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In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

February 21, 2019 |

In the Daily: Sirin Labs’ Smartphone, Middle East’s Cbx Exchange, IPC's Connexus Cloud

In this edition of The Daily we cover a number of cryptocurrency-related business collaborations from around the world. These include Sirin Labs and Simplex, Middle East-focused crypto exchange Cbx, and Heliocor, IPC and ICE Data Services. Additionally covered is an update from the FBI which is conducting an investigation into Bitconnect.

Also Read: Coinflex Launches Physically Delivered Cryptocurrency Futures Exchange

Sirin Labs Smartphone to Integrate Simplex

Sirin Labs, creators of the cryptocurrency-focused Finney smartphone, have announced a partnership with online payment processing solutions provider Simplex. With the integration of Simplex’s escrow service for fiat-to-crypto transactions, the phone’s users will be able to buy crypto with fiat directly through its wallet application. Founded in 2014, Simplex is headquartered in Israel, with subsidiaries in the U.K., U.S., and Lithuania. The service processes credit card payments for some of the largest crypto exchanges, wallets, and platforms around the world.

In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC's Connexus Cloud

“The growing portfolio of our partners and integrations is aimed to assure our community that their crypto experience through FINNEY is constantly evolving,” said Sirin Labs CEO Zvika Landau. “Simplex shares the same vision of bridging the gap between crypto and the mass market. This integration marks that first step in making crypto more accessible to novice users, as well as simplifies trading for our seasoned crypto community.”

Middle East’s Cbx Exchange Partners With Heliocor

Heliocor, a regulation technology company from London, has announced a strategic partnership with Cbx, a global cryptocurrency trading platform based in the Middle East with independent operating teams in UAE, Hong Kong, Taiwan, Malaysia, and London. The deal is meant to enable enhanced due diligence of both institutional investors and retail investors in the Middle East. Heliocor offers a GDPR compliant cross regulation onboarding application that is now integrated into the Cbx trading platform, allowing the exchange to apply Know your Client (KYC) and Anti Money Laundering (AML) checks on its clients.

In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC's Connexus Cloud

Vikas Tripathi, Managing Director of Heliocor, commented: “Several companies from blockchain and cryptocurrency have engaged with us to help them overcome their ever-changing regulation challenges. We believe that cryptocurrency markets will form a key market for our technology, allowing us to apply our deep regulation and compliance knowledge in banking and financial institutions to further engage with the blockchain industry. We are delighted to be working with CBX to provide them with an enhanced due diligence capability and adding confidence to their users as they access the crypto market.”

IPC’s Connexus Cloud to Add ICE Crypto Data Feed

IPC, a provider of networking solutions for the financial markets, has announced it will include cryptocurrency data feed on its cloud platform from ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE). The Connexus Cloud connects 6,400 capital market participants across 750 cities in 60 countries including sell-side and buy-side firms such as inter-dealer brokers, liquidity venues, and clearing/settlement firms. Customers using the ICE Cryptocurrency Data Feed will be able to access real-time and historical data for over 60 digital assets, including BCH and BTC, from more than 30 trading venues.

In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC's Connexus Cloud

“The cryptocurrency market continues to make inroads with global investors, who rely on timely and robust pricing data to help with their critical investment decisions,” said Mike Smith, Director Global Exchange Relations Management at IPC. “With the vast ICE Cryptocurrency Data Feed now accessible by Connexus Cloud users, we continue to bring customers the vital information needed in this emerging and growing market.”

FBI Is Looking for Bitconnect Victims

The U.S. Federal Bureau of Investigation (FBI) is seeking potential victims who invested in Bitconnect (BCC). The agency asks anyone who invested in it to voluntarily complete a questionnaire on their website which will be used in the federal assessment of this matter. Based on the answers provided, the FBI may contact respondents for additional information.

In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC's Connexus Cloud

The FBI announcement recounts that Bitconnect guaranteed investors up to a 10 percent total return per month, following a tiered investment system based on the sum of an investor’s initial deposit. In December 2017, BCC boasted a market cap of over $ 2.5 billion but the price crashed in January 2018 after U.S. securities regulators warned investors of the Ponzi-type nature of the scheme. “This led to Bitconnect completely shutting down its exchange for BCC, eliminating the market for the cryptocurrency and stranding investors with near-worthless cryptocurrency,” explains the FBI.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud appeared first on Bitcoin News.

Bitcoin News

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

February 13, 2019 |

In the Daily: Quadrigacx Report, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

In this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help it spy on more blockchain transactions.

Also Read: Two US Public Pension Funds Back New $ 40 Million Crypto VC

EY Issues Quadrigacx Report

Quadrigacx, formerly Canada’s largest cryptocurrency exchange by trading volume, appears to keep digging itself into a hole. Ernst & Young Inc. (EY), which was appointed as the monitor in the case of the company’s bankruptcy, has issued its first report to the Supreme Court of Nova Scotia. The document exposes that last Wednesday, just a day after EY was appointed as the monitor, the exchange team for some reason sent out considerable funds to a wallet it now claims not to control.

The report reads: “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately $ 468,675 to Quadriga cold wallets which the Company is currently unable to access. The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.”

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

EY has made arrangements to transfer the remaining cryptocurrency holdings into a cold wallet which will be retained by the monitor pending further order of the court. It has also secured various electronic devices reportedly used by the reportedly deceased former CEO of the operation, including two active laptops, two older laptops, two active cell phones, two “dead” cell phones and three encrypted USB keys.

Bithumb to Launch UAE Exchange

According to reports from South Korea, Bithumb has signed a memorandum of understanding (MOU) with Abu Dhabi-based Nvelop to establish a joint authorized fiat-to-cryptocurrency exchange in the United Arab Emirates (UAE). Having established a foothold in the region with this partnership, the South Korean group is reportedly planning to further expand its operations in the countries of the Gulf Cooperation Council (GCC), which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

Bithumb has been on an international expansion push recently. Only this weekend news.Bitcoin.com reported that the group has launched a new over-the-counter (OTC) trading platform for institutional clients which will be offered under the Ortus brand owned by its Hong Kong-based subsidiary. It is also reportedly working with U.S.-based Series One to build a security token exchange and talking with Russian companies about possible partnerships.

Coinbase Wallet Offers Cloud Backup

On Feb. 12, Coinbase Wallet notified its clients that they can now back up an encrypted version of their wallet private keys to cloud storage on Google Drive or iCloud. This new feature is meant to help prevent users from losing their funds if their mobile devices are stolen or if they forget their private keys. The company explained that the backup is optional as users must opt in to activate it, encrypted with AES-256-GCM encryption and accessible only by the Coinbase Wallet mobile app. Coinbase also intends to add support for other cloud services in the future beyond Google and Apple’s.

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

The move was not well received by some members of the crypto community, who fear it sacrifices user security in the name of convenience. Jesse Powell, CEO of competing exchange Kraken, tweeted in response: “I am not a fan of training users on bad security. Cloud storage, while convenient, is constantly compromised, especially with all the SIM porting. 99% chance the people who would unwittingly use this do not have passwords strong enough to withstand professional cracking.”

Chainalysis Secures $ 30M in Funding

Blockchain surveillance company Chainalysis has announced it’s raised a $ 30 million Series B led by Accel, with participation from existing investors. The company plans to use the new funding to grow its global footprint and invest more in new cryptocurrencies and multi-currency support. Chainalysis also officially opened an office in London that will act as a regional hub and plans to double its headcount in the city to better work with the major financial institutions based there, as well as nearby European governments.

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

Accel stated that it choose to make an investment in Chainalysis because it is a company that “uniquely leverages deep analytics and machine learning to help law enforcement agencies track illicit crypto transactions and financial institutions comply with anti-money laundering rules—important pillars towards the inevitable maturation of the cryptocurrency space.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding appeared first on Bitcoin News.

Bitcoin News

PR: Marconi Introduces Developer Testing Network to Secure Complex Cloud Networks

January 31, 2019 |

Marconi Introduces Developer Testing Network to Secure Complex Cloud Networks

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

San Francisco, CaliforniaMarconi, creators of the blockchain-based smart ethernet Marconi Protocol, today announced the launch of its Developer Test Network. Designed to enhance or even replace existing networking infrastructure, Marconi Protocol provides an easy way to build and secure distributed networks and networking applications across regions and environments, whether nodes are running on hardware in a data center, virtual machines or containers.

By building on Marconi’s Developer Test Net, network administrators have a sandbox to begin deploying and securing their networks, and developers can begin building their own compelling networking solutions, security applications or even other blockchain protocols. Today’s release of the Developer Test Network also includes multiple documented, out-of-the-box applications such as:

  • Multi-cloud deployments that enable network administrators to leverage the unique features, regions and pricing of different cloud providers

  • Firewalls for securing traffic from suspicious activity on a blockchain-based network

  • Load balancers that are easily scaled in the cloud and support any type of network traffic

“After building, scaling and managing multiple data centers and networks with thousands of devices at Google, I saw firsthand that the technology used to connect, bridge and secure connections globally was inadequate,” said Jong Kim, chief architect for Marconi. “We built Marconi so organizations can more easily setup, manage and secure complex networks across multiple clouds without extensive networking experience or specialized hardware.”

Currently 81 percent of enterprises now have a multi-cloud strategy, but many have struggled to handle the scaling and management challenges associated with having multiple clouds. However, the Marconi Protocol helps businesses remove networking complexity, creating an easy-to-manage service mesh with self-healing routing even when a node goes down. Security is built in through low-level mutating encryptions that secure all of the connections between each node.

A full explanation and history of Marconi Protocol is available on www.marconi.org, which includes more details about the product, quick start guides, use cases, sample code and additional developer resources.

About Marconi

The Marconi Protocol is a networking and distributed ledger protocol for creating robust networks and service meshes which can run powerful management and security applications on any platform or cloud provider. For more information, visit www.marconi.org. For the latest updates, please visit blog.marconi.org.

Press Contact Email Address
s@neji.io

Supporting Link
https://marconi.org

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Marconi Introduces Developer Testing Network to Secure Complex Cloud Networks appeared first on Bitcoin News.

Bitcoin News

PR: MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud

January 30, 2019 |

MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

MoneyToken, one of the leading global crypto-lending platforms offering crypto assets-backed loans, has announced the launch of their new MoneyToken Exchange platform in a collaboration with Huobi Cloud.

This gives MoneyToken the ability to leverage Huobi’s technical expertise and security know-how, plus gives users access to the liquidity that Huobi Cloud has to offer.

The Exchange has been launched at 1:00 PM UTC today, and the team has also announced that a lottery with a 200 ETH prize fund is in the pipeline, as a way to engage and thank all of MoneyToken supporters.

MoneyToken is one of 2018-19s top ventures, with a thriving community of more than 50,000 active users and a number of well-known advisors and supporters such as Roger Ver.

With the launch of their Exchange, MoneyToken is starting to fulfill the dream of their founders and developers, creating a financial ecosystem that revolutionizes the finance industry and opens the door to new opportunities for their customers.

MoneyToken’s current user base will be crossing over to join the Huobi Cloud ecosystem while getting unique access to one of the biggest liquidity pools in the world. If we were to make a prediction, then in our opinion this will dramatically accelerate MoneyToken’s growth potential.

MoneyToken users can expect all kinds of new opportunities from the partnership between Huobi Cloud and MoneyToken – right away:

  • Lending platform users will have the unique ability to trade their collateral, not only gaining access to liquidity through the loan process, but also getting the chance to work their crypto-assets and gain potential growth.
  • MoneyToken will be able to liquidate collateral much quicker, accelerating a service already known for its speed of operation.
  • More features, like derivatives contracts, margin trading, OTC, withdrawal to fiat and short selling will become available on the MoneyToken Exchange as it is rolled out to users.

With MoneyToken Lending platform combined with MoneyToken Exchange the opportunities are endless. By sharing one order book with Huobi Cloud, MoneyToken ensures sustainable volume to make smoothly processing unlimited orders possible.

It seems that initiatives like MoneyToken and Huobi Global are leading the way to a bright future for cryptocurrency. Why not join them on the journey? To participate in the MoneyToken Exchange beta test, go to exchange.moneytoken.com and find out what the future looks like…

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
http://exchange.moneytoken.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: MoneyToken Is Launching Its Own Exchange – in Collaboration With Huobi Cloud appeared first on Bitcoin News.

Bitcoin News

Oracle Revenue Flat as Push to Bolster Cloud Business Continues

December 18, 2018 |

Oracle reported flat revenue for its latest quarter, a result better than what Wall Street had been expecting, as the software giant made progress in a piece of its struggling cloud business.
WSJ.com: US Business

The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information Platform

November 24, 2018 |

The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information Platform

In the Saturday edition of The Daily, we look at a technical issue with Amazon’s cloud services network that has forced two major South Korean crypto exchanges to temporarily go offline. In other news, Malta-based digital asset exchange Okex has launched a platform offering information on initial coin offerings and Estonia has issued licenses to a new cryptocurrency exchange called Serenity.

Also read: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta

Amazon Web Services Network Failure Hits South Korea

The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information PlatformUpbit and Coinone, two leading South Korean cryptocurrency exchanges, were forced to go offline Thursday morning due to an hour-long failure of the Amazon Web Services (AWS) platform in the country, Zdnet reported. The outage also affected a number of e-commerce hubs, with networks in Seoul taking the hardest hit. AWS confirmed the glitch in a statement quoted by The Next Web:

Between 3:19 p.m. and 4:43 p.m. PST we experienced increased error rates in the Asian-Pacific region.

AWS, whose cloud services are used by some of South Korea’s largest companies — including Samsung, Hyundai and Korean Air — has conducted an emergency inspection of its Asian network. According to media reports, it has assured customers the issue has been resolved and that the system is already operating normally.

The two exchanges were the only cryptocurrency platforms affected by the interruption of the company’s centralized cloud services. Following the outage, Upbit apologized for not being able to warn users in advance and said it would be canceling some trades under certain conditions. Coinone informed its customers it would undergo maintenance.

Okex Sets up Information Center for ICOs

The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information PlatformMalta-based cryptocurrency exchange Okex has announced the launch of Okex Project Info, a platform offering information about token issuers, their roadmaps, their development progress and third-party reviews. The company promised strict monitoring of the data provided by the teams of the reviewed ICO projects in order to ensure the accuracy and unbiased nature of the published information. In an announcement, the exchange explained:

We created this platform with the mission of helping our customers to gain a better understanding of the projects before they make any trading decisions.

The digital asset trading platform also said that teams that fail to update the status of their projects every 30 days will be removed from Okex Project Info. “We are doing so to promote transparency in the ecosystem, letting our users know what to expect in owning the tokens,” the exchange said in a blog post.

Startups conducting ICOs are welcome to apply for listings on Okex Project Info via email. The team will contact applicants to confirm their details and guide them through the process.

Serenity Crypto Exchange Licensed in Estonia

New digital asset trading platform Serenity has obtained two licenses from the Estonian Financial Intelligence Unit. They will allow it to exchange digital and fiat currencies and operate as a provider of wallet services in the crypto-friendly EU jurisdiction. The company will officially launch its Serenity Escrow service by the end of this month. It is currently integrating a system that will allow it to process fiat currency deposits.

Revolut Crowned Europe’s Allstar Company of 2018

The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information PlatformU.K.-based digital bank Revolut was crowned Europe’s Allstar Company of 2018 at the recent annual Investor Allstars Awards ceremony, Wired has reported. The fast-growing fintech startup, which raised $ 250 million earlier this year, recently announced that it now has more than three million users. According to GP Bullhound, an investment company and co-organizer of the event, Revolut has become a leader in the European tech ecosystem. A recently released report reveals the fast-growing sector is now worth around €200 billion ($ 230 billion).

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


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The post The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information Platform appeared first on Bitcoin News.

Bitcoin News

Google drops out of Pentagon’s $10-billion cloud computing competition

October 9, 2018 |

Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $ 10 billion, saying the project may conflict with its corporate values.

The project, known as the Joint Enterprise Defense Infrastructure cloud, or Jedi, involves transitioning massive…


L.A. Times – Business

PR: Former Meituan Cloud Veteran Launches BonusCloud – AWS in Decentralized Cloud Computing

August 20, 2018 |

Former Meituan Cloud Veteran Launches BonusCloud - AWS in Decentralized Cloud Computing

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Shuang Li, former General Manager of Meituan Open Services (MOS) walked away from lucrative package by industry tycoons, but jumped startup bandwagon to set up BonusCloud, whose vision is to become AWS in decentralized cloud computing. Shuang Li is a cloud computing expert with over a decade of experience. Prior to BonusCloud, he was General Manager of MOS, Director of Alibaba Network Department, Chairman of System Technology Committee in Baidu.

Through BonusCloud, the startup project, Shuang expected to leverage blockchain technology to overcome many issues in tradtional cloud service, such as lack of industry standard, black-box operating environment and excessively high operating cost. Shuang believed, as a blockchain-driven cloud platform, BonusCloud is well positioned to solving issues faced by traditional cloud technology by recording transactions and audit in the chains. BonusCloud aims to combine virtual technology of cloud computing field with blockchain and enhance blockchain functionality of virtual machines, so as to further broaden PaaS applicaiton. On such a basis, BonusCloud will not only execute smart contract, but also network applicaiton, storage application and computing application.

BonusCloud endeavours to develop a global computing power trading platform, so as to connect such global computing resources as existing cloud computing, IDC, enterprise computing centers, and personal CPU/GPU/bandwidth etc. By attracting tens of thousands of resources contributor, platform users and application developers, it could provide a trustworthy cloud computing platform service featured by low price, wide scope and strong computing power, shaping the business model and resources distribution structures of traditional centralized cloud computing.

According to the source, BonusCloud adopts hybrid consensus algorithm of DPoS+PBFT, in which bookkeepers will be regularly elected by workers based on contribution value. All workers, bookkeepers, DApp developers will be rewarded based on weights of resources and assignments of different types. Rewards includes compensation generated by resources users and token from blocks. Furthermore, on one hand, DApp developers will be rewarded at various level based on their amount of contributions in line with Developer Impel Protocol (DIP), which selects DApp every few blocks in a given time interval. On the other hand, well-defined reward mechanism and service procurement will ensure sufficient liquidity of token, so as to ensure completeness of platform ecosystem.

BnonusCloud’s vision of becoming AWS in decentralized cloud computing industry is supported by a team of core members with proven track record and complementary mix, mainly from world leading internet and IT companies, such as Alibaba, Cisco, Baidu, Meituan, Sangfor etc, covering full range of R&D, operation and maintenance, marketing and sales. With regards to financing, BonusCloud has smoothly attracted cornerstone investors, which are world leading top 2 digital currency exchange and China’s top blockchain investor.

The latest news on China’s giant services platform Meituan is that it’s planning to list on the Hong Kong Stock Exchange on September 20, aiming to raise over $ 4 billion and valuation up to $ 60 billion.

Supporting Link:
www.bonuscloud.io

Contact Email Address
hi@bonuscloud.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Former Meituan Cloud Veteran Launches BonusCloud – AWS in Decentralized Cloud Computing appeared first on Bitcoin News.

Bitcoin News

Amazon partners with L.A. community colleges for cloud computing program

August 9, 2018 |

Starting as early as this fall, students around Los Angeles will have the opportunity to learn to code in one of the biggest software growth areas: cloud computing, an increasingly popular online-based technology that is used for data analytics and file storage.

That’s due to a partnership announced…


L.A. Times – Business

The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches Cloud

July 23, 2018 |

The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches Cloud

In today’s edition of Bitcoin in Brief we cover stories about one of the largest inter-dealer brokers in the world exploring the cryptocurrency market, a privacy-focused email service that now accepts several cryptos, a new white label exchange offering and a cloud mining service that abruptly ended BTC contracts.

Also Read: Coinbase Gets $ 20 Billion Prime Client, Ads Back on Facebook

TCAP Explores Market

TP Icap plc (LSE:TCAP), one of the largest connectors between banks’ traders in the financial, energy and commodities markets, has reportedly set up a ‘working group’ earlier this year to explore how it should approach cryptocurrencies. The crypto working group includes some of TP Icap’s most senior executives and was established under former CEO John Phizackerley, according to “people with knowledge of the matter” cited by Financial News London. This could be another indication that mega banks are looking to enter the crypto dealing market and that the networks that serve them are preparing for that day. Last week it was reported that Blackrock, the world’s largest asset manager, is probing the crypto market with a similar working group.

Hashflare Stops BTC Cloud Mining

The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches CloudHashflare, a cloud mining service which has been operating for a few years already, has announced it stopped its active SHA-256 contracts due to continued BTC mining unprofitability. The company explained in a Facebook post that: “For over a month our users encountered a situation when the payouts were lower than the maintenance fees, resulting in zero accruals to the balance. As of 18.07.2018, the payouts were lower than maintenance for 28 consecutive days.”

The team seem to think they can recover from this, writing “We expect that the cryptocurrency market situation will stabilize in the nearest future and we will be able to offer our users new advantageous solutions.” However, the reputation of Hashflare might be too tarnished for that, as many clients are complaining that the company offers no refund for their money invested in the contracts nor an alternative mining option to divert their resources to. People are also suspicious that the company has added KYC/AML requirements right before this announcement, preventing those who wish to remain anonymous from withdrawing their funds.

Tutanota Now Accepts Several Cryptocurrencies

Tutanota, an open-source end-to-end encrypted email with over 2 million users, has announced that the service has started integrating cryptocurrency support. As a first step, users can now donate to Tutanota with BTC, BCH, ETH and XMR. The developers are now also testing how easily they can automate the processing of crypto payments in order to add an option to pay with cryptocurrencies. “We at Tutanota have always been in support for cryptocurrencies because we welcome the idea of a decentralized payment method that works independent of centralized payment processors such as banks or credit card institutions”, the team stated. “We very much welcome the idea of an anonymous payment option as well. With Tutanota we want to provide an anonymous email service for journalists, whistleblowers and human rights activists who need the extra protection they get from the built-in encryption of Tutanota.”

Huobi Launches White Label Exchange Service

The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches CloudDid you ever want to launch your own crypto exchange but didn’t have the technical capabilities to set it up? Now you have a new option. Huobi, the Singapore-headquartered trading venue, has launched a new service for companies that wish to offer a white label exchange of their own. Called Huobi Cloud, the business will rely on Huobi’s existing platforms, providing services for setting up OTC exchanges and currency exchanges with little to no IT capability requirement. The company explains that clients can share the order integration system, wallet system, asset management and clearing system of the Huobi Global platform, connecting to its depth, liquidity, and market data.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches Cloud appeared first on Bitcoin News.

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