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SEC to Release ‘Plain English’ ICO Guidelines

SEC to Release ‘Plain English’ ICO Guidelines

Reading Time: 1 minuteThe U.S. Securities and Exchange Commission (SEC) intends to clarify when and how cryptocurrencies will be considered securities, said its Director of the Division of Corporation Finance.

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60% of Ethereum Smart Contracts Were Never Used

60% of Ethereum Smart Contracts Were Never Used

Reading Time: 1 minuteSpecialists from the American Northeastern University and the University of Maryland published the results of the analysis of all the smart contracts created in the blockchain Ethereum, more precisely, in the first five million of its blocks, which covers almost three years of the network functioning.

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Bitcoin ATM Provider Coinsource First to Get License to Operate in New York

Bitcoin ATM Provider Coinsource First to Get License to Operate in New York

Reading Time: 1 minuteCoinsource recently announced that it has become the first digital asset ATM provider to be granted a Bitlicense in the state of New York. The company joins 12 other organizations that have already received the license for virtual currency businesses from the New York Department of Financial Services (NYDFS).

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Crypto to Become Main Topic at WEF

Crypto to Become Main Topic at WEF

Reading Time: 1 minuteTechnologies as blockchain and cryptocurrency will be the main topic of the World Economic Forum (WEF), which will be held in January 2019 in Davos, Switzerland. As the president of the forum, Børge Brende said, the international community needs to pay attention to the lack of interaction at the global level in order to confront...

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ICO Funding Sees Steep Drop in October

ICO Funding Sees Steep Drop in October

Reading Time: 1 minuteICO funding hits its lowest point in 2018 with $54 million raised in October. To put that number into perspective. ICO projects raised just under $164 million in September.

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HSBC, StanChart, others launch trade finance platform

HSBC, StanChart, others launch trade finance platform

Reading Time: 1 minuteeTrade Connect, the platform developed by HSBC, Standard Chartered and 10 other banks, was launched in Hong Kong on Wednesday set to make the multi-billion industry of international trade more efficiently. Agricultural Bank of China and BNP Paribas were among the participants in the development of the platform. The industry is heavily paper-oriented and manual....

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JP Morgan to use Quorum Blockchain to Digitise Gold

JP Morgan to use Quorum Blockchain to Digitise Gold

Reading Time: 1 minuteQuorum is an enterprise-focused Ethereum-based blockchain developed by JP Morgan. Umar Farooq, JP Morgan’s Head of Blockchain Initiatives, expressed his belief in Ethereum and tokenization of assets at Sibos 2018. “They wrap a gold bar into a tamper-proof case electronically tagged, and they can track the gold bar from the mine to endpoint – with...

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South Korea’s FSC Gives its Blessing for Banks to Support Crypto Exchanges

South Korea’s FSC Gives its Blessing for Banks to Support Crypto Exchanges

Reading Time: 1 minuteChoi JongKu, Chairman of the Financial Services Commission (FSC), confirmed that banks are allowed to work with crypto exchanges as long as those exchanges have anti-money-laundering (AML) and know-your-customers (KYC) mechanisms in place. The statement has been well-received by the Korea Blockchain Association. Chin Daeje, KBA’s chairman, affirmed that regulators’ concern over both KYC and...