British fintech startup Revolut announced it has received a license to provide banking services in Europe. The application was approved by the European Central Bank, the company said. ? Today, we’ve had our application for a European banking license approved. https://t.co/ho22TQbtfm – Revolut (@RevolutApp) December 13, 2018 Initially, Revolut customers in the jurisdictions with which the company works will be able to deposit up to 100,000 euros insured through the European Deposit Insurance System. In the future, the company plans to introduce measures to protect against overdraft overdraft, as well as the provision of traditional individual and corporate loans. Testing…
Author: BlockchainJournal
EOSWebWallet.io wallet developers presented an EOS Plugin extension for Firefox and Google Chrome browsers that allows you to run EOS DApps without downloading the full blockchain node to the user's device. This was reported to BlockchainJournal by representatives of the project. According to the developers, the extension is compatible with different versions of the EOS blockchain and allows you to sign transactions even when using third-party services. In addition, when creating an account in EOS Plugin, the user does not need to enter his personal data, including email and location. “Security and anonymity of data is a key issue in…
Today, the cryptocurrency market is in a limited range and is colored red, since most digital assets tend to decline. The cost of bitcoin is more or less controlled by supply and demand. The market lacks news, probably due to the start of the Christmas season. Bitcoin is currently valued at $ 3,437, which is 0.75% lower than yesterday. Above this value, the BTC encounters resistance at the level of a simple moving average SMA50 (1-hour range). The next important resistance is at $ 3,500. Next, upward movement will face an obstacle at the level of $ 3,600 (last…
The Russian office of the international blockchain-company Bitfury Group and the network of audit and consulting firms PwC will create a joint accelerator of blockchain projects. This was reported to BlockchainJournal by Bitfury representatives. The partners are planning to develop blockchain products based on the needs of PwC corporate customers. The first such case on the basis of the framework Exonum PwC Academy has already presented in its training courses and seminars. “The blockchain technology will allow creating both services for intracorporate use, by expanding the functionality of current products, and fundamentally new business models for the mass segment, ”…
In order to end speculation with virtual currencies, such as Bitcoin and other cryptocurrencies, the Indian Intergovernmental Commission recommends the development of a new law regulating this sphere. This became known to CNBC TV18 from its own sources. “The group categorically stated that all such currencies should be considered illegal ,” said one of the unnamed interlocutors of the TV channel. The commission’s experts suggested introducing a new regulatory and legal framework within the framework of the Reserve Bank of India (RBI) guidelines, which would clearly state that any type of operations with virtual currencies would be considered illegal, sources…
Dashlane password management and storage company cryptocurrency yesterday published the 3rd annual list of “Worst Password Users”, in which cryptoinvestors rank third. The purpose of this rating is to identify password-related errors made by users and organizations in order to draw public attention to advanced methods for creating and managing passwords. According to Dashlane, the number of passwords that an average Internet user should manage is currently around 200 — a figure, and by 2023 this number will increase to 400. Speaking about the purpose of the rating Emmanuel Shalit, CEO of Dashlane, said: Passwords are the first line of…
hardforka network Developers Geth, one of the most popular customers of Ethereum, presented a new version of the software with the included code of the upcoming hard forks Constantinople. Go-ethereum (Geth) v1.8.20 assumes that hardfork in the main Ethereum network will take place at block 7,080,000. Consensus regarding the block number for activating hard forks was reached last week during a regular video conference of leading Ethereum developers. According to Afri Shedona, release manager of another popular client of the Parity network, a block of 7,080,000 will be found between January 14 and 18, 2019. At the same time, Ethereum…
According to the New York State Department of Financial Services (NYDFS), from 2015 to May 2018, the agency responded to only 9 out of 36 applications for a BitLicense license. The author of the Fortune edition , Robert Hackett, was interested in this question after Eric Voorhees called the New York state's approach to the regulation of cryptocurrency “a complete failure”, since by that time, only 4 companies received approval. Hackett tried to find out if this figure is correct, and if so, how many applications for BitLicense the agency is now considering. Since the beginning of May 2018, when…
Despite the fact that the law enforcement authorities of Ukraine have eased the pressure on representatives of cryptocurrency businesses, the imposition of martial law in several regions of the country may initiate a new wave of searches on suspicion of crypto companies, still outside the legal field, in financing terrorism. This was told by the lawyer, the project manager of the Business Security Practice of the Juscutum Law Firm Alexander Gorobets. According to him, a surge of interest in cryptocurrency in 2017 led to a huge number of searches for all who were interested in this market. “If from the…
Holland wants to introduce licensing for cryptocurrency companies, which will be controlled by the country's central bank (DNB), reports De Telegraaf. According to the publication, this measure should help prevent the use of virtual currencies for money laundering or terrorist financing. In addition, licensing should, if not eliminate, then significantly reduce the anonymous use of cryptocurrencies. Recipients of Central Bank approval will need to know their customers (KYC rules) and report suspicious transactions. Currently, the bill is under public discussion, and the regulator is collecting comments on it. The financial leaders of the leading economies of the world (G-20 group)…