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ChainSafe Acquires Web3 Grant to Develop Polkadot Runtime

February 1, 2019 by Ogwu Osaemezu Emmanuel at News

ChainSafe, a Canadian distributed ledger technology (DLT) startup has secured a grant from the Web3 Foundation. The grant will enable the firm to develop a runtime environment for the Polkadot network using the Golang programming language, according to a Medium blog post on January 29, 2019. Polkadot Runtime In December...

Fidelity Bitcoin Jar Treasure Chest Investments

Fidelity Investments to Start Offering Bitcoin Custodial Services in March 2019

January 31, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News

Fidelity Investments, a Boston-based multinational financial services corporation, has revealed it would launch own bitcoin custodial service for institutional investors and cryptocurrency big whales in March this year, according to a Bloomberg report on January 29, 2019. Fidelity Still Betting on Bitcoin As reported by BTCManager earlier in October...

Cryptocurrencies Looking through a Window at Blockchain Technology

JPMorgan: Blockchain Technology Will Improve the Trade and Finance Sector

January 31, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Commentary, Finance, News

While the revolutionary distributed ledger technology (DLT) is slowly but steadily gaining traction in various sectors of the world economy including supply chain, healthcare, and others, American multinational investment bank, JPMorgan says it may take another "three to five years" before blockchain technology starts making meaningful impact on trade-finance, reported...

Man in Suit Holding Certificate with "Approved" Stamp

Gemini Becomes World’s First Crypto Exchange to Complete a SOC 2 Review

January 31, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News

Gemini, a U.S.-based regulated cryptocurrency exchange and custodian, has announced the completion of its Service Organization Control (SOC) 2 Type 1 examination conducted by Big Four auditor, Deloitte & Touche LLP. The examination makes it the first cryptocurrency trading platform and digital assets custodian in the world to demonstrate the...

VC 500 Startups Invests in Stablecoin Startup Stably

Fintech Firm Launches World’s First Hong Kong Dollar-Pegged Stablecoin

January 30, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, Finance, News, Regulation

Bitspark, a firm that claims to be the world's first bankless money transfer platform, has launched Sparkdex.HKD, the first stablecoin pegged to the Hong Kong Dollar (HKD). This is to encourage stablecoin diversification in other national currencies aside from the U.S. dollar, according to a Fintech Hong Kong report on January 29,...

Zagreb Skyline with Blockchains Flying through

Croatia’s City of Zagreb Set to Integrate Blockchain Technology

January 30, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Commentary, News

Several firms including Deloitte, Omega Software, and others have submitted proposals to authorities in the city of Zagreb to enable them to develop distributed ledger technology (DLT) based solutions that would handle the day-to-day processes of the region, reported local news source Vecernji on January 29, 2019. Croatia Joins the Blockchain...

Green Skull and Crossbones Hackers Hands

Report: Hacker Groups may have amassed up to $1 Billion in Hacked Cryptos

January 29, 2019 by Ogwu Osaemezu Emmanuel at News

According to a Wall Street Journal report on January 28, 2019, Chainalysis, a New York-based distributed ledger technology (DLT) firm has revealed that two expert hacker groups may be responsible for at least $1 billion in cryptocurrency exchange heists so far. Dominated by Two Sophisticated Groups At a time when...

BitTorrent Token sale Results Binance Screen Black Lights

Binance Launchpad: BitTorrent Token (BTT) Sold out within 18 Minutes

January 29, 2019 by Ogwu Osaemezu Emmanuel at News

Binance Launchpad, the exclusive token launch platform of Binance cryptocurrency exchange, has revealed that the token sale event of BitTorrent (BTT), a peer-to-peer file-sharing platform was hugely successful as the entire 59.4 billion BTT sold out within just 18 minutes, according to a blog post on January 28, 2019. Astronomical...

Premier Belarus Bank to Launch Crypto Exchange Despite Bear Markets

January 29, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Exchange, Finance, News

Belarusbank, the largest bank in Belarus, has reportedly revealed plans to launch a cryptocurrency exchange regardless of the ongoing crypto winter that has triggered more than 80 percent drop in the price of bitcoin, this according to local news source, BelTA, January 28, 2019. Bullish Bank According to Belarus 1...

Washing Money Laundering Fists Crush South Korea

Major South Korean Crypto Exchanges Launch AML Initative

January 29, 2019 by Ogwu Osaemezu Emmanuel at Business, Exchange, News, Regulation

Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019. Solidarity in Unity In a bid to curb the activities of criminals who use bitcoin and other distributed ledger technology...