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Philippine SEC Warns of International Ponzi Offering 300% Daily Returns

The Philippines Securities and Exchange Commission (SEC) warned of a crypto Ponzi scheme targeting Filipino, Australian, and European investors on March 30.The scheme, Bitcoin Revolution, comprises a classic Ponzi in which investors are offered exorbitant compounding daily returns on deposited funds.Bitcoin Revolution claims to have software that produces trades

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Microasset – The International Blockchain Monetary Reserve Announces $3.48 M In Reserve Funding, New Listing on BiKi Exchange

Sharing is caring!The International Blockchain Monetary Reserve (IBMR) an economic development reserve and advisory company, say they have raised USD $3.48 M for their ARCC Currency Reserve, a basket of cryptocurrencies that include ALGO, BTC, and BNB. Funding is also available to the tune of USD $700,000 in seed investments

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Goodyear to Run Blockchain Pilot Supply Chain Programme with Science Applications International Corp

Sharing is caring!Science Applications International Corp (SAIC) is planning to run a collaborative blockchain-fueled pilot program with Goodyear Tire & Rubber Company to secure supply chain transactions. “I have no doubt this pilot will bolster the already outstanding work our customers enjoy through the Global Tires Program and further our supply

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Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator

Fidelity International, a spin-off from the U.S. financial services giant Fidelity Investments, has invested $14 million in the Hong Kong-based operator of crypto exchange OSL.According to public disclosures on Feb. 21, Fidelity International bought 17 million shares of OSL owner BC Group at a price of HK$6.50 (US$0.83) per share,

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New Leaders at Bank for International Settlements Fintech and DLT Research Centers

The Bank for International Settlements (BIS) has appointed heads at the BIS Innovation Hub’s centers in Singapore and Switzerland.In a Feb. 19 announcement, the BIS revealed that Andrew McCormack — who currently serves as chief information officer at payment clearing and settlement firm Payments Canada — will now be

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Coinbase Custody Goes International With New Entity in Ireland

Coinbase has launched Coinbase Custody International Inc., a European entity for handling cryptocurrency deposits.Based in Dublin, Ireland, Coinbase said in a blog post that client demand for institutional-grade custodial services drove the move. Separately, a spokesman for the exchange said Coinbase Custody now has $8 billion in assets under custody,

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International Monetary Fund Says the Philippines to Become Key Crypto Market

The crypto community wrapped up the year 2019 with a bit of good cryptocurrency news from the International Monetary Fund (IMF). As usual, the agency released its country report for the just concluded year, 2019, dubbed “Technical Assistance Report – Monetary and Financial Statistics Mission.” Only this time, the paper

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