BLOCKCHAIN

Royal Bank of Scotland Onboards Former Circle Exec to Head Fintech Project

[ad_1] The Roybal Bank of Scotland (RBS) has hired a former executive from cryptocurrency finance firm Circle, according to a report by the Financial Times on June 18.Marieke Flament, who formerly worked as the European managing director of Circle, will reportedly join RBS as CEO of Mettle, its digital service for small and medium-sized enterprises (SMEs).Mettle has reportedly been operational since November 2018, and RBS is aiming to roll out
Business

U.S. Authorities Seek Extradition of Alleged Crypto Scammer

[ad_1] The United States Department of Justice (DoJ) has unsealed a fraud complaint against Swedish citizen Roger Nils-Jonas Karlsson and associated firm Eastern Metal Securities (EMS), according to a press release on June 19.According to the DoJ Karlsson and EMS are charged with committing securities fraud, wire fraud and money laundering. Specifically, Karlsson allegedly instructed investors to pay for his products using virtual currencies, such as the cryptocurrency bitcoin (BTC).According
Business

Open Interest in Bitcoin Futures Contracts Hit All-Time High

[ad_1] The Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising, as per an official Twitter post on June 18.Interest in BTC futures over time: https://twitter.com/CMEGroup/status/1141015074062110721According to CME, bitcoin (BTC) open interest spiked on June 17 with an all-time high of 5,311 contracts totalling 26,555 BTC, or approximately $246 million at press time.Futures are standardized contracts that bind a party to buying
BLOCKCHAIN

Malaysia Launches Work Visa Program for Blockchain Tech Professionals

[ad_1] Malaysia has launched a work visa program targeting tech freelancers that addresses a demand for blockchain capable talens, local news outlet the Star reported on June 18.The Malaysia Digital Economy Corporation (MDEC) — a government-owned organization that oversees the tech sector — blockchain organization Nem Foundation and job marketplace Jobbatical have jointly launched the program.The program aims to attract foreign professionals who will have the right to stay in
EXCHANGES

Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries

[ad_1] Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen paired with various cryptocurrencies like BCH and BTC has been climbing steadily, showing the country has a
Business

Brazil Requires Crypto Exchanges to Report on User Transactions to Authorities

[ad_1] The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the regulator about users' transactions in order to identify tax fraud, Cointelegraph Brazil reported on June 19.The guidelines clarify how cryptocurrency trading platforms in Brazil should adopt new rules to report about the movements of users' crypto funds to the agency, and comply with the requirements of Normative Instruction 1.888/2019 published in
BLOCKCHAIN

Ethereum 2.0’s Phase Zero Scheduled to Launch on January 3, 2020: Devs

[ad_1] The first stage of the Ethereum network’s transition to Ethereum 2.0 is expected to take place on January 3, 2020, as said in a bi-weekly call of Ethereum core developers on June 13.During the call, Ethereum researcher Justin Drake said that the dev team is working on code specifications for phase zero, confirming that codes are still expected to be released on June 30.Phase zero is the name of
Business

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 19/06

[ad_1] The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Facebook released the white paper for its cryptocurrency project on June 18. The researchers at Binance research opine that Facebook’s Libra can boost cryptocurrency volume
Business

Senate Banking Committee Sets Hearing on Facebook’s Crypto for July 16

[ad_1] The Banking Committee of the United States Senate will hear testimony on Facebook’s Libra cryptocurrency project on July 16, economic news site MarketWatch reports on June 19.The social media giant released the white paper for its Libra token yesterday.  The stablecoin, will operate on a native eponymous blockchain, and will be backed by a basket of reserve assets “designed to give it intrinsic value” and mitigate volatility fluctuations.  Following
Business

Phillipine Government Tech Department Signs Deal With Blockchain Firm

[ad_1] The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19.The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant and advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines.DICT Acting Secretary