Bakkt CEO: Crypto Trading Platform Won’t Support Margin Trading

NEWS Aug 20, 2018 at 17:35 UTC Two weeks after the Intercontinental Exchange (ICE) introduced Bakkt, a new digital assets platform, the latter’s CEO has set out to explain what the service will offer consumers. Bakkt chief executive Kelly Loeffler outlined the fundamentals for a platform to trade, store or spend cryptocurrencies in a post published on…

Crypto Mining Firm Receives Bomb Threat Over Noise Level

NEWS Aug 17, 2018 at 15:45 UTC  |  Updated  Aug 17, 2018 at 15:46 UTC A bomb threat was sent to a Norwegian cryptocurrency mining company for “sabotaging the peace” with noise this past Saturday. Kryptovault, a crypto mining firm with facilities in a number of cities in Norway, reported receiving threats after a local paper reported on…

30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey

Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. In a survey published by Citrix, almost 60 percent of responding companies further indicated they had found mining malware on their systems at some time in the past, with the vast majority…

Goldman Sachs, JPMorgan Invest in Axoni’s $32 Million Funding Round

NEWS Aug 14, 2018 at 13:50 UTC  |  Updated  Aug 14, 2018 at 13:52 UTC Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners. Also participating in the round were Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among others.…

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

NEWS Aug 13, 2018 at 13:00 UTC A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom. According to a statement issued Sunday, the standing committee warned against trading in cryptocurrencies due to “negative consequences and high risks on traders as they are out of…

Ohio Becomes Latest US State to Legally Recognize Blockchain Data

NEWS Aug 7, 2018 at 09:30 UTC  |  Updated  Aug 7, 2018 at 10:42 UTC Ohio has become the latest U.S. state to legally recognize data stored and transacted on a blockchain. The news comes after lawmakers from the state introduced a bill in May that sought to treat blockchain data and smart contracts as electronic records…

Indian State Partners with Mahindra to Build ‘Blockchain District’

NEWS Aug 6, 2018 at 09:00 UTC  |  Updated  Aug 6, 2018 at 09:02 UTC A state government in India is working with a multinational IT services giant to build a district within the state capital dedicated to blockchain startups. The IT department of the Telangana state government on Friday signed a Memorandum of Understanding (MoU)…

First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

NEWS Aug 3, 2018 at 21:00 UTC  |  Updated  Aug 3, 2018 at 21:03 UTC A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE).  U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed…

Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

NEWS Jul 31, 2018 at 06:00 UTC  |  Updated  Jul 31, 2018 at 07:28 UTC The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its…

Commonwealth Bank Claims Success in Global Trade Blockchain Trial

NEWS Jul 30, 2018 at 06:00 UTC  |  Updated  Jul 30, 2018 at 07:11 UTC The Commonwealth Bank of Australia (CBA) has announced the completion of a cross-border shipment that utilized blockchain to track goods in the supply chain. The multinational, one of Australia’s “Big Four” banks, said in a statement on Monday that some 37,000…