South Korea’s Coinbin Files for Bankruptcy With $26 Mln Loss, Cites Employee Embezzlement

Coinbin, which acquired Youbit in 2017, is closing operations as the result of embezzlement from a senior executive. Coinbin, the South Korean cryptocurrency exchange that took over hacked exchange Youbit, has filed for bankruptcy owing users almost $30 million, correspondence from the company confirmed on Feb. 20. Coinbin, which acquired Youbit in 2017, is closing […]

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Australian Financial Regulator Trials Blockchain to Automate Funds Transfer Instructions

The Australian Transaction Reports and Analysis Centre is trialing a blockchain prototype for the automation of international funds transfer instructions. The Australian Transaction Reports and Analysis Centre (Austrac) is trialing a blockchain prototype for the automation of funds transfer instructions, business tech news site ZDNet reported on Feb. 24. Austrac — a government financial intelligence […]

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Google Cloud Adds Enterprise-Focused Ontology’s Development Platform

The development software of enterprise-oriented cryptocurrency Ontology has been added to the Google Cloud platform. The development software of corporate-oriented cryptocurrency Ontology (ONT) has been added to the Google Cloud Platform Marketplace, a Medium post from Ontology revealed on Feb. 23. The newly supported software, called ont_dev_Platform, is a set of tools for developing smart […]

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Liechtenstein’s Bank Frick Launches Institutional Crypto Trading Platform

Liechtenstein-based Bank Frick is launching an institutional cryptocurrency trading subsidiary, DLT Markets. Liechtenstein-based Bank Frick is launching an institutional cryptocurrency trading platform subsidiary, DLT Markets, a press release on the bank’s website revealed on Feb. 20. According to the announcement, DLT Markets will provide institutional investors “with fully regulated and secure multi-exchange access to the […]

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