[ad_1]
Launch of the "unbanked" blockchain initiative focused on Asia: Requesting a bank account has a myriad of requirements a day today, which has led to an increasing number of "unassigned" people, particularly in Asia, where credit reports are not often available. That's why a group of Xiaomi and Amazon alumni set up the Singapore Points company. The company raised $ 8 million in initial funding at the start of this year and supporters include Danhua Capital, Ceyuan Ventures and Zhong Cheng Xin Credit Technology, China's first national credit rating agency. The blockchain-based platform uses AI and big data to evaluate factors such as employment, payments and purchases to calculate a credit score for Chinese consumers. The concept has also been tested in Papua New Guinea.
Phone blockchain for Samsung? HTC's very late Exodus1 blockchain phone could have competition. Reports say that Samsung is throwing his hat in the ring with a cryptocurrency phone after the South Korean giant has filed patents that allegedly reveal cryptocurrency plans for its range of Galaxy devices. The industry speculation is that Samsung will provide new Galaxy devices with a "cold wallet" that has storage facilities for cryptocurrencies.
Money laundering in crypts: A new report by Fintech fraud and money laundering analyst CipherTrace states that 97% of all direct payments from criminals coming from criminals come from unregulated cryptocurrency exchanges and that 380,155 bitcoins have been received from exchanges of criminal sources between 9 January 2009 and 20 September 2018. The report indicates, without surprises, that the occurrence of money laundering is directly related to countries with "lax or deficient" AML regulations. The Q3 edition of CipherTrace of its illegal cryptocurrency anti-money report states "in essence, criminals are pouring large amounts of bitcoin dirt into these exchanges and other poorly regulated services – such as mixers – [to turn them] in "clean" cryptocurrencies. Then, they can transfer funds to the global financial payment system with little risk of being discovered. "CipherTrace says that in the first three quarters of 2018, 927 million cryptocurrencies were stolen by hackers and, by the Q2 report, CipherTrace recorded cryptographic $ 166 million.
And now there's a cryptic Cockney taxi driver: The next time you're in the capital of the UK and you're riding in one of his famous black cabs, apart from the infamous Cockney pandemonium, you might even be able to buy some Bitcoins. While London taxi drivers must pass a very tough exam, known as "The Knowledge" before obtaining a license, a driver is imparting a different kind of knowledge to his clients. Dave Jenkins, aka "the cryptotagist", sells Bitcoin from the back of his car via a touchscreen device. So it's that turn left at Ethereum, please?
Keep reading
[ad_2]Source link
