The FBI has recently published in its website that they’re currently looking for the victims of the Bitconnect scheme to help with their investigation. FBI explains in the website, “The entire market for BCC crashed in late January 2018, after two U.S. state-level securities regulators issued public letters warning investors of the Ponzi-type nature of Bitconnect.”
Japan’s second largest securities brokerage, Daiwa Securities Group has revealed that they have successfully completed its blockchain proof-of-concept (PoC). In the press release, Daiwa Securities Group explained, “We are going to discuss more the framework of collaboration with the market participants and to conduct a feasibility study in order to put this concept into action.”
South Korea based blockchain firm ICON has shared their vision on building the largest decentralized networks in the world. Its developers aim to build a large platform which allows different blockchains to interact with each other through smart contracts. In order to make it possible, a partnership with hundreds of business in the country has been established including the government entity.
A cryptocurrency wallet and payment application, Crypto.com have recently announced its new cost-efficient exchange called Vortex Trading Engine now live. Apart from that, crypto.com have also announced that they will be closing the wallet cashback feature. The newly-introduced cost-efficient exchange will be offering many features to enhance the customer’s experience.
The public testing for the decentralized exchange platform by Binance has been recently launched for to the public. The CEO of Binance, Changpeng Zhao then commented, “With Binance DEX, we provide a different balance of security, freedom, and ease-of-use, where you take more responsibility and are in more control of personal assets.”
The supporters of Bitcoin Cash (BCH) have been working together to spread the adoption of the cryptocurrency and a rising numbers of acceptance of BCH merchants can be seen in these three regions such in Slovenia, North Queensland and Japan. There are approximately 1,000 retailers are willing to accept BCH as their payment option.
The CEO of the social media giant, Mark Zuckerberg in an interview with Harvard Law professor Jonathan Zittrain said that he is considering the implementation of blockchain-powered authorization of the user. He answered that, “Basically, you take your information, you store it on some decentralized system and you have the choice to log into places without going through an intermediary.”
A well-established consulting firm, Cambridge Associates have recently shared their advice to the investors to consider in cryptocurrencies investment. The analyst is being an optimist that the difficulties in the crypto space shouldn’t stop the investors to consider the innovative investment method for their long-term investment however admitted large companies are backing out due to the risk.
An announcement has been made by an SAP blockchain technology platform and marketplace, Sophia X regarding the launching of the first product powered by SophiaTX, designed to simplify the financial reporting and operation parallel with the new requirements introduced by the Companies Commission of Malaysia (SSM). This will help companies to reduce time and cost of their operation.
Marubeni Corporation published enters into collaboration with a blockchain start-up based in New York named LO3 Energy. The CEO of Lawrence Orsini, LO3 Energy explained, “Initially this project is internally focused, but it is very much driven by the desire from Marubeni to explore the opportunities that blockchain management systems can offer in the transaction of energy throughout Japan.”
Previously, the leaked photo of Samsung next flagship device, the Galaxy S10 was reported to feature a cryptocurrency wallet. In the Samsung Unpacked event, the company release then confirmed, “Galaxy S10 is built with defense-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
The hackers seem to targeting the South African mobile users to operate its illegal cryptocurrency mining-related activities. The rising numbers of cryptocurrency owners in the country could also be one of the factors that could attract the hackers to perform the illicit activities such as use the mobile phones to mine without the consent of the owners.
Incrypts