3 cryptocurrency scams you should know about

As for the traditional finance industry, the cryptocurrency industry is also attracting scammers or attackers. Several reasons can explain this. First, crypto markets are currently very popular, attracting a growing number of people and thus funds, which is attracting in turn scammers looking for easy money. Second, cryptocurrencies are known »

Institutional Investors’ Growing Interest in Cryptocurrencies

Key takeaways: Bitcoin and cryptocurrency prices have increased lately and remain bullish. Institutional players are moving to the crypto sphere recently. Several reasons from regulation to industry can explain this trend. In the past months, Bitcoin and Ether prices significantly increased: Bitcoin reached its all-time high value at $61,683.86 on »

South Korea: Updated crypto law enters into force today

Key takeaways: The law enters into force on March 25, 2021. It sets new AML requirements on virtual asset service providers including real-name verification, customer due diligence, reporting requirements, travel rule, etc. Concerned entities are granted a 6-month grace period to fully comply by September 24, 2021. On March 5, »

The biggest scams in the cryptocurrency ecosystem in 2020

This article was published in French on February 28th, 2021: https://www.cointribune.com/actualites/les-plus-grands-scams-de-lecosysteme-crypto-en-2020/  Although cryptocurrencies are revolutionizing traditional financial systems, they are also used for scams such as Ponzi schemes, ransomware and high-yield investments. Take the well-known example of PlusToken. This Ponzi pyramid allowed its creators to steal several billion in crypto »

Review: Scorechain participated in the launch edition of DADL.fin event

On Feb 16-17, Scorechain took part in the launch edition of DADL.fin (Digital Assets and Distributed Ledgers in Financial Services) virtual event, organized by FinTech Connect.  The event gathered players from banks, governments, and disruptors to discuss topics like institutional blockchain adoption, Central Bank Digital Currencies (CBDCs), cross-border payments, tokenization, »

FCA: Annual Financial Crime Report to be extended; cryptoasset businesses included

This August, the Financial Conduct Authority (FCA) in the UK published a consultation paper. The paper proposes to extend the scope of firms required to provide Annual Financial Crime Report (REP-CRIM) information. It should include firms that carry on regulated activities considered to potentially have higher money laundering risk, such »

Happy 5th Birthday to Scorechain

5 years ago, Scorechain was established in Luxembourg. It’s not so long ago but at this time Bitcoin was only 7 years old!  In 2014 when we started the project, we identified the future needs of analytics and tools for regulation and monitoring of digital assets. There was no token, »