Global: Binance Hacked: Bitcoin Exchange Suffers $40 Million Security Breach

Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintenance” was unfolding. The Binance CEO tweeted that it “was not the best of days.” image via Shutterstock

Global: Fidelity Survey Finds Institutional Investors Are Eyeing Crypto

About half of institutional investors consider digital assets to be worthy of holding in portfolios, according to a survey commissioned by Fidelity Investments. Fidelity, which began a custody service to hold Bitcoin for its customers earlier this year, is trying to gauge how pensions, family offices, hedge funds, endowments and foundations feel about owning cryptocurrencies as it builds out its Fidelity Digital Assets business. image via Shutterstock

Global: Bitcoin Rallies to A Six-month High, Other Cryptocurrencies Also Jump

Bitcoin is on a tear Friday, climbing to a fresh six-month high. The world’s best-known cryptocurrency jumped more than 7% Friday to around $5,750, according to CoinDesk data, its highest level since November 14. The reason for the upward move wasn’t immediately clear. The virtual currency is now up more than 50% since the start of the year. image via Shutterstock

Global: Amazing! Ripple Inks a Deal with a $40 Billion Money Transfer Giant

Ripple has announced its latest partnership. Ria Money Transfer will use RippleNet to facilitate real-time blockchain-powered global payments. XRP, of which Ripple is the largest holder, is up 1% today. Ria Money Transfer’s yearly money transfer volume is approximately $40 billion. They rank as the No. 2 service provider in the remittance industry. Ria will leverage RippleNet technology to gain access to hundreds of financial institutions in Ripple’s global blockchain payment network. Some of the most recently added RippleNet customers include WorldCom Finance and BFC Bahrain, to name a couple. image via Shutterstock

US: Microsoft Rolls Out New Cloud Services for AI and Blockchain

Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use. Microsoft released the tools ahead of its software developer conference next week in Seattle. Once known mostly for its Windows personal computer operating system, the company now relies on revenue growth from its cloud-based computing and software services, most of which are sold to other businesses. image via Shutterstock

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Blockchain Connect Conference

More Attention Should be Given to Blockchain Academics for the Uprising of Blockchain, Says Blockchain Connect Conference   Dec. 2nd, 2019, San Francisco - Blockchain Connect Conference, a futuristic blockchain-technology based conference, research destination, and collaborative event hosted by SV Insight, will officially take place on Jan 11, 2019, at Marriott Marquis in San Francisco, California. Emphasizing on academic in the blockchain space, this conference will gather the most authoritative blockchain professors around the world, the public chain projects with the most advanced technology, and technical experts, to discuss about the most cutting-edge blockchain academic research, problems, and solutions. By including keynote speeches and panels covering topics from research to application, the conference will explore the next big opportunity in the blockchain industry. The conference will be divided into two tracks: an academic track and a business track. The academic track will focus on academic discussions, mainly led by professors, scholars, and blockchain core developers, who will...

OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

New Voice

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

New Voice

Introduction: Coconut is a universal payment platform that allows customers to use any cryptocurrency to purchase goods and services. Coconut team is composed by a group of students from Harvard University and MIT, which won the award for best new nascent blockchain project at the MIT Bitcoin Expo 2018. BlockPulse 360 has the chance to conduct an interview with this promising project and team at Harvard University.

Insights

Interview

Insight Into The Blockchain Trends Of Today And The Future

BlockPulse360 had the pleasure of sitting in on an interview with one of China’s most reputable blockchain thinkers, Dr. Feng Han, the co-founder of Elastos, about his take on the current and future trends in the blockchain industry in China. Dr. Han began his journey in the cryptoworld with a background in quantum mechanics, but it was only during an alumni lecture on Bitcoin in 2013 that he was formally introduced to cryptocurrency. Since then, the co-founder of Elastos has been busy at work developing a new operating system to promote decentralization initiatives using blockchain technology. Elastos is an open source, blockchain-driven operating system optimized to run decentralized applications. The thinking behind this technology came from the realization that if traditional applications wanted to connect through blockchain, the most effective way to do so would be through a platform that was also operated by blockchain. And so, Elastos was born. What...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...

Crypto Market

Global: Coinbase Exchange Expands Crypto-to-Crypto Trading Services to a Total of 53 Countries

Coinbase’s entire mission is to make sure their customers are happy, which they ensure with constant new features and new services. However, when rolling out a new benefit, there are often times that other countries are not immediately added, which means some jurisdictions have to wait for access. image via Shutterstock

Germany: Deutsche Bank’s Money Laundering Scandal Underlines Poor Narrative Against Crypto

Germany’s largest financial institution Deutsche Bank had its Frankfurt headquarters raided by the local authorities under the suspicion of money laundering. While crypto continues to be targeted by the press for the alleged usage of decentralized systems by criminals, a growing number of banks are being investigated for processing payments for criminal organizations. On November 29, BBC reported that a high profile investigation led by the German authorities was said to have obtained the servers and files possessed by Deutsche Bank to further evaluate whether the bank processed more than $350 million for clients in the British Virgin Islands involved in criminal operations. image via Shutterstock

Australia: Will the Binance Move into Aussie Newsagents be a Boon for Crypto Adoption?

Global crypto exchange giant Binance has announced that it will be helping to facilitate the sale of Bitcoin in Australia at real-world locations. The trading venue stated that crypto users would be able to get exposure to the number one digital asset in more than 1,300 newsagents across the country. The news highlights the exchange’s commitment to expanding the number of fiat gateways to the cryptocurrency economy. However, details of the purchase process might mean that the service is used less people than many of those braying for the fall of government-issued currencies would like. image via Shutterstock

Global: VERI Jump 33% in 5 Minutes amid General Market Slide

Veritaseum (VERI), a cryptocurrency listed at number 69 on Coinmarketcap, has seen a price surge amid a strong market decline led by Bitcoin. At the time of writing, Veritaseum has risen almost 7% in the last 24 hours to $77.65. However, a few hours earlier, the coin added nearly 33% in only 5 minutes to reach $104.82, illustrating once again the volatile nature of cryptocurrencies, especially those with small capitalization. image via Shutterstock

Regulation

Spain: Banks in Spain Check Use of Blockchain on Securities Issuance

The Spanish securities regulator CNMV, the Madrid Stock Exchange (BME) and six European banks have tested the use of blockchain technology in issuance of securities. The pilot test showed that it was possible to reduce the time required for the registration of warrants by more than 70 percent. Namely it was possible to complete the process in 48 hours, compared to an average time frame of more than a week. (German) image via Shutterstock

Japan: Petition to Make XRP the Official Cryptocurrency of the 2020 Olympics

Ten months ago, Ken Takahashi started a petition on Change.org to make XRP the official crypto of the 2020 Tokyo Olympic games. Today, it has over 5,200 signatures out of a needed 7,500. Once created, the petition reached 500 signatures with relative speed, and jumped from 500 to 1,000 in less than 72 hours, according to an update by Takahashi, a resident of Japan, posted on the petition page. After that, it jumped to 1,500 in less than a day. image via Flickr

US: Starbucks Would Like to Clarify that It Is Not Accepting Bitcoin

Yes, Starbucks is getting into crypto—just not at the cash register. At least not yet. The coffee retailer on Friday announced Bakkt (pronounced “backed”), a joint venture with the Intercontinental Stock Exchange (NYSE’s parent), BCG, and Microsoft, among others. The new company aims to create a “seamless global network” for spending digital assets such as bitcoin. Starbucks’ payments VP said the company would play “a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.” image via Shutterstock

UK: FCA Warns of 2 Cryptocurrency Dealers as Europe Officials Weigh Regulation

The Financial Conduct Authority (FCA) issued a warning to British investors today about two cryptocurrency companies which are not authorized to provide ‎‎investment services in the country – Local Bitcoin Ltd and BK Coin. The warning comes as European finance ministers are scheduled to discuss cryptocurrency next week to investigate benefits and risks, and consider how the new assets should be regulated. image via Shutterstock

TECHNOLOGY

Global: Five Things that Must Happen for Blockchain to See Widespread Adoption

Blockchain is perhaps one of the biggest buzzwords in both finance and technology today. Proponents tout it as the technology that will revolutionize the financial services, pointing to its ability to function without a central authority and also store data in a tamper-proof way. But they also believe it will be beneficial to a variety of industries beyond finance and tech, particularly ones beset by a huge trail of paper records and outdated legacy technology — whether that's healthcare, real estate or law. image via Shutterstock

Global: Binance Unveils Demo of New Decentralized Cryptocurrency Exchange

Binance, the world’s largest cryptocurrency exchange, has unveiled the first demo of its much-anticipated decentralized trading platform, which will serve as a core component of the firm’s future public blockchain. During the brief demo, a Binance engineer demonstrated how to use the platform to issue a new cryptocurrency token and then list it on the decentralized exchange (DEX). image via Shutterstock

South Korean: South Korean Bank Wants to Use Blockchain to Reduce Human Error

South Korea‘s second largest bank is in the middle of rolling out a blockchain-based system designed to reduce human error. Shinhan Bank is using the blockchain for Interest Rate Swap (IRS) transactions. The bank purportedly implemented this system at the end of November, local news reports. Interest Rate Swaps can get quite complicated, but fundamentally they are a type of futures contract based on swapping an interest rate between a number of parties. image via Shutterstock

Japan: Blockchain and AI Technology Will Be Included in the Government's "Intellectual Property Strategy Vision

On June 12th the Japanese government’s Intellectual Property Strategy Division formulated a new “Intellectual Property Strategic Plan” from 2025 to 2030. This is a new five-year plan in response to the development of artificial intelligence (AI) and blockchain technology. In addition, some people propose to use blockchain technology and artificial intelligence (AI) in industrial innovation. That means the application of blockchain technology to the automated and simplified rights management and benefit distribution which enables the formal industry to distribute information faster and more widely and to establish a mechanism for returning certain benefits to related parties. (Japanese) image via Shutterstock