Crypto News Digest March 30 – April 5

Tuesday, March 31, 2020

Crypto exchange Binance announced an expansion in the South Korean market with a new crypto-to-crypto exchange, which will be connected with the main platform via the Binance Cloud.

Fintech platform OneConnect Financial Technology has joined forces with China Merchants Port Group (CMPort) to develop a blockchain-based logistics system for the Guangdong-Hong Kong-Macao Greater Bay Area.

The rehabilitation plan of Mt. Gox has faced opposition from creditors who demand to be reimbursed in the original cryptocurrency instead of cash. Creditors fear that an exchange of a large quantity of cryptocurrency for cash can lead to a market crash.

Australia’s largest crypto exchange CoinSpot received an ISO/IEC27001 certificate after undergoing an external audit by the Joint Accreditation System of Australia and New Zealand.

Civic wallet deposits of up to $1 million are now guaranteed by Coincover, a crypto-insurance firm, underwritten by Lloyd’s of London.

Wednesday, April 1, 2020

Information security analysts have identified a malicious group, which was targeting Microsoft SQL database servers for the last 2 years. The attackers were successfully infecting between 2,000 and 3,000 machines daily, creating backdoors and running crypto mining software.

Binance will be soon launching a bitcoin its own mining pool.

Coinbase pledged $1.1 million in USDC stablecoins to two decentralized finance applications in a vote of confidence for decentralized finance.

A U.S. federal judge has denied Telegram’s request to issue tokens to people outside of the U.S. following an earlier decision to halt the planned issuance of $1.7 billion worth of gram tokens by the messaging company.

Thursday, April 2, 2020

According to a report by the Financial Action Task Force (FATF) the U.S. is “largely compliant” with current anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.

Custody provider Anchorage announced the inclusion of XRP to its supported cryptocurrencies.

The National Internet Finance Association of China (NIFA), a self-regulatory organization with close ties to China’s central bank, warned investors of inflated trading volumes on major crypto exchanges as well as conceiving comparisons of cryptocurrencies with safe-haven assets like gold.

A new private payment system by Ripple, which uses “blinded tags”, would allow for anonymous XRP transactions.

Three of Brazil’s four major financial institutions to collaborate on an information-sharing blockchain platform.

Crypto portfolio manager and crypto tax reporting service CoinTracker has added 6 new industry partners to its network.

Financial service provider Revolut announced in an email to its customers that standard users will now have access to Revolut’s cryptocurrency features. The move will enable more than 10 million Revolut customers to buy and sell cryptocurrencies directly from within Revolut’s app.

Friday, April 3, 2020

Bitcoin mining rig manufacturers are offering deep discounts on excess inventory in anticipation of the upcoming bitcoin halving, which would reduce the reward of successfully mining a block by half.

Mobile crypto wallet BlueWallet announced a planned integration with the peer-to-peer exchange Hodl Hodl, which will allow its users to exchange bitcoin for cash with one another directly from within the app.

Binance has donated $2.4 million and plans to donate another $2 million in the form of medical supplies to support the fight against the coronavirus.

During a high-level conference, the People’s Bank of China set a goal to pursue the research and development of a central bank digital currency (CBDC).

Class-action lawsuits have been filed against major crypto companies such as Binance and Tron in the Southern District of New York. The lawsuits are filed on the grounds of crypto companies issuing securities without the approval of the U.S. Securities and Exchange Commission (SEC).

Saturday, April 4, 2020

A soft fork of Steem has locked $3.2 million worth of tokens of major Steem holders, who supported Steem’s hard fork on March 20, in order to ensure the future stability of the blockchain.

Sunday, April 5, 2020

Crypto exchange Poloniex is partnering with Tron on a new crowdfunding platform, which would “help quality blockchain projects grow and further develop their ecosystem”.

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