Japan’s crypto anti-money laundering measures to start in June: Report

High or low, Bitcoin is still being shaken out of small investors and flowing to "millionaire" wallets, data confirms this week. 4263 Total views 21 Total shares Bitcoin (BTC) is changing hands fast after its drop to $32,000 and only millionaires are winning, data shows.Statistics governing wallet balances from Glassnode on Jan. 11 reveal that…

The United States Air Force (USAF) has chosen smart contract startup SIMBA Chain to provide the blockchain which will be used to secure its supply chain.In a news release published on Aug. 26, SIMBA Chain said the technology it develops will be used on the battlefield and at home.USAF hopes blockchain will make its data more…

South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14.A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a form of payment. While the anonymous executive confirmed the partnership, further details were not…

Brits can now withdraw physical cash for GBPT, a one-for-one pound sterling stablecoin, as well as other cryptos at ATMs in the United Kingdom. 1494 Total views 5 Total shares Own this piece of history Collect this article as an NFTA partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin…

As the Kyrgyz government discusses raising electricity tariffs again, a former official says that crypto mining is a significant driver of the ongoing energy crisis. 3147 Total views 21 Total shares Amid growing concerns over the energy sector in Kyrgyzstan, a former government official has argued that cryptocurrency mining is a major factor driving the…

Brazil is becoming a hotbed for crypto adoption, with the country’s tax authority recently claiming that over 12,000 companies hold digital assets. 288 Total views 6 Total shares Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil — a move both companies…

After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected.According to Euronews Next, on March 14, the European Union rejected a proposed rule that could have banned the energy-intensive proof-of-work (PoW) mining algorithm used by…

Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale. 98 Total views 2 Total shares Google Cloud recently announced the launch of its “Anti Money Laundering AI” (AMLAI) service after a successful trial with London-based financial services group HSBC.AMLAI uses machine learning to create risk…

Distributed energy resources, or DERs, have the potential to disrupt traditional electricity markets. Therefore, it shouldn’t come as a surprise that innovative countries are looking toward emerging technologies that will allow DERs to transform entire energy economies. Germany in particular is interested in using DERs to drive its digital energy economy while also complying with…