Block Network

September 30, 2020

FinCEN director warns banks about cryptocurrency risk exposure

FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. The U.S. Financial Crimes Enforcement Network (FinCEN) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure.During the virtual 2020 ACAMS anti-money laundering Conference in Las Vegas this week, Blanco […]

September 29, 2020

Malaysian billionaire steps down to pursue ‘horse currency’ offering

“I am handing over the public-listed company’s business to the new directors and I will concentrate on cryptocurrencies,” said the 65-year-old. The founder of Malaysian investment giant Country Heights Holdings is stepping down from his position to focus on issuing a cryptocurrency.According to a Sept. 28 article in news outlet The Edge Markets, billionaire Lee […]

Afraid of DeFi? Here’s how to earn 41% APY on Bitcoin without wrapping it

Decentralized finance yields are incredibly attractive, but options markets can also provide similar sized returns for those willing to take risks. The number of investors interested in yield farming has grown immensely over the past 6-months as decentralized finance (DeFi) applications became better known and easier to use. This has led to an uncountable number of […]

Congress weighs crypto payments and fintech lending in hearing today

Despite skepticism about loosening regulations on loans, the Fintech Task Force couldn’t stop talking about crypto as a way of upgrading payments in the U.S. In a hearing on Tuesday, the Congressional Fintech Task Force heard arguments on new rules that would potentially expand banking regulations to accommodate more technology firms providing financial services.A subunit […]

What the COVID-19 pandemic means for blockchain and crypto

Blockchain and cryptocurrency have great potential to help us, especially in these challenging times of the global coronavirus outbreak. In March 2020, COVID-19 was declared by the World Health Organization to be a pandemic. Just over six months after that declaration, there have been almost 33 million cases of the disease worldwide and nearly 1 […]

David Guetta secures deal with crypto-centered VR platform

DJ David Guetta goes virtual. Sensorium Galaxy, a not-yet-released virtual reality platform, has signed famous French DJ David Guetta. The platform hosts its own ERC-20 token, known as SENSO.”In a similar fashion to in-game currencies like Fortnite’s V-Bucks, SENSO is used for all value transactions within the Sensorium Galaxy,” Sensorium Corporation’s deputy CEO of IR, blockchain […]

COVID-19: Decentralization the norm as workplaces adjust to new normal

COVID-19 has forced businesses around the world to adapt to new ways as crypto companies embrace the “decentralized normal.” 2020 will forever be remembered as the year of COVID-19, but there is no telling what the long-lasting effects of the pandemic will be on the global economy. Around the world, countries have been forced to […]

Mainstream lags in crypto understanding, think tank survey finds

The crypto industry exudes more confidence against industry risks than outsiders looking in.  The Royal United Services Institute and the Association of Certified Anti-Money Laundering Specialists, collaborating with YouGov, conducted a survey on authorities’ perception of the crypto industry.”The RUSI-ACAMS Cryptocurrency Risk & Compliance Survey provides unprecedented insight into how governments, the cryptocurrency industry, traditional […]

The Cardano Foundation’s new CEO says he will prioritize the platform’s longevity

The incoming CEO wants to convey to the corporate sector that Cardano will be around in 30 years. Cardano recently celebrated the third anniversary of its Mainnet launch. In the run-up to this occasion, Cointelegraph had the opportunity to discuss the project’s future plans with the Cardano Foundation’s incoming CEO, Frederik Gregaard.Gregaard, who has not yet officially […]

Blockchain patent filing rose significantly in China after Xi Jinping’s 2019 endorsement

Chinese companies are angling to overtake the United States in blockchain adoption. Recent figures published by Chinese media outlets show that companies in China have filed for over half of all global blockchain patents.According to a report titled “2020 Blockchain Industry Development”, Chinese companies have applied for 4,435 blockchain patents following Chinese president Xi Jinping’s […]