News & Blog

Okex India
Okex Expanding to India 1024 500 Crypto Rand Group

Okex Expanding to India

Despite ongoing uncertainty regarding cryptocurrency regulation in India, major global crypto exchange OKEx has just made another push in the country’s market. On Feb. 14, OKEx partnered with India’s largest cryptocurrency trading platform, CoinDCX, to launch a new crypto futures product in India. As part of the partnership, OKEx will make a major step into…

Institutional bitcoin
How Institutional Investors Are Preparing for Bitcoin 1024 500 Crypto Rand Group

How Institutional Investors Are Preparing for Bitcoin

Bitcoin is no longer the taboo it used to be in the mainstream finance world. Many respectable financial organizations and individuals are openly exploring Bitcoin, and it’s the underlying technology, as a serious investment. But, the flood gates still haven’t opened and the big money isn’t flowing into the crypto market. So, what exactly are…

SEC Cybersecurity
New Cybersecurity Senior advisor for the SEC 1024 500 Crypto Rand Group

New Cybersecurity Senior advisor for the SEC

After naming Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit in December, the United States Securities and Exchange Commission, the SEC, has introduced more fresh blood to its ranks. On Feb. 13, Nancy Sumption was announced as the successor to Kevin Zerrusen, the former Senior Advisor for Cybersecurity Policy to Chairman Jay…

Samsung wallet
Will Samsung Launch its Crypto Wallet on its Newly Released S20 1024 500 Crypto Rand Group

Will Samsung Launch its Crypto Wallet on its Newly Released S20

Samsung has finally unveiled its new flagship smartphones, including the latest Galaxy devices, the S20, and the Z Flip, a foldable smartphone. But crypto-keen observers waiting to see if the new Samsung phones would be fitted with a blockchain wallet have been left hanging, with materials released so far making only the most fleeting of…

Games crypto
No Taxes on Games Currencies, Crypto Regulations are Still Uncertain 1024 500 Crypto Rand Group

No Taxes on Games Currencies, Crypto Regulations are Still Uncertain

U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies. The website change removed Robux and V-bucks—gaming currencies for Fortnite and Roblox—from the list of…

North korea monero
North Korea Doubling up on Monero Mining 1024 500 Crypto Rand Group

North Korea Doubling up on Monero Mining

North Korea is stepping up mining of the privacy coin Monero as the regime continues its efforts to circumvent sanctions. U.S. cybersecurity firm Recorded Future said in a report Sunday that network traffic for monero mining that had originated from North Korean IP ranges had increased by “at least tenfold” since May 2019, making it…

Tether Chainalysis
Tether Partnering with Chainalysis, Fighting Money Laundering 1024 500 Crypto Rand Group

Tether Partnering with Chainalysis, Fighting Money Laundering

Stablecoin issuer Tether is partnering with blockchain forensics firm Chainalysis to bolster its anti-money laundering tools. The companies announced Wednesday that Tether would apply Chainalysis’ “Know Your Transaction” tool for token issuers, allowing the stablecoin firm to monitor activity and “quickly understand the risk profile of each token holder,” according to a press release. USDT,…

Neogen Blockchain
Neogen Testing Blockchain Use Cases in the Food Industry 1024 500 Crypto Rand Group

Neogen Testing Blockchain Use Cases in the Food Industry

U.S.-based food and animal safety Neogen Corporation has partnered with blockchain firm Ripe Technology for tracking food and animal sources. The connection will allow Neogen to use the Ripe blockchain to track sources for products, as well as resolve issues such as recalls. Neogen is hoping that the connection with blockchain technology will provide consumers…

Trump crypto budget
Trump Puts Crypto Crimes Investigations on a Budget Line 1024 500 Crypto Rand Group

Trump Puts Crypto Crimes Investigations on a Budget Line

President Donald Trump $4.8 trillion 2021 budget proposal hopes to reconsolidate the Secret Service with the Treasury Department in order to enhance crypto and financial crime investigations. Established in 1865, the Secret Service was created as a department within Treasury charged with protecting U.S. currency against counterfeiting risks. In 2002, the Secret Service was transferred…

Japanese Digital Yen
Japanese Government Pushing the Digital Yen to Counter China 1024 500 Crypto Rand Group

Japanese Government Pushing the Digital Yen to Counter China

Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan’s Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years. Reuters reported on Feb. 10 that Yamamoto said that…

Swiss crypto
Swiss Market Regulators Asking for IDs for Crypto Transactions over $1,000 1024 500 Crypto Rand Group

Swiss Market Regulators Asking for IDs for Crypto Transactions over $1,000

The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on Feb. 7. Citing additional risk, the threshold for unidentified crypto exchange transactions is lowered from 5,000 CHF to 1,000 CHF (approximately $1,020 USD). The provision comes following the enactment of the new Financial Services Act and Financial Institutions Act, which came into…

Navy Blockchain
US Navy Investing $9.5 million in Blockchain to Keep Secrets Hidden 1024 500 Crypto Rand Group

US Navy Investing $9.5 million in Blockchain to Keep Secrets Hidden

The Naval Air Warfare Center, a California-based research group of the U.S. Navy, has given blockchain software startup Simba Chain nearly $10 million to put a secure messaging platform in play.  “The platform will be up this year, with ongoing updates over the next 4 years,” Simba Chain CEO Joel Neidig told Cointelegraph in a…

US bank digital
US Central Bank Looking to Create its Own Digital Currency 1024 500 Crypto Rand Group

US Central Bank Looking to Create its Own Digital Currency

The U.S. central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard. “Given the dollar’s important role, it is essential that we remain on the frontier of research and policy development regarding” central bank digital currency, or CBDC, Brainard said Wednesday in the text of a speech prepared for…

Central bank digital
Major Central Banks will Discuss Digital currencies 1024 500 Crypto Rand Group

Major Central Banks will Discuss Digital currencies

Six major central banks will meet in April to discuss the development of central bank digital currencies (CBDC). The Japan Times reported on Feb. 6 that — according to a source familiar with the matter — the meeting will see the governors of several central banks discuss joint research on CBDCs. Furthermore, the group will…

Russian Parliament crypto
Russian Parliament About to Pass Long-Awaited Crypto Laws 1024 500 Crypto Rand Group

Russian Parliament About to Pass Long-Awaited Crypto Laws

Russian parliament, the State Duma, could pass its long-awaited crypto laws as early as March – and it appears that the impasse between pro-crypto businesses and the crypto-skeptic central bank may finally be over. Anatoly Aksakov, the chairman of the Duma’s financial committee, a lawmaker for the A Just Russia party and the man charged…