News & Blog

Russia is planning on achieving the impossible 640 360 Crypto Rand Group

Russia is planning on achieving the impossible

Is bitcoin confiscation really impossible? Russia is planning on creating legal statutes allowing the government to do it. As local financial news outlet RBC reported on Nov. 7 citing sources familiar with the matter, Russia’s interior ministry will work with various state organs to draw up the plans, which could enter into law in 2021. …

Turkish lira
Turkish Digital Lira is almost ready 1024 500 Crypto Rand Group

Turkish Digital Lira is almost ready

After facing one of the worst currency and debt crises in its history, the Turkish lira fell so dramatically that on May 23, 2018, foreign exchange markets in Istanbul ceased trading lira due to extreme lows. The aftermath of the crisis forced credit rating agencies to downgrade Turkey’s debt and credit ratings, with many analysts…

https://www.coindesk.com/binance-to-advise-ukraine-government-on-upcoming-crypto-regulation
Ukraine advised by Binance to regulate cryptocurrencies 1024 500 Crypto Rand Group

Ukraine advised by Binance to regulate cryptocurrencies

Ukraine will receive help from the cryptocurrency exchange Binance to prepare them to regulate cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies…

hong kong
Hong Kong will start accepting and regulating crypto exchanges 752 367 Crypto Rand Group

Hong Kong will start accepting and regulating crypto exchanges

Hong Kong’s financial regulators released their regulatory framework and are now accepting applications from crypto exchanges. The Securities and Future Commission (SFC) met with virtual asset trading platform operators to discuss their businesses and explain the SFC’s regulatory expectations, covering aspects of custody, know-your-customer requirements, anti money laundering rules and market manipulation, besides issues specific…

hong kong
Hong Kong: New Crypto exchange regulations 1024 500 Crypto Rand Group

Hong Kong: New Crypto exchange regulations

UPDATE: Regulation position paper is now available Chief Executive Ashley Alder told a fintech conference in Hong Kong that financial regulator will publish a framework for cryptocurrency exchanges later on Wednesday. Market watchdogs worldwide are debating if they should regulate the cryptocurrency industry and how, as they widen focus beyond mostly protecting investors from scams…

power grid
Georgia: Bitcoin mining is sucking the country’s power grid dry 1024 500 Crypto Rand Group

Georgia: Bitcoin mining is sucking the country’s power grid dry

Georgia is reportedly having its power grid sucked dry from Bitcoin mining. But it doesn’t matter because the country has reserves of hydroelectric power. According to BBC Sounds podcast, Business Daily, Georgia is now the world’s third-largest miner of Bitcoin, behind China and Venezuela. However, it’s not good news for some. David Chapashvili from Green…

Coca-Cola
Coca-Cola blockchain: a $21 billion network 1024 500 Crypto Rand Group

Coca-Cola blockchain: a $21 billion network

Cross-party transactions for Coca Cola ’s bottlers will now be managed using blockchain technology. A Business Insider report on Nov. 5 revealed that Coke One North America (CONA) — the tech firm that manages IT operations for the soda giant’s bottlers — is using a blockchain solution developed by German software firm SAP to manage…

SIM swap hack
Bittrex sued over a 1$ million SIM swap hack 1024 500 Crypto Rand Group

Bittrex sued over a 1$ million SIM swap hack

Bittrex, the crypto exchange that boomed in early 2017, is being sued over a SIM swap hack, netting 100 Bitcoin to criminals, currently worth $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular…

single individual
2017 Bitcoin’s Run pushed by a single individual, research says 1024 500 Crypto Rand Group

2017 Bitcoin’s Run pushed by a single individual, research says

The 2017 cryptocurrency‘s astronomical surge was caused by a single individual, according to the same academic who, last year, claimed that Bitcoin‘s bull run was sparked by market manipulation. One single individual on cryptocurrency exchange Bitfinex was reportedly able to drive up Bitcoin‘s price when it fell below specific values, according to the University of…

French high schoolers
French high schoolers to learn about Bitcoin 1024 500 Crypto Rand Group

French high schoolers to learn about Bitcoin

French high schoolers will soon learn about Bitcoin, after the cryptocurrency was added to the syllabus for Economics and Social Sciences. Le Ministère de l’Éducation Nationale, the French education ministry, has outlined Bitcoin‘s inclusion in the curriculum, noting how it will use the cryptocurrency to help students think about the characteristics of money. Given the…

new offices
Binance about to open new offices in Beijing 1024 500 Crypto Rand Group

Binance about to open new offices in Beijing

Malta-based cryptocurrency exchange Binance is opening new offices in Beijing. The new outpost will join Binance’s current mainland China office in Shanghai. It’s not clear what exactly the new offices will do or when it will open, but the move follows a slew of announcements from Chinese authorities, including President Xi Jinping outlining China’s new…

bitmex
BitMEX leaks its user’s email addresses 1024 500 Crypto Rand Group

BitMEX leaks its user’s email addresses

BitMEX, one of the most used crypto derivatives exchange has accidentally leaked all its user base email addresses by simply forgetting to use “Blind Carbon Copy” (BCC) on a mass email. The incident was acknowledged by BitMEX in an official statement published today, Nov. 1. Cointelegraph’s editorial team in Japan have independently revealed that a…

german banks
German banks asking for digital Euro 1024 500 Crypto Rand Group

German banks asking for digital Euro

German banks have presented a position paper in which they make several arguments for the digital euro. The Association, which represents more than 200 private commercial banks and eleven member associations, says the arrival of Facebook’s private cryptocurrency Libra raises serious questions about what the global monetary system will look like in the digital age…

Central banks
IBM-ING: Central banks cryptocurrencies are coming 1024 500 Crypto Rand Group

IBM-ING: Central banks cryptocurrencies are coming

Central banks launching their own cryptocurrency could be real quite soon, and ING is not the only institution to believe so. According to a report conducted by old-school tech firm IBM and the Official Monetary Institutions Forum (OMFIF), we can expect to see fiat-based digital currencies within the next five years. These currencies will exist…

banking services in Singapore
Swiss crypto bank to offer banking services in Singapore 1024 500 Crypto Rand Group

Swiss crypto bank to offer banking services in Singapore

Sygnum, the Swiss-based cryptocurrency bank, has received the go-ahead to offer banking services in Singapore. Sygnum: license is “important milestone” In a blog post on Oct. 31, Sygnum, which gained a Swiss banking license in August this year, can now proceed with its first product for the Singapore market. Sygnum was the first Swiss company…