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Vietnam Puts The Brakes On Cryptocurrency Use, Including Bitcoin

PYMNTS

The country’s state bank ruled that all cryptocurrency, not just Bitcoin, was an invalid form of payment. The financial authority released a statement last week declaring cryptocurrency an illegal, non-cash payment method. According to a statement from Martowardojo, users of cryptocurrency “would be dealt with.”

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WhiteBIT Partners with TOKEN2049 Singapore, Showcasing Innovations in Blockchain and Crypto Services

Fintech Review

The conference will take place on September 18-19, 2024, gathering key players from the blockchain and cryptocurrency sectors worldwide. Celebrating the second anniversary of its native cryptocurrency, WBT , WhiteBIT has seen its price double to over $10 with a market cap of $1.4

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Ex-US Bank Risk Officer Fined For AML Failure

PYMNTS

Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.

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55 US Companies That Became Unicorns In 2018

CB Insights

From gaming to healthcare to pizza delivery, US-based startups which reached unicorn status in 2018 represent a diverse range of industries. Silicon Valley produced plenty of $1B+ companies in 2018, but other parts of the country also had a strong showing. Check out our real-time Unicorn Tracker for a full list of $1B+ companies).

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Lack Of Insurance Hurts Crypto’s Push To Go Mainstream

PYMNTS

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. However, getting such coverage is almost impossible despite their best efforts.”.

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Bitcoin Daily: Ripple Surges, Chinese Billionaire Dumps Blockchain

PYMNTS

But with the market cap of Ethereum only slightly below that of Ripple — combined with the weak volume of XRP — it is likely that Ethereum will regain its position as the second-most valuable cryptocurrency soon. And according to new research conducted by Diar , the U.S. The data, according to Cryptovest , showed that the U.S.

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South Korea Detains Head Of Coinnest, Other Crypt Exchange For Embezzlement

PYMNTS

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. The action on the part of South Korean prosecutors is the latest in a series of raids the country has been conducting on the largest cryptocurrency exchanges.