TokenPost reporter
Charissa Echavez
Reporter
Stories by Charissa Echavez
- Winklevoss twins may partner with Facebook on cryptocurrency
Winklevoss twin brothers Tyler and Cameron, the co-founders of cryptocurrency exchange Gemini, said they are open to partner with Facebook’s cryptocurrency Libra.
· People
- Malta-based crypto exchange CGEX to shut down after less than a year of operation
Coinone Global Exchange (CGEX), a cryptocurrency exchange launched by major South Korean exchange Coinone in Malta, will shut down its services next month.
· Business
- Bank of America files patent for multi-tiered crypto wallet
Bank of America, the second-largest bank in the U.S. by assets, has applied for a patent for a digital currency wallet with multiple layers of asset access.
· Technology
- Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
Crypto exchange startup INX Limited is reportedly planning to secure $129.5 million through an initial public offering (IPO), according to CoinDesk, citing a prospectus.
· Business
- New York court denies Bitfinex, Tether's lack of jurisdiction claim
The New York State Supreme Court ruled that it has jurisdiction to adjudicate the case between the New York Office of the Attorney General (NYAG) and iFinex, the owner of Bitfinex and Tether.
· Regulation
- Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
Bitcoin derivatives exchange BitMEX has announced that it will restrict users from Hong Kong, Seychelles, and Bermuda from accessing its platform.
· Business
- Blockchain CRM startup Cere Network scores $3.5M funding from Binance Labs, Arrington XRP Capital
Cere Network, a San Francisco-based blockchain customer relationship management (CRM) solution provider, has secured $3.5 million in a seed funding round.
· Business
- 97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
Nearly all cryptocurrency exchanges in South Korea are on the verge of bankruptcy, according to Business Korea.
· Insights & Views
- Philippines' central bank approves 2 new cryptocurrency exchanges
The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has given two companies the go signal to run virtual currency exchanges (VCEs) in the country, according to local news outlet PhilStar Global.
· Business
- Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS) has established a new Code of Practice together with multinational law firm Linklaters, targeting cryptocurrency entities operating in Sin…
· Regulation
- Facebook's Libra to be discussed as U.S. delegates visit Switzerland
Facebook’s Libra cryptocurrency will be discussed as a delegation of the U.S. House of Representatives will pay a visit to Switzerland in the coming days.
· Regulation
- Oracle sues blockchain startup CryptoOracle for having a similar name
Software development giant Oracle has accused blockchain startup CryptoOracle for trademark infringement and cybersquatting.
· Business
- Indian state of Maharashtra to implement blockchain in different applications
The government of the Indian state of Maharashtra is planning to introduce a regulatory sandbox to use blockchain technology in different applications.
· Technology
- Binance Jersey's Twitter and domain name hacked; to reward hacker for the compromise
Binance Jersey’s Twitter account has reportedly been hacked by an anonymous Twitter user called @LightningNetwo9 on August 16.
· Business
- Coinbase password glitch affects 3,420 users
Cryptocurrency exchange Coinbase has revealed a possible vulnerability, disclosing that a smaller part of its clients’ passwords was stored in clear text on an inner web server log.
· Business
- Australia warns retirees over heavily investing in cryptocurrency self-managed pensions
The Australian Tax Office (ATO) has issued 18,000 warning letters to investors of self-managed super funds (SMSFs) for concentrating the majority of their retirement savings in cryptocurrencies, according to local new…
· Regulation
- South Korea's Jeju Island launches new blockchain initiative
South Korea’s Jeju Island announced the launching of the Blockchain Hub City Development Research Service, which will be investing 175 million won ($145,000) for research that will be conducted until December.
· Technology
- Ripple's Xpring gives 1 billion XRP grant to content platform Coil
Ripple’s ecosystem initiative Xpring announced that it gave 1 billion XRP (~$256 million) grant to web monetization platform Coil.
· Business
- Crypto miner Coinmine secures $2.5M seed funding
Cryptocurrency mining firm Coinmine has scored $2.5 million seed round investment, led by investment company M13.
· Business
- Crypto lending platform Lendingblock receives Gibraltar DLT license
Lendingblock, a fully collateralized crypto-to-crypto lending platform, has been granted a distributed ledger technology (DLT) license by the Gibraltar Financial Services Commission (GFSC).
· Business
- Craig Wright faces another fake document allegation from Bitmessage founder Jonathan Warren
Bitmessage developer Jonathan Warren testified against Craig Wright, the Australian computer scientist who claims to be the inventor of bitcoin, accusing him of producing fabricated documents.
· People
- IRS sends out new warning letters to crypto tax evaders
The U.S. Internal Revenue Services (IRS) is sending out another round of letters to cryptocurrency holders, but unlike the 10,000 notices sent out last month, the new ones will include the specific amounts owed by tax…
· Regulation
- Terra Stablecoin Alliance signs South Korean music streaming platform Bugs
Stablecoin creator Terra has added South Korean music streaming platform Bugs to its e-commerce alliance, according to CoinDesk.
· Business
- UK advertising body supports complaints against BitMEX's bitcoin ad
The United Kingdom’s Advertising Standards Authority (ASA) claimed that a bitcoin ad placed by crypto derivatives exchange BitMEX has misled investors by using a log chart to inexplicably highlight the growth of crypt…
· Regulation
- South Korea's Shinhan Bank partners with Kakao's Ground X and Hexlant to develop blockchain-based security system
Shinhan Bank, the oldest bank in South Korea, has partnered with two fintech companies to develop a blockchain-based security solution.
· Technology
- Blockchain firm Findora appoints ex-Coinbase CTO Balaji Srinivasan as new strategic advisor
DeFi blockchain project Findora has appointed Balaji Srinivasan, the former chief technology officer of major cryptocurrency exchange Coinbase, as its new strategic advisor.
· People
- United Nations investigates North Korean cyberattacks in 17 countries; South Korea gets the hardest hit
The United Nations is investigating at least 35 instances in 17 nations of North Koreans using cyberattacks to raise money illegally for its nuclear program.
· Technology
- UK Pension and Welfare Agency looks into blockchain potential to transform payments system
The United Kingdom pension and welfare agency said blockchain and distributed ledger technology (DLT) are potential disruptors of the payments industry.
· Insights & Views
- FATF is not developing a crypto transaction monitoring system with 15 countries
The Financial Action Task Force (FATF) debunked earlier reports that 15 countries have purportedly collaborated to establish a new system that would collect and share personal information.
· Insights & Views
- Bitex, Bantotal partner to use bitcoin for cross-border payments in Latin America
Cryptocurrency exchange Bitex has entered into a partnership with financial software firm Bantotal to expand its cross-border payments system on the bitcoin blockchain across Latin America.
· Business
- EY to help WiV Technology develop blockchain-based fine wine trading platform
Big Four auditing firm EY has been selected by WiV Technology to provide technology services for the development of its fine wine investment trading blockchain platform.
· Business
- Congressional Research Service outlines pros and cons of blockchain solution use
The Congressional Research Service has recently released a report that examines the pros and cons of using blockchain in the energy sector.
· Insights & Views
- Upcoming crypto derivatives exchange Blade scores $4.3M funding from Coinbase, SV Angel
Upcoming cryptocurrency derivatives exchange Blade has secured $4.3 million in seed funding from major investors including cryptocurrency platform Coinbase and investment firm SV Angel, according to a report by Tech C…
· Business
- Colu to buy back all ICO-issued CLN tokens as it pivots away from blockchain business
Colu DLT, a subsidiary of Colu Group, announced that it is closing down its blockchain-based Colu Local Network and is offering to buy back and burn the CLN tokens sold to investors during its initial coin offering (I…
· Business
- Bezant enters $10B prepaid market with Korea Prepaid Card investment
Korean Prepaid Card has invested in Singapore-based Bezant, in a bid to introduce new products and services to cater to the global payments market.
· Business
- Power Ledger, KEPCO bring blockchain-based energy trading platform to Japan
Blockchain-based energy trading platform Power Ledger has successfully completed a 5-month trial with Kansai Electric Power Co. (KEPCO), the second-largest utility in Japan, demonstrating the benefits of their peer-to…
· Technology
- New Zealand's ASB Bank invests in TradeWindow for distributed ledger technology trade platform development
New Zealand’s ASB Bank has invested in blockchain startup TradeWindow, in a bid to fast track the development of a distributed ledger technology (DLT) trade platform.
· Business
- IBM, Tata Communications join Hedera's blockchain governing council
IBM and Indian telecom firm Tata Communications have joined the governing council of Hedera Hashgraph, a distributed ledger platform for enterprises.
· Business
- Cryptocurrency exchange MidChains bags 'seven-figure' investment from Abu Dhabi sovereign wealth fund Mubadala
Abu Dhabi-based Mubadala Investment Capital, the 13th largest sovereign wealth fund in the world, has invested in cryptocurrency exchange MidChains, according to local media outlet Gulf News.
· Business
- South Korea's SK group considers developing blockchain-based donation platform and two utility tokens
SK Corporation C&C, the IT arm of South Korea’s SK Group, has revealed its plan to establish a donation platform based on a fork of the Ripple blockchain. The platform will support a stablecoin and utility coin, CoinD…
· Technology