Krasimir Buchvarov

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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.
US Congress Requests Facebook Freezes Development of the Libra Project

U.S. Congress Requests that Facebook Freeze Development of Libra

  • This Tuesday U.S. lawmakers wrote an open letter to Facebook, requesting the firm to agree to a moratorium on the development of Libra.
  • Facebook already has 2 hearings scheduled by the Senate Banking Committee and the House Financial Services Committee for 16 and 17 July respectively.
Clause Closes a $5.5 Million Series A Funding Round, Partners with DocuSign

Clause Closes a $5.5 Million Series A Funding Round, Partners with DocuSign

  • Clause provides blockchain-based solutions which facilitate the creation, storage and maintenance of digital contracts for businesses.
  • The new funds will help bring smart contracts to enterprises.
Report: 68% of Crypto Exchange Volume is Fake

Report: 68% of Crypto Exchanges Volume is Fake, Only 10 with Authentic Volume

  • Alameda Research conducted an analysis of crypto exchanges and found that most of the volume is fake.
  • Only 10 exchanges were found to report real volume, including Binance, Bittrex, and Kraken.
New Aggregate Exchange Enables Trade on Multiple Exchanges With One Account

New Aggregate Exchange Enables Trade on Multiple Exchanges With One Account

  • Crypto company TokenClub has launched a beta version of their aggregated exchange, which enables users to trade across multiple platforms using one account.
  • The new exchange supports trading pairs of 16 mainstream cryptocurrencies, which include Bitcoin (BTC) and Ethereum (ETH).
Coinfirm Partners with Ripple to Investigate XRP's Compliance With AML Provisions

Coinfirm Partners with Ripple to Investigate XRP’s Compliance With AML Provisions

  • The new partnership will see Coinfirm investigate how the XRP cryptocurrency is being used, and rate their risk level for AML compliance reasons.
  • Coinfirm will also try to identify if a transaction has passed through a "mixer", and if the funds are coming from a known theft or hack.
Germany’s Xetra Digital Stock Exchange Lists First Blockchain Firm

Germany’s Xetra Digital Stock Exchange Lists First Blockchain Firm

  • Xetra has accounted for over 90% of share trading across German exchanges, and around 30 percent of trading in ETFs in Europe.
  • Advanced Blockchain AG has also signed a Letter of Intent with a German telecom provider to develop a blockchain-based protocol for billing in IoT networks.
Central Banks Could Begin Issuing Digital Currencies in The Future

Central Banks Could Begin Issuing Digital Currencies in The Future

  • The General Manager of the Bank for International Settlements has said that BIS is supporting the world's central banks in their efforts of researching and developing digital currencies.
  • A recent report from the International Monetary Fund shows that several central banks are already considering implementing some form of Central Bank Digital Currency (CBDC).
A hacker in front of a computer in a dark setting

Another Crypto Exchange Hacked, This Time for $4.2 Million

  • Bitrue has been transparent about the situation, calming users that their funds will be restored.
  • $4.2 million worth of XRP and ADA were stolen, authorities have been notified and are trying to identify the perpetrator.
Tall buildings as seen from the ground.

J.P. Morgan Will Begin Customer Trials of Its “JPM Coin”

  • J.P. Morgan Chase will reportedly start trials of its "JPM Coin" with several of its corporate clients, which remain unnamed.
  • The "JPM Coin" was revealed in mid February, with the coin being presented as a stablecoin tethered to the U.S. dollar.
A lawyer's desk

Plaintiff’s Representative Says Craig Wright Failed to Disclose Bitcoin Holdings as per Court Order

  • The self-proclaimed creator of Bitcoin, Craig Wright, has failed to produce his Bitcoin holdings prior to December 31, 2013, as per a court order.
  • On June 28, Wright is expected to appear for a deposition at the U.S. District Court for the Southern District of Florida.