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.

Six Blockchain Startups to Recieve Funding From UNICEF

  • The Innovation Fund of UNICEF will be investing up to $100,000 in these companies, which will have 12 months to deliver open-source prototypes of blockchain applications.
  • The companies in question are: Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers.

U.S. Department of Homeland Security Offering $800k for Anti-Forgery Solutions

  • The Science and Technology Directorate (S&T) of the DHS announced in a press release earlier this week that they will be seeking counterfeiting solutions from startups with funding for start ups of up to $800,000 in non-dilutive funding.
  • The new funding program will be rolled out in four phases, with startups getting between $50,000 and $200,000 in funding for each phase.

R3 Announce New App which Supports XRP Payments

  • R3, an enterprise blockchain software firm, has announced, in a press release, the launch of their new application Corda Settler.
  • The application was built to ensure a seamless settlement of payments on Corda, and according to the press release, Ripple will be the first settlement mechanism.

Nasdaq’s Bitcoin Futures Will Possibly Launch in Q1 2019

  • Even though the price of the leading cryptocurrency fell significantly this year, Nasdaq is still betting on sustained interest from investors.
  • Nasdaq has been eyeing Bitcoin futures for a while now, with them trying to follow after the CME and CBOE according to a report from the Wall Street Journal at the end of last year.

Bitstamp Plans to Integrate a New Platform to Spot Market Manipulation

  • The exchange will be partnering up with Irisium Ltd.┬áin an attempt to improve the reliability and safety of its marketplace, through the use of their surveillance platform.
  • Irisium state of the art technology will help with monitoring the market for any suspicious activity and market manipulation.

Bitmain Faces a Lawsuit for Allegedly Unauthorized Mining

  • On Nov. 19, Los Angeles County resident Gor Gevorkyan, the lead plaintiff, filed a case against Bitmain China and U.S. based entities, claiming that the firm's devices mine cryptocurencies for the benefit of the company prior to full setup.
  • According to the complaint, there are more than 100 Class Members involved in the action and that "the aggregate amount in controversy exceeds $5,000,000, exclusive of interest, fees, and costs."

Bulgarian Hackers Detained for Allegedly Stealing $3 Million in Cryptocurrency

  • Three hackers have been arrested in Pazardzhik, Bulgaria, for allegedly stealing $3 million in cryptocurrency.
  • During a raid of the thieves hideout, the special police unit was able to seize flash drives, computers and a hardware portfolio for storage of crypto data, as well as a car worth 60,000 BGN, bought with funds obtained from the illegal activity.

Four Men Face Charges Over Crypto Scam in India

  • According to the Times of India, a report has been filed by the police in the city of Chandigarh, northern India, against Hemant Bhope, Pankaj Adlakha, Amit Bhardwaj, and his brother Vivek Bharadwaj.
  • The fraudsters will face a hearing on the 4th of December, during which they will be provided with the charge-sheet and the charges will be finalized and framed.

Four More Crypto Firms Hit With Cease-And-Desist Orders by Colorado Securities Regulator

  • The Colorado Division of Securities continues with the cease-and-desist orders against allegedly fraudulent initial coin offerings.
  • The orders are the results of investigations carried out by the ICO Task Force set up in May 2018 within the Department of Regulatory Agencies to look into unlawful activities targeting cryptocurrency investors in Colorado.

New Study by UBC Showcases the Compliance Trilemma ICOs Face

  • The research was funded by RegTech platform iComply and Mitacs Canada (a non-profit national research organization).
  • The research for this study was conducted over a period of 6 months, and was focused primarily on North America, but included some other nations and regulatory jurisdictions.