TokenPost reporter
Charissa Echavez
Reporter
Stories by Charissa Echavez
- Fundament Group gets approval from German regulator BaFin to launch $280M real estate token
Germany-based firm Fundament Group has received the go signal from the Germany Financial Market Supervisory Authority (BaFin) to distribute the country’s first tokenized real estate-backed bond worth €250 million (~$2…
· Business
- Civic to develop new crypto wallet using BitGo's MultiSig Technology
Blockchain identity firm Civic Technologies has partnered with BitGo to develop a new crypto wallet.
· Business
- Crypto trading app Robinhood achieves $7.6B valuation after securing $323M funding
Crypto trading app Robinhood has secured $323 million in a recent Series E funding round.
· Business
- Bitfinex, Tether claim NYAG filings were 'inaccurate and misleading'
Bitfinex and Tether have submitted multiple filings on Monday, claiming that the previous filings of the New York Attorney General (NYAG) were misleading.
· Regulation
- Bakkt commences user acceptance testing for its bitcoin futures
Bakkt, a subsidiary of New York Stock Exchange (NYSE) parent company Intercontinental Exchange (ICE), has started testing the delivery of BTC futures.
· Business
- Ping An's OneConnect partners with UnionBank's UBX to launch blockchain-powered financing platform for MSMEs
Ping An Insurance’s financial technology unit OneConnect announced its partnership with UBX, the fintech subsidiary of Philippine’s UnionBank, to use blockchain to offer financial services to micro, small, and medium …
· Technology
- Mercedes-Benz' parent company Daimler partners with Riddle & Code to develop crypto hardware wallet for cars
Daimler, the parent company of Mercedes Benz, has partnered with blockchain company Riddle & Code to develop a hardware wallet for automobiles.
· Business
- Binance lists GBP-backed stablecoin 'BGBP'
Cryptocurrency exchange Binance is adding support for GBP-backed stablecoin, Binance GBP Stablecoin (BGBP), as per its announcement.
· Business
- Blockchain startup Diana to launch 'lunar registry' to divide and tokenize the moon
Blockchain startup Diana is launching a new “lunar registry” that will put plots of space on the lunar surface in an ownership database.
· Technology
- Iran finalizes power tariff scheme for crypto miners but no license for importing mining equipment yet
The Iranian Economic Commission has reportedly finalized an electricity tariff scheme for cryptocurrency miners, according to local news outlet Financial Tribune.
· Regulation
- Crypto firm FairX closes digital doors due to lack of funding
Crypto banking firm FairX has closed its digital doors after it failed to secure funding for a banking license.
· Business
- Electric firm E.ON applies patent for blockchain-based data collector device
German electric utility firm E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office, according to the company’s filing on July 19.
· Technology
- Accounting giant KPMG partners with Microsoft, TOMIA, and R3 for blockchain-based telecom solutions
Accounting behemoth KPMG has partnered with software companies TOMIA, Microsoft, and R3 to develop a blockchain-based settlements solution for the telecom industry.
· Technology
- Fidelity Digital Assets applies for trust license in New York: Report
Fidelity’s crypto arm Fidelity Digital Assets (FDAS) has reportedly applied for a trust license at the New York Department of Financial Services (NYDFS), according to The Block citing anonymous sources with knowledge …
· Regulation
- New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
The New Jersey Bureau of Securities and Attorney General Gurbir S. Grewal accused a Princeton-based blockchain-driven company of offering and selling unregistered securities.
· Regulation
- Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
An antitrust advocacy group has called on all the 28 member companies of Facebook’s cryptocurrency initiative to drop the Libra project.
· Insights & Views
- Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
Apple co-founder Steve Wozniak has invested in a new blockchain-based, energy efficiency company, called Efforce, that will be based in Malta, according to local news outlet The Malta Independent.
· Business
- Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
Crypto derivatives provider ErisX announced that it is now a member of the Chamber of Digital Commerce, a leading trade association that advocates the digital asset and blockchain technology industry.
· Business
- Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
Cryptocurrencies such as Facebook’s Libra need to be held “to the highest regulatory standards,” as they posed a threat to global financial stability, according to a Group of Seven (G7) taskforce as reported by Reuters.
· Insights & Views
- Anchorage receives charter to open crypto custody shop in South Dakota
Cryptocurrency firm Anchorage announced that it received a license from the state of South Dakota for a new subsidiary.
· Business
- Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
The Bank of Thailand (BOT) announced that its Project Inthanon is heading to its next step, after releasing the outcomes and findings of its Phase II.
· Technology
- MOBI launches first vehicle identity standard on blockchain
Mobility Open Blockchain Initiative (MOBI) announced that its member-led Vehicle Identification Working Group has created and released the industry’s first vehicle identity (VID) standard on blockchain.
· Technology
- Blockchain-based game studio Horizon secures $3.75M investment led by Reddit co-founder
Blockchain-based game studio Horizon Blockchain Games has secured $3.75 million in seed funding led by Reddit co-founder Alexis Ohanian’s Initialized Capital.
· Business
- Huobi transitions to new ERC-20 token in collaboration with Stable Universal, Paxos
Singapore-based cryptocurrency exchange Huobi is poised to shift its HUSD token to an ERC-20 token via a collaboration with crypto startups Stable Universal Limited and Paxos Trust Company.
· Business
- Coinbase rolls out new data trading signal tools to help users make informed decisions
Cryptocurrency exchange Coinbase has launched a suite of new signaling tools that will help crypto beginners understand trade.
· Business
- Tether's USDT stablecoin to go live on the Algorand blockchain
U.S. dollar-backed Tether USDT stablecoin is poised to launch on the Algorand blockchain.
· Business
- North Carolina's Lt. Gov. Forest launches blockchain initiative, creates dedicated task force
North Carolina Lieutenant Governor Dan Forest launched an initiative to look into the “unique attributes and uses-cases” of blockchain technology.
· Technology
- Hacked Bitpoint Japan to reimburse 50,000 affected users in cryptocurrency
Cryptocurrency exchange Bitpoint Japan said it will compensate the estimated 50,000 users who lost their assets following a recent hacking attack with cryptocurrency, according to media outlet Asahi Shimbun.
· Business
- France poised to approve first batch of crypto companies under new policy this month
France is set to approve the first batch of initial coin offering (ICO) operators and other crypto businesses under its new policy, which is slated to be implemented later this month.
· Regulation
- Tether accidentally mints then burns $5 billion USDT tokens
Stablecoin issuer Tether mistakenly minted and subsequently burned $5 billion worth of its USDT tokens, according to a tweet by Whale Alert.
· Business
- Many blockchain solutions of IBM, TCS, Wipro go live as clients see potential
Blockchain technology solutions of IBM, TCS, and Wipro are now starting to be used in live projects, marking a shift from using them for proof of concept (PoC) or pilot projects, according to the Economic Times.
· Technology
- R3 releases 'Token SDK' developer toolkit for business tokens on Corda
Enterprise blockchain technology firm R3 has launched “Token SDK,” a developer tool kit that allows businesses to roll out tokens on its Corda blockchain platform.
· Technology
- IMF warns banks must evolve or be 'left behind' amid the rise of digital money
The International Money Fund (IMF) has warned that banks are at risk of being “left behind” as big tech companies shake up the financial system.
· Insights & Views
- Waves CEO sells all his stake in blockchain project Vostok; GHP Group now the sole owner
The founder of token issuance platform Waves has completely sold all his stake in the firm’s blockchain spin-off Vostok to concentrate on the Waves platform.
· Business
- U.S. Treasury Secretary Steven Mnuchin shares 'very serious concerns' on Facebook's Libra cryptocurrency project
United States Treasury Secretary Steven Mnuchin echoed President Donald Trump’s sentiments on cryptocurrencies, saying he has “very serious concerns,” including Facebook’s proposed Libra and its potential illegal use.
· People
- Crypto market maker Altonomy secures $7M investment from Polychain Capital
Cryptocurrency trading desk and market maker Altonomy has secured $7 million in a seed round led by Polychain Capital, a San Francisco-based crypto-focused investment firm. It is also funded by Singapore’s 7 Blocks.
· Business
- David Marcus' opening statements released ahead of Facebook's Libra hearing
David Marcus, head of Facebook’s crypto wallet Calibra, has some reassuring words for members of the Congress, as the United States Senate Banking Committee released his opening statements ahead of the cryptocurrency …
· People
- UK drafts new 'Economic Crime Plan' to tackle cryptocurrency crimes
The British government has drafted a new Economic Crime Plan to tackle financial crimes, including an “intervention on crypto assets.”
· Regulation
- Seed CX subsidiaries secure BitLicense from NY Department of Financial Services
The New York State Department of Financial Services (DFS) has granted licenses to two subsidiaries of Chicago-based cryptocurrency exchange Seed CX, as per an announcement made by Financial Services Superintendent Lin…
· Business
- Iran eyes launching new CBI-approved, gold-backed cryptocurrency: Report
Iran will reportedly release a gold-backed cryptocurrency, which will be mined under the permission of the country’s central bank, local news outlet Mehr reported citing Shahab Javanmardi, CEO of FANAP, an Iranian inf…
· Regulation