Loom Network Offers a Rewards Program to Its DApp Developers

[ad_1] Loom Network, a blockchain-based platform designed with large-scale social apps and games in mind, launched a new bounties and rewards program.In the announcement published on Sept. 24, Loom said that it kicked off a new campaign to recruit decentralized applications (DApps) developers, which involves several large bonuses of Loom tokens to grow the ecosystem. Co-founder of Loom Matthew Campbell said:“In order to help grow our ecosystem, we want to

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit

[ad_1] The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Relaxing Withdrawal Limit India’s central bank has issued another circular

MediConnect Completes PoC to Track Medication Through the Supply Chain

[ad_1] Blockchain startup MediConnect has completed the workflow for the Proof-of-Concept (PoC) designed to track medications through the supply chain and begun integration of online pharmacy UK Meds’ processes to its platform.Tracking medication through the supply chainPer a press release shared with Cointelegraph on Sept. 26, MediConnect established a foundation and methodology for proof of concept finalization, which will enable tracking and managing of prescription medication through the supply chain

Bittrex to Use Chainalysis Tool to Identify High-Risk Transactions

[ad_1] Cryptocurrency exchange Bittrex is incorporating Chainalysis know your transaction (KYT) tool to spot high-risk transactions.Compliance standardsIn a Sept. 26 press release, Chainalysis Inc. announced the deployment of its real-time transaction monitoring solution to the Seattle-based blockchain trading platform Bittrex.In an attempt to meet “new and existing regulatory and compliance standards,” Bittrex incorporated Chainalysis KYT, a software solution that monitors high volumes of activity in the crypto space and helps

Users of Nigeria-Based Crypto Wallet Lose $1M in Alleged Exit Scam

[ad_1] Nigerian crypto wallet Satowallet has allegedly pulled off a $1 million exit scam, while the firm cites an unexplained OVH data server error that has kept user funds in limbo.Multiple versions to delay withdrawalsAfter users first reported withdrawal issues in April 2019, Satowallet has been citing different versions of events to account for their failure to withdraw over $1 million in crypto, according to a report by the Financial

‘I Think We Need to Be a Little Less Paternalistic’

[ad_1] United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently spoke on innovation in cryptocurrencies, calling regulators excessively paternalistic.DACOM SummitAt the Digital Asset Compliance and Market Integrity (DACOM) Summit in New York today, Sept. 26, Commissioner Peirce led a Q&A session that featured extensive discussion of the future of regulation for crypto assets. Hosting the summit were law firm Hogan Lovells and Solidus Labs, a market surveillance tool provider. Crypto

Bitflyer Adds Bitcoin Cash Trading Across Europe and the US

[ad_1] Bitflyer has added a selected number of new cryptocurrencies for its European and American clients to trade. Bitcoin cash (BCH) is among the few digital assets now available to buy and sell on all licensed platforms operated by the Japanese company. Also Read: NASA to Launch Bitcoin to the Moon? Space Agency Seeks Crypto Experience Bitflyer Adds New Cryptos in Europe and US Major Japanese exchange Bitflyer has announced

Yes, BitMEX Liquidations Caused Bitcoin Price to Crash; Here’s How

[ad_1] Liquidity decline caused by BitMEX’s exchange policy is the main reason behind the latest bitcoin (BTC) price crash, latest analysis suggests.  The bitcoin market bloodbath has continued today, with BTC testing the $7750 support a few hours back. It all began yesterday, with the spread widening on BitMEX and futures contracts getting continuously liquidated. Connecting BitMEX Outflows and BTC Price Yesterday’s downside BTC price move was well anticipated, but

Medici Bank Launches Private Beta Testing in October: Report

[ad_1] Puerto Rico-based Medici Bank, founded by a direct descendant of the Italian Medici dynasty, launches private beta testing in October.Medici Bank will be piloting digital onboarding procedures, application programming interface and web portals with five global firms, two or three of which represent crypto businesses, Coindesk reports Sept. 26.Crypto clientsMedici Bank CEO Ed Boyle elaborated that those firms are expected to demonstrate the bank’s ability to scale to accommodate

Altcoins Continue to Tumble, With Top-20 Showing a Sea of Red

[ad_1] Thursday, Sept. 26 — After Tuesday’s sudden crash, altcoins seemingly entered a consolidation phase yesterday and for the better part of today, until signs of a new downward price trend reared its ugly head.Cryptocurrency market daily overview. Source: Coin360Altcoins are still reeling from Tuesday’s painful correction, which saw double-digit losses. Bitcoin SV (BSV) took the lead with a massive hit of up to 34%, while several other major altcoins