Cryptocurrency exchanges Poloniex and KuCoin have teamed up for joint research and large-scale development of the cryptocurrency industry amid increasing regulatory requirements. Exchanges will begin to conduct research and development collaborations related to cryptocurrency trading, liquidity provision, product iterations, and mining pools using Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus methods. According to the management of both sites, instead of competing, it is much more effective to combine efforts to strengthen their positions in the market

Cybersecurity firm Xage will develop a blockchain-based decentralized P2P protocol for protecting US Space Force (USSF) data. The Xage developers explained that the protocol will be created to protect the data of military and civilian objects, and step-by-step verification will be required to access the USSF system. The blockchain solution will be applied both at ground stations and in space. USSF, commercial operators and other parties involved will be able to report on the situation

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 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,

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