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.

Tassat Crypto Derivatives on the Horizon

  • The CFTC approved the transfer of an SEF registration from trueEX to Tassat, bringing the company closer to offering Bitcoin derivatives products.
  • Tassat reached an "agreement in principle" to acquire trueEX's SEF and Designated Contract Market registrations back in July.

Micree Zhan Vows to Return to Bitmain Through Legal Actions

  • Last week Jihan Wu, a Bitmain co-founder, informed all staffers that Zhan had been dismissed.
  • Micree Ketuan Zhan responded by saying he was removed without consent or prior knowledge, and that he will take legal action.

Coinbase Will Reward Users Staking Tezos

  • The San Francisco-based exchange will now reward users that decide to deposit their XTZ tokens on the platform with a 5% annual interest.
  • The initial holding period of the tokens is 35-40 days, after which customers will receive rewards every 3 days.

U.N. Alleges North Korea Laundered Cryptocurrency to Evade Sanctions

  • The discovery was made when the U.N. conducted an investigation into the ways North Korea evades sanctions.
  • The scheme used over 5,000 transactions in multiple countries to make the laundering "difficult to track".

Hong Kong Regulator Publishes New Rules for Crypto Exchanges

  • The new licensing scheme for crypto exchanges is similar to the one applied to security brokers.
  • Exchanges are required to have an independent auditor, which will file annual reports on its activities to the Securities and Futures Commission.

China Scraps Plan to Phase Out Cryptocurrency Mining

  • The newly published Catalog for Guiding Industry Restructuring in China no longer includes Bitcoin mining.
  • Originally China's economic planning agency considered a ban on the industry, but has since changed its mind.

Coca-Cola to Use Blockchain for Supply Chain Management

  • Coca-Cola's blockchain pilot will be expanded from 2 to 70 of the manufacturers that bottle and ship nearly 160,000 bottles daily.
  • The blockchain solution was developed by German software firm SAP, and aims to improve distribution for all participants in the network.

Stellar Burns $4.7 Billion Worth of XLM

  • Out of the 105 billion XLM tokens that were in existence, the Stellar Development Foundation decided to destroy 55 billion of its own tokens.
  • The tokens came mainly from the organization's giveaway and partnership programs, which have now been ended.

CFTC and SEC File Charges Against Swiss Securities Dealer

  • XBT Corp., which operates under the name First Global Credit, allegedly sold unregistered security-based swaps for bitcoins.
  • The company will have to pay the SEC more than $130,000 in fees and disgorgement, while the CFTC has charged it an additional $100,000.

Talos Enterprise Blockchain Appoints Minaz Sarangi as President

  • The company aims to offer solutions at every stage of blockchain development.
  • The company has already built a global network of partners, including the Enterprise Ethereum Alliance.