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Posts by ccwadmin

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China

China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan have been threatened by local authorities. Sources say a hydropower station discharge sparked a…

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Licensed Malaysian Crypto Exchange Integrates Market Surveillance System

Licensed Malaysian Crypto Exchange Integrates Market Surveillance System

Malaysian digital asset trading platform Tokenize Xchange announced that it will be deploying cryptocurrency market surveillance tools developed by the New York-based Solidus Labs.  The firm says this will help the exchange achieve Wall Street-grade market surveillance standards. The solutions provided by Solidus Labs will use machine learning to read thousands of factors including trading…

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Japanese Cryptocurrency Exchange Leads National Digital Payments Study

Japanese Cryptocurrency Exchange Leads National Digital Payments Study

Digital asset exchange DeCurret is leading Japan’s three megabanks in a new study group to look into developing a national digital settlement infrastructure. Convening with the oversight of the central bank and the country’s financial watchdog — the Financial Services Agency (FSA) — Decurret said on June 3 that the group would seek to define…

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US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’

Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments…

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