KPMG to help US crypto firms uphold reporting standards

Private banks could be required to conduct risk assessments on case-by-case basis. 482 Total views 30 Total shares On Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions.The move hints at the Israeli government’s preparations to legalize and regulate…

Authorities in the United States have arrested two individuals who allegedly threatened to destroy a startup crypto company if they were not paid millions of dollars in cryptocurrency.Extortion of crypto startupOn Sept. 18, the U.S. Attorney’s Office for the Eastern District of New York, together with the FBI, announced the arrest of Steven Nerayoff and…

When blockchain technology was first brought to the public’s attention, it was lauded on many fronts as “unhackable.” While there are many benefits to blockchain worth noting already, we probably still haven’t seen what its ultimate potential will be. One thing is certain though: It is not unhackable. That reality has been illustrated with increasing…

Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs. 6608 Total views 22 Total shares Bitcoin (BTC) was trading at $5,000 higher in South Korea than in other markets on Wednesday as capital flow controls continue to enforce the “kimchi premium.” While Bitcoin was…

According to CEO Johnny Lyu, people using renewable energy sources for mining will receive discounts on fees. 465 Total views 93 Total shares Singapore-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs.In a Wednesday announcement, the exchange said its KuCoin Pool product would allow…

Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia’s incoming earnings report. 

A number of cryptocurrency-related conferences across Asia are being delayed in response to the regional coronavirus outbreak.TOKEN2049, a major crypto event held annually in Hong Kong, is the latest one to postpone its conference. Originally scheduled for mid-March 2020, TOKEN2049 will now instead be taking place on October 7-8, 2020.The TOKEN2049 team announced:“Over the past…

Central Retail Corp, a major Thai retail company, has announced a test of its virtual currency, “C-Coin.” 695 Total views 10 Total shares Central Retail Corp, a leading firm in Thailand’s retail industry, is testing a digital currency among its employees. After the sandbox phase is finished, the retail giant plans to extend the service…