Stablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token

Stablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token Stasis, a Malta-based issuer of stablecoins, has hired accounting firm BDO Malta to conduct quarterly and annual audits of its financials, including the euro reserves backing the startup’s EURS token. The engagement aims to dispel any doubts that EURS stablecoins are backed one-to-one by euros. Many cryptocurrency…

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Facebook Seeks Blockchain Talent for Five New Company Roles

Facebook Seeks Blockchain Talent for Five New Company Roles Facebook has listed five new blockchain-related jobs on its careers page within the past three weeks, two of which were first listed Dec. 5 and 6. The positions currently open for applicants are two software engineer roles, a data scientist post and a data engineer — all full-time roles at the company’s…

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Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say

Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBC TV18 reported on the framework on Dec. 6. The article cites an unnamed source as noting that “the panel…

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South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10. Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the…

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Australia: National Transport Insurance Partners on Blockchain for Food Safety Trial

Australia: National Transport Insurance Partners on Blockchain for Food Safety Trial Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad. The trial was reported by local transport industry magazine Fully Loaded ATN on Dec. 10. NTI will reportedly be partnering with BeefLedger, an Australian “integrated provenance, blockchain…

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Bitmain Closes Israel Development Arm Citing Crypto Bear Market

Bitmain Closes Israel Development Arm Citing Crypto Bear Market Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm. According to a report from financial news source Globes, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets. All 23 employees,…

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