Forbes Releases List of Billion Dollar Companies Using Blockchain

Finance publication Forbes has released a list of 50 $1 billion firms that are implementing blockchain technology. Financial news outlet Forbes has released a list of “Blockchain’s Billion Dollar Babies,” or companies implementing blockchain technology that have minimum revenues or valuations of $1 billion, on April 16. The list includes companies in the cryptocurrency and blockchain development spaces, in addition to traditional financial firms like banks and clearing houses, food companies, supply chain management firms and others. Most of the companies listed are household names like Amazon, Walmart, Facebook, ING,…

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Following Community Poll, Kraken Delists Bitcoin SV

Cryptocurrency exchange Kraken has followed ShapeShift and Binance in delisting bitcoin SV. Major United States cryptocurrency exchange Kraken has decided to delist bitcoin (BTC) offshoot bitcoin SV (BSV), the firm announced on April 16. In an official press release, Kraken said that BSV had “engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.” As such, the exchange has decided to delist the currency, which was the result of a hard fork in the bitcoin cash (BTC) network last November. The exchange’s decision…

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South Korea’s Telecom Giant KT Launches DLT-Powered 5G Brand to Prevent Hacks

South Korea’s largest telecom firm KT implemented blockchain tech to prevent hacks of connected IoT devices. KT Corporation, South Korea’s largest telecom firm, has launched its blockchain-powered fifth-generation (5G) network brand, local news agency The Korea Times reports on April 16. Called “GiGA Chain,” the brand intends to boost the security of Internet-of-Things (IoT) devices and to protect them from cyberattacks, the report says. As a part of the new brand, KT developed GiGA Stealth technology that prevents hacking attacks by hiding the IP addresses of the connected devices. According…

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Chainalysis Caps Series B Funding With $6 Million From Two Japanese Heavyweights

The intelligence and compliance firm is looking to expand its presence in Asia and also eyeing a Japan office. United States-based blockchain intelligence firm Chainalysis has raised a further $6 million from two major Japanese investors, the company confirmed in a blog post on April 16. Chainalysis, which secured $30 million at the start of its Series B round in February, has hinted it will target the Japanese market in the future as it aims to ingratiate its compliance technology with banks and other financial institutions. Behind the latest cash…

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Why the Future of Esports Is Tied to Cryptocurrency

At the League of Legends World Championship Finals in South Korea last year, 100 million viewers tuned in to watch Invictus Gaming defeat Fnatic 3-0 and collect $2.4M in prize money. With its young, passionate and tech-savvy global audience, esports shares evident similarities with cryptocurrency. Not surprisingly, many predict great things for the twin industries whose future may lie intertwined. Also read: Review: Crypto Is a Surprisingly Fun Movie About Compliance The $1 Billion Nut to Crack With a 33% compound annual growth rate, the $1 billion esports market is…

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Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain

Investment management firm Arca is seeking approval from the SEC to issue its UST Coins. Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12. The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded in a form of ERC-20 compatible tokens on ethereum (ETH) blockchain. Arca elaborated that authentication of a transaction before it…

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EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins

The blockchain division of global social trading platform eToro launched a crypto exchange for pro traders. The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders, a press release shared with Cointelegraph on Tuesday, April 16, states. EToroX claims to be a secure a secure and fully regulated trading venue. As for now, the platform offers 37 trading pairs, with the ability to convert six cryptocurrencies to fiat, such as the dollar, euro and Swiss franc. The exchange currently allows users to trade…

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South Korean Police Confiscate Server Allegedly Linked to Bithumb Hack

Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. While it initially appeared unlikely that the funds would ever be recovered, a recent police raid conducted in South Korea is giving hope that some of the money may be returned. Per reports from a local news outlet, the Cyber ​​Investigation Department of South Korea’s National Police Agency has seized an external server that it believes to be associated with the attack on Bithumb. While at first the theft was believed to be an…

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Satoshi’s Treasure: The Chase Is on for a $1 Million Bitcoin Prize

A treasure hunt for $1 million worth of bitcoin is officially underway. In a cryptic, rambling message broadcasted to the Blockstream Satellite on April 13, 2019, an anonymous user challenged the rest of the Bitcoin community to a million dollar hunt for what they called “Satoshi’s Treasure,” a contest which will “test the resolve, courage, intelligence, and savvy [sic] of would-be hunters,” the game master claimed. At the current exchange rate, the contest’s award is roughly 198 BTC. “This message should reach you at the middle of the fourth month…

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France Adopts New Crypto Regulation

The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Pacte Bill Adopted France’s Financial Markets Authority, the Autorité des marchés financiers (AMF), published on Monday details of the newly adopted bill which regulates the country’s crypto industry. The final text of the Action Plan for…

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