Russian Ministry of Finance calls on crypto companies “not to launder money and not to deceive”

By | September 7, 2018

Russian Ministry of Finance calls on crypto companies “not to launder money and not to deceive” The main demand of the Russian financial authorities for cryptocurrency companies is compliance with money antilaundering rules and fundamental absence of fraud, said the deputy head of the Russian Ministry of Finance. The main goals of the cryptocurrency regulation are counteraction to… Read More »

Uncategorized

Malaysia’s Watchdog Orders Immediate Stop to Beauty Guru Lavidacoin Promotion

By | September 5, 2018

Malaysia’s Watchdog Orders Immediate Stop to Beauty Guru Lavidacoin Promotion The Securities Commission (SC) of Malaysia has ordered an immediate halt to all promotional activities for the recently-launched Lavidacoin (LVC) pending further review, according to a September 5 notice on the SC’s website. According to local news outlet The Star, Lavidacoin was created by Malaysian cosmetics mogul and… Read More »

Uncategorized

Greek Supreme Court Rules to Extradite Alleged BTC-e Owner Alexander Vinnik to Russia

By | September 4, 2018

Greek Supreme Court Rules to Extradite Alleged BTC-e Owner Alexander Vinnik to Russia The Supreme Civil and Criminal Court of Greece has ruled to extradite alleged BTC-e owner Alexander Vinnik to Russia to face several cyber fraud charges, Russian state news agency RIA Novosti reports Tuesday, September 4. The formal decision on extradition to Russia will be issued… Read More »

Uncategorized

Russian Agency to Track Crypto Wallets of Criminal Suspects

By | August 29, 2018

Russian Agency to Track Crypto Wallets of Criminal Suspects Rosfinmonitoring, the Russian government agency responsible for monitoring and preventing financial crimes in the country, is seeking to expand its internal systems to account for cryptocurrencies. The order, first reported earlier this week by the BBC, indicates that the agency wants to beef up its ability to monitor alternative types… Read More »

Uncategorized

Russian State Pension Fund to Use Blockchain for Employment Contracts

By | August 29, 2018

Russian State Pension Fund to Use Blockchain for Employment Contracts The Russian state pension fund (PFR), the country’s largest social service, has recently suggested implementing blockchain technology in labor relations, local news outlet Izvestiya reportsWednesday, August 29, citing the organization’s press center. The fund plans to introduce smart contracts to be used as employment contracts between employers and employees.… Read More »

Uncategorized

Gazprom and Russian Airline S7 Put Aircraft Fuelling on Blockchain in Domestic First

By | August 27, 2018

Gazprom and Russian Airline S7 Put Aircraft Fuelling on Blockchain in Domestic First Russian air carrier S7 Airlines has partnered with state-owned oil giant Gazprom Neft to use blockchain-based smart contracts for aircraft fuelling, a press release confirmed Friday, August 24. S7, which has developed several blockchain use cases in the past two years, will now use the technology to increase efficiency of fuel… Read More »

Uncategorized

MetLife Asia Affiliate Trials Blockchain Insurance Product

By | August 23, 2018

MetLife Asia Affiliate Trials Blockchain Insurance Product LumenLab, an affiliate to insurance giant MetLife’s Asia bureau, has successfully trialed a blockchain-powered insurance product to offer financial protection to pregnant women with a risk of gestational diabetes. According to a news release published Monday, the product, dubbed “Vitana,” will connect its customers’ electronic medical records to their mobile devices to issue… Read More »

Uncategorized

Russian Independent Electoral Watchdog to Pilot Blockchain for Voting System

By | August 17, 2018

Russian Independent Electoral Watchdog to Pilot Blockchain for Voting System A Russian independent electoral watchdog is trialing a blockchain-based electronic voting system, local news platform Tass reports August 17. The non-profit Association of Independent Public Observers, dubbed “National Public Monitoring” (NOM), announced the pilot at a press conference in Moscow on Friday. NOM federal coordinator Roman Kolomystev, told… Read More »

Uncategorized

LXDX Announces Investment from Dymon Asia Ventures to Expand its Platform for Cryptocurrency Exchanges

By | August 15, 2018

LXDX Announces Investment from Dymon Asia Ventures to Expand its Platform for Cryptocurrency Exchanges Singapore, August 2018 — LXDX announces backing by Dymon Asia Venture Capital Fund LP to make LXDX’s cryptocurrency trading platform more widely available. LXDX offers full-spectrum technology services for cryptocurrency exchanges, including software that powers both public retail exchanges and private exchanges for institutional block trading. Dymon… Read More »

Uncategorized

Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million

By | August 13, 2018

Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market capitalization lost around $300 million, down from… Read More »

Uncategorized