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

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

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

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

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

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

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

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

The launch of the Utility Settlement Coin (USC) project, supported by major commercial banks, has been postponed until 2021 pending regulatory approval. Last June Barclays, Banco Santander, Credit Suisse Group AG and ten other largest banks in the world announced a $ 63 million investment in the Utility Settlement Coin project. The USC project partners became the founding shareholders of a new commercialization firm called Fnality International. As previously reported, the USC platform aims to

Researchers from the University of South Australia have concluded that blockchain technology needs to be improved to improve user privacy. The research results, described in a blog post from the University of South Australia, show that the features that make the blockchain secure pose privacy concerns for users, especially in line with new European standards. The study was conducted by advanced technology researcher Dr. Kirsten Wahlstrom in collaboration with Dr. Anwaar Ulhaq and Professor Oliver