Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

US Blockchain Firm Buys 17K Bitcoin Mining Rigs From Bitmain

American blockchain hosting provider Core Scientific signed a deal to buy next-generation Bitcoin (BTC) mining machines from major Chinese mining hardware producer Bitmain. Core Scientific will purchase more than 17,000 S19 Antminers from Bitmain on behalf of its clients and for its own use. It will be the largest number of S19 machines purchased by a single blockchain hosting company, according to Core Scientific. Kevin Turner, president and CEO of Core Scientific and the former COO of Microsoft said, “Core Scientific has received and begun testing the first of Bitmain’s…

Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.  According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones.  The planned exchange will trade in tokenized real…

Big Four Auditing Firm KPMG Launches a Crypto Management Suite

Big four auditing firm KPMG launched a cryptocurrency management suite with analytic features. According to a June 22 announcement, the new KPMG Chain Fusion suite is meant to allow financial technology companies to more easily offer crypto asset services on an institutional scale. The news follows a KPMG report which suggested that institutional custody services are of the utmost importance. Ensuring compliance for crypto businesses Crypto assets function very differently compared to traditional assets when it comes to technology infrastructure, operational mechanics, and inherent risks. Those differences translate to challenges…

French Fintech Firm Announces $78.5M Paris Real Estate Tokenization Deal

French fintech firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize various properties in Paris. According to a June 17 announcement, ID Distribution and Groupe JRI plan to jointly issue security tokens and a Frankfurt listed bond to acquire buildings in downtown Paris. The total amount of funds to be spent, 70 million euros (about $78.5 million) will be allocated to acquire five buildings which will be then leased. The use of security tokens is meant to strengthen the capital more so…

Israeli Software Firm Goes Behind Regulator’s Back to Pay $250,000 in BTC Ransom

An Israel-based company reportedly paid $250,000 in Bitcoin for a ransom payment demanded by hackers that threatened to shut down its systems after a ransomware attack. According to a source quoted by Calcalist on June 14, Sapiens International Corp. N.V. — a Nasdaq and Tel Aviv-listed software company — didn’t report the decision to the securities’ regulators of either the U.S. or Israel. The ransomware attack happened at some point between March and April, when the COVID-19 outbreak exploded across the globe, forcing most of the company’s employees to switch…

Turkish Real Estate Firm Antalya Homes Now Supports Bitcoin Payments

Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin (BTC). According to a June 15 announcement, Antalya Homes claims to have recorded the highest-valued real estate sale ever made while using Bitcoin as a payment in Turkey. Per the company, the coronavirus pandemic forced the real estate industry to innovate. More precisely, Antalya Homes reacted by offering virtual home tours and adding support for Bitcoin on its website. The firm’s chairman Bayram Tekce explained: “In the sale of…

Leading Middle East Telecoms Firm Zain Joins Hedera Governing Council

Zain Group — a leading telecoms provider in the Middle East and North Africa (MENA) region — has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph. Zain provides mobile voice and data services to over 49.5 million active customers and has a commercial presence in eight countries in the MENA region — including Kuwait, Bahrain, Iraq, Jordan and Saudi Arabia. Zain’s joining of the council represents a regional first, Hedera’s announcement on June 15 claims.   Hadera Hashgraph and its governing members To realize its aim of establishing…

Blockchain Firm Pitches CBDC Operating System to Bank of England

United Kingdom-based blockchain firm L3COS has submitted a proposal to the Bank of England, or BoE, for a blockchain-based operating system to power a central bank-issued digital currency, or CBDC. L3COS described the proposal as a response to the consultation document on CBDC published by BoE in March — which identified several benefits and challenges associated with central bank virtual currencies and invited feedback from technology providers, financial institutions, and academics. Blockchain firm pitches CBDC system to BoE In an article published by U.K.-based outlet Verdict on June 12, L3COS…

Japanese Firm Unveils New Privacy Feature For Bitcoin Wallets

Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy. According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from which they request the balances or transaction history. The statement said that conventional Bitcoin wallets explicitly ask servers for the balance of their addresses, which links the balance, transactions and addresses. However, “using the technology Fressets has developed, it is mathematically proven that the servers cannot learn anything…