Monthly Archives: February 2020

On Feb. 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies.In his recent budget speech, Chan indicated that the amendments will address recommendations made by global financial watchdog, the Financial Action Task Force (FATF). New regulations to affect crypto exchanges, precious…

Ethereum (ETH) co-founder Vitalik Buterin does not believe that the popular stock-to-flow model is useful for predicting the Bitcoin (BTC) price.In a Twitter debate on Feb. 27, Buterin became the second well-known figure to criticize stock-to-flow, which calls for BTC/USD to trade at an average $100,000 between 2021 and 2024.Buterin: stock-to-flow forecasts “part of the…

Central banks should develop a deeper understanding of the consequences of issuing a digital currency, according to a Bank of Japan official.According to Reuters on Feb. 27, Bank of Japan Deputy Governor Masayoshi Amamiya explained that central bank digital currencies (CBDCs) could streamline settlements and facilitate private money flows, but also stifle private financial innovation…

On Feb. 27, Hong Kong-based cryptocurrency payments provider Crypto.com announced a partnership with cryptocurrency-friendly travel booking platform Travala. The deal will see Crypto.com’s payment app integrated onto Travala’s website, providing a streamlined gateway for bookings to be made on the platform. Previously, customers needed to manually complete transfers using their wallet when seeking to make purchases…

Blockchain security firm CertiK has released a demo and language reference manual for its smart contract-focused DeepSEA programming language.Both CertiK and its affiliated R&D academic projects have received funding from the likes of Binance Labs, the Ethereum Foundation and Qtum. The firm shared details of the new release with Cointelegraph on Feb. 21.The DeepSEA demo,…

Today the cryptocurrency market saw a huge drop in the price of Bitcoin (BTC). According to the data analytics provider Skew on Feb. 26, over $150 million worth of Bitcoin was liquidated on the trading exchange BitMEX, the most seen since the new year began. Millions of dollars of long and short positions caused the value…