Japanese Internet Giant GMO’s New Web Bank Will Use Blockchain for Payments


Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services.

In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group,

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Bitcoin Mining Firms Make Chinese Unicorns List for First Time

Three bitcoin mining companies have joined a list of “unicorns” – private companies valued at over $1 billion – for the first time.

The Shanghai-based Hurun Research Institute published its Q2 Unicorn Index for the Greater China region on Wednesday, which notably included the names of several major bitcoin mining firms: Bitmain,

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Sequoia China, Polychain Lead Blockchain Startup's $28 Million Round

Blockchain startup Nervos Network has announced the completion of a $28 million Series A funding round.

The company said on Wednesday that major investors in the round included token-focused hedge fund Polychain and venture capital firm Sequoia China, as well as several China-based blockchain startups like wallet services Bixin and imToken.

The new financing will be put to use expanding Nervos’

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EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Alt-coin Buyers Going Full Throttle

Safe IOTA and Tron, Litecoin and EOS were particularly slow yesterday. That’s even at the backdrop of solid news of Peter Thiel investment at Block One, Moon Zebra launching new Litecoin supporting ATMs at Malta and Tron burning 92.4 billion ERC20 tokens. Overly though, we remain bullish and expect Q3 to be a spring board for Q1 and 2 bear reversals.

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Stellar Becomes ‘First’ Sharia-Certified Blockchain for Payments And Asset Tokenization

Stellar, an open-source platform for distributed payments, is reportedly the first distributed ledger protocol to obtain Sharia compliance certification in the money transfer and asset tokenization field, according to a Stellar blog post published July 17.

The Shariyah Review Bureau, a leading international Sharia advisory agency licensed by the Central Bank of Bahrain,

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Silicon Valley Elite Duran Liu Uses Atlas Protocol to Break Blockchain’s Marketing Value


This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company,

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Crypto Market Adds $20 Billion in 30 Minutes as Bitcoin Spikes Above $7,400


The bitcoin price has surged 10 percent over the past 30 minutes, subsequent to experiencing a substantial spike in its volume.

Within one-hour period, the price of bitcoin, Bitcoin Cash, ether, Ripple, and EOS increased by 6 to 10 percent, as the valuation of the cryptocurrency market surged to $292 billion from $272 billion,

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China Sees 454% Increase in Companies with ‘Blockchain’ in Name


Today’s $1,000 bitcoin price rally aside, the cryptocurrency market might be enduring a bear cycle triggered by vanishing consumer interest, but blockchain, it seems, is still big business — particularly in China.

Citing government data sourced from Chinese-language outlet Qixin, the South China Morning Post reports that,

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Japan Revamps Financial Regulatory Agency to Address Issues in FinTech, Cryptocurrencies

Japan has overhauled its financial regulator, the Financial Services Agency (FSA), in order to better deal with fintech-related fields, including cryptocurrencies, news outlet Nikkei Asian Review reported July 17. Changes were made to various bureaus in order to make the organization more suited to address new problems and challenges in the financial sector.

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Concern Mounts Over Potential Crypto Exchange WEX Exit Scam


Users are increasingly concerned that an exchange claiming to be based in Singapore is pulling an exit scam following suspicious trading activity and locked wallets that are now preventing all users from withdrawing funds.

On July 11, CCN reported that BTC/USD was trading on the WEX exchange at over $9,000 despite the global market average being under $6,400.

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Stellar Becomes First Crypto Protocol to Obtain Sharia Certification


Stellar, the seventh-largest cryptocurrency network, has become the first digital ledger technology (DLT) protocol to obtain Sharia certification for payments and asset tokenization.

The Stellar Development Foundation announced on Tuesday that, following a review of the technology’s properties and applications, the Shariyah Review Bureau (SRB) had certified Stellar as a Sharia-compliant vehicle for conducting monetary transfers and tokenizing real-world assets.

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World's First Bank-Backed Crypto Exchange Finally Opens to the Public

The world’s first bank-backed cryptocurrency exchange is now open to the public after months of delays.

Japanese financial giant SBI Holdings formally launched its in-house crypto trading platform, dubbed VCTRADE, last month. Yet, as reported by CoinDesk at the time, the trading service was only available for a group of selected users who pre-registered with the platform last October.

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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,

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