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Bitcoin Miner Maker Canaan Lost $148 Million in 2019
Apr 9, 2020 at 12:18 UTCUpdated Apr 9, 2020 at 12:43 UTCCanaan chairman Kong Jianping, image via PoolInBitcoin Miner Maker Canaan Lost $148 Million in 2019Chinese bitcoin miner manufacturer Canaan Creative has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million, reflecting a declining profitability over the past…

Canadian Border Services Begins Testing IBM Blockchain for Shipping
The Canadian Border Services Agency (CBSA) is partnering with Canada's second-largest port to test out a blockchain solution for streamlining freight shipping. The CBSA, along with the Port of Montreal, will be trialing TradeLens, a project built by IBM and Danish shipping giant A.P. Moller-Maersk Group, the Canadian Press reported Thursday. The project hopes to reduce…

DeFi Exchange Uniswap Receives Enforcement Notice from the SEC
Decentralized crypto exchange Uniswap received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday.Uniswap's native token, UNI, dropped 9.5% immediately after the news.Uniswap CEO Hayden Adams announced the receipt of the so-called Wells notice on X, saying he wasn’t surprised, “just

Regulators Debate Cryptocurrency Legislation Ahead of G20 Summit
news Cryptocurrency regulation will take a step forward during the upcoming V20 Summit where country representatives will assess the new course of legal action proposed by the international Financial Action Task Force (FATF). FATF will release proposals on June 21 in hopes of setting new international standards for crypto businesses. Legislators support the summit, which will…

Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
Harvest Global Investments, a major asset-management company in China, applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC) and is in discussions with regulators regarding the city's stablecoin sandbox, according to separate reports by Tencent News and Bloomberg.Harvest Global did not respond to a request for comment. The SFC

Planned Blockchain Solution for FATF ‘Travel Rule’ Compliance Keeps User Data Private
news Blockchain sleuthing firm CipherTrace is to launch a solution aimed to help cryptocurrency firms meet tough new rules recently recommended by the Financial Action Task Force (FATF), an international money-laundering watchdog. CipherTrace is teaming up with Shyft, a firm developing blockchain-based identity and attestation platform, on the initiative, which the firms say is planned to enable compliance…

Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports
Binance’s Tigran Gambaryan and Nadeem Anjarwalla have been held against their will for the past two weeks by Nigerian authorities.The Nigerian government had invited the executives to discuss the current dispute with Binance, and the duo had landed in Abuja on February 25.Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held

Cathie Wood Sees Bitcoin Price Reaching $1.5M By 2030 After ETF Approval
ARK Invest CEO Cathie Wood said on CNBC Thursday that bitcoin (BTC), the world's largest cryptocurrency by market value, could reach $1,500,000 in price by 2030 in a bullish scenario, raising her estimate by 50% from a previous prediction of $1 million."We think the probability of the bull case has increased with this SEC approval.