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.

Bank of China’s Digital Yuan “Progressing Smoothly”

  • During the PBoC's annual work conference, China's central bank stated that the development of its CBDC was "progressing smoothly".
  • The central bank further stated that it will "continue to steadily advance the development of legal digital currencies" in 2020.

MetaMask Back on Google Play After 1 Week Ban

  • Google originally suspended the browser extension for breaching its policy against apps that mine cryptocurrency on mobile devices.
  • On 1 January the tech giant decided to reverse the ban and return the mobile app back on Google Play.

New York Court Continues Proceedings Against Man Linked to OneCoin

  • David Pike's trial, who is allegedly linked to the OneCoin scheme, was postponed until 12 January 2020.
  • Pike has been accused of having made materially false statements in front of special agents from the FBI and the IRS.

$200M Raised by Ripple in Series C Funding Round

  • The new funding round was led by alternative asset investment firm Tetragon, and saw participation from SBI Holdings and Route 66 Ventures.
  • The company claimed that 2019 was its "strongest year of growth", with it having customers in over 45 countries.

Paxos Remarks on a Great 2019, Reveals Future Goals

  • The digital asset trust company has launched more products this year than in its entire history.
  • The firm's plans for 2020 include the creation of "white-label" stablecoins for traditional companies, and the development of more APIs.

State Street Partners with Gemini on a Digital Assets Reporting Pilot

  • The initial trial will track a reporting process for BTC and ETH.
  • The new partnership comes only a week after State Street revealed that 38% of their clients plan to increase their digital assets holdings in 2020.

U.N. to Use Blockchain to Prevent Hong Kong Migrant Workers Exploitation

  • The new tool is created by Diginex and the International Organization for Migration.
  • The United Nations' goal is for the new tool to serve as a practical solution for businesses to adopt ethical recruitment practices.

Tata’s IT Arm Launches New Blockchain App Development Kit

  • The new Quartz DevKit can purportedly make building blockchain apps 40% faster.
  • It comes with pre-built templates and a built-in tool to scrutinize developers' smart contracts, which keeps the code in "best in class" standards.

R3’s Marco Polo Completes Largest Trade Finance Trial

  • The blockchain-based trade finance consortium claims to have completed more than 700 funding requests.
  • 100% of participants in a survey, which was part of the trial, claimed that blockchain-based trade finance can reduce costs for both banks and corporates.

VeChain Foundation Loses $6.6 Million in VET Token Hack

  • At 12:27 UTC on Friday, the VeChain Foundation lost around 1.1 billion VET tokens from its buyback wallet.
  • The company is already tracking the stolen funds and has informed law enforcement agencies in Singapore.