Altcoin Buzz

Recent announcements from the German Financial Authority have proved that the organization realizes blockchain's innovative potential and does not want to inhibit growth with regulation. Recently, Felix Hufeld, the President of the Federal Financial Supervisory Authority in Germany (BaFin), said that BaFin’s goal for cryptocurrency regulation is to protect financial stability, not individuals. BaFin’s role in Germany is to protect consumers...

MegaFon, Rostech, Gazprombank, and USM created a joint venture to use blockchain. Multiple Russian corporations, including the state-owned Gazprombank, have created a joint venture to develop projects in blockchain TASS reported on June 9. MegaFon, a Russian telecom company together with Gazprombank and government corporation Rostec and USM Group have created a joint venture called MF Technologies (ITF). The joint venture...

The European Union, the world's largest trading bloc, has announced that on the 18th of June, 6 pm CEST, it will hold an Ask Me Anything session about blockchain. The high-level event will be organized by the EU Blockchain Observatory and Forum, an initiative of one of the EU's lawmaking bodies, the European Commission (EC), and is expected to last for...

In a positive step forward by the South Korean government, regulations will be implemented to ensure cryptocurrency exchanges are classified as a legitimate financial sector. Like with the many other countries we at Altcoin Buzz have reported on, South Korea is the next country to take positive steps in the adaptation of Cryptocurrencies. Over the course of many months, the...

Binance CEO, Zhao Changpeng, declares that there will be Euro to crypto trading on the platform later this year with more currencies to come. According to Binance CEO, Zhao Changpeng, Binance will allow Euro to crypto trading later this year with other fiat currencies on the horizon. Earlier this year, Binance moved their headquarters from Hong Kong to Malta due...

In a shocking announcement, Coinbase revealed the next asset to be listed on their platform, Ethereum Classic (ETC). "We plan to offer support for Ethereum Classic in all geographies where the asset is compliant with local law." Coinbase announces the next coin to be listed on their platform, Ethereum Classic (ETC). Trading will not begin anytime soon, unfortunately, as it...

Last week, Apple updated their App Store Review Guidelines, adding new rules regarding cryptocurrency mining. The new rules include a blanket ban on all cryptocurrency mining software on Apple’s App Store. This ban was brought about after the popular “Calendar 2” app added an optional Monero (XMR) miner in an update. Before the update, Calendar 2’s premium features were only...

Good news for democracy, bad for those trying to undermine it: The Swiss "Crypto Valley", the canton of Zug, will allow its residents to partake in a blockchain-based vote this month. The Swiss city wants to find out whether this technology is applicable on a national level, writes Swissinfo.ch Hence between June 25 and July 1 the residents of Zug...

CFTC Commissioner, Rostin Behnam, has a positive outlook on the future use cases of virtual currencies, specifically in poverty, agriculture, and health care. In his speech, he said, "We are witnessing a technological revolution.  Perhaps we are witnessing a modern miracle." On June 4th, the commissioner of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, gave a speech at...

A new Canadian legislative draft outlines the necessity for better anti-terrorism financing (ATF) and anti-money laundering (AML) efforts. Included in this draft are references to virtual currencies and virtual currency exchanges. According to the draft, in the years of 2015 and 2016, the Canadian Financial Action Task Force (FTAF) evaluated Canada’s current AML and ATF efforts and identified “a number...