TokenPost reporter
Melvin Alfred Wong
Stories by Melvin Alfred Wong
- CipherTrace, Shyft partner to develop new blockchain solution to ensure compliance with FATF rules
Blockchain security company CipherTrace is going to roll out a new solution, which is intended to help cryptocurrency firms comply better with the new Financial Action Task Force (FATF) guidelines.
· Technology
- Golem announces new initiative to pursue innovative, experimental and riskier research
Golem, the entity that is known for developing decentralized CPU power, recently announced that it is branching off with a new focus in mind called the Golem Foundation. It will be testing the waters to see if its new…
· Technology
- Kik hands over Defend Crypto initiative to Blockchain Association
Messaging giant Kik has announced that it is handing over Defend Crypto to the Blockchain Association.
· Business
- Reserve Bank of India appears keen on blockchain but not on crypto
It was recently reported that the Reserve Bank of India (RBI) is developing blockchain technology through its Institute for Development and Research in Banking Technology (IDRBT). This is intended to create a decentra…
· Technology
- New Coinbase survey of US crypto adoption paints encouraging picture
While cryptocurrency is relatively new in the finance industry compared to fiat and traditional banking sectors, a new survey indicates that interest in the nascent field is on the rise. In fact, the data indicates th…
· Insights & Views
- New Netflix documentary to give other crypto coins more exposure
The online streaming giant Netflix has already done a documentary on cryptocurrency before but it was largely focused on bitcoin, with other coin offerings only peripherally addressed. Now, reports of a new filming in…
· Insights & Views
- Clean energy company to use blockchain for green power credits
Blockchain has had a presence in the energy industry for some time now and a recent participant is Clearway Energy Group. As one of the biggest entities in the clean energy industry in the U.S., its role in growing th…
· Technology
- New billionaire joins crypto game as sign of increasing acceptance
Billionaires who have made their fortunes by trading in stocks have historically expressed distaste for cryptocurrency. However, there have been members of this elite tier that have decided to break off from their pee…
· Business
- Binance kissing up to Facebook, thinks Libra is ‘good news’
It was inevitable that crypto exchanges like Binance would look upon the prospect of Facebook Libra with favor because of its potential to absolutely dominate the field. This is why it is trying to get ahead of the ga…
· Business
- Ripple’s MoneyTap counts seven new bank participants for payment platform
The payment platform that Ripple launched in Southeast Asia MoneyTap recently added another seven new banks as participants. The transfer service is seeing quite a bit of success in the region after it added 13 instit…
· Business
- Gemini creates Chicago engineering branch, hires five ex-Coinbase engineers
Gemini, the crypto exchange platform by the Winklevoss brothers has announced that it will be creating a branch office in Chicago. This location will be focused on engineering and to that end, the firm just hired five…
· Business
- Swiss bank Dukascopy launches stablecoin
As an industry first, the Swiss banking institution Dukascopy has announced that it is launching a stablecoin called Dukascash. This will serve as a supplementary coin for the bank’s crypto ambitions alongside its own…
· Technology
- Morgan Stanley CEO dismissive of Facebook Libra but considers 28 partners threatening
When it comes to Facebook Libra, the reactions have ranged from excited to alarmed. In the case of Morgan Stanley CEO James Gorman, however, his outlook is a bit more dismissive than most. He basically does not think …
· Insights & Views
- New Celer partnership to make using blockchain stupidly easy
Celer is intent on making the prospect of using cryptocurrency or blockchain a lot less intimidating with its new partnership with Wyre. This partnership is to allow for seamless transactions with bitcoin using the Ce…
· Business
- Goldman Sachs surrenders to temptation, hints at crypto ambitions
JPMorgan Chase recently gave in to the allure of the crypto industry and announced its own take on the digital coins called JPM Coin. This clearly had an effect on other entrenched financial institutions since even Go…
· Business
- Twitch re-activates cryptocurrency payments: Report
Twitch, the online streaming service owned by Amazon that is particularly popular for gamers, previously took away the ability to support streamers via bitcoin. Now, there are reports that the platform was bringing it…
· Business
- Internet firms’ cryptocurrency initiatives could face scrutiny from antitrust regulators, says Germany’s Cartel chief
The alarm caused by Facebook upon the announcement of Libra has been widely reported and it has caught the attention of the Federal Cartel Office of Germany. The mistrust that regulators have with the biggest social m…
· Regulation
- New Ripple partnership represents major anti-money laundering move
Money laundering is a huge issue that is tied to cryptocurrency and is one that Ripple aims to address with a new partnership. The crypto entity will be teaming up with Coinfirm, a startup that provides anti-money lau…
· Business
- Crypto exchange Huobi goes big on Turkish expansion
Cryptocurrency exchange operator Huobi Group recently announced that it will be expanding its services to Turkey.
· Business
- Reserve Bank of India choking crypto growth, Koinex most recent casualty
The war that the Reserve Bank of India (RBI) is waging on cryptocurrency has resulted in yet another crypto exchange in the country closing down. Koinex recently announced that it can no longer sustain its business du…
· Business
- Brave to add crypto wallets into browser, teases bitcoin cash support
Privacy-focused web browser Brave is reportedly working to add wallets for several cryptocurrencies.
· Business
- New Kakao blockchain platform 'Klaytn' set to transform Southeast Asia
Blockchain technologies have a way of transforming entire industries and now, the subsidiary of South Korean tech giant Kakao, Ground X has launched its own blockchain platform.
· Technology
- 3Box check two huge boxes in privacy and decentralized information storage
In a recent successful round of fundraising, the blockchain startup 3Box raised $2.5 million. This was due to the central premise of the company’s service, which is to simplify login. Such a straightforward concept im…
· Technology
- First regulated tokenization announced by Seychelles securities exchange firm
The practice of tokenization of digital assets has been around for some time and Seychelles’ MERJ Exchange Ltd. may be the first company to bring it to the mainstream, regulated market. The firm just revealed that it …
· Investing
- Waves to launch smart contract initiative and dApps development
Waves Blockchain is poised to up its game by enabling the development of dApps and the offering of smart contracts that would then place it on the same level as Ethereum and other rivals. The upgrade is dubbed Node 1.…
· Technology
- Global telecom blockchain initiative announced, major carriers launching new platform
As a network of some of the world’s biggest carriers, ITW Global Leaders’ Forum (GLF) is a powerful entity with plenty of influence in various fields. This same group is now poised to launch a blockchain-based platfor…
· Business
- SEC to begin bitcoin ETF public discussions, ‘Crypto Mom’ gets her wish
In a recent announcement, the U.S. Securities and Exchange Commission (SEC) is finally scheduling a public discussion of a possible exchange-traded fund (ETF) using bitcoin. This has been something that many traders a…
· Regulation
- Lawsuit filed against Mt. Gox founder for allegedly misleading clients
Crypto enthusiasts might remember the scandal that was the Mt. Gox incident in 2014, where over $400 million worth of bitcoins were stolen. Since then, the founder of the crypto exchange, Jed McCaleb has had to conten…
· Regulation
- South Korea approves blockchain banking ID service
A recent announcement revealed that the South Korean Financial Services Commission (FSC) has given its approval for a blockchain-based ID system to be implemented in banking. Called my-ID by ICONLOOP, it is a method f…
· Regulation
- Israeli brothers arrested for 2016 Bitfinex hack, global retrieval effort underway
Two brothers of Israeli origin have been arrested recently for alleged crimes of stealing $100 million worth of cryptocurrency. The pair is accused of their involvement in the hacking of Bitfinex back in 2016, which w…
· Regulation
- Paysend acquires blockchain firm Rapid SD following stablecoin launch
Payment platform Paysend recently acquired Rapid SD Pty Ltd, an Australian startup that specializes in blockchain technology. The terms of the deal have not been disclosed yet.
· Business
- New partnership provides $100M insurance for crypto retirement plans
With cryptocurrency being used as a means of basically saving up for retirement now, Bitcoin IRA's recent announcement might make it quite appealing to retirees. It includes a $100 million insurance against theft or l…
· Business
- Facebook to face House and Senate inquiries over Libra
Facebook is no stranger to being called by the House of Congress and the Senate, with this happening several times in the past due to the social network’s controversial activities. This time, Mark Zuckerberg’s company…
· Regulation
- Kraken’s lofty promise pushes crowdfunding figure to over $13M
A recent crowdfunding round for cryptocurrency exchange Kraken has gone over $13.5 million, as of writing. That is $3 million over its initial goal but more than $1 million short of its second goal. This is considered…
· Business
- JPMorgan likely to pilot JPM Coin by year end
The considerable level of interest in cryptocurrency and its various incarnations has finally pushed JPMorgan Chase into pursuing a route in the nascent market. This is why it is planning to soon offer its own version…
· Business
- Walmart China using blockchain to convince shoppers of food safety
It was recently announced that Walmart China will be implementing a new blockchain initiative that is intended to keep track of items that will become available on its shelves in the near future. Many of these are foo…
· Technology
- eToro confirms eToken works with Facebook Libra
eToro recently tested if it can implement its asset tokenization in Libra, Facebook’s new cryptocurrency, and it turns out that it can. The trading platform said as much in a recent press release where it provided det…
· Technology
- Bitcoin ATMs now available in convenience stores across Arizona and Nevada
Improving access to cryptocurrency, a pilot project involving automated teller machines that process bitcoin transactions are now available in convenience stores in Arizona and Nevada. The project is courtesy of Digit…
· Business
- Belgium watchdog receives 1K crypto crime notifications
The Financial Services and Markets Authority (FSMA), a Belgian watchdog, has recently released a report documenting financial crimes notifications it received in 2018. In the report, the agency received a total of 2,0…
· Regulation
- Bakkt hires former Google consultant as pressures to release crypto product increase
The pressure for Bakkt – the cryptocurrency initiative meant to make the trading and investment using bitcoin easier – to release a crypto product is increasing. The project did receive funding worth $182 million to d…
· Business