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“# Understanding the EU’s 6AMLD and the risk to your business ” In January 2020, the European Union released its Fifth Anti-Money Laundering Directive to increase transparency while tackling fraud, money laundering and cybercrimes. The 5AMLD extended the scope of customer due diligence checks, introduced domestic and politically exposed persons, extended the creation of central…
“# Mission-driven cryptocurrency requires an active commitment to equity ” On Sept. 27, Coinbase CEO Brian Armstrong sought to center his employees’ work around the company’s core mission: “to bring economic freedom to people all over the world.” Armstrong argues for a narrow interpretation of Coinbase’s mission to build the best possible product because it…
“# Bitcoin genesis block is the ‘New Testament’ of finance ” “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.” For Christians, who much of…
“#First presidential vote cast using blockchain technology” With the 2020 presidential election less than a few weeks away — encumbered yet again by questions and concerns surrounding ballot security and fraud — revolutionary blockchain voting technology is being piloted in small pockets of the country. And Tuesday marked the first time a vote has ever…
“# Bitcoin’s Taproot is ready to go, but it’s unlikely to be included in the next release ” The Bitcoin Improvement Proposals 340 through 342 were merged into the Bitcoin codebase on Thursday, signaling that the anticipated Taproot upgrade is ready. Taproot and the associated technology of Schnorr signatures are considered to be the most…
“#Google launches new features to help locate nearest voting locations” Google said on Friday it was introducing new features across its search engine, Maps and voice assistant to help voters in the United States find their nearest voting locations. Details on in-person voting or returning mail-in ballots can be found under searches with “early voting…
“# Top Chinese chemical firm uses blockchain to cut trade financing costs ” One of China’s largest chemical producers has launched a new Blockchain Warehouse Receipt Platform to help the industry combat the rising costs of operations and trade financing. An increased demand for more environmental and safety measures amid the pandemic has further driven…
“# Five Russian banks express interest in piloting digital ruble ” A number of financial institutions in Russia have expressed interest in testing the country’s central bank digital currency, or CBDC. According to an Oct. 16 report by local news agency Izvestia, at least five Russian banks are interested in taking part in Russia’s non-public…
“# Former PwC partner to launch New Zealand ‘Power Dollar’ stablecoin ” New Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ Distributed Ledger Technology. The ‘Power Dollar’ is not government backed…
“# Redditors are now spam-farming Bricks and Moons ” A new form of crypto-agriculture appears to be taking shape, with Reddit’s “community points” tokens facilitating the emergence of spam-farming. Reddit’s community points are given to users based on their activity within a given subreddit, with the feature currently activated for the platform’s cryptocurrency and Fortnite…