Australia and Singapore concludes joint venture digital verification blockchain pilot
The joint venture between Australia and Singapore saw a nine-month blockchain initiative assessing the cost and time efficiency of the two countries’ digital verification systems has been deemed to be a success. The Australian Border Force (ABF), Singapore Customs, the Infocomm Media Development Authority of Singapore (IMDA), and other industry representatives have completed a blockchain […]
Binance crypto exchange outage causes traders to lose millions
Several investors are suing for damages as a result of Binance’s crypto exchange outage that has caused losses worth millions of dollars. The exchange’s policy allows for compensation on trading losses caused by system errors. Binance’s policy allows investors to get compensation on trading losses due to system or internal issues but does not cover […]
Crypto.com becomes Lega Serie A’s official crypto partner
Crypto.com partners with Italian football team Lega Serie A, the firm has also signed partnership agreements with the UFC and Formula 1 earlier this year. Crypto.com, a digital asset exchange, will be prominently promoted in football matches during Italy’s Lega Serie A competition as part of a league agreement. Lega Serie A said on Thursday […]
Coinbase partners with banking giant MUFG to launch officially in Japan
Coinbase, the largest cryptocurrency exchange in the United States, has announced its formal opening in Japan in collaboration with Mitsubishi UFJ Financial Group (MUFG). The partnership will help to provide a “quick deposit” fiat on-and-off ramp. On Aug. 19, the company led by CEO Brian Armstrong announced the introduction of retail trading products that include […]
JPMorgan reportedly shuts down bank accounts of Compass mining firm
JPMorgan Chase according to recent news has closed down the account of Delaware-based Compass Mining which is one of its investors providing citizens exposure to Bitcoin mining via its private infrastructure. JPMorgan Chase, an American banking institution, is said to have suspended all account activities of Compass Mining, a Bitcoin (BTC) mining firm situated in […]