A new report has been revealed by the cryptocurrency fund research which shows that 239 cryptocurrency funds have been launched during the year 2018, however, the report also shows that the number of fund closure was also increasing. Its CEO, Josh Gnaizda explained, “Nearly half of all crypto funds launched this year were launched in Q1 2018 when euphoria over prices was still peaking.”
A well-known peer-to-peer platform, LocalBitcoins have recently announced that they have been attacked by the hackers last weekend. In a post on Reddit, “We would like to inform that today 26.01.2019 at approximately 10:00:00 UTC, an unauthorised source was able to access and send transactions from a number of affected accounts.”
The financial regulators in Poland have granted two cryptocurrency firms in the country with the payment license which will allow the registered payment provided to offer a variety of payment services and solutions. The two firms granted are Coinquista and Bitclude which are offering crypto-related services such as exchange platforms, digital wallets etc.
A new platform, Moonie offers a digital desktop accounting program mainly designed for small-scale cryptocurrency investors and traders. The platform claimed to offer a solution which could help the user in preparing for tax time reporting. It’s also reported to enable users to generate reports such as the complete breakdown of balances, gains, fees and holds.
A cryptocurrency payment provider Coinify have added the support for BitcoinSV (BSV), confirmed in its press release. The CEO of Coinify, Mark Højgaard then commented, “Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range make this possible.”
Federal prosecutors are following up on civil lawsuits against Huawei by launching a wider investigation into the company and its trade practices. Although the controversy surrounding Huawei is nothing new, the alleged criminal investigation could widen between American and Chinese trade delegates at a time when both sides appear to be making important progress on a bilateral deal.
The Canadian Bankers Association have expressed need for the country to develop a digital identification system powered by blockchain and biometrics technology. In white paper published in May 2018 entitled “Canada’s Digital ID Future – A Federated Approach” emphasised to create a legal framework to enable the creation and usage of digital ID solutions under one national strategy.
The largest logistics giants in the United States, UPS, have recently unveiled the equity investment and partnership with a blockchain B2B firm, Inxeption. The CEO of Inxeption said, “Business customers need secure platforms that protect their customer data and proprietary information while making it easy for them to interact and even collaborate more effectively with their customers.”
A partnership has been established between a blockchain company, Terra with Mongolia’s capital city of Ulaanbaatar in introducing the country’s first ever blockchain payment system. The co-founder of Terra, Daniel Shin commented, “Facilitating P2P and recurring utility payments with Terra are important first steps towards building a blockchain-based financial infrastructure in Mongolia.”
A collaboration has been established between Microsoft Japan with a blockchain firm named LayerX to accelerate the adoption of blockchain technology in the country. The goal of the collaboration is to integrate the blockchain technology into the citizen’s daily lives. Japan has also stepped-up its strategy to lead the blockchain industry in the Asia continents and around the world.