FATF Issues Preliminary Guidelines on Digital Assets to Combat Money Laundering

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies against money laundering, has published preliminary guidelines for cryptocurrencies on its website on Thursday, Feb. 28. The FATF held a meeting on preliminary crypto requirements on Feb. 22. According to the organization, the new text of the Interpretive Note to Recommendation 15 —…

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Malaysian State to Launch Blockchain Solution to Track Agricultural Products, Says Official

The Malaysian state of Penang is considering the use of blockchain technology in food and agricultural products supply chains, local English-language newspaper The Star reports on March 1. According to the country’s Deputy Minister of Agriculture and Agro-based Industries, Sim Tze Tzin, cited by the newspaper, the technology can be used for various applications in…

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Swedish Digital Marketing Firm Launches Blockchain-Based Ad Network

Swedish digital marketing company Tradedoubler has launched a blockchain-based platform to connect publishers with advertisers, according to a press release published on Feb. 27. The digital ad network, which will serve as a decentralized data storage, enables automated and more transparent interactions between advertisers and publishers, or websites looking to host ads. The platform is…

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Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials

Big Four audit and consultancy firm PriceWaterhouseCoopers (PwC) is conducting a trial of its new blockchain-powered platform for ensuring the integrity of employee credentials. The trial, launched in partnership with the Institute of Chartered Accountants of Scotland (ICAS), was announced in a PwC press release published on Feb. 28. PwC’s “Smart Credentials” platform, earlier unveiled…

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Ethereum Upgrades as Hard Forks Activate on Blockchain

Two long-anticipated upgrades appear to have officially activated on the ethereum blockchain, the world’s second-largest by market value, without incident. At 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000. As seen on blockchain monitoring website Fork Monitor, there is…

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German Government to Introduce Blockchain Strategy in Mid-2019

The chief executive body of the German government, the Cabinet of Germany, has revealed that the country’s blockchain strategy will be introduced by mid-2019. The Cabinet commented on the development of fintech in the country on Feb. 26, following a request for information from parliamentarians in the Bundestag. The document notes that fintech sandboxes are…

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Pundi X’s New Phone Can Switch Between Blockchain and Android

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Blockchain device manufacturer startup Pundi X unveiled new specifications for its blockchain phone, which it plans to release to the public later this year. Revealed at the Mobile World Congress conference in Barcelona this week, the XPhone will let users switch between a traditional mode that supports Android apps and a “blockchain mode,” which will…

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French President Says Blockchain Could Put Europe at ‘Vanguard’ of Innovation

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French President Emmanuel Macron has called for increased use of data technologies such as blockchain in the EU to boost the agriculture industry and address concerns over food traceability. Inaugurating the 56th International Agricultural Fair in Paris at the weekend, Agridigitale.net reports, Macron spoke of the need to authenticate and track agricultural products amid growing…

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Report: Singapore’s Wealth Fund GIC Among Those to Raise $300 Mln for Coinbase in 2018

Singapore’s Government Investment Corporation (GIC) was reportedly one of the investors to have helped raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018. Bloomberg reported the news on Feb. 28, citing anonymous sources familiar with the matter. According to its official website, GIC — which was founded to…

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Report: Blockchain Home Equity Loan Platform Raises $65 Million

A blockchain-based home equity loan platform, Figure, has raised $65 million from various major financial and venture capital firms, tech news site TechCrunch reports on Feb. 27. The firm, which was founded by SoFi founder and former CEO Mike Cagney, reportedly raised the funds from such majors as Morgan Creek, DST Global, DCM, Ribbit Capital…

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Swiss Blockchain Hackathon in June Includes Partnerships With PwC, Amazon Web Services

Switzerland will host the Swiss Blockchain Hackathon later this year in a bid to help companies find real-life applications of blockchain technology, according to an announcement published on Feb. 27. The three-day event is reportedly organized by Switzerland’s six leading blockchain and IT organizations — Trust Square, Bitcoin Association Switzerland, CV Labs, Crypto Valley Association…

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EOS Scaling Issues and Their Impact on the Blockchain

The EOS blockchain appears to be running into considerable scalability issues that are hindering its ability to securely host decentralised applications on the network. The problem is that the blockchain has grown so dramatically that only a handful of block producers can afford to store the entire thing.Since most dApps connect exclusively to one of…

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London Stock Exchange Leads $20M Investment Into Blockchain Startup

The London Stock Exchange Group (LSEG) has reportedly led a $20 million investment round in a fintech startup called Nivaura, which is behind the issuance of the first automated cryptocurrency-denominated bond.  London Stock Exchange Invests in Tokenization Startup The LSEG has led an investment round worth $20 million in the startup Nivaura, Reuters reports. The stock…

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Crypto Exchange Huobi Adds Support for Ethereum-Based Tether

Huobi Global crypto exchange has launched support for the Ethereum (ETH) blockchain-based version of USD-pegged stablecoin, Tether (USDT), according to a press release published on Feb. 27. Starting today, Huobi will offer deposit and withdrawal services for major stablecoin Tether in both its original Bitcoin (BTC)-based Omni Layer Protocol and its more recently launched ERC-20…

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