Blockchain-based payment system PumaPay has announced the launch of a new cryptobilling solution which has secured PCI (payment card industry) compliance. PullPayment Protocol will enable multiple payment scenarios and all the familiar billing methodologies used with credit cards. “PCI compliance puts PullPayment Protocol on the...
Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website, CoinLaunch was consulted on two ICOs, with both determined to be securities. CoinLaunch reportedly created the tokens, white papers and websites, advised on...
The head of a bitcoin escrow company has been charged with defrauding investors for $7 million. The U.S. Attorney’s Office of the Southern District of New York, part of the Department of Justice (DOJ), revealed that it has brought two counts each of commodity and...
New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. The division will also look at new way to use technology to address financial exclusion; identify and protect consumer data...
Union Bank of the Philippines is experimenting with blockchain for remittances, as its chairman believes that the technology can boost financial services in rural areas. Chairman Justo Ortiz revealed that the bank is allowing overseas Filipino workers to send money home quickly while also maintaining...
Swedish cryptocurrency exchange QuickBit revealed to investors that it accidentally leaked 300,000 customer records via an unprotected MongoDB database. “QuickBit has recently adopted a third-party system for supplementary security screening of customers. In connection with the delivery of this system, it has been on a...
Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it wasn’t related to Libra. “Before I begin my questions, I just want to take a moment to commend the South Dakota Division of...
A ransomware virus that the FBI has been tracking since 2018 has been detected in China. According to CoinDesk, a recent Tencent Security report stated the virus — named Ryuk — has infected more than 100 government and private enterprises in the U.S., with hackers...
Horizon Blockchain Games announced that it has raised $3.75 million in a seed round, led by Reddit Co-Founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital. The company has already built an online game, SkyWeaver,...
