Baidu enters blockchain fray
Baidu has launched Xuperchain, a blockchain platform that seeks to make the development and deployment of blockchain projects in Asia fast and cost-effective.
Baidu has launched Xuperchain, a blockchain platform that seeks to make the development and deployment of blockchain projects in Asia fast and cost-effective.
Patrick McDonnell, the founder of CabbageTech crypto scam has been sentenced to 33 months in prison and a $fine for deceptive business practices.
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.