Chinese Police Arrests 15 Men Over Crypto Mining Scandal

Fifteen men from Henyang, a city in south-central China’s Hunan province have been arrested for cryptojacking. The culprits are suspected of corrupting an internet cafe to mine cryptos. More than 9,000 computer administrators were reportedly involved in helping the unauthorized mining operation. According to the reports from the local crypto …

Tech Mahindra To Launch Blockchain Finance Management

One of Indian top IT giant Tech Mahindra has partnered with Adjoint an American-based distributed ledger technology (DLT) company to launch a blockchain financial management and insurance platform. According to CommsMEA’s report, through the platform, clients can save $4 million for every $1 billion of financial risk management and banking …

US Air Force Partners With A Blockchain Firm

Constellation a blockchain firm recently announced that it has partnered with the U.S. Air Force to automate the armed force’s big data management. According to the announcement, data sources like drones, planes, and satellites present unique use-cases for DLT. The firm aims to help secure data silos from traditionally locked sources. …

An Indian Blockchain Institute Partners With R3

The Kerala Blockchain Academy (KBA), an initiative under the Indian Institute of Information Technology and Management (IIITM) has partnered with R3. According to the reports, the institute has already designed a developer certification program on the firm’s Corda blockchain. The program is meant for banking and technology professionals. Government-based Blockchain Education …

HSBC Becomes the First Bank to Transact Via Hyperledger on we.trade

HSBC, the multi-national bank has become the first bank to complete a transaction on the European blockchain trade platform we.trade. we.trade has initiated the particular project back in 2017. According to the reports by Global Trade Review (GTR), HSBC recently completed a transaction on the platform within the second round …

FINMA Grants License for Swiss-based Crypto Banks

The Swiss Financial Market Supervisory Authority (FINMA) has permitted two banking and securities dealer licenses to crypto-focused banks. Seba Crypto AG and Sygnum are the two Swiss crypto-specializing firms that have received banking and securities dealer licenses.  Using the license, Seba is expected to launch its new trading platform in October 2019. Seba …

Two Bitcoin Scammers on Twitter Caught in Canada

Karanjit and Jagroop Singh Khatkar two Canadian nationals have been arrested for stealing Bitcoin from an Oregon resident. Both the scammers are based in Surrey, British Columbia, Canada.  The scammers posed as customer service representatives of HitBTC, a Hong Kong-based digital currency exchange. They used HitBTC’s fake account to steal the login …

California University Initiates Blockchain Courses

After curating courses at Harvard, Oxford, and Cambridge, a blockchain firm is rolling out its programs at three California universities. MouseBelt’s Blockchain Accelerator was launched on Wednesday at UC Davis, UC Los Angeles, and UC Santa Barbara. The initiative aims to enhance the educational presence at selected institutions. The firm …

Cryptocurrencies Will Grow More Outside the U.S.

Glenn Fogel, CEO of Booking Holdings an online travel agency believes that digital currencies will grow and gain more popularity but outside the United States. The recently appointed CEO spoke about his support for cryptocurrencies in an interview. During the interview, Fogel discussed blockchain and crypto along with major issues …

World Bank Raises $33 Million For Its Blockchain Platform

According to the recent report, the World Bank has raised an additional $33 million for its Kangaroo Bond due for August 2020 using a blockchain. The bank stated that this is the first bond that has been created, allocated transferred and managed via its distributed ledger technology (DLT). Various Banks …

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