Crypto Briefs is your daily summary of cryptocurrency and blockchain related news - investigate the news that is flying under the crypto news radar today.
Exchange news
- Bisq, an open-source, peer-to-peer crypto trading platform, says that an attacker can exploit weaknesses in their trading protocols, targeting individual trading to steal trading capital. "We know about 3 BTC and 4000 XMR that were stolen from 7 different victims," they said, adding that a proposal would soon be made at Bisq DAO, Bisq's funding mechanism, which would aim to repay 7 victims of future trade income .
- Dutch fintech company BUX which acquired the Amsterdam-based Blockport exchange crypto in January this year said that they officially launched the BUX Crypto trading platform. Initially, it offered six cryptoassets (BTC, ETH, XRP, BCH, LTC, and BUX) and were available in 25 European countries.
- Bitfinex has begun offering surveillance services. As per the announcement, the Staking Rewards Program will allow customers to get prizes of up to 10% per year by depositing and holding digital tokens. Tokens available for betting prizes including EOS (EOS), cosmos (ATOM), and v.systems (VSYS), with tezos (XTZ) will be launched in May.
- Coinbase said that it made sending and receiving cryptos easier through the newly launched enhancements. These changes include: allowing customers to start transactions on mobile with action buttons wherever they are in the application, simplifying currency changes, and cleaning visual designs and adding cues for better understanding of what happens during the sending and receiving processes.
- The failed Bithumb takeover has left a black mark on South Korea's crypto exchange, per op-ed in the Maeil Ilbo newspaper. The Lee Seung-ik newspaper said that the exchange clearly needed better self-regulation after the involvement of BK Medical Group, the company that failed last year to take over Bithumb, looked at the exchange list and dealt with BK's own BXA Token, media coins. Outlet said it has since been exposed as "Ponzi fraud."
- The Japanese exchange, bitFlyer, has launched its "net token offering (STO)" miyabi main blockchain with a consensus algorithm that enables "the fastest transaction speed per second in the world" (4,000 transactions per second on sophisticated hardware) through cloud services. press release, bitFlyer provides detailed "case studies" for companies that use this platform as part of STO operations.The Japanese government recently passed legislation related to STO, and a number of major financial players will launch a joint STO trading platform.
DeFi news
- Volt Capital announced a new initiative called the Chicago DeFi Alliance (CDA) along with Jump Capital, Cumberland DRW, and CMT Digital. The purpose of the alliance is to provide entrepreneurs and start-ups in the decentralized finance (DeFi) space with support and guidance with respect to trading and applicable regulations, they said.
Mining news
- Bitfarms, a blockchain infrastructure company engaged in cypto mining in North America, stated that it has been able to optimize mining operations in real-time to maintain maximum computer capacity during the current COVID-19 pandemic and the economic crisis. The press release says that the company maintained an average daily hashrate of c. 630 petahash per second (PH) since the market crashed on March 12 until the price recovery at USD 6,000 level, while since March 19, it has maintained an average daily hashrate of c. 750 PH.
Legal news
- Robbins Geller Rudman & Dowd LLP's law firm has announced that the deadline for choosing the lead plaintiff in the securities class-action lawsuit against the major producers of Bitcoin mining equipment Canaan Inc. is May 4, 2020, meaning that the shareholders must decide who will represent them by that date.
Adoption news
- Japanese furniture giant Nitori Holdings has unveiled blockchain business plans, per Nikkei. The company has over 500 stores nationwide, as well as online sales businesses, and was founded in 1967. The company says that its subsidiary subsidiary plans to start operating a new platform that will use blockchain technology as of autumn this year.
- Italy's major news agency ANSA has developed a news tracking system based on blockchain in collaboration with EY Advisory S.p.A. According to the press release, readers can use a news tracking label called ANSAcheck to trace the history and origin of the news that appears on ANSA platforms, as well as those distributed to other editorial publications or third parties such as social media networks and other platforms.
- The South Korean branch of the Amber Group - a crypto startup that recently raised USD 28 million in Series A funding, has signed an MOU agreement with Monster Cube, a major South Korean blockchain investor and e-commerce platform. Per Maeil Ilbo, the company said they want to cooperate on digital asset management platforms and "deposit and withdrawal" solutions. They will likely make use of Monster Cube's recently succeeded in an eleventh-hour deal that saw it acquire the Bitberry crypto wallet operator RootOne Soft - just weeks after the latter pulled the plug on its wallet operations.
Investment news
- Japanese wallet provider Ginco has received an undisclosed "pre-Series A" funding boost from the Development Bank of Japan Group, reports TechCrunch Japan. Ginco last year announced it was partnering with Microsoft Japan on a cloud-based blockchain initiative - and also began offering its Ginco Enterprise Wallet product, a cryptoasset management platform for crypto exchanges.
Career news
- HDR Global Trading Limited, operator of the BitMEX cryptocurrency-products trading platform, has appointed Ben Radclyffe as its Commercial Director. As per the announcement, Radclyffe has a 20-year background in finance and trading technology, with 17 years' experience in investment banking at Deutsche Bank and UBS. He is now responsible for Financial Products, and Business & Client Development at HDR Global Trading Limited and will report directly to CEO Arthur Hayes.
Hello, my name is Satria Adhe. Ceo & Founder Coinews. I'm so fucking happy when i get money.
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