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South Korea’s national postal service operator, Korea Post, has reportedly sought out Goldman Sachs’ assistance in regards to learning about cryptocurrencies. Korea Post, which currently oversees a $ 112 billion investment fund, will soon meet with executives from the Goldman Sachs research team to discuss digital assets, artificial intelligence and blockchain technology. In a recent interview, […]
Coinbase has thrown its hat in the ring to launch a cryptocurrency exchange-traded fund (ETF) and has approached BlackRock for help, according to unnamed sources interviewed by Business Insider. BlackRock, which manages $ 6 trillion in assets, has pioneered ETFs and has a blockchain working group. Coinbase, which announced a cryptocurrency index fund for accredited investors
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In recent news pertaining to cryptocurrency exchanges, DDM Bitcoin has launched biometric authentication for Android users of its app, Fxcoin has hired former Deutsche Bank AG employee, Yasuo Matsuda, as a senior strategist, and Ironfx has estimated the company’s upcoming virtual currency exchange will launch during the fourth quarter of 2018.
DDM Bitcoin Adds Biometric Authentication for Android Users
DMM Bitcoin, the cryptocurrency exchange operated by Japanese e-commerce and entertainment conglomerate, DMM Group, has launched biometric authentication for Android users of the company’s app.
Factom, a system for auditing and securing millions of real-time records using blockchain technology, has filed another blockchain patent application for the advancement of its operations this year. CCN reported earlier this month that the data distribution company had filed a patent application for a system enabling document validation on the blockchain, a feature likely
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U.S.-based digital currency exchange Coinbase has filed a patent on a new Bitcoin payment system designed to make cryptocurrency payments safer. The new platform will provide an added layer of security for users’ keys and allow them to make Bitcoin payments directly from their digital wallets.
A segment of the patent filing states, “It may be a security concern for users that the private keys of their Bitcoin addresses may be stolen from their wallets. Existing systems do not provide a solution for maintaining security over private keys while still allowing the users to checkout [sic] on a merchant page and making payments using their wallets.”
Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $ 175 million, surpassing the $ 25 million raised for its second fund and the $ 13 million from its first one, according to TechCrunch. A new filing for a Pantera venture fund offering with the Securities and Exchange Commission
The post Cryptocurrency Firm Pantera Capital Seeks $ 175 Million For Third Venture Fund appeared first on CCN
The Turkish Lira value improved against the bitcoin price ahead of an important conference between the country’s financial chief and global investors. The BTC/TRY recorded a 22 percent drop since establishing its intraday high at 45382-fiat. A political spat between the Turkish and U.S. governments last week had influenced the latter to double the tariffs
The post Bitcoin Price Drops Against Turkish Lira as Treasury Seeks to Calm Investors appeared first on CCN
One of the bigger mysteries in the cryptocurrency world is the matter of who Satoshi Nakamoto is. The infamous creator of Bitcoin and blockchain, Nakamoto is still an unknown individual or group to the rest of the world. A new campaign on Russia’s Boomstarter aims to collect capital to reveal Nakamoto’s identity once and for all.
Another Pointless Search
Although it is intriguing, the Satoshi Nakamoto identity mystery is not a pressing issue. It would be nice to know who is behind Bitcoin and blockchain technology, but it seems highly unlikely their identity will ever be revealed. Nor should it really, as it will not change the current shape and direction of Bitcoin or other cryptocurrencies.
Adoption news keeps flowing this week, from Wall Street to Australia, and now San Francisco. The United States largest cryptocurrency bank, Coinbase, announced it is expanding its commerce section to include Woo Commerce via a plugin downloadable from Github. It could be just what more online merchants need to get comfortable with cryptocurrency.
Coinbase Seeks Online Merchant Crypto Adoption by the Millions
More than a quarter of all online merchants use Woo Commerce. It’s easily one of the most popular payment platforms around. This week, Coinbase announced it is releasing a Woo Commerce plugin as part of its proprietary Coinbase Commerce offering which can be downloaded from Github.
Japanese crypto exchanges may soon have an official self-regulatory body. The Japan Virtual Currency Exchange Association has applied with the country’s financial regulator to become the authority for self-regulation, with the power to enforce rules on its crypto exchange members.
Registering with FSA
The Japan Virtual Currency Exchange Association (Jvcea) announced Friday that it has applied for certification with the country’s top financial regulator, the Financial Services Agency (FSA).
There are currently 16 government-approved, fully licensed crypto exchanges in Japan; all of them are members of the Jvcea.
With a market cap of just under US$ 7 billion, EOS is the fifth-largest cryptocurrency by valuation. Despite its massive valuation, its recent mainnet launch has been riddled with failures and shortcomings. However, it may soon see a boost in legitimacy thanks to the capabilities set to be provided through the MyWish Smart Contract platform.
In their July 24 weekly development report, the MyWish team shared exciting plans to enable smart contract creation on the EOS network. This initiative’s development is already underway, and it’s estimated to be 7% complete at the time of report. This achievement will make EOS the fourth blockchain on which contracts can be created through MyWish, alongside Ethereum, Bitcoin, and NEO.
Bitcoin price pullback could find bargain hunters at key support levels.
Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.
Bitcoin and cryptocurrency mining is usually off limits to those who cannot afford the expensive mining computers and equipment. In addition, miners are usually stuck dealing with high energy bills and excessive consumption of electricity. It is estimated that approximately 0.15 percent of the world’s energy is used to mine cryptocurrency.
The Securities and Exchange Commission (SEC) is seeking comments on another bitcoin-based exchange-traded fund (ETF). The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only.”
VanEck and SolidX first joined forces in early June. This will be the former’s third attempt to build a bitcoin investment project from the ground up.
The Polish Bitcoin Association has reportedly appealed to Poland’s Office of Competition and Consumer Protection (OCCP) to protect the country’s cryptocurrency sector from what it perceives as a growing embargo targeting virtual currency businesses on the part of Polish financial institutions.
Polish Bitcoin Association Files Complaint with OCCP Against 15 Banks
The Polish Bitcoin Association has accused a number of the country’s banks of seeking to restrict competition through refusing to provide financial services to cryptocurrency companies. The association recently filed a complaint with the OCCP requesting that the regulator launch an investigation into the alleged banking embargo, and impose penalties where appropriate..
A new patent filing reveals Chinese e-commerce giant has been exploring the use of blockchain technology to speed up international payments.
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee crypto exchanges.
The Korea Financial Intelligence Unit (FIU), under the supervision of the Financial Services Commission (FSC), recently held an Anti-Money Laundering Policy Advisory Committee meeting. The meeting was set up to discuss measures against money laundering and terrorism financing activities.
Coinbase is one of the most remarkable companies in the cryptocurrency industry. It is evident the company will continue to have a positive impact on this space for quite some time to come. Its latest venture involves operating as a regulated and licensed broker-dealer.
Another Major Coinbase Development
While some people love Coinbase and others hate it, everyone has to agree the company is trying to bring more legitimacy to the cryptocurrency industry as a whole. That is much easier said than done, as Bitcoin remains an unregulated industry in most parts of the world, including the United States. Making a positive impact in such regions will be challenging, even for entities such as Coinbase.
Zcoin, a privacy-focused asset, is launching a working version of MTP v1.2 (Merkle Tree Proof) — an ASIC-resistant proof-of-work (PoW) algorithm — on its testnet. Chinese mining conglomerate Bitmain had recently announced the release of an ASIC designed for mining the similar, privacy-based cryptocurrency Zcash, which ultimately led to some concerns in the cryptocurrency space, and Zcoin is looking to offer reassurance.
Founded in September of 2016, Zcoin was constructed to tackle decentralization and privacy issues on the blockchain. It was also the first currency to implement the Zerocoin protocol and provide financial privacy by using zero-knowledge proofs.