Monthly Archives: August 2018

China: University IT Research Institute Partners to Form Blockchain Research Center

The Research Institute of Tsinghua University has partnered with China’s institutional financial firm to establish a blockchain research center. The Research Institute of Information Technology (RIIT) of Tsinghua University (THU) has partnered with a subsidiary of China’s institutional financial firm to establish a blockchain research center, according to an Aug. 1 press release. The RIIT has signed an agreement with Sheng Ying Xin Management Consulting Co., Ltd., a contractually controlled and managed company of China Internet Nationwide Financial Services (CIFS). The two organizations will jointly research and […]

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BTC Trades Sideways, Other Top 20 Coins See More Notable Losses

Bitcoin has tested a slight rebound, trading at sideways while total market cap stands its ground. Thursday, August 2: Bitcoin (BTC) and Ethereum (ETH) are trading around yesterday’s levels, while other top 20 coins are seeing notable losses, according to data from Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is up around 0.3 percent over the past 24 hours and trading at $7,579 at press time after testing a slight rebound today. The top cryptocurrency keeps trading sideways, with an intraday low of $7,451, according to the […]

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SBI Plans Derivatives Platform, Huobi Eyes 30% Korean Market, Thai Four-Crypto ATM Unveiled

Japan’s SBI Group is reportedly planning to create a crypto derivatives platform. In South Korea, Huobi is taking an aggressive approach and expects to achieve a 30% crypto market share. Meanwhile, a Thai crypto exchange has unveiled an ATM that supports four cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SBI Plans Derivatives Platform SBI Crypto Investment, a subsidiary of Japanese financial services group SBI Holdings, has acquired a 12% stake in North Carolina-based Clear Markets, Nikkei reported Tuesday. While the acquisition price was not […]

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Financial Services Firm Opens Doors to Crypto Hedge Funds

The crypto industry has received another boost with the entry of financial services giant Northern Trust in a quiet but significant move. The firm, which manages over $10.7 trillion in assets, has added blockchain features into its private equity workflow, while extending its administration services to a select group of hedge funds betting on digital assets. Institutional Entry at Long Last? For months, the cryptocurrency market has waited for the expected entry of institutional finance, an event which is expected to herald its coming-of-age as a bona […]

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South Korea’s Financial Watchdog Calls for Integrated Blockchain System for Stock Trading

South Korea’s Financial Supervisory Service has advocated for the development of an integrated blockchain system for stock transactions, based on the results of a detailed study. South Korea’s Financial Supervisory Service (FSS) has advised local regulatory agencies and companies to work towards developing an integrated blockchain system for stock transactions, according to an official report published August 2. The FSS undertook a detailed analysis of international stock exchange operators’ use of blockchain technology to date, focusing on existing initiatives in the U.S., Japan, UK and Australia, among […]

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Philippines Securities Regulator Issues Draft of ICO Rules, Requests Feedback From Public

The Philippines SEC has issued a draft memorandum on ICOs, inviting banks and investors to review it. The Philippines Securities and Exchange Commission (SEC) has published a set of draft rules for regulating Initial Coin Offerings (ICOs) for public review, according to an official statement August 2. In the SEC’s Memorandum Circular, the agency stipulates that any company registered in the Philippines looking to run an ICO, or any ICO selling tokens to Filipinos, must submit an “initial assessment request” to the Commission to determine whether or […]

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The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

Over the last day, BCH proponents have been celebrating the ‘Bitcoin Cash Independence Day’ which marks the anniversary of the August 1 blockchain split that took place a year ago. During festivities, the BCH community sent a ton of transactions over the course of the day and on August 1, 2018, the Bitcoin Cash network processed 687,000 on-chain transactions. The metric outpaced Bitcoin Core’s (BTC) daily transaction record by over 200,000 transactions showing the world some of the benefits of a chain that utilizes larger blocks. Also […]

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CEO of Allegedly Compromised Wallet Bitfi Calls Teenage Hacker’s Claims ‘A Disgrace’

Controversy is swirling around hardware wallet company Bitfi after it rejected claims by a fifteen-year-old that he had hacked its product. Cryptocurrency hardware wallet manufacturer Bitfi called claims their wallet had in fact been hacked a “disgrace” in comments to Cointelegraph August 2, as controversy around the company’s security prowess builds. In a statement to Cointelegraph, Bitfi CEO Daniel Khesin said that it had “absolutely no evidence” the wallet was insecure: “As of now, we have no evidence that our device can be hacked and if someone […]

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Philippine SEC Approves Draft Rules for ICOs and Crypto

The Philippine SEC (Security and Exchange Commission) approved draft rules for initial coin offerings (ICOs), ABS CBN News reported. This official approval will pave the way for the legal sale of cryptocurrencies in the Philippines. The Securities and Exchange Commission has released, for public comment, the proposed rules to govern the registration of initial coin offerings, which will be considered when the actual rules will be implemented, SEC Chairman Emilio Aquino said. Also read: Philippine SEC to Develop Cryptocurrency Regulations All Entities Embarking on ICOs to Register […]

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FT: UK MP Resigns From Two Blockchain Roles Over ‘Secret’ ICO Pay Deal Controversy

The former chair of the UK Tory party has resigned from two blockchain-related roles after investigations into an allegedly undisclosed ICO pay deal. A high-profile UK Conservative Member of Parliament (MP) has resigned from two blockchain-related positions after media investigations into an allegedly undisclosed pay deal for his advisory role in a blockchain startup, FT Alphaville reported yesterday, August 1. Grant Shapps, the former chair of the Conservative party until his resignation in the throes of a 2015 bullying scandal, tendered a dual resignation this week from […]

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