The Need to Report Carbon Emissions Amid the Coronavirus Pandemic

JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report titled “Banking on Climate Change.” The bank recently joined a chorus of other financial institutions and endowments that have declared that they will, going forward, be reluctant to provide funding to the fossil fuel industry — which energizes emerging digital technologies and companies — in order to mitigate the effects of climate change.…

IOSCO Board Unveils Report Detailing Stablecoins and Securities Regulations

The board of the International Organization of Commissions, or IOSCO, recently unveiled a write-up on stablecoins as they may overlap with current market regulations, including securities laws.   Listing several other reports and touchpoints, the IOSCO board pointed toward stablecoin structure in its March 2020 report: “Ultimately, the applicability of any IOSCO Principles or Standards to global stablecoin proposals, including those similar to the Hypothetical Case Study, will depend on their specific design and their legal and regulatory characteristics and features, which need to be determined on a case-by-case basis, taking…

Blockchain-Fueled Company Mateon Report Positive Results For Multiple Covid-19 Drug Candidates

Sharing is caring! Created by the recent merger of TGF-beta RNA therapeutics developer Oncotelic and PoinTR – a cluster computer vision empowered blockchain company,  a new immuno-oncology company Mateon has been created. Mateon is dedicated to the development of first in class RNA therapeutics and is particularly focussing on the development of OT-101, a TGF-Beta antisense drug candidate and a potential solution for the global Covid-19 outbreak. ~ advertisement ~ Dr Vuong Trieu, President and Chief Executive Officer of Mateon stated: “We are excited about our platform for rapid response…

Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million

Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits.  Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, released their State of the Network report on March 23. The report focused on how the rest of the crypto market fared during the BTC crash two weeks ago. According to Coin Metrics data, stablecoins gained market share, spreads on spot and futures markets widened, and transfer fees spiked as people rushed to…

Voatz ‘Blockchain’ App Used in US Elections Has Numerous Security Issues, Says Report

Voatz, the Massachusetts-based company touting a blockchain-enabled mobile voting app, has been met with public criticism for a lack of transparency, among other things, particularly when it comes to data security. And with the threat of election tampering, the stakes are as high as ever. Voatz has been used in elections in West Virginia; Jackson County, Oregon; Umatilla County, Oregon; municipal elections in Utah County, Utah; as well as in runoff elections and municipal elections in Denver, Colorado. The public security audit by a reputable third-party firm that experts have…

New PlusToken Report Shows KYC May Be Smoke and Mirrors

A new report on the PlusToken Ponzi scheme shows regulated exchanges are being used to dump coins, despite stringent Know Your Customer (KYC) identify verification rules. Investigative company OXT Research has released a second edition of their in-depth blockchain analysis on the PlusToken scam. The report explained PlusToken funds generally moved from unmixed allotments and locations, to mixers. After mixers, the funds saw consolidation, and then finally distribution. OXT’s report said: “Approximately 80% of coins entering mixing have been distributed while up to 33,872 BTC remain in the mixer and…

Crypto Scams Pose More Risk Than Payments Fraud, Report Suggests

Cryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments. That’s the conclusion of a report released last week by the Better Business Bureau (BBB), a nonprofit organization focused on marketplace trust. The report found an average dollar loss in crypto-focused fraud of $3,000 for victims aged between 25 and 44. The relatively high figure was the result of nefarious actors taking advantage of those who lacked foundational knowledge of digital assets, BBB said. Thirty-two percent of scams involved the exchange of cryptocurrencies for…

‘Altcoin Season May Come Soon:’ Binance Research Report

Binance’s research department suggests that a so-called alt season may be approaching the cryptocurrency market. Reduced Bitcoin trading Binance Research, the market research arm of major cryptocurrency exchange Binance, released a report on Mar. 6 suggesting that the altcoin market will see renewed activity. Bitcoin trading volume dominance decreased from 40% to 27% in February, which the researchers recognize as one of the sharpest month-over-month changes. The researchers suggest: “If this trend were to continue, it would signify a greater appetite for altcoins from market participants.” Ethereum sees renewed interest…

Dow Futures Plunge 500 Points after Scary New Wuhan Report

Dow Jones Industrial Average (DJIA) futures fell 500 points overnight. Coronavirus cases spike higher again in Wuhan – the epicenter of the outbreak – dashing some hopes of containment. California declares a state of emergency after reporting first COVID-19 fatality. The Dow Jones soared to its second-largest points gain in history yesterday. But the momentum fizzled out overnight with Dow Jones Industrial Average (DJIA) futures down 500 points. The drop comes as figures out of Wuhan revealed a surprise spike in new coronavirus cases. It snaps a three-day decline at…

Crypto Contributes to Money Laundering Problems in Latin America, Report

Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says. Cryptocurrencies like Bitcoin (BTC) have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb. 27 report issued by threat intelligence firm IntSights. Titled “The Dark Side of Latin America,” the report claims that LATAM countries top the list of the world’s worst money laundering nations, while local crypto-related firms apparently lack Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.…