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Polychain Capital reportedly gets funding for venture fund
31 January, 2019 13:19

Polychain Capital reportedly gets funding for venture fund

The large crypto fund Polychain Capital headquartered in California managed to attract $175 million for its venture capital fund project. The new business will have a 7-year withdrawal restriction, while the received funds will go to buying a stake in cryptocurrency bad projects.

US dollar trims gains after US Fed meeting
31 January, 2019 12:18

US dollar trims gains after US Fed meeting

On Thursday, the US dollar is losing grounds affected by the results of the first US Fed meeting in 2019. The US dollar index decreased by 0.15% today. The euro to US dollar exchange rate was at $1.1495, while the yesterday's trading was closed near $1.1480. The greenback weakened vs the Japanese yen with the rate staying at 108.55 (109.04 earlier). The sterling strengthened against the dollar to some $1.3144 ($1.311 earlier).

SBI Holding and R3 to launch JV business in Japan
30 January, 2019 17:55

SBI Holding and R3 to launch JV business in Japan

Japan's SBI Holdings and US-based R3 consortium have officially announced a launch of JV project that will operate in Japan and will be aimed at DLT and blockchain technologies. The new joint venture will aim at promoting the development of financial services backed by DLT. The business will focus on the Japanese market at the beginning, the company considers expansion in the Eastern Asian Region in the long run.

Nvidia and AMD performance affected by slacker crypto mining
30 January, 2019 17:22

Nvidia and AMD performance affected by slacker crypto mining

AMD video card producer has released the financial performance report for Q4 FY 2018 and full year with the highest profitability over the past 7 years. However, the company expects weaker performance in the current quarter which is attributed to almost completely silent crypto mining segment. Nvidia, the major AMD’s rival in the industry, has faced similar pressure recently. It had to downgrade the revenue guidance for Q4 of FY 2019 from $2.7 billion to $2.2 billion.

Gemini exchange passes SOC 2 audit by Deloitte
30 January, 2019 17:09

Gemini exchange passes SOC 2 audit by Deloitte

The cryptocurrency exchange Gemini run by well-known Winklevoss twins has reportedly passed the audit called SOC 2 Type 1 security compliance review carried out by one of the leading auditing companies Deloitte. The auditing company checked different security aspects at the platform, including security controls, processing, privacy.

Arwen protocol to provide new level of security for centralized exchange users
30 January, 2019 15:51

Arwen protocol to provide new level of security for centralized exchange users

The team of security and cryptography experts Arwen (former Commonwealth Crypto) launched a test version of the protocol that grants customers of the centralized exchanges control over their private keys as well as features a high level of security. The service is reportedly “a layer-two blockchain protocol for trading”. It supports atomic swaps with Bitcoin, Litecoin, Bitcoin Cash.

Official launch of Fidelity custody service expected in March
30 January, 2019 14:41

Official launch of Fidelity custody service expected in March

Boston-based financial service company Fidelity Investments may officially launch its crypto custody service in March. Besides. the new custody service of Fidelity Digital Asset Services LLC (FDAS) has been put on stream with limited assets management. The solution itself remains under development. Initially, Fidelity will support bitcoin with Ethereum to be the next one.

TokenSoft starts beta of security-token custody solution
30 January, 2019 12:06

TokenSoft starts beta of security-token custody solution

TokenSoft reportedly started beta of its cold storage service for security tokens. The new wallet is designed to provide institutional-level storage solution with improved UX as compared to other market options and deal with security risks connected its digital assets and digital securities. TokenSoft 's service is said to offer the highest level of security.

Marshall Islands chose Tangem for development of blockchain banknotes for official cryptocurrency
30 January, 2019 11:17

Marshall Islands chose Tangem for development of blockchain banknotes for official cryptocurrency

Switzerland's Tangem that offers hardware crypto wallets reported that it will develop and launch physical banknotes of the first decentralized digital currency in the world called Sovereign. The new currency will be launched in the Republic of the Marshal Islands. The physical banknotes will be used to keep the national crypto Sovereign, which is said to be designed as an alternative payment means coming in line with the US dollar.

Central Bank of Iran considers ban on crypto payments
29 January, 2019 18:04

Central Bank of Iran considers ban on crypto payments

The Central Bank of Iran is going to ban "unapproved" cryptocurrencies, prohibiting to use them for payments within the country. The bank released the draft document, where it revealed its plans to ban bitcoin and cryptos backed by fiats, precious metals, and other goods. At the same time, as the source in the know noted, the bank does not consider restrictions for the people in terms of holding or transferring small amounts of digital coins that were approved.

Saudi Arabian-UAE joint cryptocurrency project goes to trial
29 January, 2019 17:16

Saudi Arabian-UAE joint cryptocurrency project goes to trial

Saudi Arabia and the UAE are reportedly working on the project that is planned to make blockchain-based transactions between these two countries easier. The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) announced a trial launch of a new digital currency on January 29. The project called Aber will be based on Proof of Concept framework.

BitGrail must pay back lost funds, Court orders
29 January, 2019 16:44

BitGrail must pay back lost funds, Court orders

Italian crypto exchange BitGrail has to refund its users as much of money lost after the exchange hack as possible under the court decision as it was reported by the BitGrail victim's group (BGVG) this week. The Italian Bankruptcy Court found BitGrail and CEO Francesco Firana bankrupt with further confiscation a significant part of Firano’s assets. The court order was made on January 21.