Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy. According to bankruptcy filings late in November, the firm has just 4.6 million Canadian dollars (US$3.5 million) in assets, but owes creditors CA$13.2 million (US$10 million), CBC News reported Wednesday. Having run centers in Labrador […]
Chinese Insurance Giant Ping An’s Blockchain Arm Reveals Terms for $468M IPO
OneConnect Financial, the blockchain and AI subsidiary of China’s top insurance company Ping An Insurance, has set the terms for its planned NYSE listing.
North Korean Hacking Group May Be Behind Malware-Laden Fake Crypto Site
A new and hard-to-detect macOS malware variant has been discovered lurking on a fake cryptocurrency trading site.
MUFG Teaming up With Indeed.com Owner to Launch Digital Currency for Payments: Report
Japan’s MUFG Bank and Recruit Holdings are reportedly launching a digital currency as part of a new payments initiative.
Court Backs Nordea Bank Bid to Block Staff From Trading Crypto
Nordea Bank has won a court battle in Denmark over its bid to bar employees from buying and selling cryptocurrencies outside of work.
WisdomTree Launches Physically Backed Bitcoin ETP on SIX Swiss Exchange
A new bitcoin exchange traded product has just listed on the Swiss stock exchange SIX, and it’s physically backed by the underlying crypto.
The SEC Has a New Chief Crypto Cop
The U.S. Securities and Exchange Commission has appointed a new head of the cyber unit that tackles crypto firms breaking the law.
Kakao to Launch Browser Extension Wallet for Klay Crypto Before Dedicated App
Kakao’s in-development wallet for its “klay” cryptocurrency will support dapps and tokens based on the firm’s blockchain tech. The bad news is the launch has been delayed.
The Vertcoin Cryptocurrency Just Got 51% Attacked – Again
Vertcoin, a crypto project that sets out to keep mining power decentralized, has suffered its second 51-percent attack in a year.
Coinbase Acquires Prime Broker Tagomi for $150M: Source
San Francisco-based cryptocurrency exchange Coinbase has acquired prime broker Tagomi for $150 million, a source told CoinDesk.
Russian Central Bank Says It Would Support Crypto Ban
The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency.
German Banks Allowed to Sell and Custody Crypto Assets From 2020: Report
From next year, banks in Germany will be allowed to offer the sale and storage of cryptocurrencies under new legislation.
Canadian Fund Manager 3iQ Files Propectus for Bitcoin Fund IPO
Canadian investment fund manager 3iQ has listed the preliminary prospectus for its bitcoin fund as the next step toward an initial public offering (IPO), the company said Thursday.
A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace
Around one third of the top 120 exchanges are “weak” when it comes to know-your-customer (KYC) verification, while two-thirds “lack strong KYC policies,” the firm said.
Swiss Government Moves to Remove Legal Barriers for Blockchain Development
The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament.
Ripple-Backed Rental Firm Omni Shutting Down With Coinbase Snapping Up Dev Team: Report
Digital rentals marketplace Omni is shutting up shop, with Coinbase agreeing a deal to take on its engineers.
Another Crypto Exchange is Dropping Privacy Coin Monero Over Compliance Risk
BitBay exchange is the latest to delist the privacy-focused monero cryptocurrency over AML concerns.
Another Class Lawsuit Claims Bitfinex, Tether Manipulated Bitcoin Market
Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit “mercenary and baseless,.”
Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling
A U.S. man has pleaded guilty to having embezzled millions from his former employer and splashing the funds on personal expenses and crypto-funded online poker.
EU Launches Estimated €400M Blockchain, AI Fund to Avoid Lagging US, China
A new fund has been set up with the aim of preventing the EU falling behind nations like the U.S. and China on blockchain and AI innovation.