Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Elliptic, a London-based blockchain analytics startup, has partnered with Zilliqa, a Singapore-based blockchain network provider, to facilitate the infrastructure compliance and security of the latter’s network by offering an anti-money laundering (AML) compliance support.  Through this collaboration, Elliptic will monitor transactions on Zilliqa’s blockchain network, including those involving its ZIL crypto. Moreover, the analytics to … Continue reading Elliptic to Provide AML Services to Zilliqa’s Blockchain Network

Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

In the first-ever Blockchain Service Network Partner Conference hosted by the National Information Center and Hangzhou Municipal People’s Government in China, it was announced that cryptocurrency exchange Huobi had joined the Blockchain Services Network (BSN), an alliance initiated by the State Information Center (SIC).  The alliance also welcomed China UnionPay, China Merchants Bank International, WeBank, and Chinese telecom giants, … Continue reading Huobi Joins State-Backed Blockchain Alliance in China to Provide Blockchain Infrastructure Services

Thailand Immigration Services to Implement the Idea of Virtual Visas

Distributed ledger technology will now integrate its way into features of the Thai Immigration Services such as the ‘Visa on Arrival.’ The system is expected to launch very soon and will help approximately 5 million visitors to visit Thailand without extensive procedures. The utilization of blockchain technology will allow the system to speed up the … Continue reading Thailand Immigration Services to Implement the Idea of Virtual Visas

Baidu's Enterprise Blockchain Network Initiates Service for Developers and SMEs to Build Dapps

According to a Chinese media report, the reputed internet giant Baidu launched a blockchain-based service to aid developers as well as small to medium enterprises (SMEs) wanting to set up decentralized applications. The name of this new service roughly translates to ‘Open Network’ and will give access to users to develop and utilize applications without the need … Continue reading Baidu's Enterprise Blockchain Network Initiates Service for Developers and SMEs to Build Dapps

China’s Low-Cost National Blockchain Service Network to Launch in April

The Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network.  Tang Sisi, the Deputy Director of the Smart City Development Research Center of the State Information Center said that the BSN will … Continue reading China’s Low-Cost National Blockchain Service Network to Launch in April

Singapore Payment Services Act Now in Effect For Crypto Firms

Cryptocurrency firms in Singapore must now operate in compliance with the Payment Services Act which came into effect on Jan. 28.   The new legislation requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers. In addition, crypto firms must also comply with the Financial … Continue reading Singapore Payment Services Act Now in Effect For Crypto Firms

Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

With its operations based in Dublin, Ireland, Coinbase Custody launched its institutional-grade crypto asset storage service to clients in Europe.  The cryptocurrency exchange launched Coinbase Custody in 2017 for institutional clients such as hedge funds and family offices. Its assets under management have over $7 billion in cryptocurrency assets, with its acquisition of Xapo’s institutional custody business in … Continue reading Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

‘A Budget for America’s Future’ has been published by the White House, which indicates the budget of the United States government of the fiscal year 2021. The document also states the information on the President’s priorities.  President Trump’s ‘New Foundation for American Greatness’ aimed to balance the books by 2027, by pushing for an annual economic growth … Continue reading White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

Hedera Hashgraph’s Launches New Consensus Service Which Could Be Leveraged by IBM’s Hyperledger Fabric

Hedera Hashgraph released its Hedera consensus service (HCS), which can be used by external centralized applications, including IBM’s Hyperledger Fabric. Hedera Hashgraph’s governance board includes Boeing, Deutsche Telekom, IBM, Nomura, and recently, Google. Hedera aims to have 39 governing council members and to be permissionless in the future. Currently, only 11 council members operate nodes … Continue reading Hedera Hashgraph’s Launches New Consensus Service Which Could Be Leveraged by IBM’s Hyperledger Fabric

German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

German Stock Exchange Boerse Stuttgart has announced that its subsidiary Blocknox will begin providing digital asset and cryptocurrency custody services to institutional clients. Blocknox was established in January 2019 as a crypto custody service for users of the BISON app. In September 2019, this service was extended to users of Boerse Stuttgart Digital Exchange (BSDEX). The latest … Continue reading German Stock Exchange Subsidiary Blocknox Unveils Cryptocurrency Custody Services to Institutional Clients

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