XTZ, DAI, EOS and LINK

Coinbase UK customers can now enjoy full support for XTZ, DAI, EOS and LINK granting customers access to buy, sell, and trade even more assets through a GBP wallet, funded by a GBP bank account or credit/debit card. This follows the complete reinstatement of our GBP wallet functionality and the recent launch of BAT, ZRX, REP, XLM, and XRP. Adding support for even more assets brings us closer to our long-term mission to help bring economic freedom, innovation, and equality to everyone, everywhere. Below are a few details about each…

HashCash to Trace Mineral Supply Chain From Congo For Car Manufacturers

Blockchain company HashCash Consultants has announced a partnership with a group of international car, mining and battery manufacturers to develop a blockchain-based supply chain network to track minerals. As Business Insider reported on Nov. 18, the parties are planning to build a blockchain-based supply chain system to trace ethical sourcing of minerals used in car and battery production such as cobalt, tungsten and lithium. By doing this, the companies aim to address child labor for mining operations. Addressing child labor in minerals mining The planned network is set to bring…

Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC

Grayscale Investment has submitted a filing with the U.S. Securities and Exchange Commission (SEC) that could change the status of its popular bitcoin investment product.  On November 19, 2019, the company filed a securities registration form with the SEC which, if approved, would see its popular Bitcoin Trust product become the first-ever digital currency investment product to be regulated by the SEC.  The Bitcoin Trust was initially launched as a way to give more investors exposure to bitcoin with some barriers to entry eliminated, like the need to protect your…

Bitcoin Mining Firms Merge to Build World’s Largest Purported Mining Farm in 2020

German Bitcoin (BTC) mining firm Northern Bitcoin has entered a merger agreement with United States-based competitor Whinstone to jointly build what will supposedly be world’s largest mining farm. According to a Northern Bitcoin press release published on Nov. 18, Whinstone is already building the aforementioned facility which is expected to have a capacity of one gigawatt on an area of over 100 acres in Texas. The mining farm in question will allegedly be the largest data center in North America. A quick construction plan The first phase of the construction…

PayPal Leads $4.2M Funding Round for Crypto Risk Management Platform

Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs. In a Nov. 19 press release TRM Labs announced that it secured $4.2 million in an investment round led by PayPal, with participation from other top investors including Initialized Capital, Blockchain Capital and Y Combinator. Building solutions to prevent crypto fraud and financial crime TRM, which was founded in 2018, aims to support financial institutions across the United States, Latin America, Asia and Europe by measuring, monitoring and mitigating their crypto risk exposure,…

Winklevoss Twins’ Gemini Buys Nifty Gateway, Marking Its First-Ever Acquisition

The Winklevoss twins’ Gemini exchange has made its first-ever acquisition by purchasing the Nifty Gateway platform, which enables users to buy and manage non-fungible tokens (NFTs). Tyler Winklevoss revealed the acquisition in a Nov. 19 blog post, detailing that so-called “nifties” are a unique asset or good on a blockchain that differ from other cryptocurrencies as they are one-of-a-kind and thus not interchangeable. Nifties’ features make them ideal as a base for crypto-collectibles and crypto-art, according to Winklevoss. Because all collectibles will migrate onto blockchain Currently, the Nifty Gateway platform…

Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform

Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution platform. Per a Nov. 19 press release, the NYDFS authorized FDAS to operate as a limited liability trust company and run a cryptocurrency custody and execution platform where both institutional investors and individuals can store, buy, sell and transfer Bitcoin (BTC). Superintendent of Financial Services Linda A. Lacewell noted that “this approval is further evidence that innovation and consumer protection can coexist…

Lamborghini Now Uses Salesforce Blockchain to Certify Heritage Cars

Italian luxury sports car brand Lamborghini is using Salesforce Blockchain to authenticate heritage Lamborghini cars. Salesforce, a major global customer relationship management firm, announced on Nov. 19 that Lamborghini can now trace, certify and authenticate heritage cars faster and more securely using its blockchain platform. Launched in May 2019, Salesforce’s Hyperledger-based blockchain platform will now be implemented to create a trusted network between multiple participants for certification checks during a Lamborghini’s resale. Each Lamborghini vehicle will now come with an immutable record of service Typically, when a Lamborgini is resold,…