Author: David Pan

Despite Denials, Tron Founder Confirms Investment in Poloniex Crypto Exchange – CoinDesk

CoinDesk

Justin Sun, founder of crypto platform Tron, said he is part of the investor group that recently acquired Poloniex from fintech firm Circle, after denying his involvement initially. Speaking at a joint Tron-Poloniex event live-streamed over Twitter on Tuesday, Sun Read More

Huobi’s ‘Regulator-Friendly’ Blockchain Goes Open Source – CoinDesk

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Huobi Chain, the regulator-facing public blockchain of exchange Huobi Group, is now open source and publicly available to all developers on GitHub, the firm said Tuesday. Nervos, a blockchain development startup, is providing part of the technical infrastructure for the Read More

Tencent to Build Virtual Bank After Hong Kong Regulator Approves License – CoinDesk

CoinDesk

Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai Read More

DBS Bank Partners with Singapore Government to Launch Blockchain Trade Platform – CoinDesk

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Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade. Alongside the Singapore government and the International Chamber of Commerce, these firms are looking to reduce the number of paper-based processes involved Read More

Einstein Crypto Exchange Seized by Canadian Securities Regulator – CoinDesk

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Canadian securities regulators have seized control of the Einstein crypto exchange. The British Columbia Securities Commission (BCSC) announced Monday that it had filed to take control of Einstein Exchange after the platform announced its planned closure in the next 60 Read More

Huobi Cloud to Offer White-Label Exchange Services in Middle East, Africa – CoinDesk

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Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi exchange, Read More

From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects – CoinDesk

CoinDesk

The Takeaway: More than 500 blockchain projects have been registered with the Chinese government since March. The filings reveal some of the largest Chinese banks and tech companies working with the technology. Several government offices, including courts and tax bureaus, Read More

Former World Gold Council Exec Develops New Bitcoin ETF – CoinDesk

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The former managing director of the World Gold Council and the portfolio manager behind SPDR Gold Shares is developing a bitcoin exchange-traded fund (ETF) with boutique asset manager Kryptoin Investment Advisors. The Cayman Islands-based firm has filed an initial registration Read More

Fidelity Digital Assets Opens to All Qualified Investors – CoinDesk

CoinDesk

Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of its custody and trading services, expanding from the limited trial users in the platform’s final test stage, according to a Financial Times interview. The business had initially been expected to Read More

Foxconn Founder: Libra Can ‘Converge’ With China’s Digital Currency in Taiwan – CoinDesk

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Terry Gou, Taiwan’s richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook’s Libra cryptocurrency project. In a recent, little-noticed speech, the billionaire and one-time presidential candidate said Taiwan could boost Read More

South Korea’s Blockchain ID Service Raises $8 Million in Series A – CoinDesk

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ICONLOOP, a South Korean blockchain startup that provides digital identification services, received its first venture capital investment through an $8 million Series A funding round, the company said. ICONLOOP is a subsidiary of DAYLI Financial Group, one of the largest fintech Read More

Hackers Launch Widespread Botnet Attack on Crypto Wallets Using Cheap Russian Malware – CoinDesk

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With millions of dollars cryptocurrency stolen from crypto wallets every year, security researchers were surprised to find one active botnet being run for about $160. The bargain Trojan malware is called MasterMana Botnet, which uses mass mailing to send phishing Read More