Bithumb Enlists Chainalysis Following South Korean Regulation Crackdown

Chainalysis, the blockchain analysis company, today announced the successful deployment of its investigations solution, Chainalysis Reactor, with Bithumb, a leading South Korean cryptocurrency exchange. Bithumb will use Chainalysis Reactor to investigate suspicious activity and establish a more secure, robust platform for its users following the South Korean National Assembly’s vote last week in favor of amending the Special Financial Transactions Information Act, effectively creating a framework for the country’s cryptocurrency industry. “Chainalysis is committed to helping our...

Huobi Launches New App for Commission-Free Crypto Trading

Huobi Group today announced the launch of Huobi Lite, a secure mobile application that lets anyone trade major cryptocurrencies like Bitcoin. Available on iOS and Android, Huobi Lite provides users of all levels a seamless and intuitive way to purchase and sell cryptocurrencies at the best available prices — without trading fees or commissions. Based on the secure, high-performance framework that powers the Huobi Global digital asset exchange, Huobi Lite gives users a simplified trading...

Palo Alto Networks Partner Successfully Certifies ILCoin’s 5GB Block on Live Network

A Palo Alto Networks Partner has recently announced that it has certified a 5G block from the ILCoin project after successful testing on a live blockchain network. The production of a 5GB block became possible through the use of the RIFT protocol, which allowed ILCoin to significantly increase the block size while maintaining transaction speeds. “RIFT protocol disrupts the very concept of blockchain: mainly with the idea that simultaneous asynchronization is, in fact, technically possible. With RIFT, we are...

Huobi Thailand Launches Localized Exchange with Baht-to-Crypto Trading

Huobi Thailand, a localized digital asset exchange powered by the Huobi Cloud platform, recently announced its official launch. Licensed by Thailand’s Ministry of Finance, Huobi Thailand provides locals with a safe, fully compliant trading platform for the world’s most popular cryptocurrencies and stablecoins. At launch, Huobi Thailand allows users to purchase BTC, ETH, HT, and USDT with Thai Baht. By enabling direct swaps between Baht and digital assets via a fiat gateway, Huobi Thailand aims to make digital...

Sazmining Inc. to Partner With Drillbit Crypto and Horseshoe Power on New Cryptocurrency Mining Venture

Sazmining Inc. is expanding their mining operations internationally to Alberta, Canada through a joint venture with Drillbit Crypto, a Canadian cryptocurrency firm, and Horseshoe Power. The project is currently in progress and is expected to be fully operational by the fall of 2020. The facility will directly employ 8 people within the data center and another 20 indirectly through the development of the project. Sazmining Inc. will be spearheading the design and implementation of the new facility using cutting...

Zabo raises $2.5M to connect cryptocurrency accounts to banks, brokerage firms, FinTech apps and tax software

Zabo, which enables any financial services company to connect to their customers’ cryptocurrency wallets in a few lines of code, today announced it has raised $2.5 million in new funding. The round was led by Moonshots Capital with participation from Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, Capital Factory and others. The investment will be used to expand Zabo’s engineering and grow its customer base. “Cryptocurrency is quickly becoming a mainstream asset class....

CREAM to Collaborate with Singapore Based Cryptocurrency Exchange Bitrue

In an announcement released on Monday, CREAM and cryptocurrency exchange Bitrue have announced a partnership which will focus on pushing real value to CREAM-incubated projects and the wider VeChain ecosystem. The latest stage of their collaboration begins immediately, with Bitrue announcing that it will list the VeThor Token (VTHO) on the 25th of February, 2020. Trading begins with a VTHO/BTC pairing. VTHO deposits and withdrawals are currently live on the exchange and trading times will follow shortly. Fintech News Bitrue will be upgrading...

Maxonrow Teams Up with New Up and Coming Exchange, GRXTrade

Maxonrow is excited to share our native coin, MXW, listing on its second exchange, GRXTrade. GRXTrade, powered by Growdex, describes itself as a crypto exchange platform that delivers more than just the standard product features of a trading platform by reimagining digital asset management. GRXTrade uses MAX-Wallet and CipherTrace to enhance security and harness the power of blockchain to incubate B2G projects that bridge fintech to traditional finance with innovative financial instruments that are poised...

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