Home Blog Page 97

Blockchain Use in the Life Science Organizations has Tripled Since 2017: Survey

0


Blockchain adoption in the life sciences has risen exponentially in the last one year despite the existence of significant barriers. According to The Pistoia Alliance, a global nonprofit of life science firms, 60% of the professionals in the pharmaceutical and life science sector are either currently using blockchain technology or at least experimenting with it.

The post Blockchain Use in the Life Science Organizations has Tripled Since 2017: Survey appeared first on CCN



Source link

Binance’s Astronomical Success is Motivated By Adversities Faced in China

0


The regulatory clampdown on cryptocurrency exchanges in China has been noted as a key factor in the sensational growth of Binance in 2018. Launched in the middle of 2017, the rate of growth that Binance has experienced, both in terms of trading volume and capitalization has attracted a lot of attention within the cryptocurrency environment.

The post Binance’s Astronomical Success is Motivated By Adversities Faced in China appeared first on CCN



Source link

Hacked Bitcoin Exchange Zaif Discontinues New Registrations

0


Tech Bureau Inc., the owner of Zaif exchange, decided to suspend new account registrations at their trading platform temporarily. The decision came on September 28, 14 days after a hacking incident took place at Zaif and caused the crypto exchange more than $60 million worth of damages. Tech Bureau said in its press statement that

The post Hacked Bitcoin Exchange Zaif Discontinues New Registrations appeared first on CCN



Source link

U.S. Senate Candidate Signs Clemency Petition For Ross Ulbricht

0


Silk Road founder Ross Ulbricht is currently serving a double life sentence plus 40 years for his role in operating the infamous Silk Road website. Ulbricht is not eligible for parole. He is currently imprisoned at the high-security United States Penitentiary, Florence High, in Colorado. In August, Maine State Senator and current U.S. Senate Candidate

The post U.S. Senate Candidate Signs Clemency Petition For Ross Ulbricht appeared first on CCN



Source link

Ripple Drops 8% as Volume Drops 50% in 1 Week, Bitcoin Remains Bearish

0


On October 6, CCN reported that the volume of Ripple has declined by more than 50 percent within the past four days. Since then, XRP has declined by around eight percent against the US dollar. The volume of Bitcoin has slightly recovered to $2 billion on CoinCap.io and $3.3 billion on Coinmarketcap, but the dominant

The post Ripple Drops 8% as Volume Drops 50% in 1 Week, Bitcoin Remains Bearish appeared first on CCN



Source link

Will Yale’s Investment in Crypto Lead to More Institutional Investors?

0


This week, CCN reported that Yale, the prestigious Connecticut-based academic institution, has invested in a $400 million crypto fund operated by veterans in the digital asset and finance space. Coinbase Inc. co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and billion dollar crypto hedge fund Pantera Capital ex-employee Charles Noyes reportedly launched a new

The post Will Yale’s Investment in Crypto Lead to More Institutional Investors? appeared first on CCN



Source link

Winklevoss’ Gemini Now Provides Insurance for Customers’ Cryptocurrencies

0


Gemini announced during the week in a press release that the exchange has partnered with leading insurers to provide coverage on custodial digital assets. Effective since October 1, 2018, insurance coverage is provided on digital assets held in Gemini’s custodial service. Aon, a leading global professional services firm providing a broad range of risk, retirement and health

The post Winklevoss’ Gemini Now Provides Insurance for Customers’ Cryptocurrencies appeared first on CCN



Source link

Blockchain Gaming Platform TriForce Tokens Releases Steam Game, Announces Final Token Sale

0


This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post Blockchain Gaming Platform TriForce Tokens Releases Steam Game, Announces Final Token Sale appeared first on CCN



Source link

Jambler.io Welcomes Its First Bitcoin Mixing Partners

0


This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post Jambler.io Welcomes Its First Bitcoin Mixing Partners appeared first on CCN



Source link

Norway Establishes New Rules for Crypto Service Providers

0



Norway Establishes New Rules for Crypto Service Providers

The Financial Supervisory Authority of Norway is enforcing new money laundering regulations that apply to crypto exchange and storage providers in the country. The law will go into effect on Oct. 15 and will affect companies established in Norway including branches of overseas companies.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

New Rules Effective Oct. 15

Finanstilsynet, the Financial Supervisory Authority (FSA) of Norway, announced Thursday that the country’s Ministry of Finance has established new money laundering regulations which apply to “Norwegian providers of virtual currency exchange and storage services.”

Norway Establishes New Rules for Crypto Service ProvidersWhile the new rules will go into effect on Oct. 15, companies have until Jan. 15 next year to comply. “The law applies to reporting companies established in Norway, including branches of foreign companies,” the regulator clarified, adding:

Finanstilsynet will ensure that virtual currency exchange and storage providers comply with the money laundering rules. However, FSA does not have any tasks related to the monitoring of other areas of these providers, such as investor protection.

Affected Crypto Providers

Norway Establishes New Rules for Crypto Service ProvidersThe obligations under the new Money Laundering Act apply to crypto storage services and providers offering exchange services between any cryptocurrencies and fiat currencies, such as the Norwegian kroner.

The law also applies to “platforms that facilitate trading and exchanges by connecting buyers and sellers,” Finanstilsynet wrote, emphasizing:

Exchanging between different types of virtual currencies (eg from bitcoin to ethereum) is not included.

The regulator detailed that firms storing private keys on behalf of customers are considered to be involved in “the transfer, storage or purchase of virtual currency” and are therefore included in the new regulations. However, “Storage solutions that do not store private cryptographic keys (often referred to as non-custodial wallets) are not covered by the regulations.”

Impact on Customers

Under the new rules, affected providers must register with Finanstilsynet and provide necessary documents, the agency described, noting:

Consequently, customers must expect to identify and receive questions such as the purpose of a transaction or the origin of funds, etc.

The rules also impose reporting requirements on crypto service providers. However, “Individuals who buy or sell their own virtual currencies for private purposes” and those who occasionally “assist friends and acquaintances with the purchase and sale of virtual currencies” will not be subject to the reporting requirements under the new money laundering rules, the regulator detailed.

What do you think of Norway’s new rules for crypto providers? Let us know in the comments section below.


Images courtesy of Shutterstock and Finanstilsynet.


Need to calculate your bitcoin holdings? Check our tools section.

The post Norway Establishes New Rules for Crypto Service Providers appeared first on Bitcoin News.



Source link