DARPA release highlights difficulty in developing quantum finance solutions
Quantum computing for finance is proving to be one of the harder problems for scientists in the field.
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Court Orders Purported Crypto Company Longfin to Pay $6.7M Penalty
The United States District Court for the Southern District of New York has ordered purported cryptocurrency company Longfin to pay a total of $6,755,848 million in penalties.Falsely obtained qualification for Regulation A+ offeringOn Sept. 30, the Securities and Exchange Commission (SEC) announced that a New York federal court entered a default ruling against the fintech…
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Worldcoin faces ‘scam’ allegations after extending token lockup by 2 years
Worldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.
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‘Halal Coins Only’: First Islamic Crypto Exchange to be Launched in 2019
The ADAB Solutions project, based in the United Arab Emirates, is planning to launch FICE — the First Islamic Crypto Exchange which will be operating “according to the principles of Shariah law.” The company is expecting to reach $146 million daily trading and $4.4 billion monthly turnover by 2020.Islamic finance as crypto exchange baseThe new…
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EToro to Issue Debit Cards Starting Q2 2020
Multi-asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2020.On Dec. 9, Business Insider reported that the United Kingdom-based digital asset trading platform’s 12 million users will be able to spend their earnings via a debit card, planned for launch in Q2 of next…
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Crypto lawyers on Telegram CEO Pavel Durov’s ‘crimes’ — Is it legal?
Was it right to arrest Telegram founder Pavel Durov? Or is it like arresting a telco CEO because criminals discussed crime on a phone call?
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Cryptopia Liquidation: Refund Deadline ‘Not Practicable’ as Users Wait
Liquidators of hacked New Zealand cryptocurrency exchange Cryptopia have recovered almost $11 million in the past six months, but say the process remains difficult.In its second report into its operations at Cryptopia, Grant Thornton confirmed that receipts from May to November totaled around 10.9 million New Zealand dollars ($7.18 million). Funds trickle back from oblivionExpenses, including…
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Crypto payments firm MoonPay secures MiCA approval in the Netherlands
Dec. 30 marked the end of the implementation phase of the Markets in Crypto-Assets framework, as authorities can enforce rules on certain crypto service providers operating in the EU.
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Natwest Bank Launches R3 Corda Blockchain-Based Syndicated Lending Platform
U.K.-based bank Natwest will integrate a new blockchain platform based on R3 Corda technology for use in the syndicated loans market, financial news platform Mondovisione reports today, October 18.The new platform, dubbed “Fusion LenderComm,” was developed by blockchain consortium R3 and fintech enterprise Finastra, and aims to streamline the global market for syndicated loans —…