Category Archives: Cryptocurrency News

Former HSBC executive to lead Libra Association

The Libra Association has appointed HSBC Banking Group employee James Emmett as Managing Director of Libra Networks LLC. James Emmett spent about 25 years at HSBC International Bank, as did the new Libra Association CEO, Stuart Levey, who served as Chief Legal Officer at HSBC. Over the years at HSBC, Emmett has held several management positions. Levy stressed that thanks to a deep understanding of the field of finance and extensive experience in this industry,…

US authorities accused three Chinese citizens of running a global cryptojacking scheme

The US prosecutor’s office has accused three Chinese citizens of organizing a global hacker campaign to steal confidential data from more than 100 companies and install malware for mining. According to the May 2019 indictment released this week, Jiang Lizhi, Qian Chuan, and Fu Qiang have been active for many years, working for the Chinese cybersecurity firm Chengdu 404 Network. Technology Co. Three Chinese citizens are accused of money laundering, conspiracy and identity theft. They…

The draft law on the regulation of cryptoassets in the EU appeared on the Internet before the official publication

The draft law on the regulation of cryptocurrencies in the EU that has hit the Internet contains general rules for the release and circulation of cryptoassets. Legislators paid special attention to stablecoins. The Draft European Markets for Cryptoasset Act (MiCA) provides legal certainty in relation to cryptoassets – cryptocurrencies, stock tokens and stablecoins, on the same principles as the Markets in Financial Instruments Directive (MiFID) of the European Union – the legal framework for securities…

Chinese BSN platform adds support for Algorand, ShareRing and Solana

China National Platform Blockchain Service Network (BSN) has added support for Algorand, ShareRing and Solana blockchains. The BSN project is a blockchain-based universal “hub” for developers of decentralized applications, which is supported by the State Information Center of China. Yifan He, CEO of Red Date Technology, which helped build BSN, said the platform has moved into a second phase of open network integration. Previously, BSN added support for Ethereum, EOSIO, Tezos, Neo, Nervos and IrisNet…

Fisco accuses Binance of failing to prevent money laundering of stolen BTC

The company Fisco, which owns the Zaif exchange, which was hacked and stolen 6,000 BTC in 2018, sued the Binance cryptocurrency exchange for “complicity” in laundering some of the stolen bitcoins. Shortly after 6,000 BTC worth $ 60 million were stolen from the Zaif exchange at the time of the 2018 hack, hackers sent 1,451 BTC to one of Binance’s addresses, according to a complaint filed by Fisco in the Northern California District Court. After…

Indian startup EPNS created push notification protocol for dApps on Ethereum

An Indian startup has created a decentralized Ethereum Push Notification Service (EPNS) notification protocol that allows dApps to send pop-up notifications to users. EPNS founder Richa Joshi said the project team developed the protocol after discovering striking similarities between how applications worked in the early days of the Internet and how they work on Web 3.0. She explained that Gmail or Orkut didn’t send notifications at first. Users had to check every time if they…

FATF Formulated Signs of Suspicious Activity of Cryptocurrency Users

The FATF recommends that regulators and exchanges create profiles of cryptocurrency users to detect criminal activity. The Financial Action Task Force (FATF) said in its report on Monday that it has identified certain behaviors and characteristics of cryptocurrency users that may be considered suspicious. Such models can be applied by regulators when detecting illegal transactions. One of the main methods suggested in the report is to compare the user’s transaction activity with that in their…

US Prosecutor’s Office indicted the operator of the cryptocurrency pyramid Argyle Coin for $ 25 million

The head of the Argyle Coin cryptocurrency pyramid, which offered investments in diamonds, has been charged with fraud. The US Federal Attorney’s Office of South Florida accused Jose Angel Aman of electronic fraud while running a cryptocurrency scheme offering diamond investments. According to the investigation, from May 2014 to May 2019, Aman and his partners urged people in the United States and Canada to invest in contracts for the purchase of diamonds. They promised investors…

EU plans to tighten regulation of stablecoins

As the Executive Vice President of the European Commission Valdis Dombrovskis said, the European Union plans to issue stricter laws to regulate stable cryptocurrencies. On Friday, September 11, finance ministers from several countries, including Germany and France, called for tighter regulation of stablecoins in the region. Already on September 12, Valdis Dombrovskis issued a statement that officials are aware of the problem and are preparing a bill to regulate stable cryptocurrencies. He emphasized: “Some ministers…

The developer has discovered a vulnerability in the Ethereum 2.0 testnet

Jelurida co-founder Lior Yaffe claims to have discovered a potential vulnerability in the Ethereum 2.0 testnet – low staking participation could allow the whales to disable the network. Jelurida co-founder and lead developer of the Ardor and Nxt blockchains Lior Yaffe discovered a vulnerability in Ethereum 2.0. As a reminder, the blockchain is currently running on Medalla and other testnets to check for problems. Yaffe considered a situation where the level of participation in staking…