Technology News

GMO Suffers $5.6M Q3 Loss on Crypto Mining Operations

According to the IT giant’s latest financial report released on Monday, the figure is significantly larger than its second-quarter loss of 360 million yen or about $3.2 million.

New Crypto Exchange Security Scoring Model Provides Insurance Rates for Coin Owners

Group-IB has developed the scoring model in collaboration with Swiss insurance broker APIS AS’s CryptoIns.

ConsenSys Partners with Amazon to Introduce Marketplace for Enterprise Blockchain

ConsenSys’ subsidiary Kaleido has disclosed plans of launching a marketplace for plug-and-play services designed to support blockchain projects from the development of proof-of-concept to live production business networks.    

Singapore Unveils DLT-Based DvP Settlement System

The Monetary Authority of Singapore has collaborated with The Singapore Exchange to develop a blockchain-based settlement framework for Delivery versus Payment.

Data Security Summit to Give Blockchain and FinTech Insights

The Financial Services Data Security Summit, scheduled on November 15, will deliver blockchain and FinTech insights.

Accenture Announces Blockchain-Based Software License Management

Accenture has launched a new software license management application developed with the technology from Digital Asset.

eToro Provides $1M Investment in Blockchain Experiment Aimed at Reducing Wealth Inequality

eToro has revealed on Friday that “GoodDollar Experiment” will test a digital currency that provides social interest to the economically disadvantaged.

IBM Secures Patent for Blockchain-Based “Open Scientific Research”

The US Patent & Trademark has published a patent proposing a collaboration on the potential benefits blockchain technology could provide in tracking research work across institutional borders.  

BBVA Bank Executes World’s First Blockchain-Based Syndicated Loan

Spanish bank BBVA has just executed the world’s first blockchain based syndicated loan deal with Red Electrica Corporation.

Report Finds Many New York Crypto Exchanges Unsafe

A report by the New York State Office of the Attorney General (OAG) has discovered that numerous crypto asset exchanges lack the necessary consumer protections and safeguards, and are vulnerable to exploitation and manipulation.

SEC Brings KYC/AML Enforcement Threat to Decentralized Exchanges

Ethereum decentralized exchange IDEX’s decision to impose know-your-customer and anti-money laundering (KYC/AML) measures will most likely set a precedent to other decentralized exchanges, as the U.S. Securities and Exchange Commission (SEC) intensifies its enforcement proceedings against exchanges.

SP Group Launches Blockchain System for Trading Renewable Energy Certificates

Singapore Power (SP) Group, one of the leading utility providers across the Asia Pacific, has introduced a blockchain-based system for trading renewable energy certificates across a new marketplace.

Chinese Principals Use School Electricity to Mine Ethereum

Two Chinese principals were caught stealing power from the school to mine Ethereum.

Blockstream Releases Extended Functionality for Bitcoin Sidechain, Liquid

California-based blockchain firm Blockstream has just released a full node and wallet client for its newly launched sidechain for the Bitcoin (BTC) network, Liquid, concomitant with the launch of its new block explorer developed for monitoring transactions and other data.  

US SEC Charges EtherDelta Founder Over Operating Unregistered Exchange

Zachary Coburn, the founder of crypto trading platform EtherDelta, has settled charges filed by the U.S. Securities and Exchange Commission over operating an unregistered national securities exchange.