SBI Holdings’ Crypto Exchange Adopts New Tech to Help Meet FATF Standards

VC Trade, the Japan-based crypto exchange launched by SBI Holdings last year, is integrating new technology to help it comply with international customer verification standards issued by the Financial Action Task Force (FATF) in June. The solution is provided by blockchain security company CoolBitX, which has developed a wallet product based on its know-your-customer (KYC) and […]

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Walmart Wants to Patent a Stablecoin That Looks a Lot Like Facebook Libra

Retail giant Walmart has applied for a cryptocurrency patent that bears some similarities to the Libra token proposed by Facebook in mid-June. In its application with the U.S. Patent and Trademark Office, Walmart touts the concept of a digital currency “tied to a regular currency” – that is, what’s commonly known as a stablecoin. Libra […]

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Tech Firm Seagate Pilots Anti-Fraud Blockchain Tracking With IBM

Data storage giant Seagate has extended its blockchain work intended to gauge the fraud-fighting potential of the tech. According to a piece from Forbes, following on from a proof-of-concept that kicked off in 2018 in partnership with IBM, Seagate is moving a blockchain-based product tracking trial to the pilot stage to asses how scalable a possible […]

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UK Financial Watchdog Issues Full Guidance on Crypto Assets

The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction. Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead specifying […]

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Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain

Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network. Announced on Sunday and reported by CoinDesk Korea, the other founding firms include mobile carriers SK Telecom, LG Yuplus and KT, two banks – KEB Han and Wooriand – and government-founded securities infrastructure provider […]

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Facebook’s Libra Lacks Foundational Components for Crypto Key Security

Steven Sprague is one of the principal industry evangelists for the application of trusted computing technology. Steven served as president and CEO of Wave Systems Corp. for 14 years before transitioning to the board of directors. Recently, Facebook launched Libra with the stated goal of “transforming the global economy.” It’s a lofty aim. However, after […]

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It’s Now Harder to Mine Bitcoin Than Ever Before

Bitcoin mining has become competitive than ever. Bitcoin mining difficulty – the measure of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap – has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment […]

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Ex-R3 Director Tim Swanson Joins Blockchain Builder Clearmatics

Outspoken blockchain analyst Tim Swanson is joining U.K.-based Clearmatics, one of the top rivals to his former employer R3. Swanson, the founder and director of research at Post Oak Labs, has been on Clearmatics’ advisory board since 2015. He will come on board full-time next week as head of market intelligence, he told CoinDesk. “It […]

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Switzerland’s SIX Stock Exchange Is Working on a Swiss Franc Stablecoin

SIX, the Swiss national stock exchange group, is working on creating its own “stablecoin” – a cryptocurrency pegged to the Swiss franc – to facilitate transactions on the SIX Digital Exchange (SDX), CoinDesk has learned. A spokesman for SIX confirmed the move in an email, telling CoinDesk: “Yes, we are currently working on a CHF […]

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SEC Negotiations Have Cost Kik $5 Million, Says CEO

Kik’s CEO says the company has spent $5 million engaging with the U.S. Securities and Exchange Commission (SEC) over what the regulator claims was an unregistered securities sale. Kik, a messaging platform founded by Canadian entrepreneur Ted Livingston in 2010, raised $98 million in an initial coin offering (ICO) at the end of 2017 to […]

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