Archive for  November 2019

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In contrast to courier companies, such as DHL, FedEx and Amazon, that are using drones to deliver customers’ packages tight to the door, the computing giant has an opposite view on this. The patent, that IMB has won on November 12th states: “The confluence of the increase in drone use and the increase in online shopping provides a situation in which a drone may be used with nefarious intent to anonymously take a package that is left on a doorstep after delivery.”

As a result of a crypto crack down by the People’s Bank of China five more crypto exchanges ended their operation due to unfavourable business environment. Moreover, Weibo, a Chinese blogging website closed all of its accounts that were handled by Binance Holdings and blockchain platform Tron.

The South Korean cryptocurrency exchange said that the loss that occurred as a result of an abnormal transaction this Wednesday morning will be covered by its own assets within two weeks. The $49 million worth of ETH was sent from Upbit’s wallet to an account name starting with 0xa09871.

The final investment of $20 million was made on November 25th, as a part of the initial $50 million equity funding commitment in exchange for equity. MoneyGram plans to use xRapid liquidity products to enable one currency money transfers and instant settlements in the destination currency.

The distributed ledger technology (DLT)-based payments system will be used by the French bank across Europe. Denis Beau, the first deputy governor of Banque de France said: “The tokenisation of financial assets combined with the recourse to blockchain-based solutions and more broadly Distributed Ledger Technologies to store and transfer those assets could help answering market’s demands.”

The app was previously available only on web browser only. Now both iOS and Andorid users can download the app on their mobile devices for trading derivatives on digital assets, and use it for the  transfers between spot and futures markets. In addition, the new app can be accessed with a QR-code, stream live order books and rates, and manage open positions and open orders.

However, the trading volume is still growing, indicating that investors are not put off by this dip and are happy to enter the market. According to the Coinmarketcap, the price dropped to $7,982 this Tuesday, coming back to $8,109 within just over 24 hours. Experts suggest that the dip in the price might be due to mining capitulation.

Singapore’s financial regulatory authority revealed their plans to introduce crypto derivatives due to a sharp increase of interest in crypto-related products among traders and investors. The move was motivated by the success. BitMEX, one of the leading cryptocurrency derivative trading platforms had within the past few years.

Start-up company TRM Labs wants to accelerate the institutional embrace of crypto by scouring over a dozen blockchains, analyzing billions of transactions for signs of fraud and money-laundering. The big-name investors of this project are Alexis Ohanian’s Initialized Capital SF stalwart Blockchain Capital and PayPal Ventures. Unlike its competitors, such as Chainalysis and Elliptic, the TRM Labs’ main focus is finance.


The e-commerce giant announced that they will no longer accept BTC and other digital currencies as payment method, after they terminated their partnership with Lolli platform. Allegedly, Lollo carried out a promotion on Alibaba website, offering a 5% cashback paid in BTC. As it turned out, Alibaba was not aware of this promotion.