Alipay’s operator Ant International has secured $14 bln in an equity financing round to develop blockchain for its global tech platform. Alipay’s operator Ant International has entered into “definitive agreements” with investors to secure $14 bln in a Series C equity financing round. The money will be spent to pursue blockchain and technological innovation, according…
Marijuana Cryptocurrency May Sponsor Dennis Rodman’s Trip to US-North Korea Summit
PotCoin, a digital currency for marijuana, may sponsor the trip of former basketball legend Dennis Rodman to Singapore for a US-North Korea summit. PotCoin is reportedly in discussions with representatives of Dennis Rodman to sponsor his trip to the US–North Korea summit in Singapore next week, the Washington Post reported June 7. PotCoin is a…
Deutsche Bank, Allianz, Auto1 Partner to Create Car Financing Blockchain Platform
Online car exchange Auto1 has partnered with Allianz and Deutsche Bank to create a blockchain-based loan and refinancing platform. German insurance group Allianz and Deutsche Bank have partnered with Berlin-based car exchange Auto1 to offer auto financing using blockchain technology, Cointelegraph auf Deutsch reported today, June 7. The three partners have created a new company…
Report: $1.1 Bln in Crypto Has Been Stolen This Year
A study reveals that roughly $1.1 bln worth of crypto has been stolen in the first half of 2018, with exchanges as the most popular target for cybercriminals. Cybersecurity company Carbon Black announced that roughly $1.1 bln worth of digital currency has been stolen in the first half of 2018, CNBC reported June 7. The…
Quebec Halts Crypto Mining Electricity Requests Amid Huge Demand, Forms New Framework
The Quebec government has ordered Hydro-Québec to halt electric power sales to crypto miners, and announced a new framework for this category of electricity consumers. Major Canadian electricity provider Hydro-Québec will temporarily stop processing requests from cryptocurrency miners in order for the company to fulfil its obligations to supply energy to the entire province, according…
Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements
Thailand’s central bank considers developing its own digital currency, claiming that it would reduce transaction and validation time and costs. The Bank of Thailand (BoT) is considering issuing its own cryptocurrency, the bank’s governor revealed in a speech June 5. In his keynote on Thai economic development at Nomura Investment Forum Asia (NIFA) in Singapore,…
In Reddit AMA, Binance Labs Says Decentralization Is ‘Investment Focus Sector’
In a Reddit AMA, Binance Labs talked decentralization and taking the long view in investing in blockchain projects. Blockchain technology incubator Binance Labs gave an “Ask me Anything” (AMA) session on Reddit June 6, devoted to investments in crypto and blockchain projects. One of the main topics discussed at the AMA was decentralization. Answering a…
SEC: US Crypto Exchanges Not ‘Enthusiastic’ Enough About Regulatory Compliance
U.S. securities regulator the SEC has said it is “underwhelmed” by the slow progress of crypto exchanges registering as securities traders. The U.S. Securities and Exchange Commission (SEC) said it was “underwhelmed” by regulatory adherence among cryptocurrency exchanges in fresh comments June 6. Speaking to CNBC, Brett Redfearn, the SEC’s Director of Division of Trading…
Software Multinational SAP Announces Launch of Cloud Blockchain Platform
Germany-based software company SAP has launched a cloud blockchain service that will let customers build applications based on various distributed ledger technologies. Multinational software company SAP has launched a blockchain-as-a-service platform, SAP Leonardo Blockchain, the company reported Wednesday, June 6. The platform is designed to let corporate customers build applications and networks using blockchain technology….
Blockchain-Based Galaxy Game Offers Rare, Collectable Planets That Can Be Sold for Crypto
sponsored A game is allowing players to collect rare, digital planets in a galaxy powered by blockchain – and sell them for a profit. A team of developers say they are in the final stages of beta testing for a “revolutionary” online game which allows players to explore an entire galaxy based on blockchain. 0xUniverse…