Category: Business

Minimum order size for bitcoin trades at Circle, one of the largest liquidity providers and over-the-counter (OTC) digital asset marketplaces in the world, has shot up to $500,000. That’s 100 percent higher compared to where the figure stood previously. Rising OTC order sizes OTC services are optimized for high net worth institutions and individuals looking to conduct large cryptocurrency trades…

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Xunlei, a China-based multinational firm has been dragged to Court by investors who feel they were deceived by the firm to invest in its ICO project in 2017. Initial Coin Offering or Puff of Smoke? The CEO of Xunlei, Chen Lei has strongly refuted accusations leveled against his firm claiming that they misled investors in a bid to organize a…

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ICICI Bank, India’s second-largest private financial institution, is making significant progress in its blockchain-related efforts that first came to light in 2016. According to a press release issued by the bank April 17, 2018, over 250 of its corporate customers have since “signed up on the Bank’s blockchain application.” ICICI Bank Continues with Blockchain Drive After setting up a new…

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Changpeng Zhao, the esteemed CEO of Binance, has announced a partnership with Crypto Savannah that will focus on implementing blockchain solutions in Uganda. The Binance CEO tweeted the news from the country, where he has met with the local Blockchain Association to discuss collaboration to promoting economic development. The partnership also features other figures spearheading development in Africa. Aggie Konde,…

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The fine issued by the Financial Industry Regulatory Authority (FINRA) to Tezos co-founder Arthur Breitman could reportedly affect the Tezos project, especially if the SEC deems its tokens to be a security. On April 18, 2018, Breitman was fined $20,000 for alleged violations of FINRA regulations, a charge he neither admitted nor denied. FINRA also suspended him from associating with…

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E-commerce leader Amazon has recently won a patent which grants them the authority to set up a streaming data marketplace, allowing the users to view cryptocurrency transactions in real time. Subsidiary Wins Patent Granted to a subsidiary – Amazon Technologies – of the e-commerce and cloud computing giant, the patent details a system where individuals and organizations are allowed to…

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IBM announced that its blockchain technology-based trade finance platform, Batavia, has successfully passed its first set of live transactions on the network on April 19, 2018. The purpose of the platform is to be able to “track and trace key events in the supply chain” as well as use IoT devices to log details about the “location and condition of…

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At a time when several cities and nation-states of the world are warming up to regulating the blockchain and cryptocurrency ecosystem, Kraken, a pioneer bitcoin and altcoin exchange, have made it clear to New York regulators that it won’t respond to their irrelevant inquiries. Mind Your Own Business At current, several cities in the United States are tailoring their cryptocurrency…

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On April 18, 2018, Paris-based hardware wallet manufacturer Ledger, officially announced added support for the Woleet project, a blockchain-based timestamp, and signature app, to its crypto hardware wallet Ledger Nano S. A Cost-Effective Way to Certify Digital Documents on the Blockchain In the existing physical system, authenticating documents can lead to discrepancies and human error thus slowing down logistics processes…

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In a major development, Bithumb – one of South Korea’s largest cryptocurrency exchanges – announced its plans to issue a native digital token called Bithumb Coin later in 2018. Bithumb’s ICO Aspirations A local Bithumb subsidiary is developing the token, according to a person with close knowledge of the matter. However, the subsidiary’s details remain unknown. According to reports, the…

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