Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Swiss Stock Exchange Lists WisdomTree’s Bitcoin ETP

  • Targeted at professional and institutional investors, the new physically-backed Bitcoin ETP will trade under the BTCW ticker symbol.
  • Similarly to gold-backed ETP's, investors in the product will have an entitlement to the cryptocurrency underlying it.

Binance Acquires DappReview

  • Binance will provide the platform with support in non-technical fields, such as marketing and business development.
  • DappReview will maintain its independence in areas such as technical development and operations.

SoftBank Reveals New Blockchain Wallet Card

  • SoftBank's new SBC Wallet Card can be used as a basic debit card and as a way to store cryptocurrency thanks to its built-in blockchain wallet.
  • Managed through a special application, the card can be used both for hot and cold digital currency storage.

Russia Considering Ban on Crypto as Means of Payment

  • The Bank of Russia, the country's central bank, said it will support a ban on crypto as a means of payment.
  • Currently, cryptocurrencies are often used to purchase goods and services in the country, as well as a way to pay salaries to some freelancers.

Coinbase Patents System that Identifies Non-Compliant Accounts

  • Coinbase's system will use a variety of factors to determine if an account fails the compliance standards or not.
  • The system will self update its compliance model from the data that it collects, as well as suspended and report "bad" accounts.

Indian Government to Issue National Strategy on Blockchain Adoption

  • The Indian government has finally recognized the potential of blockchain technology.
  • The country's minister of state for electronics and IT said that blockchain has potential in sectors such as governance, banking, finance and cybersecurity.

Swiss Government Calls for Improved Blockchain Regulatory Framework

  • The Swiss Federal Council has adopted a proposal, which focuses on increasing legal certainty and removing barriers for blockchain-based applications.
  • The Council has proposed specific amendments to nine federal acts, which cover both civil and financial market laws.

Upbit Hacked, Loses $50 Million

  • Upbit confirmed that the 342,000 ETH that were transferred from its wallet to an unknown ethereum address was in fact a theft.
  • The exchange said that it will take "at least" two weeks before services are back to normal, and pledged to cover the loss with its own assets.

Blox Introduces Crypto Asset Management to IDEX

  • The Blox R&D team has worked closely with IDEX's smart contract in order to understand its raw data.
  • IDEX traders will benefit by gaining better access and control over the accounting and management of their digital assets.

BitBay Drops Monero Over Money Laundering Concerns

  • Estonia-based BitBay will stop all XMR deposits to its platform on 29 November, and will completely delist the coin on 19 February, 2020.
  • Due to an upcoming Monero blockchain fork, withdrawals of XMR will be unavailable between 29 November and 5 December.