How G20 Central Bank Digital Currencies Are Progressing

[ad_1] Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will be introduced. Also read: Central Banks Worldwide Testing Their Own Digital Currencies When Will a G20 Central Bank Issue a Digital

BitShares DEX Gateway CryptoBridge Implements Mandatory KYC for Users

[ad_1] BitShares Decentralized Exchange (DEX) gateway CryptoBridge announced on Oct. 1 that it has implemented mandatory user Know Your Client (KYC) verification.European regulation is responsiblePer the announcement, the reason for the upcoming mandatory KYC is the 5th EU Anti-Money Laundering Directive (AMLD5). Interestingly, CryptoBridge also noted that the company wants to challenge international financial regulation:“While we still strive to present new challenges for international financial regulation, we are facing the

Customs Agents Seize Crypto Mining Units Smuggled out of Mongolia

[ad_1] The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia.Crypto mining equipment confiscatedOn Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle the four mining devices with fans and connected microcircuits across the Russian/Mongolian border into Russian territory.The custom services explained that the smuggler was detained by Altai customs officers during a border check in

SEC Settles With Nebulous For Unregistered Offering of Sianotes in 2014

[ad_1] The United States Securities and Exchange Commission (SEC) reached a settlement with Nebulous, the firm behind the Sia decentralized cloud storage network.$225,000 in disgorgement and penaltiesOn Oct. 1 the SEC announced in a press release that it has settled the charges against the firm behind the Sia network in the form of a civil monetary penalty. Nebulous settled the charges without admitting or denying the findings.According to the U.S.

Coinbase, Pantera Capital Participate in $2.4M Seed Round of DeFi Startup

[ad_1] Decentralized finance (DeFi) startup InstaDApp has secured $2.4 million in a seed round from an array of strategic investors, including Coinbase Ventures and Pantera Capital.New fundingPer an Oct. 1 blog post, InstaDApp saw funding from investment firms Coinbase Ventures, Pantera Capital,  Robot Ventures, venture capital company IDEO Colab and a number of other investors. InstaDApp is the developer of a mediator smart wallet layer between the user interface and

Swiss Regulator Fears Crypto’s Dark Corners, Libra Not So Much

[ad_1] Mark Branson, head of Swiss financial supervisor FINMA, said that he is more concerned with the dark corners of cryptocurrency than he is with Facebook’s stablecoin Libra.Switzerland will not make Libra impossibleOn Oct. 1, Reuters reported that Bronson is more wary of crypto projects that develop outside of official scrutiny than he is of Facebook’s Libra project, which he says “is being done transparently.” Branson added:“I am much more

Blockchain Firm Helps Congo Mine to Fight Against Blood Diamonds

[ad_1] Berlin-based blockchain company, RCS Global delivers mine-to-market technology solutions to help fight against conflict minerals in the Democratic Republic of Congo.Not part of a blood-stained supply chainOn Oct.1 Reuters reported that government officials in the Societe Miniere de Bisunzu’s (SMB) mine in Congo are using blockchain technology to assure its clients that the minerals they purchase are not part of a blood-stained supply chain.RCS Global started implementing its blockchain

Shots Fired as Nancy Pelosi Challenger Bacelar Funds Campaign With Crypto

[ad_1] 27-year-old Agatha Bacelar is a Brazilian-American immigrant from a STEM background, and she’s targeting Speaker of the House Nancy Pelosi’s seat in the California Congress (CA-12) in the next election cycle. Her campaign is seeking to raise $1 million in crypto (BTC, BCH, ETH, LTC or USDC) to match the amount of stock Pelosi holds in Facebook, and upset an antiquated governing body Bacelar feels runs the risk of

State-Backed German Bank Says Bitcoin Will Leap to $90,000 in 2020

[ad_1] The German bank BayernLB has published a report on Bitcoin (BTC) vs gold in which it predicts a big leap for BTC in 2020.Bitcoin outshining gold?On Oct. 1 the Munich-based bank BayernLB published its latest research report that seems to suggest that the forthcoming Bitcoin halving effect hasn’t yet been priced into its current price of around $8,300.The German bank explains that gold has had to earn its high

BlackRock, Goldman Sachs Veteran Joins Blockchain as General Counsel

[ad_1] BlackRock and Goldman Sachs veteran Howard Surloff has joined major crypto wallet provider as general counsel.Over 25 years in traditional financeAfter serving over 25 years the two of the world’s largest and most respected financial institutions, Surloff will now be responsible for advancing Blockchain’s standard for legal, compliance and corporate governance within the crypto industry, the firm announced on Oct. 1.Prior to entering the crypto industry, Surloff worked