Technology News

Chinese Insurance Tycoon Ping An’s Blockchain Arm Sets Terms for $468M IPO

The blockchain and AI subsidiary of China's major insurance agency Ping An Insurance, OneConnect Financial Technology, has set the terms for its recently revealed initial public offering (IPO).

Cryptocurrency Exchange CryptoBridge Closing Operations, Citing ‘Increasing Regulation’

U.S.-headquartered decentralized crypto exchange CryptoBridge is shutting down, citing a few reasons, including "increasing regulations." 

Kakao’s Upcoming Wallet Will Support Native Dapps, Tokens

Kakao's coming wallet for its "klay" digital currency will also support blockchain applications and tokens based on the company's Klaytn blockchain. 

OKCoin’s Operator to Invest $140M in China to Facilitate Blockchain Adoption

OK Group, the operator of digital currency exchange OKCoin, is set to put $140 million in China to encourage blockchain adoption. 

Central Bank of Sri Lanka Calls for Blockchain-Based KYC Proposals

The Central Bank of Sri Lanka intends to establish a blockchain-based know-your-customer (KYC) platform. 

Cisco Wins Patent to Secure Data in 5G Network with a Blockchain

Network tech tycoon Cisco has won a patent specifying how it could use blockchain to secure the information in 5G telecommunication systems. 

IBM Wins Patent for Preventing Anonymous Packages Theft by Drones

Amazon, DHL, and FedEx are developing drones that deliver packages to your door. However, IBM imagines a future where drones take them instead.  

Kakao CEO Says Klaytn Blockchain Is Ahead of Libra’s Development

South Korean internet tycoon Kakao CEO Yeo Min-soo stated that his company's Klaytn blockchain is like Facebook's Libra except that it is way ahead in its advancement. 

Bitcoin Exchange Kraken Joins Silvergate Exchange Network

Kraken, one of the biggest and most established Bitcoin (BTC) exchanges worldwide, has joined the Silvergate Exchange Network (SEN).

HSBC Plans to Track $20B Assets on a Blockchain Early Next Year

HSBC bank is intending to track around $20 billion in assets on a blockchain-based custody platform early next year

Swiss Executive Branch Calls for Better Regulatory Framework for Blockchain

The Federal Council of Switzerland has called for an improved regulatory system for distributed ledger technology (DLT) and blockchain in the nation.

South Korean Crypto Exchange Upbit Confirms Theft of Ether Worth $49M

South Korean cryptocurrency exchange Upbit has confirmed it has lost digital currency worth $49 million.

Another Crypto Exchange Is Delisting Privacy-Focused Monero Over Compliance Risk

One of the top cryptocurrency exchanges in Eastern Europe is to delist the privacy-focused monero digital currency to keep up with worldwide anti-money-laundering standards.

Chinese Authorities Shut Down Crypto Exchange BISS, Arrest Staff Members

Chinese officials shut down local digital currency exchange BISS and captured ten individuals alleged of being engaged with its operations. 

EU Sets Up €400M Blockchain, AI Fund to Prevent Lagging US, China

A new fund has been established with the intention of avoiding the EU lagging behind countries like the U.S. and China on blockchain and artificial intelligence (AI) development.