In a record money laundering scandal, the Danske Bank CEO has resigned. An incredible 200 Billion Euros passed through an Estonian Danske Bank branch from 2007 to 2015. CEO Thomas Borgen left his position while saying that he did nothing wrong from a legal perspective. He did, however, admit that “Danske Bank had failed to live up to its responsibility.” Danske Bank is … [Read more...] about Danske CEO Resigns Amid Largest Money Laundering Scandal in European History
Archives for September 2018
On September 26th, the Securities and Exchange Commission (SEC) announced that it was launching charges against 1Broker, also known as 1Pool Ltd. As per the official SEC press release, the SEC declared that the charges were brought for “allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins.” Surprise charges on … [Read more...] about 1Broker Hit by SEC – Domain Seized by FBI
For the past month, reports have been circulating in the media that the Reserve Bank of India (RBI) is creating a task force and undertaking an AI and blockchain research project. The news first circulated in the Economic Times, a prestigious newspaper. The article cited “two people familiar with the matter.” However, it appears that the RBI is not creating any blockchain … [Read more...] about RBI Has Not Created Any Type of Blockchain Research Unit
One of the most draconian pieces of crypto legislation thus far has just passed the House of Representatives. HR 5306 is an amended version of a bill put forward last January. The purpose of the bill is to establish an ‘Independent Financial Technology Task Force’ in a bid to combat crimes involving cryptocurrency. The act is titled the ‘Financial Technology Protection … [Read more...] about Chilling Crypto Legislation Passes House of Representatives – ‘Financial Technology Protection Act’
In an auction next week, Austria is set to issue USD 1.35 Billion in government bonds on the Ethereum blockchain. OEKB, one of Austria’s largest banks, is set to manage the Ethereum blockchain service and facilitate the government bond auction. Ethereum and the Austrian government bond issuance This issuance will be the first time a blockchain-based service of this nature … [Read more...] about Austrian Government Bond Auction to be Completed Using Ethereum Public Blockchain
Crypto Disrupt got the chance to speak to Blue Whale CEO Will Lee earlier this week as he prepares for a TED Talk in a couple of weeks.The freelance economy is booming, and with those numbers set to continue rising into 2019, independent workers are looking to see how they can improve their working lives.Pensions, paid time off, and insurance are all issues that have … [Read more...] about Empowering the World’s Freelance Community – an Interview With Will Lee of Blue Whale
Two Washington strategists have indicated that North Korea is making increased use of cryptocurrency in a bid to evade US sanctions. According to Lourdes Miranda and Ross Delston writing in the Asia Times -“DPRK can create their own crypto-currencies or use established ones like Bitcoin. Having their own crypto-currency would also facilitate their ability to open online … [Read more...] about North Korea Using Crypto to Avoid US Sanctions – The End of American Hegemony?
One of the most eagerly anticipated applications of blockchain is that of the organic food industry. There have been numerous scandals involving certain types of food and a large question of product mislabelling. With increased numbers of people getting sick and suffering from allergies, the public is starting to wonder what really resides in the food they are eating, and are … [Read more...] about A Silver Lining for a Failing Food Industry – Walmart Blockchain to Trace Leafy Greens
Tether is a significant element of the cryptocurrency market. Numerous exchanges stock it and also give it the status of being a trading pair. Its market cap is so high that it has managed to make it as a top ten coin. It also receives large quantities of news coverage, even from mainstream outlets such as Bloomberg. While these sound like good things, so far they have only led … [Read more...] about Can Dai Bring Confidence to the Stablecoin Industry?
It would seem the trend of September 2018, is to have numerous unexpected, sharp rises and falls— the actions of the last few days are following this pattern. On September 21, bitcoin rose impressively from $6,514 to $6,766, a 3.8% rise. However, since then it has moved downward. On September 25 it fell from $6,631 to $6,385. Bitcoin’s decline has triggered most altcoins to … [Read more...] about Bitcoin’s Decline Leads to a Modest Downturn
According to the Diar research firm, government agencies (namely the IRS) have collectively spent USD 5.7 Million on blockchain tracking analysis. The money was spent on blockchain analysis tools to understand how people are using cryptocurrency and to see if they have been avoiding taxes. Blockchain tracking analysis spending by various government agencies The Internal … [Read more...] about US Government Agencies Spending Millions on Blockchain Tracking Analysis
Artificial Intelligence is one of the hottest topics on the planet right now. Tesla owner Elon Musk has recently made a number of statements about the dangers of artificial intelligence and on the importance that humanity proceeds with caution in a new and hazardous field.Mind AI is one of the first companies to propose an early merger of artificial intelligence and … [Read more...] about Mind AI – Putting Artificial Intelligence on the Blockchain
Following a campaign by both Crypto Disrupt and the team over at LEXIT, a blockchain-based marketplace for the sale of intellectual property, to find out exactly what it is that people love about crypto, the answers given were fascinating!The world of cryptocurrency and blockchain was described as a “financial revolution” of sorts, and “the future of business and … [Read more...] about What Do People Love About Crypto? LEXIT and Crypto Disrupt Asked the Question!
Cryptocurrencies are largely regarded as operating outside of the regulatory sphere and typical government channels. This is because they do not rely on government or any real form of regulation to succeed, as they are orientated towards new paradigms without interference from centralized authorities. However, new research from the Bank of International Settlements (BIS) is … [Read more...] about Crypto Prices Highly Correlated to Mainstream Regulatory Announcements
It goes without saying that the world of cryptocurrency is rife with scams and hacks but even by these standards, BitConnect is one of the biggest of them all, executing a classic Ponzi scheme and embezzling thousands of investors. What is most notable about the BitConnect scheme is that it was so clearly and obviously fraudulent, denounced at the outset by many within the … [Read more...] about The BitConnect Story and How Easy it is to Fool Investors
The bitcoin billionaire Winklevoss twins, founders of the US-based Gemini exchange, are looking to the United Kingdom for cryptocurrency expansion.A report in the Financial Times reveals Gemini has recruited advisors in relation to expanding its offerings to the UK and is likely to apply to open a cryptocurrency exchange to the UK’s regulatory body the Financial Conduct … [Read more...] about Winklevoss Twins Look to the UK For Cryptocurrency Expansion
The Satis Group research firm has released more information about the cryptocurrency trading industry. According to the research undertaken, cryptocurrency trading in 2018 is set to overtake US corporate debt trading. Additionally, cryptocurrency trading is expected to grow by over 50% in 2019 with a compound annual growth rate (CAGR) of 9% through 2028. The report was titled … [Read more...] about Cryptocurrency Trading in 2018 to Overtake US Corporate Debt
News has emerged that Italian football club Juventus have launched a Juventus fan token in partnership with blockchain and crypto platform socios.com, which has previously inked a similar deal with French football club Paris Saint Germain.Juventus is widely regarded as one of the biggest football clubs on the planet, boasting some 340 million supporters all over the globe, … [Read more...] about Italian Football Giants Juventus Create Official Juventus Fan Token
Bitmain, the leading Bitcoin and cryptocurrency mining hardware producer, has announced a new mining rig designed specifically for use on the Decred network. The Antminer DR3 is an ASIC miner. News of this has been received with mixed reactions from fans of the Decred community, with some favoring the move as it should bring more efficiency to the blockchain, and others … [Read more...] about Antminer DR3 — Bitmain’s Next Target Is Decred
After having a reasonably positive few days, the cryptocurrency market has almost managed to stabilize for a short period. From September 21 to September 23, there were only tiny market fluctuations for the global cap, as well as most coins and tokens. The fluctuations may have been of minor concern to day-traders, but for most other investors they were nothing to worry about. … [Read more...] about Market Fluctuates After Recent Upturn