Thailand’s SEC Issues Four Licenses to UpBit

Cryptocurrency NewsBy 14/08/2020

South Korean cryptocurrency exchange UpBit has received four licenses from the Thailand Securities and Exchange Commission (SEC) to operate in the country. Due to uncertainties over the regulation of the cryptocurrency industry in South Korea, Upbit was forced to ban foreign traders from trading in fiat currencies. This was one of the reasons why the management of UpBit opened a new division in Thailand, having received regulatory approval. Thailand’s SEC has granted UpBit four licenses,…

Apollo Fintech introduces NPP platform for settlements in government cryptocurrencies

Cryptocurrency NewsBy 14/08/2020

The developers of the Apollo Fintech startup have presented the National Payment Platform (NPP) platform based on the blockchain, which will allow settlements with state cryptocurrencies. The developers explained that NPP is a cashless settlement system that central banks can use after issuing their own stablecoins. Government agencies will have the opportunity to interact with commercial banks and other financial institutions to conduct settlements in stable cryptocurrencies issued by central banks. The platform will allow…

One-day: the DeFi YAM project that raised $ 76 million closed due to a bug

Cryptocurrency NewsBy 14/08/2020

The DeFi YAM project, which only the day before yesterday raised $ 76 million in the sale of tokens, today announced its closure due to a critical error in the code. YAM Finance has excellently illustrated the risks of the explosive growth of the decentralized finance industry. In the best traditions of the “instant” ICO of 2017, on Tuesday, in just an hour, the project raised more than $ 76 million, despite the developers’ warnings…

The Block: Ethereum Miners’ Revenues Hit Two-Year High

Cryptocurrency NewsBy 13/08/2020

The Block analyst Larry Cermak reports that Ethereum miners earned $ 143.8 million in July, the highest in 23 months. Interestingly, in recent months, the share of miners’ income not from block mining, but from transaction fees has been growing significantly. Of the total revenue of $ 143.8 million, transaction fee income was 23%, or about $ 33 million. By comparison, in May, commission income accounted for only 10% of total miners’ income. Bitcoin miners…

Coinbase will issue loans secured by bitcoins in the US

Cryptocurrency NewsBy 13/08/2020

Coinbase, a major American cryptocurrency exchange, is preparing to launch the Borrow loan service in the United States, within which customers will be able to receive loans in US dollars secured by bitcoins. The launch of Coinbase Borrow is scheduled for this fall, while initially only 17 US states will be able to use the service. However, in the future it is planned to expand the geography of the lending service. In addition, if at…

Ireland will tighten regulation of the cryptocurrency industry

Cryptocurrency NewsBy 13/08/2020

Ireland will introduce amendments to the legislation that will tighten the regulation of the cryptocurrency industry to combat money laundering and terrorist financing. Irish Justice Minister Helen McEntee announced that a bill will soon be presented to implement the EU’s Fifth Anti-Money Laundering Directive (5AMLD), which entered into force in January 2020. The Cabinet of Ministers supported the amendments to the current legislation. The updated money laundering law will contain provisions for all participants in…

A vulnerability was found in the Tor browser that allows to steal bitcoins

Cryptocurrency NewsBy 12/08/2020

A cybersecurity specialist working under the pseudonym nusenu discovered a vulnerability in the confidential Tor browser. Hackers can get a chance to steal bitcoins if they take control of the exit nodes. The Tor browser uses technology that increases the anonymity of users on the network by hiding their IP addresses. The data is encrypted using “onion routing” through multiple intermediate nodes. According to researcher nusenu, the main threat is the operators of the exit…

Coinbase Leaves Blockchain Association After Joining Binance.US

Cryptocurrency NewsBy 12/08/2020

Coinbase cryptocurrency exchange withdrew from the Blockchain Association advocacy group due to the fact that Binance.US joined it. Coinbase management believes that the decision to include Binance.US as a member of the Blockchain Association is contrary to the mission of this organization. Coinbase called such a step ill-considered, and it allegedly could cause “irreparable damage” to the credibility of the Association. At the same time, the exchange did not indicate what the damage could be…

NYDFS Unveils List of Allowed Crypto Assets for Storage and Listing on Exchanges

Cryptocurrency NewsBy 11/08/2020

The New York State Department of Financial Services (NYDFS) has approved eight cryptoassets for listing and trading on exchanges and ten for holding in licensed organizations. The regulator’s website presents two categories of assets: cryptocurrencies, which are allowed to be stored in licensed firms, and cryptoassets, available for trading on exchanges. The second category includes BTC, ETH, BCH, LTC, BUSD, GUSD, PAXG and PAX. In the first category, in addition to these cryptocurrencies, XRP and…

ICO Analytics: traffic of centralized cryptocurrency exchanges has increased significantly

Cryptocurrency NewsBy 11/08/2020

According to ICO Analytics, traffic from centralized cryptocurrency exchanges and decentralized finance (DeFi) services increased significantly in July 2020. Illia Kmez, Content Director of the ICO Analytics analytical service, said that the researchers analyzed the Internet traffic of about a hundred trading platforms operating both in one state and in several countries. Binance ranked first among the TOP 20 exchanges in terms of traffic volume in July. More than 24.9 million visits were recorded on…

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