Professor of Cambridge University Adrian Kent developed the concept of secure transactions via S-money, a new kind of virtual money "designed for high-value fast transactions on networks with relativistic or other trusted signalling constraints." The research article has been published in The Royal Society journal. … [Read more...] about Cambridge University professor develops new type of cryptocurrency
Hackers steal 7,000 BTC (~ $40 million) from Binance
Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest crypto exchanges. … [Read more...] about Hackers steal 7,000 BTC (~ $40 million) from Binance
Central banks conclude cross-border payments via blockchain for first time
The Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) have successfully discharged trial cross-border payments using blockchain technology and central bank digital currencies. This is the first of a kind testing, reports Coindesk. … [Read more...] about Central banks conclude cross-border payments via blockchain for first time
Paxos to launch gold-based cryptocurrency
New York-based firm Paxos is making waves in the world of cryptocurrency, as it plans to introduce digital tokens backed by precious metals this year. Just six months ago, a stable coin, Paxos Standard, was launched, linking cash reserves to blockchain. Fortune reports that before the year ends the company expects “any type of asset to be put onto blockchain.” Paxos CEO Chad … [Read more...] about Paxos to launch gold-based cryptocurrency
Crypto news in brief (April 18, 2019): Binance Chain, Sirin Labs, Coinbase, Binance, Japan, TON Labs
- Binance has launched its own blockchain - Sirin Labs has laid off 25% of its workforce - Coinbase has expanded crypto-to-crypto conversions and trading services to 11 more countries - Binance brought in $78 million in profits in Q1 2019 - Japanese FSA is planning to force cryptocurrency exchanges to tighten their security - TON Labs has partnered with German payment … [Read more...] about Crypto news in brief (April 18, 2019): Binance Chain, Sirin Labs, Coinbase, Binance, Japan, TON Labs
Crypto news in brief (April 16, 2019): CoinMarketCap, France, BitPay, BitMEX, Samsung
- CoinMarketCap has released a new version of its mobile app - France will actively support development of blockchain technology - Corporate Traveller has partnered with blockchain payment provider BitPay to accept payments in crypto - BitMEX is going to open a cryptocurrency options platform - Indian IT giant Tech Mahindra will use Nexledger blockchain platform developed … [Read more...] about Crypto news in brief (April 16, 2019): CoinMarketCap, France, BitPay, BitMEX, Samsung
France adopts cryptocurrency regulation
The French parliament last week approved a financial sector law that included rules aimed at tempting cryptocurrency issuers and traders to set up in France by giving them some official recognition, while ensuring the country can tax their profits. … [Read more...] about France adopts cryptocurrency regulation
Crypto news in brief (April 10, 2019): TrueUSD, Gibraltar Stock Exchange, PayPal, IBM, Stellar, World Wire, Digitec Galaxus
- TrustToken has published an audit report of its bank account holdings which are supporting the supply of TrueUSD - The Gibraltar Stock Exchange (GSX) is now allowing financial firms to list blockchain-based securities - PayPal invested in blockchain startup Cambridge Blockchain - Six international banks are planning to issue their own stablecoins on IBM’s payments … [Read more...] about Crypto news in brief (April 10, 2019): TrueUSD, Gibraltar Stock Exchange, PayPal, IBM, Stellar, World Wire, Digitec Galaxus