Concerns are growing surrounding Iran’s use of cryptocurrencies like Bitcoin and Monero – and soon, their own native cryptocurrency – to evade economic sanctions put in place by the U.S., prompting FinCEN to issue an advisory on the topic. FinCEN on Iran’s Exploitation of Financial Markets The Financial Crimes Enforcement Network (FinCEN) has issued an…
Vitalik Buterin, the co-founder of Ethereum (ETH), was accused of leading a scam involving Ethereum. The scam supposedly involved pre-mining that allowed him and Joe Lubin to steal 75% of ETH supply and turn them into billionaires. These accusations came from a New York University professor Nouriel Roubini. @VitalikButerin was the ring-leader – together with…
Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van…
Chainstack, a Singapore-based multi-cloud and multi-protocol Platform as a Service using decentralized networks, has joined the Blockchain in Transport Alliance (BiTA). BiTA is involved in determining best practices in the transportation, logistics, and supply chain marketplace using blockchain. Supply Chain Platform Chainstack Joins World’s Largest Commercial Blockchain Alliance The world has spent the last few years…
During a U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing earlier today, senators and crypto industry experts commented on the industry at large. As you might expect from a hearing on such potentially disruptive technologies, a variety of different views were expressed, both positive and negative. Senate Banking Committee Hears of Innovative Potential,…
American economist and chairman of economic consultancy firm Roubini Macro Associates LLC, Nouriel Roubini, is keeping his earned nickname of “Dr. Doom” intact, providing an incredibly bearish report on cryptocurrencies and Bitcoin in front of the U.S. Senate today. Cryptocurrency is the “Mother of All Scams and Bubbles” Dr. Nouriel Roubini, who has earned the…
Some of the largest startups in South Korea with over 10 million users are turning to the blockchain. “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. Baedal Minjik, for instance,…
In an effort to bring their members up to speed about the goings on in the financial world, the AARP has published a list of Wall Street definitions. Amongst the different terms defined by the U.S.-based interest group are “Bitcoin” and “blockchain.” Is the AARP Glossary Meant to Educate or Entertain Readers? The group formerly…
Switzerland has yet again proved its strong support for crypto. The country’s financial regulator FINMA has granted the same license as professional fund managers to a Zug-based startup, Crypto Finance AG. Crypto Finance Can Now Manage and Distribute Foreign and Domestic Funds With the license, Crypto Finance AG gets the status of an asset manager…
South Korea is leading an example of being the world’s most hospitable regions for crypto and blockchain entrepreneurs. The world’s eleventh-largest economy has committed a $100 million fund to develop its capital Seoul as a center of blockchain innovation. Park Won-soon, the third-time governor of Seoul, during his visit to Switzerland’s Zug last week, revealed that…