Category Archives: Cryptocurrency News

Mastercard is exploring the implementation of smart contracts in digital currencies of the Central Bank

Payment company Mastercard is exploring smart contracts and other tools that can be used to empower central bank digital currencies. Today, the topic of state digital currencies is widely discussed at the international level. Central banks are at various stages of research and development of their own digital currencies: some have just begun to develop a concept, others have moved on to testing, and some have already launched such assets. Central banks believe their stablecoins…

Turkish government will create a central custodian for cryptocurrency transactions

The Turkish government plans to establish a central depository bank to eliminate counterparty risk in transactions with cryptoassets, as well as introduce capital requirements for cryptocurrency exchanges. According to Bloomberg, citing a senior official familiar with the plans of the Turkish government, lawmakers plan to introduce new rules for participants in the cryptocurrency industry. The source announced the government’s plans to create a central custodian bank to eliminate counterparty risk following the collapse of two…

JPMorgan and DBS will launch an international payment system on the blockchain

American investment bank JPMorgan, Singapore bank DBS and investment firm Temasek are preparing a blockchain platform for international payments and interbank transactions. The new company Partior will operate the platform. The blockchain will be used to digitize currencies and cross-border transfers. This will help make international payments almost instant and noticeably cheaper, as well as simplify currency exchange. It is planned to use the results of the previous joint work of JPMorgan and Temasek in…

Regulator of Indonesia proposed to tax all transactions with cryptocurrencies

The Indonesian Futures Market Supervisory Board (Bappebti) has proposed a tax on all cryptocurrency transactions on regulated exchanges domestically. The proposal is pending, as the tax rate has not yet been determined. However, later Bappebti intends to discuss this initiative with the tax authorities of Indonesia. The chairman of the Indonesian Association of Cryptocurrency Traders, Teguh Kurniawan, has already reacted to this information by recommending a rate of 0.05%. In his opinion, high taxes can…

ShapeShift: “Decentralized Insurance Will Reduce DeFi Risks”

Researchers at the ShapeShift cryptocurrency exchange believe that decentralized insurance protocols can eliminate the risks that DeFi projects face. While the DeFi industry is characterized by high volatility and the potential for large profits, DeFi carries with it certain threats. ShapeShift researchers have identified four risk factors that DeFi projects often face: storage risk, smart contract security risk, and protocol and oracle risks. Speaking about vulnerabilities in smart contracts, analysts cited as an example an…

Bender Labs Developers Launch A Bridge Between Ethereum And Tezos

Bender Labs has introduced the Wrap protocol, a decentralized bridge for transferring ERC-20 and ERC-721 tokens between Ethereum and Tezos blockchains. The protocol allows users to “convert” ERC-20 and ERC-721 tokens and move them outside the blockchain on which they operate. In other words, using Wrap, you can transform the tokens of these standards into the FA2 standard of the Tezos blockchain. Tokens are locked on their own blockchain, and a corresponding number of wrapped…

Microsoft Deploys Intel Anti-Cryptojacking Technology

Microsoft Defender for Endpoint integrates Intel threat detection technology to improve the responsiveness to hidden mining malware on workstations. According to Intel, together with Microsoft, the company will fight against cryptojacking attacks by improving the speed and efficiency of malware detection for hidden cryptocurrency mining on users’ devices. Microsoft Defender for Endpoint extends Intel Threat Detection Technology (TDT) beyond accelerated memory scans to enable central processing unit (CPU) -based machine learning detection. This will speed…

Paxos received a conditional federal banking license from OCC

Cryptocurrency firm Paxos has received a conditional license from the Office of the Comptroller of the United States of America (OCC) to create a separate, federally regulated trust. Paxos chief attorney Daniel Burstein said the approval of the OSS will allow Paxos to create a new trust company that will be controlled at the federal level. It will operate separately from the current Paxos Trust, operating in New York under the BitLicense previously issued by…

SEC failed to obtain data on financial transactions of Ripple

The US Securities and Exchange Commission (SEC) has demanded assistance from cryptocurrency exchanges and international regulators in disclosing data on Ripple’s external transactions. The SEC’s efforts have been in vain. SEC attorney Jorge Tenreir has filed a complaint with a New York court that Ripple has not yet disclosed its financial information. Tenreir said the SEC has already analyzed cryptocurrency addresses associated with Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen. The regulator found…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…