Crypto advocates file brief against SEC's investor tracking database

A senior executive at one of Asia’s biggest banks has said the $9 trillion trade finance industry needs to be digitized in order to tackle fraud, according to a Bloomberg article published on May 5.Ng Chuey Peng, managing director and head of global commodities finance at Singapore’s Oversea-Chinese Banking Corp Ltd. (OCBC), criticized the industry’s reliance on paper receipts,…

The new digital asset management platform still requires the approval of the Central Bank of the United Arab Emirates. 

A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7.As previously reported, roughly 24,000…

Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services. Shinhan Bank, one of the largest banking institutions in South Korea, has entered into a partnership with Klaytn, a global blockchain platform developed by Kakao subsidiary Ground X.According to a Monday announcement, Shinhan…

Bitcoin (BTC) can bring the world’s population out of debt thanks to its ability to allow consumers to save without permission.That was according to Misir Mahmudov, the author and operations associate at cryptocurrency hedge fund Adaptive Capital, in his latest advocacy of Bitcoin on Nov. 27. Mahmudov is the brother of Murad Mahmudov, the well-known…

Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin (BTC) mining is powered by renewable energy in its bi-annual mining report published on June 5.The report also claims that “at current prices, the average miner is highly profitable, with even older gear and high-cost producers currently able to make positive ROI.” The…

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The InterPlanetary File System, or IPFS, helps decentralize the internet by making files available across multiple locations instead of through a single centralized point of failure. What happens if someone reports a problematic IPFS file, however? Dietrich Ayala, ecosystem lead for IPFS, explained the process:"Let's say there's a URL, or an IPFS content ID as we call them…