Kingdom Trust, a South Dakota-based custodian managing more than $13 billion assets, is closely eying the tokenization sector. Speaking to Cointelegraph, Kingdom Trust chief executive, Ryan Radloff, revealed that the firm wants to tokenize the more than 20,000 alternative, crypto, and legacy assets that it...
Month: May 2020
ZebPay Commissions Chainalysis for Crypto Compliance in India
Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India. The move comprises an expansion in the partnership between Chainalysis and ZebPay, with Chainalysis already providing its Know Your Transaction (KYT) services...
Indian Banks Still Cryptophobic Despite No Banking Prohibition
In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency traders. But some banks have been arbitrarily denying services to crypto...
$10,000 Bull Trap? Why Bitcoin Price Is Now Likely to Pull Back
Bitcoin (BTC) price was once again sideways last week with price action between bulls and bears proving to be equal. But scenarios look likely for Bitcoin as we approach the month of May comes to a close? Let’s take a look at what’s happening with...
Russian Police Arrest Former Post Office Branch Chief for Mining Crypto at Work
The Russian Police launched a criminal investigation against a former Russia’s regional post office chief, who managed to mine cryptocurrencies through the office’s network in a town of Mineralnye Vody located in the South of the country. According to a report published by a local...
Crypto and Fiat Currencies Are Worlds Apart, Here Are the Reasons Why
One of the core narratives of Bitcoin (BTC) since inception is the oft-stated goal of separating money and state. While this has certainly been a powerful creed in the currency’s early adoption by the crypto-anarchist and techno-libertarian communities, what does this actually mean? It’s quite...
Swiss Regulators Green Light Crypto Transactions for Local Bank
The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank. The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector....
Ransomware Attack Kidnaps Austrian City
Malware team, NetWalker, launched a ransomware attack against the Austrian village of Weiz. This attack affected the public service system and leaked some of the stolen data from building applications and inspections. According to the cybersecurity firm, Panda Security, hackers managed to penetrate the village’s...
It’s Tough Getting Approved in Gibraltar, Says Green-Lighted Crypto Derivatives Exchange
Receiving regulator approval to operate in Gibraltar is anything but easy, crypto derivatives exchange ZUBR told CoinDesk. ZUBR, which began trading in March, said Wednesday it had received in-principle approval from the Gibraltar Financial Services Commission (GFSC) as a Distributed Ledger Technology (DLT) provider. The...
Twetch Gets Suspended From Twitter in Wake of Trump ‘Fact-Check’ Storm – CoinDesk
Twetch positions itself as an alternative to the platform from which it was de-platformed, actively marketing itself against the San Francisco firm run by bitcoin enthusiast Jack Dorsey. Petty said the application maintains censorship resistance by archiving conversations on the BSV blockchain. In fact, Twetch...