Chainalysis Appoints Former FinCen Officer as Technical Counsel

Blockchain analysis firm Chainalysis has hired a former official from the United States Financial Crimes Enforcement Network and the Department of Justice as Chief Technical Counsel, according to a press release published on June 26 Chainalysis has appointed Michael Mosier as its new Chief Technical Counsel. Mosier will now be responsible for legal expertise of Chainalysis products such as data privacy and global anti-money laundering, sanctions, policy, and government issues. At Chainalysis, Mosier will work closely with Jesse Spiro, Global Head of Policy, who joined the firm from financial information services…

Crypto Platform Launches Smart Trading Feature to Speed Up Process of Buying and Selling

A crypto platform has unveiled a new Smart Trading feature that enables existing strategies to be executed with ease — cutting down the steps required to complete a trade so that users can react faster to ever-changing markets. Through Kryll, crypto enthusiasts can easily choose the exchange they wish to use for buying or selling cryptocurrency, their desired trading pair and the amount they wish to transact. From here, buy targets and stop-losses can be added instantly. For those who wish to embark on more complex strategies, an advanced mode…

Cortex Launches Deep Learning and AI Network for Decentralized Apps

Cortex has launched a network for decentralized apps powered by artificial intelligence (AI,) according to a news release published on June 26. The company claims this is the first time that AI has been introduced to a crypto network at scale. It is hoped the technology will be used to generate credit reports for the decentralized finance industry and facilitate anti-fraud reporting for exchanges — and Cortex believes the gaming and eSports sector could also benefit from a “diverse range of use cases.” Cortex CEO Ziqi Chen said: “In the near future, we expect to…

Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’

Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of Vanuatu. The Oxfam initiative, named UnBlocked Cash, was conducted in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. The Australian government also supported the program. Tsunamis, cyclones and volcanic eruptions comprise a constant concern for the citizens of Vanuatu, with WorldRiskReport describing it as the world’s most at-risk nation to natural disaster for five consecutive years. The month-long program saw 200 residents…

Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26 Per the report, the crypto asset would be used to settle payments on its new digital securities trading platform. The exchange reportedly announced during the Crypto Valley Association conference this week that users of its upcoming SDX platform will be able to swap fiat currency for a new stablecoin. The exchange explained that “SDX member banks will be able to settle their trades and other obligations against tokenised CHF…

Bitcoin Whales Are Cashing in as Gains Slip Away

After a wave of aggressive buying, bitcoin whales are taking some profits. The “big money” investors drove the price up as high as nearly $14,000 in the last 24-hour period, reminding the crypto community of how the market dynamics can change on a dime. Now it seems they are cashing in on some of their fortunes as the buying momentum stops dead in its tracks. After rising as much as 22% in the last 24 hours, the BTC first slashed those gains in half. Now the gains are slipping away.…

Chainlink (LINK) is launching on Coinbase Pro – The Coinbase Blog

Transfer LINK immediately into your Coinbase Pro account ahead of trading. Support for LINK will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date. After 10am PT on June 26, 2019, we will begin accepting inbound transfers of LINK to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading. Once sufficient supply of LINK is established on the platform, trading on the LINK/USD, and LINK/ETH order books will start…

JPM Coin | JP Morgan’s Crypto is Ready for Trials with Corporate Clients

JP Morgan is putting final touches on its much-awaited cryptocurrency JPM Coin. Bloomberg Japan reports that the financial institution is to start trials on the coin with corporate clients, as it also eyes regulatory approval for its use in the mainstream financial sector. JP Morgan Crypto JPM Coin runs on Quorum, which is a private version of the Ethereum network, developed by the bank. The coin is to function as a stablecoin where fiat cash is to be deposited in exchange for the token before one is allowed to carry…

Ethereum Need Developers Now Than Never, ETH Surging, Up 32.1%

Ethereum (ETH) bulls vibrant; prices surge 32.1 percent Serenity and similar hard forks demand developers Developers are crucial for any open source blockchain project. Ethereum may be the leader, but they still have to retain them. The network’s reliance is more pronounced now as they race towards Serenity. Meeting these milestones demand developer participation. If not, the platform will fizzle out even with lucrative bounty program in place. Presently, ETH bulls are steadfast, solid above $300 and rallying 32.1 percent from last week’s close. Fundamentals There are many proposals with…