China’s Cosco Shipping will test out Ant Blockchain from Alibaba’s Ant Financial in an effort to simplify its business, Coindesk reported Wednesday (July 8). The firms noted that blockchain could be used to send out documentation that can be authenticated and can’t be modified like...
Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported. As a result, exchanges, and those...
Travala.com, the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. The feature was shelved at that time, as Expedia’s systems weren’t set up to accept bitcoin payments. But now...
To commemorate the Fourth of July holiday, Hamilton Fintech has launched the Jefferson Coin (JEF), according to a press release, a new stablecoin backed by a wide array of global assets. The coin will be followed up by two other coins, the Benjamin Coin and...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk. Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the...
Much has been written about how delivering fiat currencies digitally can boost financial inclusion and perhaps streamline financial services. The blockchain has been touted as the solution for any host of information and asset transfer issues — due in part to the fact that data...
Crypto security asset infrastructure company Curv notched $23 million in Series A funding with investment from Coinbase Ventures and CommerzVentures, among other firms, according to an announcement. The company also unveiled tX, which it describes as a top assembly of engineers and cryptographers that harness...
Microsoft reported that digital currency mining encounters dropped 40 percent from 2018 to 2019, according to a report. The tech company noted in the report that only 50 endpoints for each 100,000 came across a digital currency miner. Ethiopia was the country with the highest...
Balancer Pool suffered a complicated attack that took advantage of a technicality in its system, Coindesk reported. The identity of the attacker is still reportedly not known, and the hacker is said to have hidden his or her footprint effectively. Exchange aggregator 1inch said in a...
