1. Blockchain Phones aren’t Far Anymore: HTC Exodus to Introduce on October 22
  2. Ex-Coinbase Executive Adam White to join ICE’s Crypto platform Bakkt as COO
  3. Crypto Hacks Caused Around $1 Billion Loss, So Far This Year
  4. XP Investimentos’ Crypto Exchange Won’t Enable Users to Deposit or Withdraw Bitcoin
  5. Roger Ver: Bitcoin.Com May Introduce Its Own Crypto Exchange
  6. CFTC Constraints Harder on Cryptocurrency Scam under Trump’s Administration
  7. Blockchain Startup to Fund British Masters Tournament
  8. Israel Securities Authority Adopts Blockchain to Improve Cybersecurity
  9. Bill Clinton Acknowledged Blockchain’s Immense Potential
  10. Siam Commercial Bank First to Experience Updated Ripplenet’s Multi-hop Payments Feature
  11. Ethereum to Rebound Strongly Towards the End of 2019: Tom Lee
  12. TD Bank to add blockchain and AI Solutions
  13. North Korea Multiplies the Crypto Usage to Refrain from US Sanctions
  14. Cryptocurrency Needs Regulation to Survive
  15. Binance Crypto Exchange Introduces Binance Info 2.0 
  16. Cryptocurrency market drops
  17. Coinbase Introduces Four New GBP Crypto Trading Pairs
  18. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  19. Recent slump not a setback: says the Ethereum founder.
  20. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  21. Utility of several top cryptocurrency questionable, says a study.
  22. Sinking Bitcoin Helps Crypto Miners Profit
  23. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  24. What makes the crypto markets “weak”?
  25. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  26. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  27. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  28. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  29. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  30. XRP Led Cryptocurrency Exchange By AlphaPoint
  31. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  32. HTC and crypto currency: virtual currency in the smart phone market.
  33. Crypto currency: the strife of RBI continues.
  34. United Kingdom set to become the world leader in cryptocurrency industry
  35. Resuscitation of the crypto currency markets.
  36. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  37. WEX exchange and its spectacular technical goof ups.
  38. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  39. Virtual Currency enters academics
  40. The newest Ripple (Pun intended).
  41. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  42. India lagging in virtual currency as RBI wins the legal battle.
  43. Ibinex: So far so good.
Tuesday, October 16, 2018
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  1. Blockchain Phones aren’t Far Anymore: HTC Exodus to Introduce on October 22
  2. Ex-Coinbase Executive Adam White to join ICE’s Crypto platform Bakkt as COO
  3. Crypto Hacks Caused Around $1 Billion Loss, So Far This Year
  4. XP Investimentos’ Crypto Exchange Won’t Enable Users to Deposit or Withdraw Bitcoin
  5. Roger Ver: Bitcoin.Com May Introduce Its Own Crypto Exchange
  6. CFTC Constraints Harder on Cryptocurrency Scam under Trump’s Administration
  7. Blockchain Startup to Fund British Masters Tournament
  8. Israel Securities Authority Adopts Blockchain to Improve Cybersecurity
  9. Bill Clinton Acknowledged Blockchain’s Immense Potential
  10. Siam Commercial Bank First to Experience Updated Ripplenet’s Multi-hop Payments Feature
  11. Ethereum to Rebound Strongly Towards the End of 2019: Tom Lee
  12. TD Bank to add blockchain and AI Solutions
  13. North Korea Multiplies the Crypto Usage to Refrain from US Sanctions
  14. Cryptocurrency Needs Regulation to Survive
  15. Binance Crypto Exchange Introduces Binance Info 2.0 
  16. Cryptocurrency market drops
  17. Coinbase Introduces Four New GBP Crypto Trading Pairs
  18. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  19. Recent slump not a setback: says the Ethereum founder.
  20. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  21. Utility of several top cryptocurrency questionable, says a study.
  22. Sinking Bitcoin Helps Crypto Miners Profit
  23. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  24. What makes the crypto markets “weak”?
  25. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  26. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  27. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  28. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  29. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  30. XRP Led Cryptocurrency Exchange By AlphaPoint
  31. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  32. HTC and crypto currency: virtual currency in the smart phone market.
  33. Crypto currency: the strife of RBI continues.
  34. United Kingdom set to become the world leader in cryptocurrency industry
  35. Resuscitation of the crypto currency markets.
  36. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  37. WEX exchange and its spectacular technical goof ups.
  38. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  39. Virtual Currency enters academics
  40. The newest Ripple (Pun intended).
  41. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  42. India lagging in virtual currency as RBI wins the legal battle.
  43. Ibinex: So far so good.

The Asia Times, which is a renowned news website inquired about the scenario regarding the use of crypto by the North Korean government (DPRK). They have approached Lourdes Miranda and Ross Delston regarding the subject.

Miranda is an independent financial analyst and a financial crimes investigator, and Delston is an independent Washington-based attorney and expert witness who specializes in anti-money laundering and combating the financing of terrorism (AML/CFT) compliance matters. According to both of them, North Korea is “increasingly” using cryptocurrencies to avoid sanctions imposed by the U.S.

The pair added that not only trading in crypto but, North Korea is aiming to build their own currency in the crypto market, even though the fiat assets are facing restrictions.

Both experts said, “International criminals everywhere prefer crypto-currencies and the DPRK is no exception. Crypto-currencies have the added advantage to the DPRK of giving them more ways to circumvent U.S. sanctions. They can do so by using multiple international exchangers, mixing and shifting services — mirroring the money laundering cycle.”

With this, they described the scheme that is in use by North Korean authorities. Initially, in the process, the government appoints people having agreeable personal identifiable information (PII), so that they can open a crypto wallet which can be used to trade cryptocurrencies. After this, local miners transfer crypto into “multiple” European wallets, where they are mixed and moved, which will puzzle anti-money laundering and know-your-customer (AML/KYC) systems.

Here, the procedure terminates with North Korean nominees acquire bitcoins and later converted into other popular cryptocurrencies. This will fragment the “linear pattern of transactions.”

Interestingly, in this process the source of the crypto asset is unnoticeable. Now, the government can exchange “laundered” coins to fiat. Hence, they can receive dollars by the end of this process without touching the sanctions.

Although, both of them did not elaborate on how they got this information or the approximate volume of the operations.

Amid this, a South Korean bank revealed in it’s report that, North Korea had tried to mine Bitcoin during May and July 2017, but the attempt was not fruitful. The bank report also included data on efforts to create a North Korean crypto exchange.

Apart from that, in February Priscilla Moriuchi who is also an expert and a former top National Security Agency official, spoke to Vox that the DPRK could be making whopping amount of $200 million for its nuclear and ballistic missile projects through its cryptocurrency channels.

Apparently, countries on which the U.S. has imposed sanctions are trying to explore cryptocurrency and the possible uses of it. Presumably, it can facilitate international transactions. For example, Venezuela introduced its controversial “oil-backed” Petro coin, which is not very prominent yet. Also, Iran is planning to design its own national cryptocurrency.

On this note, new cryptocurrencies are awaiting to enter the market.

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