Big Brother is watching you, but his eyes are really on your wallet. The UK’s chief financial watchdog could require crypto developers to keep track of their software’s users, in order to meet new anti-money laundering requirements that are expected to come into force next year.
The Financial Conduct Authority (FCA) has proposed extending AML / CTF (anti-money laundering and counter-terrorism financing) regulations to entities that deal in digital assets. That would require exchanges and token issuers to collect data on their users and hand it over to the authorities.
Aventus has announced the release of Aventus Classic, a decentralized open-source protocol for the ticketing industry. With a transaction speed of 100 tickets per second on a public blockchain, the project seeks to establish a new standard for the exchange of tickets without relying on layer-2 solutions.
The project uses the Ethereum blockchain allowing it to maintain the trust, finality and decentralization that some other scaling solutions may lack.
In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.
In Part Three of the series we examine the forces that shape current monetary policy.
The full nine-part series will be available here.
Venture capital is one of the drivers of the blockchain world, providing the money to turn ideas into products. But ecosystem project Decred (DCR) is fighting against this financial regime, saying that venture capital does not have a place in cryptocurrency.
Decred is a self-ruling cryptocurrency project, established in 2014, that relies on collaborative open-source technology and decentralized governance.
The end of the week brings the market back to a familiar situation. Bitcoin remains largely uneventful, gaining only $100 on yesterday’s price. Top altcoins appear to be on the same boat with the exception of ATOM and DASH, which gained 23.67% and 10.67% respectively.
Binance Coin has recovered from yesterday’s hiccup, while MaidSafeCoin has now posted a new ATH since July.
BlockFi, a New York-based project offering wealth management services to crypto investors, has removed a major barrier to entry for its BlockFi Interest Account. Starting today, BIA clients will not be required to meet a minimum deposit requirement to earn interest on their Bitcoin, Ethereum or GUSD balances.
Litecoin is still trapped within an incredibly narrow trading range, after a bullish rally failed to materialize. In fact, the cryptocurrency is trading in its tightest three-week trading band since March this year.
KyberSwap is launching a new fiat gateway in order to attract new users. According to the team, the gateway will give the decentralized exchange a significant advantage over competing platforms, such as IDEX.
The new onramp, launched in partnership with payments solution Coindirect, is expected to provide an easier experience for new traders, according to the exchange’s Head of Product, Sunny Jain. It will even appeal to traders who have never traded cryptocurrencies.
Auditing powerhouse PwC recently released a report on the 2018 performance of crypto hedge funds. Given the prolonged bear market that characterized the calendar year, it’s no surprise that many funds struggled. But the report did point to an unexpected conclusion: investor appetite for cryptocurrencies seems to be increasing, especially in the United States.
In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.
In Part Two of the series we examine the classic comparison between Bitcoin and gold.
The full nine-part series will be available here.
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