China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on CryptoXinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The […]

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Chinese Regulators Question 8 Crypto Companies in Shenzhen

Chinese Regulators Question 8 Crypto Companies in Shenzhen, Reports DetailAuthorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Also read: Crypto […]

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Belarusian Bank Gets the Go-Ahead to Service Crypto Investors

Belarusian Bank to Service Crypto InvestorsA bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic zone has already become home to many crypto businesses. Also read: Bittrex […]

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Russia Regulates Digital Rights, Advances Other Crypto-Related Bills

Russia Regulates Digital Rights, Advances Other Crypto-Related BillsAfter much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy. The country, heavily dependent on energy exports and hurt by Western sanctions, needs alternative sources of revenue […]

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French Regulator Blacklists More Fraudulent Crypto Businesses

French Regulator Blacklists More Fraudulent Crypto BusinessesAMF, France’s financial regulator, has expanded its list of entities involved in fraudulent activities often related to cryptocurrency investments. The agency has added 21 new websites most of which have been luring French investors with offers to participate in token sales and digital assets trading. Also read: Russian Crypto Groups in Telegram Increase Membership Despite […]

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The Daily: Minsk Mulls Rules for Exchanges, Qiwi Awards Employees with Tokens

The Daily: Minsk Mulls Rules for Crypto Exchanges, Qiwi Awards Employees with TokensIn today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. We’ve covered the decision of the Russian payment provider Qiwi to motivate its employees with tokens. The Daily also features crypto news from China and Canada. Also […]

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US Ranked Top Destination for Coin Offerings, Majority of ICOs Identified as Scams

US Ranked Top Destination for Coin Offerings, Majority of ICOs Identified as ScamsThe US remains a leading destination for ICO projects according to a new study that also ranks Switzerland and Singapore in the top three. The report notes that authorities in other jurisdictions, like Russia and Estonia, are working to adopt favorable regulations in order to attract more crypto startups. The findings coincide with another study […]

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Less Than Half of ICOs Survive Four Months After Sale, Study Finds

Less Than Half of ICOs Survive Four Months After Sale, Study FindsNew academic research has concluded that more than 50 percent of crypto projects raising capital through ICOs do not make it through to the fifth month after the token sale. The study also suggests that investors get the best return on their money if they sell the coins within the first month of trading, while […]

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Draft Regulating ‘Electronic Money’ Prepared in Romania

Draft Regulating ‘Electronic Money’ Prepared in RomaniaA draft ordinance aiming to regulate the issuance of “electronic money” has been presented in Romania. The document authored by the Finance Ministry specifies the entities that can act as issuers and clarifies the conditions under which e-money can be emitted. While it does not specifically mention cryptocurrencies, some of its definitions and provisions can […]

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The Daily: Complicated Crypto Purchasing Puts Off US Investors, Analysis Confirms – ICOs Spike

The Daily: Complicated Crypto Purchasing Puts off US Investors, Analysis Confirms - ICOs SpikeSome potential investors find the process of acquiring cryptocurrencies rather complicated, according to a new survey conducted among US residents. Despite that finding, and other obstacles, another study confirms the recently reported increase in capital raised through coin offerings this year. Also in today’s Bitcoin in Brief, the Swiss city of Zug concludes successfully its […]

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