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.
Indian Minister Clarifies There is No Official Ban on Cryptocurrencies Yet
- India's Minister of State for Finance, Anurag Thakur, has said there is no separate law for dealing with issues relating to cryptocurrencies in India.
- Earlier this month, a unverified copy of a draft bill was uploaded on Scribd, which if passed would mean a ban on cryptocurrencies in India.
KPMG Partners with Microsoft, R3, Tomia on Blockchain Telecom Solution
- KPMG'S blockchain solution will try to reduce the number of disputes, costs, and time involved in telecom settlements through the use of smart contracts.
- A study shows that the estimated cost of international mobile data roaming fees could reach $31billion in 2022.
Steve Wozniak Invested in a Blockchain-Based Energy Saving Firm in Malta
- Efforce will allow investors to support energy efficient projects around the world.
- It will also use blockchain to help the public decrease their environmental impact, without having to change their habits.
Oracle Uses Blockchain to Track Honey Sustainability
- The new network, developed in partnership with the World Bee Project, will create a label, called "BeeMark", that will show honey is being produced sustainably.
- Data collected from the network of interconnected beehives is also being researched, in order to provide insight into the global bee population decline.
Huobi Revamps its Stablecoin System with New ERC-20 Token
- The new ERC-20 HUSD Token was developed by Stable Universal, and will be pegged to the U.S. dollar and held in reserve by the custodian Paxos.
- A "top U.S. auditing firm" will be conducting monthly checks, to make sure that the USD reserves match the supply of HUSD Token.
50,000 Affected Users to be Reimbursed in Crypto by BITPoint Exchange
- The exhcnage has prepared 2.06 billion yen ($20 million) worth of cryptocurrencies for a refund.
- Recently published document revealed that the hacker took off with 1,225 BTC, 1,985 BCH, 11,169 ETH, 5,108 LTC, and 28,106 XRP.
FATF Approves New Japanese Payment Network Similar to SWIFT
- The network was first proposed by the Japanese Ministry of Finance and its national regulator, the Financial Services Agency (FSA).
- The development of the network, which is aimed at combating money laundering more effectively, will be monitored by a team related to the FATF.
The Political Pressure on Facebook’s Libra Continues
- A lengthy back-and-forth focused once again on privacy and money laundering issues.
- More predominant this time were comparisons of Libra to a bank, suggesting the project should be regulated as one.
The Next Nexo Dividend Distribution Set for August 15
- Nexo is giving back to the blockchain community by distributing 30% of the project's net profit in a given dividend period.
- The first time the company paid dividends to its investors was on 15 December, 2018, when it distributed over $900,000 in NEXO tokens.
Facebook’s Libra Under Heavy Attack in Senate Hearing
- Most senators raised concerns over Facebook's repeated history of privacy issues and lack of trust by the general public.
- AML and KYC compliance was also central to the hearing, as was the registration of Calibra in Switzerland.
