New Blockchain App Claims Its Already Tracking 760,000 Diamonds

news A powerful intergovernmental organization devoted to combating money laundering and terrorism financing has finalized its recommendations on regulating cryptocurrencies for its 37 member countries. As expected, the Financial Action Task Force (FATF) standards released Friday include a controversial requirement that “virtual asset service providers” (VASPs), including crypto exchanges, pass information about their customers to one…

Sei, a new trading-focused blockchain backed by Jump Crypto and Multicoin Capital, went live Tuesday, setting off a flurry of trading for the project’s just-launched SEI token and pushing its first-day market capitalization to more than $400 million.Trading volume for SEI has topped $1.6 billion in the past 24 hours according to CoinMarketCap, with major…

“I guess there was demand,”Ghahary says, “because when they sold packs [at that time], it would sell out. And you could flip it and make money. But as they pumped out more supply, values started dropping, and people started leaving. Even if you’re a huge sports fan, if you buy something for $2,000 and it’s…

RWAs continue to experience growth led by tokenized U.S. Treasuries. BlackRock's boasts a market value of over $500 million. The market value of on-chain real-world assets (RWAs), excluding stablecoins, continues to rise, representing continued investor interest in blockchain-based tokenization of traditional assets. Currently, total RWAs are worth more than a record $12 billion, according to

Honestly, we do try to keep things tight here in The Protocol newsletter. The problem is, there's just so many good stories in crypto. That's true even on a slower week as many of our readers and developers in Asia head toward the Chinese New Year on Feb. 10. (The "year of the dragon" is

May 14, 2020 at 09:10 UTCUpdated May 14, 2020 at 09:28 UTCFormer Overstock CEO Patrick Byrne (Credit: CoinDesk Consensus)Overstock Files to Dismiss ‘Meritless’ Fraud Lawsuit Over Its Digital DividendU.S.-based e-commerce giant Overstock is hoping to persuade a judge in the Utah District Court to throw out a class-action securities fraud lawsuit relating to the firm's…

Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion. Northern Data is the largest bitcoin miner in Europe. In addition to bitcoin mining, the company also operates data centers used

Several tokens tied to the two Terra ecosystems – Terra 2.0 and Terra Classic – more than doubled over the past week, extending year-to-date gains to more than 10,000% in what could mark one of the best project reversal stories in the crypto industry.Three tokens, Luna Classic (LUNC), terra 2.0 (LUNA) and terraUSD classic USTC

NEWSINBRIEF South Korea is set to test a blockchain system next month in an effort to improve the reliability and security of online voting. The National Election Commission (NEC) announced the news Wednesday, saying it will begin the pilot in December with development assistance from the Ministry of Science and ICT. The NEC’s existing online voting system,…