Global Fan Token Providers Chiliz and Socios Launched Visa Debit Card

Blockchain tech Chiliz.net and Socios.com now powers global fans to “be more than a fan”, specializing in blockchain-based fan tokens are rolling out their Visa debit card. On Aug. 14, as officially announced, the Socios.com Visa debit card enables global fans to “be more than a fan” receive fan tokens, powered …

Global P2P BTC Trading Volume Stood at Highest Level

Since January 2018, Combined global peer-to-peer (P2P) markets are pumping, with numerous African and Latin American markets and Bitcoin trading volumes have climbed to their highest levels by nearly $95 million worth of Bitcoin (BTC) changing hands-on Localbitcoins and Paxful in the first week of August. Over recent weeks, the …

U.S. Department of Agriculture Proposed DLT for Organic Product Supply Chain

The United States Department of Agriculture (USDA) Marketing Service has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain. On August 5, per a report from the USDA Agricultural Marketing Service (AMS), the agency stated it demands electronic tracking systems, including digital ledger technology …

Bitcoin Price Abruptly Fell by $500 In Seconds

On August 10, Bitcoin (BTC) fell several hundred dollars in seconds as $12,000 once more proved too hot to handle. Bitcoin Price Gains New Focus at $11,700 During Monday trading, data from Coin360 confirmed BTC/USD nosedive 4%, jumping off $11,500 and since returning to $11,700. In doing so, BTC easily filled the …

The Largest South Korea’s KB Kookmin Bank Joins the Crypto Custody of Digital Assets

We’re abruptly witnessing banks lining up to support crypto custody. In South Korea, one of the largest banks, KB Kookmin Bank, has partnered with blockchain venture fund, Hashed, and crypto trading platform, Cumberland Korea, to build “strategic technology cooperation” on the custody of digital assets. The businesses on the partnership …

Indian Government Actively Working On a New Law Banning Cryptocurrencies

Only after five months, the Indian courts lifted the blanket ban on crypto, an Indian government official announced that two ministries and the Reserve Bank of India are actively working on a legal framework considering a new law banning cryptocurrencies. On August 4, per the report, from Indian news website Moneycontrol, …

In Mid-COVID, Active Crypto Exchanges in Japan is Decreased

A report updated by Japan’s self-regulatory body JVCEA proves that the number of active crypto traders in the country decreased in March. According to data published in March 2020 by the Japan Virtual and Crypto assets Exchange Association (JVCEA), in March, due to the rise in fiat deposits, overall activity on crypto …

MEW Founder Thinks “The Full Reality of ETH 2.0 Is At Least a Couple of Years Away.”

Kosala Hemachandra, the founder of MyEtherWallet (MEW), believes that this year ETH 2.0’s beacon chain will launch though he says the fully-fledged version of ETH 2.0 is still years away. The first upgrade of the Ethereum 2.0 was originally set for Jan 2020 but then delayed to this week with …

To Track Tax Obligations, Three Australian Crypto Exchanges Partnered with Crypto Tax Firm

On July 29, Koinly, a Crypto taxation software provider has announced a partnership with three Australian digital asset exchanges Coinjar, Cointree and Swyftx to simplify their clients’ tax reporting. Coinjar, Cointree and Swyftx proclaimed support for Koinly allowing the exchanges’ customers to automatically feed trading data to Koinly via CSV …

At the FBME Bank in Cyprus, Mastercard Executive Accused of Criminal Activities Cover-Up

In a new report, Mastercard executive operating at the troubled FBME bank in Cyprus has been accused of Money laundering cover-up at the bank, linked with the Controversial German payments processor and the issuer of several crypto debit cards, Wirecard. The United States’ Financial Crime Enforcement Network had banned U.S. …

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