Binance Announces Ruble Trading at Russian Gov't-Sponsored Event

Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble.

Adding ruble support in “about two weeks”

The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at a Russian government-led event, the Open Innovations Forum in Moscow on Oct.

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G20 Finance Leaders: Stablecoins Present Serious Regulatory Risks

The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks.

On Oct. 18, Reuters reported that the G20, an international forum for the governments and central bank governors from 19 countries and the European Union, have called upon the International Monetary Fund to examine various macroeconomic implications of global stablecoins,

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Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.

The public nature of this announcement did bring questions to the fore regarding the use of payment channels like Alipay and WeChat for crypto trading.

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Ex-CEO of Google Africa: Bitcoin a ‘Gift’ That Will Change Humanity

Computer scientist and general manager of WeWork South Africa, Stafford Masie, has said that Bitcoin (BTC) will change the future of humanity more than any other technological innovation. 

In a keynote delivered at the SingularityU South Africa Summit on Oct. 16, Masie — formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically.

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Major Singapore Bank Completes First DLT Trade Financing Transaction

A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction.

The transaction was processed using blockchain and Internet of Things (IoT) platform developed by local trade financing firm iTrust Trading, Yahoo Singapore reports Oct. 17.

By applying iTrust’s blockchain-based IoT,

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NBA-China Scandal Crashes Nike Sneaker-Backed Crypto Token Price

A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the fallout between the NBA and China.

As Reuters reports on Oct. 16, the anonymous trader’s Weibo post from earlier this month had shone a spotlight on an apparent 10% crash in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a United States-based exchange.

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Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider Cryptoindex. The news was revealed in a press release shared with Cointelegraph on Oct. 15.

Neural network-based analysis

CIX100 is a crypto market benchmark that analyzes uses a neural network algorithm to analyze data for the top 100 cryptocurrencies,

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N. Korean Hackers’ New MacOS Malware Hides Behind Fake Crypto Firm

The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs that masquerades behind a fake cryptocurrency firm.

Apple Mac security specialist and principal security researcher at Jamf Patrick Wardle published a blog post on Oct. 12 outlining the nature of the malware, revealed by MalwareHunterTeam (MHT) researchers the previous day.

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‘Hurun China Rich List 2019’ Features 12 Crypto Magnates

“Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates.

The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder of competing OKCoin — Star Xu.

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TZero-Backed Startup Wants to Launch Security Token Market

Boston Security Token Exchange (BSTX), a platform jointly owned by BOX Digital Markets and Overstock’s blockchain arm tZERO, has filed an application with the United States Securities and Exchange Commission (SEC) to approve the launch of a market for publicly traded registered security tokens.

In the rule change proposal released by the SEC on Oct.

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Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low

Malaysia’s finance ministry says both domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector has garnered.

In its Economic Outlook 2020 report released today, the ministry nonetheless noted that several prominent firms in key economic sectors had taken steps toward digital currency adoption, according to a business news report from Bernarama on Oct.

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Japan Security Token Offering Association: The Way of Self-Regulation

Security token offerings, or STOs, have more or less taken the mantle from their semi-defunct counterpart, the initial coin offering (ICO). Still, the extreme rise and subsequent fall of the ICO has left quite an impression on the cryptocurrency industry.

At its peak prevalence in 2017, this novel fundraising prototype accumulated a total of $6.2 billion — but it wasn’t set to last.

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Maker Foundation’s Multi-Collateral Dai to Launch on Nov. 18

Rune Christensen, the CEO of the Maker Foundation, has revealed that the Multi-Collateral Dai (MCD) system will be ready to launch on Nov. 18.

Speaking at Devcon 5 in Osaka, Japan, Christensen urged all holders of MakerDAO’s MKR token to cast their votes on November 15.

Dai Savings Rate, new CDPs

MCD is a decentralized blockchain-based system designed to encompass Maker smart contracts,

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Cryptocurrency Donations to Politicians Legal In Japan Says Internal Affairs Minister

Cryptocurrency donations to political parties received a thumbs up from Japan’s internal affairs and communications minister Sanae Takaichi at a press conference Tuesday.

According to a report by local media Kyodo News and syndicated by Reuters, Takaichi said political donations in cryptocurrency do not have to be disclosed under the Political Funds Control Law,

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Ex-Federal Prosecutor: US Blocking Libra Has National Security Implications

Ex-federal prosecutor and now Andreessen Horowitz partner Katie Haun has argued that the United States blocking Facebook’s Libra digital currency will have national security implications.

Haun’s comments were reported in a CNBC profile published on Oct. 6.

“Frankly a dangerous precedent” to shut Libra down

Andreessen Horowitz is a founding member of the Libra Association,

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South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. 

Meanwhile, local politicians and regulators have started lobbying a new set of regulations,

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US Response to Facebook’s Libra Is ‘Ridiculous,’ says Coinbase CEO

Brian Armstrong, CEO and co-founder of major crypto exchange Coinbase, tweeted on Oct. 5 that he expects the United States government to react to China’s stablecoin project by reconsidering its “ridiculous” response to Facebook’s Libra digital currency.

The U.S. government wants to be left behind

In his tweet, Armstrong said he believes that “the way the U.S.

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CMBI Partners With Sequoia-Backed Startup to Develop DeFi Services

China Merchants Bank International (CMBI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation.

A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing decentralized finance (DeFi) applications and helping Nervos to grow its network in the financial services industry.

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Bithumb Global to Launch Regulated Crypto Exchange in India: Report

South Korean exchange Bithumb’s international platform Bithumb Global is looking to establish a regulated cryptocurrency exchange in India.

The firm is planning to expand its services to India by partnering with local crypto exchanges, funding local blockchain startups and working on new industry initiatives, local media outlet The Economic Times reports Oct.

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Altcoin Platform Coinexchange.io Closes For Financial Reasons

Altcoin trading platform Coinexchange.io has announced that it is shutting down due to financial difficulties.

In an official announcement on Oct. 1,  the platform noted that the closure was purely a business decision and is not connected to any security breach or other incident.

No longer economically viable

Coinexchange.io is currently seeing daily traded volumes of roughly $700,000,

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Rakuten, SBI, Monex Launch Japan STO Association: Official

Six major Japanese brokerage firms such as SBI Securities and Rakuten Securities officially established Japan Security Token Offering (STO) Association.

The four other members of the new association include Nomura Securities, Daiwa Securities, Kabu.com Securities and Japan’s financial giant Monex, who officially announced the news on Oct. 1.

Headquartered in Tokyo,

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Bitcoin Price: 2 Key Indicators Hint that a Bear Market is on the Cards

Last week was a tough week for Bitcoin (BTC) as sentiment shifted from bullish to bearish after the price fell from just under $10,000 to below $8,000 in a matter of hours on Sept. 24. After a brief bounce, Bitcoin hovered around $8,400 for 48-hours before the final drop to $7,740 came. 

This produced a storm of tweets from bulls like Anthony Pompliano and bears like Peter Schiff took the opportunity to gloat about the cyclical misfortune Bitcoin frequently provides it’s supporters.

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How Crypto Gambling Is Regulated Around the World

The Japanese House of Representatives recently passed new crypto asset regulation affecting exchanges and custodians — the Payment Services Act and the Financial Instruments and Exchange Act. However, the country’s crypto gambling industry still endures strict gambling regulations. 

“Japan has very strict rules regarding gambling and the same applies to crypto gambling,” Joseph D.

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Employee Fined For Mining BTC on Nuclear Research Center Supercomputer

An employee at a nuclear research center in the closed town of Sarov in Russia was fined for illegally mining Bitcoin (BTC).

Convicted to pay $7,000 fine

According to a Sept. 27 article by Russian news outlet Meduza, a man was fined 450,000 rubles ($7,000) for trying to mine Bitcoin by using a petaflop-capable supercomputer at his workplace,

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ING Chief Economist: Libra Accelerating Central Banks’ Crypto Plans

The chief economist of Dutch multinational banking and financial services giant ING says that Facebook’s plan to launch a digital currency has put pressure on central banks to launch their own.

In an article and video interview published on ING’s THINK portal on Sept. 27, Mark Cliffe said that there was “some urgency in the policy community” sparked by Facebook’s unveiling of the Libra stablecoin,

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