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.

Sri Lanka’s Central Bank Shortlists Candidates For Blockchain KYC Platform

  • The three shortlisted companies are expected to finish developing their PoC's in the next six to nine months.
  • Since its announcement in November 2019, the project has received 36 applications in total.

UK Regulator Lifts Restrictions On Wirecard

  • The firm's U.K. subsidiary was ordered to cease all of its regulated activities last Friday.
  • Wirecard now has a written consent to resume operations and is expecting all of its cards to be operational by 1 July.

DeFi Protocol Loses $500K Due To Hack

  • The attack exploited a loophole that tricked the protocol into releasing $500,000 worth of tokens.
  • In order to hide his tracks, the hacker used ether that was laundered through Tornado Cash, an Ethereum-based mixer.

Mining Firm BHP Completes $14M Ore Trade On Blockchain

  • The $14 million iron ore deal was first announced last month.
  • The blockchain-based trade comes as part of BHP's plans to digitize the documentation process in commodities trading.

Telegram To Pay $18.5 Million In Civil Penalty

  • Signed by a judge on Friday, the final judgement requires Telegram to pay back $1.2 billion to investors.
  • The firm will have 30 days to pay $18.5 million in penalties, and is also required to notify the SEC if it plans to issue another digital asset in the next 3 years.

Core Scientific Buys 17,000 BTC Mining Rigs

  • The firm has struck a deal with Bitmain to purchase more than 17,000 S19 Antminers.
  • Core Scientific claims that this is the largest purchase of S19 Antminers a single blockchain company has made so far.

U.K. Regulator Suspends Wirecard’s Card Issuer

  • The FCA started working with Wirecard's subsidiary immediately after it became known it was missing $2.1 billion.
  • As a result of the action, Crypto.com is now about to terminate its card operations in the EU and UK.

Judge Denies Motion For Sanctions Against Craig Wright, Accepts Autism Defense

  • Now that the motion to impose sanctions on Craig Wright has been denied, the case is clear to go to jury trial.
  • The judge will also allow Wright to summon a clinical psychologist as an expert witness.

AVA Labs Raises $12M In Private Token Sale, Prepares Public Offering

  • The total amount of funds raised by the project has now reached $18 million.
  • The company is also planning to conduct a public token sale on 8 July, in accordance with the U.S. federal financial regulations.

Signature Bank Releases Payment Platform On Fireblocks

  • Prior to the integration, the payment platform had its capabilities enchanced with the addition of an API.
  • Clients of the bank can now use this platform to perform instantaneous payments between one another.