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  • Ukraine’s Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software

    Ukraine’s Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software

    News
    Ukraine’s Ministry of Digital Transformation signed a deal last week with BitFury’s crypto-tracing spin-off Crystal Blockchain B.V. to kick-start the government’s virtual asset monitoring initiative, a company executive told CoinDesk. Crystal Chief Executive Marina Khaustova said ministry officials, who oversee Ukraine’s digital pivot and maintain links with the Ministry of Finance, will use the company’s software to trace the origins of suspicious crypto transactions.  Finance ministry officials have previously said they will trace all crypto transactions…
  • Malaysian Watchdog Plans to Extend Crypto Regulations to Wallet Providers

    Malaysian Watchdog Plans to Extend Crypto Regulations to Wallet Providers

    News
    Malaysia’s Securities Commission (SC) is planning a regulatory framework for wallet providers that will be built into its existing cryptocurrency legislation. In an announcement Thursday, the SC said it was looking to "compliment" its existing frameworks for digital asset exchanges and initial exchange offerings with the inclusion of wallet providers. While the commission offered no details of how the new framework might look, such entities play an important role in safeguarding of digital assets on behalf…
  • Blockchain Bites: Ghosn’s Crypto Payments, Russia’s Red Line and Why Banks Won’t Bite

    Blockchain Bites: Ghosn’s Crypto Payments, Russia’s Red Line and Why Banks Won’t Bite

    News
    Cryptographers call out Craig Wright’s latest claims, blockchain business deposits are growing at Signature and Carlos Ghosn’s smugglers were paid in crypto. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Cryptic PaymentsThe son of former Renault and Nissan head and fugitive Carlos Ghosn used Coinbase to pay two men $500,000 in bitcoin to get…
  • Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore

    Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore

    News
    The Office of the Comptroller of the Currency (OCC), a federal banking regulator in the U.S., is rapidly expanding crypto awareness on Capitol Hill. The OCC published an interpretive letter Wednesday announcing that in its view, nationally chartered banks are able to provide custody services for cryptocurrencies, a move that the industry widely praised as one that could help mainstream adoption of crypto, even though it’s unclear as to whether banks will immediately act  on the…
  • French Officials Move to Start Trial of Alleged BTC-e Operator Alexander Vinnik

    French Officials Move to Start Trial of Alleged BTC-e Operator Alexander Vinnik

    News
    French officials have officially started the ball rolling for the trial of Alexander Vinnik, the alleged operator of an exchange said to have laundered millions of dollars for criminals. French prosecutors filed a petition to start the lawsuit against Vinnik on Wednesday, according to a news report from L'Express. Vinnik was charged on the day he arrived in France in late January after been extradited from Greece. He stands accused of extortion, aggravated money laundering, conspiracy,…
  • Ether Leaves Bitcoin Behind With 2020 Gain of Over 100%

    Ether Leaves Bitcoin Behind With 2020 Gain of Over 100%

    News
    Ether, the second-largest cryptocurrency by market value, has more than doubled in value this year, leaving bitcoin, the crypto market leader, far behind.  Ether is trading near $275 at press time, representing a nearly 114% gain on a year-to-date (YTD) basis, according to CoinDesk’s Ether Price Index.  The cryptocurrency clocked a five-month high of $289 on Thursday despite increased exchange inflows. Ether’s YTD rise is over three times bigger than bitcoin’s 34% 2020 rally. bitcoin, the…
  • Carlos Ghosn’s $600K Bitcoin Escape Fee Paid via Coinbase

    Carlos Ghosn’s $600K Bitcoin Escape Fee Paid via Coinbase

    News
    The son of former Renault and Nissan head and fugitive Carlos Ghosn used Coinbase to pay two men $600,000 in bitcoin to get his father out of Japan last December. U.S. prosecutors said Wednesday that Anthony Ghosn sent 63 bitcoin to Michael and Peter Taylor, a father-and-son team who smuggled Carlos Ghosn out of Japan on Dec. 30, 2019. Coinbase gave evidence to Japanese investigators this week (see below), showing a series of transactions between January…
  • First Mover: Crypto’s $35T Moment Could Come From Analog-World Stock Listings

    First Mover: Crypto’s $35T Moment Could Come From Analog-World Stock Listings

    News
    The stock market isn’t usually considered an ally of cryptocurrencies, but with the big U.S. exchange Coinbase now rumored to be considering a share listing, some digital-asset industry insiders say a move toward more public ownership could accelerate mainstream adoption.  By becoming publicly traded, cryptocurrency-focused companies could appeal to investors in the $35 trillion U.S. stock market. Back-of-the-envelope math shows that just a 1% allocation into crypto stocks could mean $350 billion of new investments for companies in the space. Compare…
  • Binance’s Fiat-Gateway Partner Banxa Expanding to US

    Binance’s Fiat-Gateway Partner Banxa Expanding to US

    News
    Digital banking infrastructure provider Banxa is making a move into North American markets. In a strategic partnership announced Thursday, Australia-based Banxa plans to leverage custody and settlement infrastructure from exchange platform Zero Hash to provide the regulatory and technology means for its expansion. The partnership will see Banxa expand its fiat gateway API solutions for exchanges, wallets and other crypto-related businesses across North America. Banxa's CEO, Holger Arians, said the startup was in the final stages…
  • Dash Core Group to Release Next Update, to Launch Testnet By Yearend

    Dash Core Group to Release Next Update, to Launch Testnet By Yearend

    News
    The Dash Core Group plans to release another update for its Dash platforms near the end of August, the company announced. The group recently came out with its third release for its newly defined process.  New functionalities to the Dash platform are released every six weeks so the next will launch between August 25 and September 8. As always, the most recent release means all data on Evonet has been wiped. The newest updates features document…