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.

Token Sale Platform ICOBox Charged with Illegal Securities Offering

  • ICOBox,and its Founder Nikolay Evdokimov were able to raise around $14 million through the sell of their "ICOS" token in 2017.
  • The company also acted as an unregistered broker, by facilitating the sale of tokens from "dozens of clients", which were able to raise another $650 million.

Messaging Giant Line Launches Crypto Exchange in Japan

  • Two weeks after receiving a cryptocurrency exchange license in Japan, Line launched Bitmax for its 81 million Japan-based users.
  • The exchange will be available to Japanese persons with a Line account, and will not charge trading fees, only a 108 yen charge for deposits and withdrawals.

VanEck, SolidX Bitcoin ETF Proposal Withdrawn From SEC Review

  • This is the second time the companies have withdrawn the ETF proposal, this time a month before the SEC's deadline.
  • Weeks before, the two companies began offering limited Bitcoin ETFs to qualified institutional buyers under Rule 144A exemption.

Hedera Hashgraph’s Mainnet Open Beta Now Live

  • Investors who participated in the crowdsale, through which the company gathered $124 million, are set to receive more than 379 million HBAR tokens.
  • 14 cryptocurrency exchanges and over-the-counter desks have already stated their intent to list the HBAR token around the launch of the platform's mainnet.

Deutsche Bank Joins J.P. Morgan’s Blockchain Network

  • The Interbank Information Network is built on top of the Quorum network and will be using the JPM Coin.
  • Deutsche Bank hopes to reduce the cost of processing difficult payments and drive the company towards ubiquity.

3 Alleged North Korean Hacker Groups Sanctioned By the U.S.

  • The Lazarus Group, Bluenoroff and Andariel have alegedly been responsible for hacking five exchanges in Asia between 2017 and 2018.
  • As a result of the sanctions, all assets owned by the hacking groups have been blocked, and must be reported to the Office of Foreign Assets Control (OFAC).

France Wants to Block Facebook’s Libra in Europe

  • The French Economy and Finance Minister, Bruno Le Maire, said that Libra could pose a threat to the sovereignty of national currencies.
  • Le Maire also reportedly said that Facebook's Libra may eventually "substitute itself as a national currency", which could lead to financial disruption.

Registration for Binance.US will Start Next Week

  • Binance will finally be opening registration and deposits for its U.S.-based trading platform on 18 September, with six cryptocurrencies being available for deposit initially.
  • The platform will not offer trading services for New York-based customers, as the company has yet to apply for a "BitLicense".

ConsenSys Founder Joseph Lubin Joins the Governing Board of Hyperledger

  • Joseph Lubin, ConsenSys Founder and Ethereum Co-Founder, will also be joining the governing board of Hyperledger.
  • The company will also submit its Java-based Ethereum client, previously known as Pantheon, to the consortium as the project Hyperledger Besu.

Coinbase Token on the Way?

  • Coinbase's Head of Institutional Sales in Asia said that an IEO platform presents a "really interesting opportunity" for the exchange.
  • A Coinbase IEO platform could indicate that the exchange will be issuing its own proprietary exchange token in the near future.