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Inner Mongolia Starts Cryptocurrency Mining ‘Cleanup and Rectification’ Exercise

[ad_1] Five ministries and commissions in Inner Mongolia have issued a notice to clean up and rectify cryptocurrency mining. Inner Mongolia Autonomous Region follows in the footsteps of China, which was a crypto-mining hub until it imposed a ban on cryptocurrency mining. According to a report, the notice stated that the region was conducting a screening process not only for cryptocurrency mining businesses but also for cloud computing, IDC, big
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AXA XL Develops Insurance for Hoyos to Launch World’s Most Secure Digital “Hot” Wallet

[ad_1] AXA XL, the Property & Casualty and Specialty Risk division of AXA, has developed an innovative insurance solution for Hoyos Integrity Corporation (Hoyos) to launch the world’s most secure digital “Hot” wallet. In doing so, AXA XL has designed a bespoke contractual liability insurance coverage specifically tailored for, and in collaboration with Hoyos, a company that specializes in unique biometrically secured products and applications, including secure digital asset services.
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How Prime Brokerage Will Affect Crypto Markets

[ad_1] Prime brokerage firms are coming for crypto in what’s likely to be a race of winner-takes-almost-all. Goldman Sachs is synonymous with institutional wealth and power, even to those who’ve never purchased a financial product in their life. Like the eponymous tower it occupies in Jersey City, Goldman Sachs dominates the prime brokerage trade. What will happen when crypto gains its own Goldman Sachs – an institutional investment company whose
Business

Founder of Payments Network Zelle Joins Stellar-Focused Startup as CEO

[ad_1] Stellar-focused (XLM) crypto development company Interstellar appointed the founder of digital payments network Zelle Mike Kennedy as its new CEO.On Sept. 12, the company announced the appointment in a Medium blog post.Stellar as an international payments systemKennedy’s network Zelle is the payment system used by JPMorgan Chase, Citi, Bank of America and many other financial institutions, according to its website. It is also claimed that Zelle manages over $50
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German Gov’t Approves ‘Bundes-Chain’ to Combat Libra Cryptocurrency

[ad_1] The German government will approve its proposed blockchain strategy this September which reportedly blocks projects like Facebook’s Libra cryptocurrency. Germany Readies Anti-Libra Response According to Spiegel, Germany’s federal cabinet will approve its blockchain strategy announced back in June 2019. While the move signals the country’s intent to be a part of the emerging global economy, the government-run ‘Bundes-chain’ might sound the latest death knell for Libra in Europe. Thomas
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Bitcoin Hovers Over $10,300 as Top Altcoins See Mixed Movements

[ad_1] Saturday, Sept. 14 — The top 20 cryptocurrencies are reporting mixed movements on the day while Bitcoin’s (BTC) price hovers over the $10,300 mark by press time.Market visualization courtesy of Coin360The price of Bitcoin is currently up by 0.13% on the day, trading at around $10,313 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.46%.Bitcoin 7-day price chart. Source: Coin360As Cointelegraph
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Coinbase Pro to Add Support for DASH Trading

[ad_1] United States-based major cryptocurrency exchange Coinbase announced that its professional trading platform Coinbase Pro will launch support for DASH token next week.According to a Medium post published by Coinbase on Sept. 12, Coinbase Pro will start accepting DASH deposits starting Monday “for at least 12 hours prior to enabling full trading.” The launch of DASH trading, on the other hand, is planned for 9 AM Pacific Standard Time on
Business

Non-Compliant Fintechs Won’t Survive the War on Terror

[ad_1] United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism.According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her remarks during the 19th annual international conference on counterterrorism.Cash is still predominantWhile Mandelker admitted that most terrorist organizations still rely on various traditional means of financing such as cash, she also said that she
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Hacker Steals 30,000 EOS Through Gambling dApp Loophole

[ad_1] An attacker has made off with at least 30,000 EOS by exploiting gambling dApps on the network. By congesting the network with rented resources, the attacker was able to guarantee a winning outcome every time. Anatomy Of A Crime As pointed out by community members on Twitter, the attacker managed to steal over 30k EOS by manipulating winning conditions in gambling dApps. They first rented a massive amount of CPU and
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Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

[ad_1] In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance sheet,” and calling the Fed “boneheads” for refusing to inflate credit bubbles further. Sycophantic