ING Bank Tests Crypto Assets Storage Solution

Cryptocurrency NewsBy 10/12/2020

For the first time, the Dutch bank ING disclosed information about preliminary testing of a digital asset storage solution that was developed as part of the Pyctor project. At the Singapore Fintech Festival, ING Blockchain Leader Herve Francois spoke about the work done under the Pyctor project. The project develops infrastructure for storage and post-trading of cryptoassets, and this year was included in the regulatory sandbox of the UK Financial Conduct Authority (FCA). Pyctor is…

Head of the Human Rights Foundation: “Bitcoin is a tool of humanitarian protection”

Cryptocurrency NewsBy 09/12/2020

Alex Gladstein, Strategy Director of the Foundation for Human Rights, called bitcoin a “humanitarian remedy” against the sale of personal data and government control over the population. This was announced by Alex Gladstein at a conference on the development of bitcoin and blockchain, during which the topics of social loans in China and hyperinflation in Venezuela were discussed. Gladstein paid special attention to digital privacy, or rather, its absence. We are talking about the sale…

Desigual will use blockchain to track apparel supply chains

Cryptocurrency NewsBy 09/12/2020

International fashion brand Desigual has announced that it will track shipments of goods on Finboot’s Marco platform to make supply chains more transparent and reliable. As part of this initiative, Desigual will use Finboot’s Marco blockchain platform to track the supply chain of products from initial order to arrival at distribution centers. According to the company, there are a number of logistical milestones that need to be overcome before the goods hit Desigual stores. These…

CEO Global has suspended deposit and withdrawal of funds due to the arrest of the founder of the exchange

Cryptocurrency NewsBy 08/12/2020

The Chinese cryptocurrency exchange CEO Global has suspended the input and output of cryptoassets for an indefinite period due to the arrest of the founder of the trading platform. The journalist Colin Wu reported on Twitter that the bank card of the founder of the exchange has repeatedly received “underground” funds that are hidden from taxation. Upon learning of this, local authorities detained the head of CEO Global for 15 days to conduct an investigation.…

Citigroup CEO: “Digital currency creation by banks is inevitable”

Cryptocurrency NewsBy 08/12/2020

The CEO of the international financial conglomerate Citigroup, Michael Corbat, reported on engaging with several governments to develop digital currencies. Corbat believes that in the near future there will be “inevitable” independent digital currencies created with the participation of banks, so such assets will hardly be called “cryptocurrencies.” Citigroup began to study issues related to the development of digital currency and its introduction into circulation. However, Korbat did not disclose with which states the bank…

US Financial Stability Board Calls for Tighter Regulation of Cryptocurrencies

Cryptocurrency NewsBy 07/12/2020

The US Financial Stability Board has called on regulators and federal authorities to tighten controls over firms and payment systems that handle cryptocurrencies. The department is engaged in identifying the risks and threats that the US financial system may face. According to the Financial Stability Board’s report, digital assets have both benefits and many potential risks. The authors of the report touched upon the topic of digital currencies from central banks. Most banks are interested…

UN and LTO Network has presented a blockchain platform for registering land rights

Cryptocurrency NewsBy 07/12/2020

The United Nations (UN) has partnered with startup LTO Network to unveil a blockchain-based “goLandRegistry” solution to help the Afghan government solve real estate problems. The solution will be shown to the Afghan Ministry of Urban Development this month. The project was developed within the framework of the UN-Habitat program aimed at sustainable urban development in Afghanistan. The developers said that the blockchain-based platform will help solve problems that usually arise in slums or temporary…

CipherTrace Warns of Rise in MetaMask Wallet Fraud

Cryptocurrency NewsBy 04/12/2020

CipherTrace has issued a fraud alert with extensions to the Google Chrome browser masquerading as the MetaMask cryptocurrency wallet. In its warning, CipherTrace writes that over the past 24 hours, there has been a “significant increase in complaints and comments about the loss of digital assets” following the installation of the fraudulent wallet. The cryptocurrency community has criticized MetaMask, saying the company is not making enough efforts to combat counterfeit wallets. To which MetaMask Product…

S&P Dow Jones Indices will launch cryptocurrency indices in 2021

Cryptocurrency NewsBy 04/12/2020

The management of S&P Dow Jones Indices (S&P DJI), a division of the US market index provider S&P Global, announced that it will launch 550 cryptocurrency indices in 2021. The data provider will be Lukka, a New York-based digital currency company. S&P DJI’s director of strategic development and innovation, Peter Roffman, said the initiative would make it easier for investors to access cryptocurrencies as an asset class. This can partially reduce the volatility of the…

NYDIG Has Raised $150 Million To Launch Two Cryptocurrency Investment Funds

Cryptocurrency NewsBy 03/12/2020

New York Digital Investments Group (NYDIG) raised $ 150 million to launch two new cryptocurrency funds. The money was received from three institutional investors. NYDIG Digital Assets Fund I raised $ 50 million from institutional investors and NYDIG Digital Assets Fund II raised $ 100 million in two filings with the US Securities and Exchange Commission (SEC). A source familiar with the situation confirmed that Fund I invests exclusively in bitcoin. This is NYDIG’s latest…

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