EU

Italian Payments Giant Nexi Involved in Digital Euro Project

Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. Nexi Advising ECB on Digital Euro Issues Nexi, one of the biggest payments companies in Europe, is working in tandem with the European Central Bank toward the creation of a digital euro, according to statements

Clytie Project Launches Seed Sale Round

Clytie is a platform that rewards cryptocurrency when users shop online or participate in completing tasks and games. Sponsored Sponsored Clytie incorporates the NFT marketplace, creating a space for users and creators to use $CLY to exchange digital products. Shop to earn, play to earn, and use Clytie to earn. There are four main parts: Shop online and earn crypto cashback: Clytie connects all of the stores online so users can shop, for example, Aliexpress, Amazon, eBay, and hundreds of products.Gamification: Users can play games and do tasks to earn

Weekly Bitcoin and Cryptocurrency Market Analysis

Simon Peters, market analyst: Bitcoin Teases Us At $12,000  Suffice it to say, it was a busy week, with mixed performance in equity markets and odd – but not unpromising – movements for bitcoin. The FTSE All-Share index and the STOXX600 both recorded steady rises, while the S&P500, which started the week at 3,352, took a turn for the worse on Wednesday. After its drop to 3,335, it has since recovered to 3,372. Bitcoin broke through $12,000 on Monday, only to suffer a significant fall to $11,275 by Wednesday morning.

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Title Token for Blockchain Estate Registry, Part 3

The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:The format requirements for an entry by knowing the standard of a record, the user’s machine can automatically collect records from various ledgers in one bundle.The hook, which is the algorithm that scans blocks of ledgers and extracts

Is Bitcoin Becoming A Safe Haven After All?

Questions are raising, after central banks flood markets with rescue money.Central banks in the US and EU are putting together rescue packages to deal with the corona crisis that is currently infecting stock markets around the world with panic. While the measures largely fizzle out, Bitcoin is recovering without any help at all. Was it too early to write off Bitcoin as a lifeboat?Is the big wave still coming? (Photo by Jeremy Bishop on Unsplash)If you have already dealt with Bitcoin, you certainly know: the maximum number of Bitcoins is

Secure, Controllable, Decentralized Data Sharing: An Interview With bitYoga CEO Antorweep Chakravorty

Beyond its primary use case of powering cryptocurrencies, there’s no denying the priceless possibilities embedded in the underlying blockchain technology.  Coinfomania recently spoke to bitYoga CEO Antorweep Chakravorty. The Norway-based startup is a member of the EU-H2020 ARTICONF project and is piloting the adoption of blockchain technology for decentralized and secure data file sharing for the next generation of internet applications. He first spoke to us about how bitYoga got started. Antorweep was an associate professor of the University of Stavanger, Norway along with co-founder, Chunming Rong who was also

The New Land of Crypto Fundraising Is in Asia and Europe, Says PwC

Most of the fundraising in the cryptocurrency space shifted from the Americas to Europe, the Middle East, and Africa (EMEA), and the Asia Pacific regions (APAC), according to a recent report by Big Four auditing firm PwC.According to PwC's 2nd Global Crypto M&A and Fundraising Report, during 2019, fundraising efforts in the crypto space obtained 18% less funding, while funds in mergers and acquisitions (M&As) in the space decreased by 40%.As funding decreased overall, APAC and EMEA's share of the pie got larger. While APAC and EMEA saw 44% of