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Cryptocurrency Daily Roundup - March.12

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Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

US imposes sanctions on Russian financier of Venezuela's Petro

The U.S. Department of the Treasury designated Evrofinance Mosnarbank, a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies, for supporting Venezuelan state-owned oil company Petroleos de Venezuela S.A. (PdVSA), which has already been targeted by Washington for corruption, embezzlement, and money laundering by the Maduro regime.

Malta's financial regulator partners CipherTrace to monitor Crypto firms

Malta's financial watchdog is is in deal with blockchain security firm CipherTrace to monitor regulatory compliance of crypto-related business firms operating in the Republic of Malta, a cryptocurrency-friendly nation. The Malta Financial Services Authority (MFSA) will use CipherTrace's compliance monitoring solution to oversee and manage business risks of Malta's licensed virtual asset businesses and cryptocurrencies.

Multibillion-Dollar fake Cryptocurrency project leader arrested in US

US Federal agents arrested Konstantin Ignatov, the top leader of an international pyramid scheme that stole billions from investors through the marketing of a fraudulent cryptocurrency called OneCoin. Ignatov and his sister Ruja Ignatova - the founder and original leader of OneCoin - were indicted with charges of wire fraud, securities fraud, and money laundering offenses. Ruja Ignatova remains at large.

CULedger, IBM to Deliver Blockchain Services for Credit Unions

Credit union-owned CULedger said it will work with IBM to use permissioned blockchain technologies to create an immutable audit trail. With this, credit unions can create new business models and enhance existing business processes. Initial services on CULedger's blockchain network will be available to credit unions worldwide beginning later in 2019.

Deutsche Börse, Swisscom, Sygnum to build digital asset ecosystem

Deutsche Börse Group, Swisscom and Sygnum are partnering to jointly build a trusted and regulatory compliant financial market ecosystem for digital assets by leveraging blockchain's Distributed Ledger Technology (DLT). The core elements of the solution will include issuance, custody, access to liquidity, and banking services for digital assets by using DLT in a regulatory compliant environment.

Current Prices

As of this writing, Bitcoin is rising 0.55 percent or $21.21 at $3862 on Coinbase. Ethereum is gaining 1.15 percent or $1.51 at $132.77.

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