Monthly Archives: June 2019

Ground X, the blockchain arm of South Korean tech giant Kakao, has launched the mainnet of its Klaytn platform, The Korea Herald reported on June 27.It is hoped that the platform, which focuses on decentralized apps (DApps,) will drive blockchain adoption in the country. Several major companies in the region are using the technology from launch, including LG.Han Jae-sun,…

P2P bitcoin (BTC) trading platform Bisq is seeing record trading volumes as users drop Localbitcoins, data from monitoring resource Coin Dance confirmed this week. Bisq, the DEX formerly known as Bitsquare, is a decentralized application facilitating crypto-to-fiat trades without a formal intermediary. For the week ending June 22, the most recent period for which data is available,…

Singapore’s central bank has held discussions with Facebook about its upcoming libra cryptocurrency, Bloomberg reported on June 27.Ravi Menon, the managing director of the Monetary Authority of Singapore, reportedly acknowledged libra’s potential benefits — such as making payments cheaper or supporting the unbanked — but said the regulator needs to understand exactly how the tech giant’s system will work.As well…

Bitcoin (BTC) was heading back towards $12,000 on June 27 as crypto industry businesses report record activity across the board.Data from Coin360 showed the bitcoin price coming off its local highs at $13,800 to circle $12,150 as of press time Thursday. BTC/USD saw significant volatility over the past 24 hours, abruptly dropping to as low as…

Singapore-based crypto exchange Bitrue has suffered a major hack, losing 9.3 million XRP and 2.5 million cardano (ADA) from its hot wallet. The news was revealed in an official statement from the exchange published as a twitter thread on June 26.At the time of the breach — 1 a.m. GMT+8 June 27 — the stolen…

Tyler and Cameron Winklevoss, bitcoin (BTC) bulls and founders of the Gemini crypto exchange, have seen their fortune more than double to hit a combined $1.45 billion following the fresh crypto market surge. Bloomberg reported the news on June 27.As early investors in bitcoin, the twins' wealth now stands at its highest since March 2018…

BitMEX, the world’s largest cryptocurrency trading platform, saw record volumes across its operations as bitcoin (BTC) hit $13,000. The company reported the figures on Twitter on June 26.On Wednesday, BitMEX, which is the world’s single biggest bitcoin derivatives provider, reported more than $1 billion of open interest on the market. Trading topped $13 billion, with…