UAE regulators to allow Dubai-licensed VASPs to service entire country

Cryptocurrency exchange HitBTC has denied allegations that it froze Brazillian investment startup Atlas Quantum’s funds, claiming the evidence is forged.Atlas Quantum claims the exchange froze $20.7MIn a Twitter argument which began on Oct. 2, the exchange said it had no record of blocking the accounts of Atlas Quantum. The latter had alleged in a video on…

Many altcoin bulls are holding longs in spite of yesterday’s sudden down-turn in the Bitcoin markets. However, altcoin shorts are quickly rising too. Despite yesterday’s 8% crash in the price of Bitcoin (BTC) driving many BTC bulls from the markets, altcoin longs have only seen slight declines, with Ether (ETH) longs defying the trend with…

European Union doubles down on commitment to investing in blockchain technology. 1615 Total views 12 Total shares The European Commission is inviting tenders for the European Union blockchain pre-commercial procurement, or PCP.In general, a PCP is a public sector purchase of research and development services to adapt new or emerging technology to its needs.This PCP…

Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years. 3.15 million bitcoins, 120 yearsAccording to data from monitoring resource Blockchain, Thursday saw Bitcoin miners extract the 17,850,000th unit as part of the transaction validation process. As a result, due to the…

Cybercriminals have continued to come up with new, innovative attack vectors that a lot of prominent crypto platforms are still falling prey to. For example, Johnny Lyu, the CEO of Singapore-based cryptocurrency exchange KuCoin, stated on Sept. 26 that the exchange had been on the receiving end of a major hack that resulted in the…

RegTech is the management of regulation, compliance, reporting and monitoring through technologies like big data, data mining, artificial intelligence and blockchain to provide robust, reliable and effective solutions. The technologies offer data on money laundering activities and help to reduce the risk of financial fraud. However, regtech is facing some challenges like operational barriers, lack…

January will mark 12 years since the Bitcoin genesis block. In that time, blockchain technology has made many significant strides forward. The launch of Ethereum in 2015 introduced smart contracts and token minting. Subsequent years saw developments in areas, such as transaction privacy with the launch of Zcash (ZEC), platforms such as EOS and Tezos…

In a bid to transform into a blockchain smart city, Seoul, South Korea is planning to launch its own digital currency by November 2019.To facilitate engagement in the city’s governanceAs Australian finance-focused media outlet Finder reported on Aug. 7, the South Korean capital is looking to release a native city-wide digital currency dubbed S-coin, the…