Cloud Mining Platform HashFlare Stops Services, Disables Equipment on SHA-256 Contracts

Cloud cryptocurrency mining service HashFlare announced July 20, that it is stopping mining services and shutting down hardware on current SHA-256 contracts due to difficulty generating revenue. HashFlare is a cloud cryptocurrency mining platform founded in 2013. Cloud mining is a system where a user purchases a portion of the mining power of hardware hosted and owned by a cloud mining service provider. The service provider configures the hardware, maintains uptime and selects the most efficient and reliable pools. The decision to discontinue mining maintenance is reportedly the result of…

Gov’t Owned CrimsonLogic Launches Global Cross-Border Blockchain Platform

Singapore e-government service provider CrimsonLogic has unveiled its cross-border blockchain network for global trade, according to a July 18 press release. Dubbed the Open Trade Blockchain (OTB), the platform is principally designed to boost the efficiency of trade corridors between China and the Association of Southeast Asian Nations (ASEAN) nations. Various operators have already signed up to join OTB, including the China-ASEAN Information Harbor Co., TIFFA Group, and Singapore’s Commodities Intelligence Centre. According to Eugene Wong, the chairman of CrimsonLogic and its subsidiary, GeTS, which will operate the platform, blockchain…

Malta Stock Exchange, Crypto Exchange OKEx to Launch Security Tokens Trading Platform

The Malta Stock Exchange (MSE) in collaboration with digital asset exchange OKEx will create a new institutional grade security-tokens trading platform, says a MSE press release shared with Cointelegraph on July 19. In mid-spring, major crypto exchange OKEx had moved to Malta, noting their “confidence” in the Maltese government’s approach to cryptocurrencies. The joint project, named OKMSX, launched after the signing of a Memorandum of Understanding (MoU) between MSE and OKEx, and aims to become a platform for digital asset exchanges with security expertise and client due diligence. MSX has…

Tech Giant Oracle Launches Blockchain Cloud Service Platform

Tech giant Oracle has formally launched its much-anticipated blockchain service, and many global organizations have already jumped aboard the platform. News of Oracle’s new blockchain platform first came to light in May, as reported by CCN. At the time, Thomas Kurin, Oracle’s president of product development, mentioned how this upcoming platform would be integrated with other existing services. After Years in The Making, The Platform is Ready for The World Today, those goals began to come to life. The Oracle Blockchain Cloud Service offers its clients a safe environment to…

Robinhood Adds Support for Dogecoin on Its Crypto Platform

U.S.-based trading company Robinhood has added support for Dogecoin (DOGE) on its Robinhood Crypto platform, according to a blog post published July 16. DOGE is a peer-to-peer digital currency started as a parody on a dog meme based on a real Japanese Shiba Inu named Kabosu. DOGE was introduced in December 2013, and currently has a market capitalization of $331 million according to Coinmarketcap. With today’s announcement, DOGE has joined Litecoin (LTC) and Bitcoin Cash (BCH), which were added to the platform last week. Dogecoin has no limit to how…

Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform

The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30. At the time, the bank unveiled a proof-of-concept (PoC) blockchain platform built for trade finance. Initiative Went from 6 Participant Banks to More Than 21 The enterprise initially included participants such as Bank of China (Hong Kong), Deloitte, HSBC, the Bank of East Asia,…

Korean Internet Agency to Develop Blockchain Platform With Housing Finance Corporation

The Korea Internet & Security Agency (KISA) and the Korea Housing Finance Corporation (HF) have signed a memorandum of understanding (MOU) to develop a blockchain-based storage system for documents, Korean news agency Newsis reports July 16. KISA and HF will introduce a blockchain system to manage electronic documents for mortgages and loans. KISA will provide HF with consulting and technology for building and operating the new system. HF, which provides housing finance services for low and middle-income families, will digitize paper documents and migrate them onto an online registered documents…

New Platform Provides Insurance for Blockchain Companies

iXledger, a company founded in early 2017 in London, U.K., has launched Blockchain Insurance, a platform that enables blockchain companies to obtain business insurance quotes based on a risk assessment. The platform presents exposures in metrics relevant to the underwriters, insurers and reinsurers. The company says that the team has launched the platform in partnership with experts in London’s insurance markets. It is specifically tailored to protect blockchain businesses from risks associated with legal threats, financial exposure, cyber risk and crime. The iXledger platform provides a number of features that…

Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform

Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT reports. A major aim of the 21-party scheme is to reduce the amount of time and bureaucracy involved in signing up new fledgling businesses to banking services by smoothing over transactions.   Using blockchain, “some” transactions…

Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform

SIX Group, the parent company of Switzerland’s principal stock exchange, has revealed that it is “open” to the possibility of offering cryptocurrency trading services on its digital trading platform. The platform, still in development, is set to launch by mid-2019, SIX Group’s spokesman told the Swissinfo news outlet in an interview July 15. Swiss Infrastructure and Exchange (SIX) Group operates the country’s largest stock market, and is planning to launch a “fully-regulated” platform for digital asset trading by mid-2019. The service is set to offer a “complete” range of services…