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The US Federal Reserve announced the study of the possibility of issuing a digital dollar.πŸ’»πŸ’‘According to Lael Brainard, ...
02/06/2020

The US Federal Reserve announced the study of the possibility of issuing a digital dollar.πŸ’»πŸ’‘
According to Lael Brainard, the Fed "conducts research and experiments related to distributed ledger technologies and their potential use for , including the potential of state cryptocurrency."πŸ₯
The global value of the US dollar implies that the US Federal Reserve should β€œremain at the forefront of and regulatory development” for digital currencies, she added. But the Fed must assess whether the will make payments safer and reduce operating costs, and whether it carries new risks to the .🌐
US authorities will work with the private sector to determine β€œwhether new security measures should be introduced, revised existing regulatory rules, and whether state cryptocurrency will have financial sense,” she said.πŸ“£
More and more central banks are considering issuing their own cryptocurrency. This week it became known that in mid-April, the leaders of the six central banks, as well as the Bank for International Settlements (BiS) will hold a meeting in to discuss the possibility of creating their own digital currencies.πŸ›

Venezuelan retail stores are negative about the spread of petro cryptocurrency. They do not want to work with it and cal...
02/05/2020

Venezuelan retail stores are negative about the spread of petro cryptocurrency. They do not want to work with it and call the incident a government scam.😢
According to the merchants, suppliers refuse to accept as payment. They have to look for ways to convert cryptocurrency to fiat currency. At the same time, the Bank of agrees to exchange digital currency for fiat only at a depreciated rate due to hyperinflation.🌐
As the director of the National Council for Commerce and Services (Consecomercio) Josefina Salvatierra notes, because of the situation, outlets can significantly suffer, being left without goods, because they do not have money to settle accounts with suppliers.πŸ€¦β€β™‚οΈ
Most likely, the country's authorities will be unhappy with the refusal of retail outlets to work with petro, because they are actively trying to promote payments based on the national cryptocurrency.πŸ€”

In the  , hackers attacked five law firms, demanding two ransoms of 100 BTC each ($ 922,000 at the current rate), one fo...
02/04/2020

In the , hackers attacked five law firms, demanding two ransoms of 100 BTC each ($ 922,000 at the current rate), one for restoring access to information, the other for deleting a copy and non-disclosure.🀨
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According to cybersecurity specialist Emsisoft, two out of five law firms were attacked in late January. The hacker group Maze has already managed to publish some of the data.πŸ“£
Attackers first publish the names of hacked companies on their website. If firms refuse to pay, spread the stolen data in small pieces. After receiving the treasured ransom, data from the website is deleted.πŸ’»πŸ”‹πŸ”Œ
β€œThe group also posted data on a Russian hacker forum labeledβ€œ Use this information in any vile way, ”said Emsisoft analyst Brett Callow.πŸ€”

On February 18, the US Federal Marshals Service (USMS) will hold another auction for the sale of bitcoins confiscated by...
02/03/2020

On February 18, the US Federal Marshals Service (USMS) will hold another auction for the sale of bitcoins confiscated by law enforcement agencies. In total, slightly more than 4040 BTC ($ 37.3 million at the current exchange rate) will be put up for auction, CoinDesk writes.πŸ“°πŸ—ž
The auction will last six hours. By February 12, potential participants must pre-register and make a security deposit of $ 200,000, which is refunded if the participant does not become a winner.πŸ₯
Under the hammer cryptocurrency will be offered in four lots - 2,500, 1,000, 500 and 40.54069820 BTC. The first three lots will be divided into separate blocks, each with a predetermined number of bitcoins.πŸ€”
It is reported that auctioned bitcoins were confiscated in more than 50 court cases and other administrative proceedings.🌎

The automaker Mercedes Benz and the startup Circulor presented a pilot project on the blockchain.😎A joint project betwee...
02/01/2020

The automaker Mercedes Benz and the startup Circulor presented a pilot project on the blockchain.😎
A joint project between Mercedes and Circulor is part of the Startup Autobahn initiative to create a new generation of cars. As the companies specified, they will use the blockchain to track the level of exhaust emissions into the atmosphere and the amount of recycled material from which manufacturers will make batteries. Mercedes added that the data will be needed to develop a new car with zero carbon emissions.🌐
In addition, the system will track the supply chain of cobalt mined in the Democratic Republic of the Congo. According to 2017 UN data, about 40,000 children are used in cobalt mining in this country, which contradicts ethical working conditions.🀨
Thus, in a blockchain-based system, it will be possible to verify the origin of raw materials and the working conditions of workers, which is important for large automakers. will be able to check whether its partners comply with the principles of social and environmental responsibility, as well as .πŸ€”

The cryptocurrency company Coinbase will launch a new custodial unit in Ireland to serve European customers.✈According t...
01/30/2020

The cryptocurrency company Coinbase will launch a new custodial unit in Ireland to serve European customers.✈
According to a press release, Custody International will be based in Dublin.🌍
The company launched the custodial service Coinbase Custody to serve institutional investors in 2017. Today, the value of cryptocurrency assets in its storages has exceeded $ 7 billion. In part, the acquisition of Xapo custodian contributed to this.πŸ“£πŸ₯πŸ’°
Since 2018, Coinbase Custody has already served European customers, including from the , , and the . The launch of the unit in will allow us to offer these services in a localized manner with local staff and in accordance with local legislation, the company noted.😎

Singapore has passed new legislation for cryptocurrency companies.πŸ“°πŸ—žThe fight against money laundering and countering th...
01/28/2020

Singapore has passed new legislation for cryptocurrency companies.πŸ“°πŸ—ž
The fight against money laundering and countering the financing of terrorism have become key points of Singapore's new cryptocurrency legislation. The relevant amendments were made to the Law on Payment Services, January 2019.πŸ—‚βœ’
According to the Monetary Authority of Singapore (MAS), the existing rules will begin to apply to the so-called services with digital tokens. Virtually all cryptocurrency companies, including exchanges, fall under this definition.πŸ“£
Under the new rules, cryptocurrency companies will have to initially register and then apply for a payment service provider license, which will allow them to operate in the country.πŸ₯
Already existing companies are given one month to register today, after which they will have another six months to apply for a license.πŸ€”

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The Ministry of Industry, Mines and Trade of   has issued more than a thousand licenses for the mining of cryptocurrenci...
01/27/2020

The Ministry of Industry, Mines and Trade of has issued more than a thousand licenses for the mining of cryptocurrencies in the country for six months. This was stated by the representative of the local ICT Guild Organization, dealing with information and communication technologies, Amir Hossein Saidi Naeyni, reports Bitcoin.com.πŸ“£
According to him, several large mining farms have already been created in Iran, but the main problem for the development of the industry in the country is too high electricity tariffs.πŸ€”
According to the organization’s research, the cryptocurrency mining industry can bring about $ 8.5 billion to the Iranian economy.πŸ’°πŸ’°πŸ’°
Let me remind you, the Iranian authorities recognized mining as industrial activity last summer, and in November they talked about new rules for calculating electricity prices for miners.😎

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France, scheduled a hearing in the case of Vinnik. It can take place right in the hospital.😯On Tuesday, January 28, the ...
01/26/2020

France, scheduled a hearing in the case of Vinnik. It can take place right in the hospital.😯
On Tuesday, January 28, the French judge for freedoms and imprisonment will hold a hearing to determine the conditions for the pre-trial detention of Russian Alexander Vinnik, who is suspected of creating the BTC-e cryptocurrency exchange and laundering at least $ 4 billion through it, said French lawyer A***n Zimra.πŸ€”
According to Timofei Musatov, another lawyer for Vinnik, his client can be detained if he will be charge with specific crimes. Otherwise, Alexander Vinnik should be released, since the laws of the European Union provide for a maximum period of detention without charge, which has already expired during the stay of a Russian citizen in a Greek prison.πŸ˜“
β€œI am a man without rights, illegally arrested and imprisoned in Greece for more than two years, without charge of anything. They want to destroy me for my knowledge, ”said Alexander Vinnik.πŸ˜•

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Blocking bitcoin wallets and withdrawing cryptocurrency in Ukraine.πŸ₯ .Find out the sources of cryptocurrency origin for ...
01/25/2020

Blocking bitcoin wallets and withdrawing cryptocurrency in Ukraine.πŸ₯
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Find out the sources of cryptocurrency origin for citizens of will be the State Financial Monitoring Service. This was announced by Finance Minister Oksana Markarova in an interview with the local publication MC Today.πŸ“£πŸ“°
According to the minister, an analytical tool will be used to establish not only where the digital assets were received from, but also what they were spent on.πŸ”¬
The Minister explained that the agency cannot suspend operations with cryptocurrency, however, it has the authority to block crypto-wallets and seize illegally obtained assets.😐
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The law on the implementation of standards to combat money laundering and the financing of terrorism, adopted by the deputies of the Verkhovna Rada on December 6, 2019, includes cryptocurrency companies among those subject to financial monitoring.πŸ™„
Any operations in the amount of more than 30 thousand hryvnias conducted on exchanges or exchangers must be accompanied by the identification / verification of the client, the establishment of the ultimate beneficiary of the legal entity of the sender / receiver and the nature of the business relationship between them.😎
The new law will enter into force on April 24, 2020.πŸ›

The Estonian digital company DataBridge announces the launch of the Itez exchange service, which allows you to buy bitco...
01/23/2020

The Estonian digital company DataBridge announces the launch of the Itez exchange service, which allows you to buy bitcoins using VISA and MasterCard bank cards in a quick and safe mode.
The new service is designed to help simplify exchange transactions between fiat money and cryptocurrencies.😎
Itez service allows you to purchase bitcoins in minutes both on your own site and on other sites that have installed a special widget.πŸ€”
To complete the transaction, you must enter the amount of the purchase of bitcoins, the number of the bank card and the bitcoin address into which the purchased cryptocurrency should be transferred. Transactions are performed with the highest possible speed for the bitcoin network. A high level of security for buying and selling transactions is ensured through cooperation with an acquirer with the first level (Level 1) of the PCI DSS (Payment Card Industry Data Security Standard).πŸ“£πŸ₯

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The UK will track cryptocurrency transactions.πŸ€”Cryptocurrencies can be used not only to transfer funds or pay for servic...
01/22/2020

The UK will track cryptocurrency transactions.πŸ€”
Cryptocurrencies can be used not only to transfer funds or pay for services, but also to conduct criminal activity. This position was expressed by the UK office HMRC, having submitted a tender for the purchase of a system for tracking transactions in digital money.πŸ›
The agency’s request states that the tool should provide the following features:
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- Deanonymization of users;πŸ™„
- Establishing a relationship between the address and the counterparty, whether it is a commercial entity (exchange) or a service provider (β€œmixers”, a gambling service, a dark market and others);πŸ™„
- Analysis of transactions in the networks of Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, Tether, Litecoin, as well as anonymous coins Monero, Zcash, Dash - in the future.πŸ™„
The tax service of the called the fight against criminal activity the goal of introducing this tool. To it the department includes tax evasion and laundering of criminal proceeds.🌐

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