– Binance will create a Secure Asset Fund for Users (SAFU)
– Japan’s internet giant GMO launched an upgraded BTC miner
– Malta’s parliament passed three bills regulating the crypto industry
– Bittrex along with invest.com is launching a digital trading platform for EU residents under the invest.com brand
Spanish ruling party Partido Popular (the People’s Party) proposed a bill to use blockchain in running country’s public administration.
***
Employees of Qiwi Blockchain Teсhnologies (QBT), a subsidiary of Russia’s leading payment service provider Qiwi, launched a crypto investment service, dubbed HASH. HASH is based on a classic business model of investment banking applied to crypto assets. HASH will engage in discovering, evaluating, and marketing quality blockchain projects.
***
Binance will create a Secure Asset Fund for Users (SAFU), where the exchange will allocate 10% of all trading fees received to offer protection to users and their funds in extreme cases. This fund will be stored in a separate cold wallet.
***
Japan’s internet giant GMOlaunched an upgraded BTC miner with the hash rate 33 TH/s equipped with 7nm ASIC mining chips, known as GMO miner B3. The miner supports “cryptocurrency mining of SHA256 and can execute mining of bitcoin and bitcoin cash.” As of July, the price tag of the miner is $1,999.
***
Microsoft‘s branch in Taiwan signed a blockchain cooperation agreement with Chinese companies Digital China and Hot Cool. The deal focuses on implementing the distributed ledger technology in finance, e-commerce and entertainment.
***
Malta’s parliament passed three bills regulating the crypto industry – on virtual financial assets, on digital innovation activities and on innovative technology and services. In doing so, Malta has become the first country to take a decisive step on defining the legal framework regarding cryptocurrency
***
Bittrex, the US crypto exchange, along with invest.com is launching a digital trading platform for EU residents under the invest.com brand. According to the official site, invest.com was founded in 2014 and has developed its own trading platform, offering derivative trading, portfolio management, algo-trading and equity trading under European license to 31 countries in Europe.
