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US Democrats Want Info on Confiscated Crypto, Bakkt's Record + More News

Posted 27 Aug-2020 03:48 AM by lily | 2897

Get your daily, bite-sized digest of the crypto asset and blockchain-related news “ investigating the stories flying under the radar of today's crypto news.

Regulation news
US congressmen Josh Gottheimer and Emanuel Cleaver, both from the Democratic Party , have requested the Trump administration to elucidate , in further detail, what happened to the cryptocurrencies the country confiscated from œterrorist groups. consistent with a report from Capitol Hill , the 2 consider it to be cryptocurrency press release distribution, œthe largest ever seizure of online terrorist financing and demand, among other things, an assessment of the Treasury's effort to confront malicious actors targeting U.S. financial networks.

Crypto custody firm BitGo wants to become an independent, regulated and qualified custodian within the state of latest York and has, thereto end, submitted its formal application at the ny State Department of monetary Services (NYDFS), the corporate announced during a handout . the corporate says the world's leading institutional investors, located in ny , are showing œstrong demand and need to secure large amounts of digital assets.

The US tax watchdog, the interior Revenue Service (IRS) has sent out a letter to cryptocurrency holders and traders, asking them to file their taxes correctly, CoinTracker's Shehan Chandrasekera blockchain press release distribution reported. people who fail to try to to so might be watching both civil and criminal enforcement activity, the organization warned. a complete of three different letters are sent out, it had been said, with two being more of an informative type, and therefore the third one “ Letter 6173 “ requiring immediate action.

Exchanges news
Earlier today, U.S.-based physically-settled Bitcoin (BTC) futures trading platform Bakkt broke its all-time high in terms of volume. Sharing the news via Twitter, the Bakkt Volume Bot (a bot tracking the company's daily volume) reported its volume for the day exceeding 12,408 BTC, or USD 142.35 million at press time.

South Korean crypto exchange GOPAX says it'll begin a œlarge-scale talent-hiring drive this year, reported Fn News. The platform's operator Streami says that it made 40 new hires last year, but wants to expand further in 2020, with plans to rent developers, compliance officers, Quality Assurance Engineers, service planning specialists and business development experts Bitcoin Press Release Distribution Services.
Crypto exchange Binance announced in an emailed handout today a replacement Decentralized Finance (DeFi) composite index line of perpetual contracts. they're going to be listed on Binance Futures, denominated in tether (USDT) and allowing leverage of up to 50 times. A composite of ten decentralized finance tokens will structure the index, including BAND, COMP, KAVA, KNC, LEND, LINK, MKR, SNX, SXP, and ZRX.

Canadian Bitcoin (BTC) platform Shakepay has announced that it's grown its customer base by quite 60% within the past year, surpassing 100,000 users during a country of 38 million people, because the emailed handout said. Therefore, the corporate conducted a third-party security audit to verify œProof of Reserves with CipherBlade. Furthermore, it issued a 1-to-1 cold wallet policy through Aon.

Blockchain news

There are more reports of a shortfall of blockchain specialists in China, despite massive salary offers from companies wanting to find experienced staff. Per a report from Hangzhou Daily, many experts are now self-teaching themselves using English-language resources thanks to a scarcity of obtainable resources in China “ despite the very fact that some companies within the Hangzhou Province are offering annual salaries of over USD 116,000 for blockchain engineers. the typical annual salary for workers in China is simply under USD 12,000.

South Korea's Shinhan Bank has launched a blockchain-powered ID authentication solution, per Fn News. The bank says that it's worked on the answer with ICO Press Release Distribution service leading domestic blockchain firm Iconloop. The move may be a a part of a wider initiative being conducted along side the nation's top financial regulator, the Financial Services Commission, to introduce contact- and paper-free ID, blockchain-based solutions to be used across a good range of industries.

Business news

Cryptocurrency exchange company FTX announced its acquisition of 1 of the world's hottest portfolio trackers, Blockfolio, for USD 150 million. Per an emailed handout , FTX described the deal together of the œlargest M&A deals within the crypto industry to date. Blockfolio's tracking app has been downloaded quite six million times.

Global remittance company Ripple recently filed four trademark applications at the us Patent and Trademark Office (USPTO). consistent with the info available on the USPTO website, Ripple seeks to guard Ripple Impact, Ripple X, Ripplex, and Ripplenet. The Cryptoverse speculates this might alright be the names of latest Ripple products.

According to local media reports, Russian airline S7 Airlines could start selling tickets for tokens, as soon as next month. Local paper Kommersant reported that S7 is functioning with Cheap Press Release Distribution Services, Russia's largest bank, Sberbank, on developing a blockchain-based system which might , a minimum of within the beginning, be offered to enterprise clients only.

Hacking news
Lazarus Group, a globally (in)famous, state-sponsored North Korean hacking group, has been spotted targeting cryptocurrency businesses. The news was confirmed by cybersecurity experts from F-Secure, who claim Lazarus has been actively engaged during a spear-phishing attack via LinkedIn, with the goal of stealing credentials, downloading files, and execute arbitrary commands.
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