Archived Posts

The US subsidiary of Binance cryptocurrency exchange, Binance.US, has stated that the dollar deposits made by its clients receive insurance coverage from Federal Deposit Insurance Corporation (FDIC). The US focused crypto exchange underlined that the exchange retains the US dollar deposits in pooled custodial accounts at multiple FDIC insured banks. FDIC is a US government   Read more...

Jamie Dimon, CEO of JP Morgan Chase, has issued yet another controversial statement about cryptocurrencies. Dimon opined that the stablecoin Libra planned to be launch by Facebook is “a neat idea that will never happen.” Dimon issued the aforementioned comments while speaking at the Institute of International Finance conference which took place on October 18.   Read more...

To perform post-trade related activities, Archax, a London-based digital securities exchange, will utilize blockchain powered Corda platform developed by software enterprise R3. This implies post-trade handling will be done using distributed ledger technology based platform. In this regard, Archax will utilize a private version of Corda Enterprise platform within its network. Graham Rodford, CEO of   Read more...

ACINQ, a blockchain firm which works towards the deployment of the Bitcoin (BTC) Lightning Network (LN), unveiled Phoenix, the second-generation Lightning Network wallet, via Twitter. A video accompanying the tweet illustrates several wallet features, which can be accessed through a user-friendly interface. Setting up a new wallet is can be easily done through a single   Read more...

Emaar Properties, the renowned Dubai-headquartered real estate behemoth, has unveiled a referral and loyalty program based on its own blockchain token. Emaar, the developer behind Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to introduce the EMR token for rewarding its clients. EMR tokens, which are based on JP Morgan’s blockchain platform   Read more...

BlackBerry Cylance, a software firm involved in the development of anti-virus program, has identified malicious code in WAV audio files, implying that hackers are now using such files for mining cryptos without authorization from system owners. Such kind of malware campaigns, which hosts malicious code concealed in audio files with WAV format, is referred to   Read more...

The Singapore branch of CIMB Group, a major investment bank, has successfully completed its first trade funding transaction powered by blockchain technology based system developed by domestic trade funding firm iTrust Trading. The platform, which handled the deal, also used Internet of Things (IoT) technology, in addition to blockchain. By employing iTrust’s platform, which uses   Read more...

Karma Automotive, a California-based luxury electric car manufacturer headquartered in California, has started accepting cryptocurrency as a mode of payment at one of its showroom in Newport Beach. Karma Newport Beach now permits buyers to settle bills in Bitcoin (BTC), including other services associated with its vehicles. Regarding the acceptance of Bitcoin as payment, Karma   Read more...

The NBA basketball team Sacramento Kings has joined hands with CryptoKaiju to introduce a range of crypto collectibles. CryptoKaiju currently offers Ethereum blockchain based Kaiju toys. All through the 2019-20 basketball seasons, both companies intend to hand over 100 limited issue Kaiju collectible toys. A non-fungible token backs each collectible, implying that no two collectibles   Read more...