Bitmain Technologies, the world’s leading manufacturer of Bitcoin mining equipment, has strengthened its international presence by appointing Fastblock and Bit5ive as official distributors of Antminers in South America. The news was released by Newswire, December 12. Bitmain Aiming for South American Market Share Latin America is becoming what California was for gold hunters in the
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The United States Securities and Exchange Commission (SEC) has dragged the founders of Shopin (SHOPIN) to court for organizing a fraudulent initial coin offering (ICO) that enabled them to sell unregistered securities to investors from August 2017 to April 2018, according to a press release on December 12, 2019. SEC Shuts Down Shopin Shopin (SHOPIN),
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After a stellar 2019 performance, Tezos (XTZ) appears set to upstage Stellar (XLM) and break into the top-10 crypto rankings based on market capitalization. Meanwhile, Kraken has joined other crypto exchanges in launching XTZ staking promising returns of up to six percent. XTZ Looking to Upstage XLM According to data from CoinMarketCap, XTZ is less
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Ethereum blockchain development firm ConsenSys has reportedly shuttered its operations in India and Philippines “due to a realignment of the sales and services team” in the two countries. This, according to a report by Coindesk, December 11, 2019. Company Realignment to Blame Joe Lubin, one of the co-founders of Ethereum blockchain reportedly informed ConsenSys teams
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In a blog post published on December 12, 2019, Binance cryptocurrency exchange’s U.S. arm – Binance.US – announced that it will be listing Enjin (ENJ) and ICON (ICX) digital tokens. Binance.US Adds ENJ and ICX Support Binance.US, the U.S.-centric arm of Maltese crypto exchange Binance now allows its users to trade ENJ and ICX digital
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ING Bank, a Dutch multinational financial services corporation with total assets of $1.1 trillion, has announced that it’s actively working on its blockchain-based virtual currency custodial platform, to enable its clients to store their bitcoin (BTC) and altcoins securely. Though the custodial solution is still in its early stages, the bank says it sees huge
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SEBA Bank AG, a Swiss-based, lender licensed by the nation’s Financial Market Supervisory Authority (FINMA) to offer a range of traditional banking services as well as cryptoassets products to its clients, has now expanded its operations to nine new jurisdictions including Italy, Germany, and Singapore, among others, according to reports on December 12, 2019. SEBA
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Napoleon Asset Management launched the first Bitcoin Fund in France regulated by Autorité des Marchés Financiers (AMF), an independent public body that is responsible for safeguarding investments in financial instruments. As reported by LesEchos on 11 December, the fund will be accessible only to institutional investors. The First French Crypto Fund The fund, launched by
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In the world of cryptocurrency, scams and fraud have become commonplace as new, unwitting retail investors enter the market and with huge expectations and limited sense of how to wade around the space. A Ponzi scheme in existence since 2014, BitClub Network, has been outed as Bloomberg reports that American regulators have arrested three of the
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Kraken, a leading digital asset exchange, found a hardware vulnerability in ShapeShift’s KeepKey wallet, allowing a variable flow of voltage to bypass the pin code required to open the wallet. KeepKey customers are advised to ensure nobody else has physical access to their wallet, and to enable a BIP 39 passphrase to reduce vulnerability, December
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