Crypto News & Blog

Binance Malta
Binance Allegedly Not Authorized in Malta 1024 500 Crypto Rand Group

Binance Allegedly Not Authorized in Malta

Binance is neither licensed to operate nor is it regulated in Malta, the country’s chief financial watchdog has said. The Malta Financial Services Authority (MFSA) issued a statement Friday denying it has ever regulated Binance or that the exchange has ever had left to operate in the island nation’s fledgeling cryptocurrency industry. Citing reports in…

Brazil cryptocurrency
Brazil Central Bank Launching a Cryptocurrency Like Payment Method 1024 500 Crypto Rand Group

Brazil Central Bank Launching a Cryptocurrency Like Payment Method

A new payments system is coming to Brazil later this year, promising almost instant transfers to compete against cryptocurrency. Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins…

Mt. Gox Creditor
Hedge Fund Offering $1,300 Per Bitcoin to Mt. Gox Creditor 1024 500 Crypto Rand Group

Hedge Fund Offering $1,300 Per Bitcoin to Mt. Gox Creditor

The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of bitcoin -holding customers out of pocket. Per Bloomberg, the hedge fund has made its decision “in the wake of this year’s…

European Libra
What Could The European Union do With Libra? 1024 500 Crypto Rand Group

What Could The European Union do With Libra?

Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by…

Samsung S20 blockchain
Samsung S20 will Keep Blockchain Functionalities 1024 500 Crypto Rand Group

Samsung S20 will Keep Blockchain Functionalities

South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco. While the headline feature is undoubtedly the new camera, according to the official marketing material the phone will also improve on the integrated blockchain security features introduced a year ago on the Galaxy S10.…

Coinbase is Now a Principal Member of Visa
Coinbase is Now a Principal Member of Visa 1024 500 Crypto Rand Group

Coinbase is Now a Principal Member of Visa

Coinbase is now a principal member of Visa, according to a Feb. 19 announcement. This will allow it to issue debit cards without relying on third parties. The membership is an evolution of Coinbase’s current relationship with Visa, with the cryptocurrency exchange providing a Visa-based debit card. Called Coinbase Card, it allows customers residing in…

Blockchain carriers
Proof-of-Business Brings Blockchain to Carriers 1024 500 Crypto Rand Group

Proof-of-Business Brings Blockchain to Carriers

Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different countries. The Carrier Blockchain Study Group (CBSG) Consortium is one such collaboration doing just that. Launched in September 2017,…

Orange blockchain
Orange and T-mobile Testing Blockchain Platform 1024 500 Crypto Rand Group

Orange and T-mobile Testing Blockchain Platform

Four of the world’s biggest telecoms providers will cooperate on a joint pilot that could see blockchain technology applied to inter-operator roaming agreements. Per Mobile Europe, Deutsche Telekom and its United States-based mobile and wireless network operator T-Mobile US will team up with Spain’s Telefónica and Orange of France to pilot a blockchain-powered solution for…

Chinese crypto exchange
Chinese Crypto Exchange closes, Still $125 Million Left Unpaid 1024 500 Crypto Rand Group

Chinese Crypto Exchange closes, Still $125 Million Left Unpaid

Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users.  According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly…

Russia money laundering
Russia Links Crypto and Money Laundering 1024 500 Crypto Rand Group

Russia Links Crypto and Money Laundering

The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk. The bank issued an update to directive 375-P, which lists all signs of suspicious activity that may be linked…

Binance singapore
Binance Finding its Way to Singapore Crypto Market 1024 500 Crypto Rand Group

Binance Finding its Way to Singapore Crypto Market

The Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act. This policy is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline. Any interested parties must apply for the appropriate licenses in Singapore, including a standard payment institution…

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…