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FinFabrik and Chekk sign MOU to live and breathe KYC into digital assets investment

FinFabrik and Chekk sign MOU to live and breathe KYC into digital assets investment

FinFabrik is pleased to announce that it signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling financial institutions in private markets to grow new digital asset businesses powered by distributed technology.

New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis

New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis

Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.

World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

Sygnum has been granted approval by the Monetary Authority of Singapore (MAS) to operate digital markets/banking services in the country

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).

Korean Blockchain Games Are Becoming More Mainstream in Global Markets

Korean Blockchain Games Are Becoming More Mainstream in Global Markets

The latest Game “Crypto Legends” and “Knights Story” developed by Weneepl and Biscuit gaming have been released into the markets with a large demand happening all across the world. In Korea due to market rulings and regulations, the games are not in full availability in Korea, but booming abroad.

Ripple Pilots Private Version of XRP Ledger for CBDC Issuance

Ripple Pilots Private Version of XRP Ledger for CBDC Issuance

Judging from the daily candlestick chart of Ripple (XRP), the bulls are currently working hard to push XRP above the Exponential Moving Average Ribbon.

US Congress Plans New Provisions for Cryptocurrency Derivatives Markets

US Congress Plans New Provisions for Cryptocurrency Derivatives Markets

The US Congress aims to pass a new bill deciding on data collection for digital commodities contracts and swaps.

First Private Bank Joins Turkish Digital Asset Blockchain Network

First Private Bank Joins Turkish Digital Asset Blockchain Network

Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.

Google Privacy Lawsuit: Google Chrome Incognito Records and Shares Private User Data

Google Privacy Lawsuit: Google Chrome Incognito Records and Shares Private User Data

Google is being sued in a class-action lawsuit, filed on June 2, for the invasion of privacy and sharing users' data, even when they are browsing in private mode.

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

AirCarbon Pte, a Singaporean exempt private company, has established the first-ever blockchain-powered carbon trading exchange (CTX) that will permit corporate buyers and airlines to sell and purchase tokens subsidized by carbon offset credits.

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).

Revenue from MicroStrategy’s $600M Private Offering Will Be Used to Buy Even More Bitcoin

Revenue from MicroStrategy’s $600M Private Offering Will Be Used to Buy Even More Bitcoin

MicroStrategy will host a $600M private offering and the revenue will be used to buy more Bitcoin.

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