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With solar panels flooding power grids with more electricity than some utilities companies may know how to handle, telecom giant Vodafone and blockchain nonprofit Energy Web have devised a communications solution. This SIM-based identity system could turn grids’ increasingly distributed capacity into an information and control boon for the utility, said Walter Kok, CEO of
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Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019. The report also found that 88%
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Despite local cryptocurrency uncertainty, Russia is strengthening its leadership on major peer-to-peer exchange LocalBitcoins in the share of Bitcoin (BTC) trading volumes. Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020, according to an analysis by crypto media startup CryptoDiffer. Russia trades nearly twice as much BTC
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Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand Returning Despite Covid-19 Travala.com, a website where travelers can book flights from over
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More blockchain companies set up shop in Hong Kong in 2019 than firms from any other fintech sub-sector, according to a report from the region’s Financial Services and the Treasury Bureau. Representing 39% of the 57 fintechs that InvestHK, the government-owned inward investment advocate, wooed last year, blockchain outgrew the wealth tech, payments, cybersecurity, regulatory
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Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services. Maerki Baumann Launches Cryptocurrency Trading Desk and Custody Service The Swiss
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