointelegraph hosted an event in the city’s financial district, attended by over 150 guests from the finance and blockchain industries. Guests included representatives from banking giants Woori Financial Group and Shinhan Financial Group, as well as Busan-based securities operator Korea Exchange. The city…

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Blockchain 

Blockchain Wallet Adds Support for Crypto Payments Processor BitPay

Crypto wallet service Blockchain Wallet has integrated cryptocurrency payment processor BitPay. Payments conducted through Blockchain Wallet Blockchain announced the news on Aug. 23, stating that it now allows its users to copy or scan invoices, allowing them to make a Bitcoin (BTC) payment entirely through its wallet app.  The new functionality reportedly allows users to purchase products and services available via BitPay’s online network while retaining ownership of their private keys through Blockchain Wallet.  BitPay is one of the largest crypto payments processors and is offered in a multitude of…

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Blockchain 

House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. A priority for autumn 2019 Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to receive the testimony and opinions from governmental officials and regulators.  Specifically, Waters lists Treasury Secretary Mnuchin, Consumer Financial Protection Bureau Director Kraninger, Federal Housing Finance Agency Director Calabria and Federal Reserve Vice Chairman Quarles. Waters…

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Blockchain 

Bithumb Exchange to Launch Cryptocurrency Listing Committee

South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform. A monthly check by experts South Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings once a month, per the report.  The committee will reportedly take into consideration daily trading volume, change in base market capitalization and project support among other factors. Cryptocurrencies that fail to meet the…

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Blockchain 

Libra-Like Currency Could Replace US Dollar

Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. Delivering his speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney said that a Libra-like digital currency could replace the U.S. dollar as the world’s reserve currency, Bloomberg reported on Aug. 23. Carney said that replacing the dollar with a digital currency would be a better option than allowing its reserve status to be replaced…

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Blockchain 

Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

Standard Bank, Africa’s largest bank by total assets, has joined blockchain-based trade finance network, the Marco Polo Network. Standard Bank will now develop trade finance solutions alongside major global financial institutions such as French BNP Paribas and Dutch ING, according to a press release on Aug. 22. Backed by the world’s biggest bank, the Industrial and Commercial Bank of China, Standard Bank is the first African bank to join the network, the press release notes. To date, the Marco Polo Network includes over 20 global financial firms such as Commerzbank,…

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