Switzerland’s Financial Market Supervisory Authority (FINMA) announced that cryptocurrency startups can now apply for licenses to handle 100 million Swiss francs ($100 million). The companies can hold money in public deposits under new regulations published on Dec. 3. The move aims to promote technological innovation and allow cryptocurrency related companies to …
A cryptocurrency investment scam has resulted in a loss of $78,000 within 3 months. The authorities were able to trace this back to a series of fraudulent marketing campaigns. The scammers were able to convince victims into an investment with bogus articles based on famous Singaporean personalities in an attempt …
It’s been a bloodbath for cryptocurrencies, investors speculated that the crypto market would undergo a correction and the values of all cryptocurrencies would normalize. However, in the past month, things aren’t looking good as prices of the most popular currencies continue to fall. This drop in cryptocurrency prices has also …
There is an increased number of websites by crypto buffs and market observers that measure the digital financial system by market capitalization. A new website, however, has a different approach when it comes to gauging the cryptocurrency value. Coinmarketbook.cc calculates cryptocurrency’s buy support based on order books held on various …
The recent reports say that the Department of Financial Services of New York (NYDFS) announced that it has authorized a blockchain-based digital platform provided by NYC based Signature Bank. Maria T. Vullo, the Superintendent, NYDFS said that the department has authorized New-York based Signature Bank to provide digital payment platform …
As the world has been witnessing a tumult in the crypto market for almost a year now, blockchain technology, however, continues to attract capitalists and innovators from all around the globe. Blockchain Technology has become a topic of discussion that makes people’s head turn. In the event, “Decrypting Blockchain for …
Despite the downturn in the cryptocurrency market, hackers are always on the lookout for new ways to steal cryptocurrencies. One of the most popular ways to do this is by cryptojacking. In this type of attacks, a hacker will infect a user’s computer by running a malicious script and steals …
According to Nikkei Asian Review, Satang Group, a Thai-based crypto exchange has raised around $10 million through a security token offering. It’s surprising that an exchange has been able to raise such a significant amount given the extreme market volatility and turbulence. The raised funds will be utilized towards building …
Thailand’s Revenue Department has planned to use the blockchain technology for tracking value-added tax (VAT) payments in the country. According to the reports, the department wants to implement blockchain to prevent fraudulent VAT refund activities in the country. The VAT is a kind of consumption tax levied on goods and services. …
Cryptocurrency has been a subject of constant debate and speculation throughout 2018. It is quite apparent that this year has not been a pleasant one for the crypto market. The poor performance has caused a worry among investors about market recovery, while major players in the finance industry continue to …
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