Dutch Bank ING Reportedly Working on Crypto Custody Tech
Netherlands-based banking multinational ING is developing technology for the custody of crypto assets, according to Reuters sources. Source
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Former Central Bank Exec to Reportedly Head New Tech Regulation Division
China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative.Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director at the China
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South African Central Bank to Reportedly Introduce New Crypto Regulations
The South African Reserve Bank (SARB) — the country’s central bank — is purportedly going to impose new regulations for the use of digital currencies in a bid to deter users from evading currency controls.As local business-focused publication Business Report reported on Dec. 2, SARB’s deputy governor, Kuben Naidoo,
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Russia Reportedly Considers Ban on Using Crypto as Means of Payment
Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services.A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial regulator and Ministry of Finance in support of a ban.Legal measures not
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Chainalysis Reportedly Cuts 39 Jobs Aiming to Boost Profit Margins
Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable.On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board to the tune of 39 employees laid off. According to Maddie Kennedy,
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Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients
Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange.In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported that it had taken action against the Einstein cryptocurrency exchange, which apparently owes more than $16 million to its customers,
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Hackers Take Over BitMEX Twitter, but Customer Funds Reportedly Safe
Hackers took over the Twitter account of cryptocurrency exchange BitMEX after the previously reported leak of customer email details on Nov. 1. The exchange claims that, although its Twitter account was hacked, all user funds are safe.“Hackers” tease individual IDs and take over BitMEX TwitterSince the update was published,
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Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment
China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year. China: Blockchain must be legitimateIn a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource
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Fraudulent TON Investment Ads Reportedly Circulating Facebook
Fraudulent advertisements have reportedly begun circulating Facebook offering to join the Telegram Open Network (TON) investment platform.As Russian news outlet Kommersant reported on Sept. 20, ads promoting the so called “Successful Investor” account appeared on Facebook. Once clicked, the ad leads to a website disguised as Russian economics and
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Chinese Police Reportedly Close Office of ICO Startup
The offices of Chinese initial coin offering (ICO) startup GXChain have reportedly been closed by the local police.On Sept. 11, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — tweeted a photo of an office taped closed (presumably by Chinese police) and announced that GXChain “got
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