Know Your Peer — The pros and cons of KYC

Bitfinex’s Bitcoin (BTC) holdings have decreased by 66,000 in the past four weeks.On March 17, the exchange held 200,140 Bitcoin. By April 13 this amount had dwindled by 33%, to just 134,091 Bitcoin. The massive decrease mirrors that experienced by BitMEX, which saw a 38% percent decline in its Bitcoin holdings after the mid-March “flash…

Raiffeisenbank, a Russian subsidiary of Austria’s Raiffeisen Bank International (RBI), has developed a corporate blockchain platform, the bank announced in a press release on May 31.Targeting holding firms, the new blockchain platform claims to automate settlements by corporate clients and enable a trusted network for sharing data between a group of companies, the press release…

China's e-commerce giant will reportedly help develop apps that support the forthcoming digital renminbi. 1804 Total views 15 Total shares The tech and payments-focused subsidiary of Chinese e-commerce company JD.com has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China.Local media reported on Sept. 21 that JD Digital…

The MariCoin project was among 10 projects chosen for the Algorand Foundation accelerator program in November 2021. 276 Total views 3 Total shares Spanish LGBT-related token MariCoin (MCOIN) has responded to the community following skepticism around the project’s concept and goals.Some had even criticized the project for its name, which played on a homophobic slur…

PEOPLE, the governance token of ConstitutionDAO, soared in value by near 200% in just 24 hours despite its trading volumes falling through the cliff in the same period, data on CoinMarketCap shows.The cost to purchase one PEOPLE token surged to $0.0321 compared to $0.0110 24 hours ago. In contrast, its trading volumes across the crypto…

The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network.

The disgraced crypto executive claimed that he merely acted on various lapses in the company's data retention policy. 205 Total views 2 Total shares Disgraced FTX founder Sam Bankman-Fried (SBF) tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial's jury on Oct. 26.When prompted as

American lawmakers and regulators continue to compete in their creative efforts to propose anything but comprehensive game rules for the crypto industry. Senators Edward Markey and Richard Blumenthal have penned a letter asking Meta CEO Mark Zuckerberg to deny young adults access to the firm’s metaverse platform. According to the two lawmakers, allowing teenagers between 13…

Bpifrance is planning to buy tokens to support local crypto and blockchain projects, including those involved in decentralized finance, staking, tokenization and AI. 381 Total views 1 Total shares France’s state-owned bank says it will spend 25 million euros ($27 million) buying cryptocurrencies that support local crypto and blockchain projects. Bpifrance said in a March