Day: November 8, 2018

Crypto Exchanges Must ‘Grow or Die,’ Says Exec at Fintech Firm Cinnober

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A financial technology company that was founded a full decade before the bitcoin white paper came out is looking to help today’s cryptocurrency trading platforms mature. Cinnober, based in Stockholm, mainly provides tech solutions to traditional stock and commodity exchanges around the world. But this year it’s struck a handful of deals with crypto startups – most recently the Bitstamp exchange, which announced this week it will be the first in the space to use the vendor’s TRADExpress platform, alongside the likes of the London Metal Exchange. And it likely won’t…

Star Trek’s William Shatner Tweets in Support of Vitalik Buterin

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William Shatner’s positive Tweet posted yesterday, Nov. 7 about Ethereum (ETH) co-founder Vitalik Buterin has led to backlash from crypto Twitter about the alleged centralization of Ethereum’s network. Shatner is a Canadian actor who became a sci-fi icon for his portrayal of James T. Kirk, captain of the USS Enterprise, in the American television series Star Trek. Since then, the actor has become arguably equally as well-known for his role in television commercials as the Priceline Pitchman. The former spaceship captain turned Priceline spokesman has an audience of around 2.52…

Bitcoin News Crypto Currency Daily Roundup November 8

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Bitcoin News The rundown: Bitcoin and all major currencies were down in the morning; Global investment platform eToro is rolling out its crypto wallet; The Port Authority of Valencia joins the TradeLens blockchain project; the Abu Dhabi Securities Exchange issues a thought paper on infrastructure for crypto and distributed ledger environment, and financial market infrastructures; New York-based blockchain technologies firm Blocktech partners with the French University of Armenia to launch Armenia’s first academic Blockchain Lab; and more. Here is what is happening in the cryptocurrency market on Thursday. SEE: Blockchain…

Four ‘Young’ Hackers Booked in Cryptojacking Case Targeting Over 6,000 PCs

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Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8. Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. Aju Daily cites a statement from the National Police Agency’s cyber bureau that clarified that the four accused had not been detained, but would face a trial for allegedly infecting 6,038 PCs with malicious mining…

Radiant Earth Foundation teams up with Blockchain software company ConsenSys to Make Geospatial Data More Accessible

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ADVERTISEMENTS Radiant Earth Foundation, a non profit company that aims to simplify the overall process of using satellite imagery to equip global aid organizations with resources, is partnering with leading blockchain software company ConsenSys. With the partnership they hope to improve licensing processes for open Earth imagery and geospatial data. The blockchain technology offered by ConsenSys, makes information about our Earth more accessible to the organizations who need it most. When disaster strikes, non-governmental organizations need access to the most up to date imagery available. For example, geospatial satellite data can provide…

BetConstruct announces launch of Fasttoken; to expand product range

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The iGaming industry is one where products move pretty quickly and requires similar dynamism in launching new products. In this view, BetConstruct announces the launch of the Fasttoken solution to expand the range of offers for its clients. According to a news release, BetConstruct made the announcement during the Malta Blockchain Summit early this month. Per the release, the Fasttoken solution is a one-size-fit-all betting and wagering solution. BetConstruct announces launch of Fasttoken to expand user base The solution presents typical functionalities and characteristics of a blockchain platform. The fully…

Japan’s Shinsei Bank, Nippon Wealth Form Business Alliance with Blockchain Startup ConsenSys

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Japan’s Shinsei Bank has signed a Memorandum of Understanding (MoU) with blockchain startup ConsenSys to widen its exploration of the technology’s applications for finance, Cointelegraph Japan reports Nov. 8. According to an English-language press release published the same date, the MoU entails a business alliance between Shinsei Bank, Hong Kong-based restricted license bank Nippon Wealth, Singaporean private equity fund Tribay Capital, and ConsenSys. The latter was founded in 2014 by Ethereum (ETH) co-founder Joseph Lubin, and is currently headquartered in New York. The alliance between the four entities will focus…

Blackmoon reveals US market venture; to expand its client base

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Blackmoon, a company that tokenises traditional investment vehicles, has revealed a US market venture in an effort to bridge the gap between digital and traditional investing. In June, the firm announced that it would tokenise the Xiaomi IPO. Interestingly, this was even before the Chinese phonemaker made good on its intention to go public in Hong Kong. Tokenising assets Basically, the Blackmoon Platform offers solutions for asset managers and for investors. On the one hand, it enables the asset managers to create and manage tokenized funds. This is to say that the…

Square’s Bitcoin Revenue Increases by $6 Million in Q3, Profits Top $500,000

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U.S. financial services company Square revealed it generated $43 million in Bitcoin (BTC) revenue for Q3 2018 in its most recent shareholder letter Nov. 8. Presenting a digest of its total earnings and financial activities, Square, which introduced Bitcoin support in its Square Cash payment app earlier this year, saw cryptocurrency revenue grow by a total of $6 million compared to Q2. “Total net revenue was $882 million in the third quarter of 2018, up 51% year over year. This includes $43 million of bitcoin revenue,” the letter confirms, stating:…

Pilatus Bank officially shuts; after years of investigations

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Investigations tied to the 2016 Panama Papers are still rolling heads. As one of the victims, Pilatus Bank officially shut down on license withdrawal by the European Central Bank. Reportedly, the bank involved itself in an elaborate scheme to launder money. A number of leaked FIAU reports also allege that the bank had a role in high level corruption. In particular, the ECB arrived at the decision after the United States charged a former chairman of the bank. Specifically, the charges related to money laundering and bank fraud, Reuters reports. Further,…