QuadrigaCX Victims Request Proof of Gerald Cotten’s Death by Exhuming Body

Canadian law firm Miller Thomson has made a request to the Royal Canadian Mounted Police (RCMP) to conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten, the deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX.

On Dec. 13, the Miller Thomson lawyers explained in a letter to the RCMP that the request to exhume and examine Cotten’s body was appropriate given the “questionable circumstances surrounding Mr.

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TikTok Owner Reportedly Working With Chinese State Media on Blockchain

Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that include blockchain and artificial intelligence (AI), Bloomberg reported on Dec. 14. 

TikTok may use blockchain and AI to fight Deepfakes

The joint venture was launched in the capital of eastern China’s Shandong province,

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Lisk's Lightcurve Lays Off 40% of Workforce to Decrease Overheads

Blockchain development studio Lightcurve — a part of the Lisk open-source blockchain application platform — laid off 40% of its workforce earlier this week. Lightcurve and Lisk co-founder, Max Kordek, announced the decision earlier this week on Discord, citing a need for the project to cut costs.

The job losses represent 21 of Lightcurve’s 53 employees,

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Bitmain Expands in South America as Its Market Share Drops to 66%

Bitmain, the world’s largest cryptocurrency mining firm, is expanding its distribution in South America by partnering with two crypto mining consulting firms.

The Chinese mining mogul will extend its global exposure with Fastblock, which will be the primary distributor in Brazil, and Bit5ive, a Miami-based firm that will be distributing Antminers to over 30 countries in Latin,

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China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division

China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative.

Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director at the China Securities Regulatory Commission’s (CSRC) first technology supervision department,

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Soccer Teams Like Juventus Look to Score With Blockchain Push

On Dec. 2, Italian soccer giant Juventus revealed that the long wait for its much-hyped fan token had finally come to an end. In regard to the matter, news of the deal first came to light back in 2018, when it was revealed that the token would allow holders to take part in a host of voting and polling-related decisions.

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A Reality Check: Blockchain and DLT in International Trade

Distributed ledger technology, colloquially termed “blockchain,” is making a bold promise to help bring the trade industry into the digital age. To help shed light on the intricate workings of the technology and the role that it is playing in the international trade industry, Trade Finance Global partnered up with the World Trade Organization earlier this month to produce a 56-page report titled “Blockchain &

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Top-5 Cryptos This Week: XTZ, ATOM, XRP, XMR, BNB

The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their clients and other eligible investors. 

The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.S.

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Ex Italy’s Economy Minister on ‘Transition From Old Coins to New Coins’

During the Code4Future conference, the first event in Italy dedicated to the concept of open innovation held at the Talent Garden in Rome, the former Minister of Economy and Finance Giulio Tremonti — currently president of Aspen Institute Italia — expressed his thoughts regarding the future of digital payments and the advent of cryptocurrencies.

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Japanese Financial Giant SBI Holdings Considers Paying Dividends in XRP

Japanese financial services giant SBI Holdings is considering to pay shareholder dividends in the form of XRP tokens, following the same practice by its subsidiary MorningStar.

After MorningStar started offering its shareholders dividends in XRP earlier this year, SBI CEO Yoshitaka Kitao revealed that the company is now considering to follow suit,

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Russian Smelting Giant Begins Testing Digital Trading Platform

Russian mining and smelting giant Nornickel has commenced testing its digital platform for metals trading.

As Bloomberg reported on Dec. 5, Nornickel began trialing its platform for digital metal tokens in collaboration with physical commodities trading group Trafigura Group Ltd., metals finance and logistics firm Traxys SA and materials technology and recycling group Umicore SA.

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Gemini Hires Former Starling Bank Exec for Push Into Europe

Gemini, the top global cryptocurrency exchange per CryptoCompare’s latest Exchange Benchmark, hired a former senior executive from United Kingdom-based Starling Bank.

Julian Sawyer, a former CEO and co-founder at Starling, will now lead Gemini Europe — the European affiliate of Gemini Trust Company — as the managing director of the U.K. and Europe,

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PlusToken Effect: Alleged Asian Exit Scam to Blame for Market Decline?

In the last week of November, the saga of an alleged crypto Ponzi scheme that has been lingering for more than half a year took a new turn. A hobbyist blockchain researcher reported on Twitter that he’d tracked almost 200,000 BTC that had gone missing over the summer, when several million people invested in PlusToken — a South Korea-based exchange and a high-yield investment program — found themselves unable to withdraw their money. 

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SoftBank Releases Debit Cards With Built-In Blockchain Wallet

Japanese holding company SoftBank has introduced a new debit card featuring a built-in cryptocurrency wallet.

According to a press release on Dec. 1, SoftBank developed a debit card featuring a built-in blockchain wallet in collaboration with United States-based wallet card developer Dynamics. The new product is called SBC Wallet Cards and can be used as a traditional debit card or blockchain wallet.

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European AML Regulations Follow the US Path With a Six-Years' Delay

In January 2020, the regulatory landscape for crypto businesses will completely change in the European Union in comparison with the last decade — and these changes will touch all those who store clients’ crypto funds or provide fiat-to-crypto exchange services, at minimum.

Not long ago, the Anti-Money Laundering regulations were extended to cover cryptocurrency custodian wallet service providers and crypto-to-fiat exchanges in the EU.

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Largest Indian State to Pilot Blockchain-Based Solar Energy Trading

The Indian state of Uttar Pradesh (UP) will pilot a peer-to-peer (P2P) solar power trading project in partnership with Australian blockchain energy company Power Ledger.

The state power utility UP Power Corporation Limited and UP New and Renewable Energy Development Agency have partnered with Power Ledger to launch a trial of P2P solar energy trading to examine its practicability,

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Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges

Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the Office of the Comptroller of the Currency.

As CNBC reported on Nov. 27, Robinhood voluntarily decided to withdraw its application with the regulator due to the challenges the company could face in receiving a charter. A spokesperson said that “Robinhood will continue to focus on increasing participation in the financial system and challenging the industry to better serve everyone.”

Robinhood applied for a bank charter with the United States Office of the Comptroller of the Currency in April,

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Indian Government to Issue National Blockchain Strategy

The Indian government is working on a national blockchain strategy in order to expand the technology’s adoption in the country. 

As the India Times reported on Nov. 27, India’s Ministry of Electronics and Information Technology (MeitY) said that it recognizes the potential of blockchain technology and the need for the development of a shared infrastructure to carry out related use cases.

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BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT

Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph on Nov. 14. What will the new cryptocurrency look like, how does the BRICS group plan to use it and are there any existing projects underway that seek to achieve a similar goal of independence on such a high level? 

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89% of Chinese Blockchain Firms Have Tried to Issue Crypto: Report

89% of China’s blockchain firms have allegedly tried to create their own cryptocurrency, according to a senior exec at a local blockchain association. 

According to the state-run CCTV on Nov. 21, Yedong Zhu, the president of the Beijing Blockchain Technology Application Association (BBAA), revealed that the vast majority of blockchain industry in China is focused on tokens,

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Top-5 Cryptos This Week: Bitcoin (BTC), XTZ, LEO, XRP, BSV

The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was close to its previous all-time highs.

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Crypto Asset Diversification Vs. All Eggs in One Basket

What’s an effective way to diversify a crypto portfolio? Are crypto assets able to be diversified at all? These are the questions that many “Hodlers” have been asking. The slow bleed of Bitcoin (BTC) and other major cryptocurrencies prices has been challenging investors and their holding powers. Despite BTC still able to maintain its 112% year-to-date gains so far — thanks to the massive bull run in the second quarter and the recent China-inspired rally — the recent price correction could pressure some of the latecomers.

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Tezos Partners With Singapore Gov’t Blockchain Platform for Training Program

Tezos has partnered with Singapore government-backed blockchain platform Tribe to jointly launch a training program for developers on the Tezos blockchain.

According to a Nov. 21 blog post, Tezos’s non-profit arm Tezos Southeast Asia (TSA), which is dedicated to promoting Tezos in the region, collaborated with Tribe in order to attract more developers to create Tezos blockchain-based solutions for real-world applications.

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Binance.US Now Provides Institutional Liquidity to Crypto Brokerage Firm Tagomi

Binance’s cryptocurrency trading platform for United States-based users, Binance.US, has partnered with crypto brokerage firm Tagomi to provide institutional liquidity for its users.

The partnership was announced in a Nov. 21 press release, detailing that Binance.US will now offer institutional liquidity for Tagomi’s users, including quant funds, venture funds, family offices, individual retirement accounts and high-net-worth individuals.

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