DLT-based trade finance network Marco Polo has onboarded three new members for piloting and evaluating purposes. Distributed ledger technology (DLT)-based trade finance network Marco Polo has onboarded three new members for piloting and evaluating purposes, according to an announcement published on April 25. Marco Polo Network is a joint undertaking with tech firm TradeIX, enterprise […]
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Blockchain firm RChain informed clients that the firm suffered a scam involving an escrow transaction with counterfeit money. Singapore-based crypto exchange KuCoin has blocked a crypto wallet that is allegedly involved in a recent RChain (RHOC) token scam, RChain wrote in a blog post on April 26. RChain, the blockchain firm behind RHOC coin, informed […]
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Hardware crypto wallet manufacturer Ledger has detected malware targeting its desktop app. Hardware cryptocurrency wallet manufacturer Ledger has detected malware targeting its desktop application, according to a tweet on April 25. Ledger warned its users that the malware locally replaces the Ledger Live desktop app with a malicious one, and advised to follow security practices […]
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Crypto markets are in the red today, with bitcoin losing almost $260 on the day and significant fluctuations in the top 20. Friday, April 26 — After breaking above the $5,500 mark yesterday, bitcoin (BTC) has reported a loss of around $260 to press time. All of the top-20 cryptocurrencies other than bitcoin SV (BSV) […]
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Supply, demand and the April bull market: Why MakerDAO’s DAI hasn’t been all that stable. Stability has become a holy grail for the crypto market, and right now, one of the biggest stablecoins is MakerDAO‘s DAI. Launched in December 2017 as an ERC-20 token, it’s pegged 1:1 with the United States dollar, with its peg […]
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First launched as a PoC in April 2018, Marsh’s proof of insurance blockchain platform is set to be rolled out soon to U.S. clients. Canada-based global insurance broker Marsh will soon roll out its proof of insurance (POI) blockchain platform to American commercial clients, the firm announced in a press release on April 25. First […]
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In the full fiscal year ending on March 31, 2019, SBI Virtual Currencies recorded a profit before tax of around $3.2 million. New Japanese crypto exchange SBI Virtual Currencies (SBIVC) achieved profitability in the first year of its launch, Cointelegraph Japan reports on April 26. SBIVC exchange, launched by Tokyo-based financial services giant SBI Holdings, […]
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The regulatory endorsement allows users to trade startup shares after acquisition. SeedInvest, the equity crowdfunding platform owned by crypto-friendly payment giant Circle, has gained approval to offer secondary shares trading, crypto industry news outlet The Block reported on April 26. The platform, which Circle bought out for an undisclosed sum in March this year, can […]
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Philip Morris’ global head of architecture and tech innovation revealed that the firm wants to apply blockchain in tax stamp tracking. International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed to Cointelegraph on April 26. Philip Morris International is looking to implement emerging technologies […]
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Bitfinex is facing pressure from U.S. lawmakers over its handling of missing funds worth $850 million. Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has […]
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