Bitcoin ATMs are seeing consistent traffic during the pandemic, according to operators. The machines, often found in supermarkets, gas stations and other such hubs, are sometimes considered essential and can be found still operating even as many factions of society are locked down. Blockchain-based and...
Ant Financial rolled out a blockchain platform called OpenChain, which lets small- to medium-sized businesses (SMBs) and developers harness its proprietary blockchain technologies, according to an announcement. The technology offers many modules to developers that they can use in different mixes to create trust in...
Andreessen Horowitz is aiming to start a new cryptocurrency investment fund and to get $450 million for that endeavor, even as the global pandemic spooks most investors into conservative standpoints for now. Horowitz, which has been a supporter of Facebook’s divisive Libra currency since its...
Cryptocurrency scams aren’t doing so hot with the current pandemic conditions, dropping in value by 61 percent between March 13 and 31. It’s recovered a bit since that time, but the value of Ponzi schemes and investment scams, which are most of what constitute cryptocurrency...
Canaan Creative, the Chinese bitcoin miner maker, registered a net loss of $148.6 million for last year on $204.3 million in revenue, CoinDesk reported. The company said it had $114.7 million net loss in just the fourth quarter of last year. Canaan, for its part,...
After a cybercriminal took advantage of a sizable software flaw to steal digital currency valued at over $250,000, Bisq suddenly stopped allowing trading Tuesday night (April 7) when it came across “a critical security vulnerability,” Coindesk reported. The decentralized exchange (DEX) said it engaged in...
Shipping technology company CargoSmart Limited led an experimental blockchain project for the release of cargo with the Shanghai International Port Group (SIPG), Tesla and China Ocean Shipping Company (COSCO), according to an announcement. SIPG and COSCO made the cargo release process more efficient over the...
Eleven class-action lawsuits targeting crypto exchanges and cryptocurrency issuers were filed Friday (April 4) in Manhattan’s U.S. District Court. The plaintiffs, who are investors with the companies, allege the companies sold unregistered securities that totaled in the billions, according to published reports. In other crypto...
OneConnect Financial Technology and China Merchants Port Group (CMPort) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms,...
