Monthly Archives: June 2018

One of Europe’s Most Energy-Efficient Data Centers Tests BTC, ETH Mining

A Dutch data center is opening a cryptocurrency mining lab to test the effect of mining on their energy consumption and infrastructure cooling. Holland’s ITB2 Data Center has set up a cryptocurrency mining lab for Bitcoin (BTC) and Ethereum (ETH), according to a report by Emerce Thursday, May 31. The main purpose of the lab is to test the impact of blockchain technologies as regards their energy consumption and infrastructure cooling. The cryptocurrency lab will be housed in a 1500 m² ITB2 Data Center’s Apeldoorn location, which […]

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New Binance Listings Are Losing Their Luster

As one of the most liquid and globally accessible exchanges, Binance wields a lot of power. Listings are a big deal to cryptocurrency teams, representing a validation of their coin, and they’re also a big deal to investors, who can profit off the price boost that invariably ensues. Lately though, those pumps have been diminishing due to trader fatigue exacerbated by an increase in frequency of new listings. Also read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty The Unbouncing of Binance While any new coin added to […]

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Japan: Financial Watchdog Probes Crypto Exchanges Over AML Compliance

Japan’s financial watchdog has ordered several licensed crypto exchanges to improve their systems in order to satisfy anti-money-laundering requirements. Japan’s Financial Services Agency (FSA) has issued business improvement orders to multiple domestic crypto exchanges, Cointelegraph Japan reports today, June 1st. One of FSA’ main concerns is the exchanges’ compliance with anti-money-laundering (AML) requirements. The agency’s inspections revealed that several of the crypto exchanges under its aegis are failing to apply sufficient Know-Your-Customer (KYC) checks to confirm the identity of their users and prevent ‘bad actors’ from trading. […]

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Ex-Thomson Reuters Senior Executive Joins Blockchain KYC Startup

Greg Pinn, former risk intelligence executive at Thomson Reuters, has joined a Canadian blockchain company. Canadian blockchain regulatory compliance startup iComply Investor Services has hired a former Thomson Reuters executive as its head of strategy, Coindesk reports June 1. Greg Pinn, who previously served as head of the corporation’s risk intelligence and financial crime screening platform, has already taken up the post. Launched in 2017, iComply seeks to leverage blockchain in order to improve adherence of industry businesses to know-your-customer (KYC) rules, which executives have claimed forms […]

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Netherlands’ Land Registry to Test Blockchain Solution for Real Estate

The Netherlands’ Land Registry is testing blockchain for and expects to integrate the technology into its system “within one to three years.” The Netherlands’ Land Registry is expected to test blockchain technology for national real estate data, local tech platform Computable reported Thursday, May 31. Koen Huisstede, an enterprise architect at the Land Registry, has said that the institution is seeking to understand what the “relatively new” technology means for the property sphere, and expects a blockchain solution will be integrated into its system “within one to […]

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Bitcoincashers.org a New Web Resource Dedicated to Bitcoin Cash

The Bitcoin Cash Fund has launched a new web portal that’s focused on educating the masses about the many benefits of Bitcoin Cash. The new website Bitcoincashers.org plans to bring “everything Bitcoin Cash under one roof” showcasing the cryptocurrency as a fast and reliable payment method. Also read: Brisbane International is Now the World’s First Crypto-Friendly Airport Bitcoincashers.org Aims to Help Consumers and Businesses Learn to Use Bitcoin Cash Anytime The Bitcoin Cash Fund (BCF) wants to accelerate the adoption of Bitcoin Cash (BCH), and its new website […]

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Japan’s GMO Upgrades Margin Services, Launches Wallet and In-Game BTC Rewards

Japanese giant GMO Internet has made several announcements over the last two days. The first is the addition of four cryptocurrencies to its crypto exchange margin services. The second is the launch of the GMO crypto wallet for both iOS and Android platforms. The third is the launch of Cryptochips, which enables the distribution of crypto rewards within participating game apps. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upgrading Margin Services GMO Coin, the cryptocurrency exchange subsidiary of GMO Internet, has added four cryptocurrencies to […]

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Alibaba-Founded Insurtech Firm Promotes Blockchain Use in Healthcare Industry

Alibaba-founded Chinese tech incubator ZhongAn Tech applauds blockchain tech’s use cases in the insurance industry. China’s ZhongAn Tech is planning to use blockchain technology to cut risk and costs in healthcare insurance, local news outlet the South China Morning Post reported May 29. ZhongAn, the technology incubator for ZhongAn Online Property & Casualty Insurance, was founded in 2013 by Jack Ma, the chairman of Alibaba Group, Pony Ma Huateng, chairman at Tencent Holdings, and Peter Ma Mingzhe, chairman at Ping An Insurance. Jack Ma had previously referred […]

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Third Largest Crypto Exchange Launches Crypto-Based Exchange Traded Fund

Huobi exchange is today launching a crypto-based exchange traded fund (ETF) that tracks the 10 top-traded assets on its platform. Huobi, the world’s third largest cryptocurrency exchange by volume, is launching a crypto-based exchange traded fund (ETF) today, June 1, according to a company announcement May 31. An ETF is a financial derivative, more specifically a type of mutual fund that divides ownership of underlying assets – in this case crypto assets – into shares. The ETF tracks the value of these assets and is tradable during […]

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Top Crypto Exchange Binance Seeks 20 Major Partners for Giant $1 Bln Fund

Binance has confirmed it is seeking 20 large-scale investors for its new investment fund worth $1bln. Binance, currently the world’s largest cryptocurrency exchange by trade volume, plans to create a $1 bln cryptocurrency-based fund, an executive confirmed June 1. Using only Binance’s BNB tokens as an investment vehicle, the fund will be administered through the exchange’s incubator spin-off Binance Labs. Binance, which in April relocated to Malta, has already supported four blockchain projects through the incubator, among which was a $30 mln funding round for privacy-focused altcoin […]

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