The cryptocurrency and blockchain company, Prasos Oy, is having troubles to find a banking partner. The Finnish bitcoin dealer has been trying different accounts in various banks, but it could not keep a long relationship with any bank. Apparently, Finnish banks are worried that the company may be trying to launder money.
The firm has announced that its venture extension is partnering with Blockdaemon in a hefty $3.3 million investment project.
The announcement was made after Fujitsu Research Development Centre, and Fujitsu Laboratories confirmed they had partnered to work on the development of an algorithm that believe can detect the flaws in any smart contract in Ethereum.
The European Commission has shown support for FinTech and Blockchain technology in a press release unveiled on Thursday. The title of the release is: “FinTech: Commission takes action for a more competitive and innovative financial market,” and exposes an action plan for technology developments to move forward.
HOQU, the first decentralized affiliate platform, has successfully run the first-rate blockchain conference in Moscow on February 21st. 35 top experts of crypto space and over 1,500 participants came from all around the world to visit Bitcoin Russia 2018/Global Blockchain and Fintech Forum.
The cryptocurrency market has been growing during the last year and it can keep doing it during 2018. Countries have been trying to avoid the side effects of cryptocurrencies by regulating the environment. At the same time, other countries tried to attract cryptocurrency investments with flexible regulations and a friendly approach towards them.
The President of Venezuela, Nicolas Maduro said that Venezuela had received 735$ million in the first day of the pre-sale of the national cryptocurrency petro. Currently there is no evidence for the invested capital that was presented. He added that tourism, gasoline and oil transactions could be made with petro.
During 2017, the cryptocurrency market expanded everywhere. New investors are entering the market while others keep trading during important price fluctuations. At the same time, Initial Coin Offerings grew as an option for new businesses to gather funds and start their blockchain related projects. But, can Initial Coin Offerings (ICOs) face legal problems? Yes, they can.