Venezuela makes another attempt to revive petro
President Maduro has ordered all airlines operating from the capital Caracas to pay for fuel in the petro crypto as he looks to boost its uptake in Venezuela.
President Maduro has ordered all airlines operating from the capital Caracas to pay for fuel in the petro crypto as he looks to boost its uptake in Venezuela.
Singer Akon has finalized his plans for his Crypto City in Senegal, where blockchain and crypto will rule. However, his whitepaper is yet to be released.
Visa has announced that it has reached a deal to acquire Plaid in a $5.3B deal. Plaid connects fintech platforms, including crypto, to users’ bank accounts.
The Philippines has partnered with Japan in its efforts to build Asia’s crypto valley, focusing on securitization. The development includes an $80M airport.
ICOBox is alleged to have sold $14M worth of tokens in an ICO which the SEC claims was unregistered. The regulator is seeking $16M+ in disgorgement and fines.
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.
Cobinhood has announced that it’s shutting down for a month to allow time for auditing. Users can still reportedly withdraw their funds, but can’t deposit.
Brazilian banks are closing bank accounts belonging to crypto exchanges, following a ruling by the country’s regulator. Crypto industry has protested in vain.
Bithumb plans to invest $8M in the country’s regulatory sandbox in the crypto-friendly city of Busan, the first time an exchange will partner local gov’t.
The week witnessed a number of legal actions against blockchain and crypto criminals, led by the DoJ. IBM, Telefonica and Spain’s CaixaBank led the adoption of blockchain.
The SEC has brought charges against the alleged operator of a crypto scam who lured investment in three companies but ended up using the money for personal use.
Nasdaq has issued a warning to Golden Bull Ltd, a P2P lending marketplace-cum-crypto miner for not submitting its financial statements for a six-month period.