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One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors. Per ET News, the bank said that it wants to launch crypto “ecosystem” operations, and also spoke of its long-term plans which include offering custodial services to...
The city government of Beijing and the surrounding area has announced a new two-year plan to foster the Chinese capital’s blockchain industry. Per an official announcement from the People’s Government of Beijing Municipality, the capital’s plan involves setting up blockchain technology talent training authority, and establishing a city-run fund that...
Bitcoin (BTC) mining difficulty is estimated to adjust tomorrow, offering a small change to miners following the highest adjustment in two years recorded two weeks ago. The next adjustment is expected to happen on Tuesday afternoon (UTC time). The next adjustment is expected in a day. Per the current estimates...
Things are hotting up for crypto users in Brazil, where commercial bank Banco Topázio has announced that it will be using monitoring and transaction tracking solutions provided by blockchain security firm and data analysis specialist, Chainalysis – to monitor the crypto services it provides to its clients. In a Chainalysis...
Hackers rose to the challenge of stealing a bitcoin – with a “brute force” cryptanalytic attack allowing raiders to crack into a wallet and make away with the BTC 1 booty. Alistair Milne, the chief investment officer at the Altana Digital Currency Fund, had set the world of social media...
So, somebody today sent over USD 100 worth of ethereum (ETH) for a fee of over USD 2.5 million. Yes, in that order. The transaction caused an uproar in the Cryptoverse. Per transaction details, this person sent ETH 0.55, at the time worth USD 133.93, but they paid a whopping...
The results of a recent survey of 774 institutional investors in the US and Europe confirm that interest in and acceptance of cryptoassets as a new investable asset class is growing, according to Tom Jessop, President of Fidelity Digital Assets. The subsidiary of the US-based mutual fund giant Fidelity surveyed...
Sekisui House, Japan’s biggest housebuilder, says it will launch a blockchain-powered home leasing platform for its Sher Maison range – and could allow renters to sign contracts and pay utility bills using blockchain-based solutions directly from their smartphones. Per Cnet Japan, Sekisui House says that the platform will be a...
Bitcoin (BTC) mainstream adoption is more about people using the underlying Bitcoin network rather than a bunch of wealthy investors and institutions coming in to hold the underlying asset, according to MIT Digital Currency Initiative Director Neha Narula. Narula and Lightning Labs CEO Elizabeth Stark were discussing Bitcoin and the...
Russian companies remain optimistic about their plans to tokenize the mining and extraction of oil, gas and other natural resources, including precious metals – despite lingering concerns about legislation and regulatory hurdles. As previously reported, Russia may be sliding toward a crypto crackdown – with a new draft bill proposing...