SBI Holdings’ Crypto Exchange Vctrade Accepts Bitcoin, Ethereum, Ripple Deposits

Vctrade, a crypto exchange recently launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. The company has revealed this in a press release published Dec. 21.

The announcement further notes that the exchange — which was launched in July — is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained that cryptocurrency withdrawals will not be available until late January 2019, and will be limited to a hardware wallet that the company refers to as “designated wallet.”

The ability to only use one specific wallet, according to the announcement, is supposed to “link the address pertaining to the customer,” thus ensuring adequate implementation of Anti-Money Laundering and Counter-Terrorist Financing measures on the exchange.

SBI Holdings, according to its website, has paid-in capital of over 92 million yen ($828 million), and over six thousand consolidated employees. According to an interim results announcement, in the six months ended Sep. 30 of this year the company registered over 176 million yen in revenue ($1.584 million).

As Cointelegraph reported in September, a subsidiary of SBI Holdings, the SBI Savings bank, has signed a memorandum of understanding with Dayli Intelligence, a company specialized in artificial intelligence and blockchain technologies. The bank has reportedly made this move to bolster its fintech business.

In August, SBI Holdings also announced that it had made a second investment in cryptocurrency exchange LastRoots.

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The Daily: US Presidential Candidate Accepts Crypto, KICKICO Hacked – $7.7M Stolen

The Daily

US presidential candidate, Andrew Yang (D), has announced that his campaign for the 2020 election is now accepting cryptocurrency donations. Also in the Daily, Chinese social network, Tianya, is about to issue a native token, and the KICKICO project has been hacked – resulting in the loss of $7.7 million USD worth of tokens due to a security breach of its smart contract.

Also read: Twitter Blocks Bots Mimicking Musk, Coinvault Hackers Sentenced

Yang 2020 Campaign Accepts Bitcoin and Any ERC20

US Democrat Andrew Yang’s campaign is now accepting donations in Bitcoin Core (BTC), Ethereum (ETH), and other cryptocurrencies for the 2020 US presidential election. Yang announced the news on Twitter calling on his supporters to “build the future together.”

The announcement released by his team to “our crypto donors” reads: “We currently accept Bitcoin and anything on the ERC20 standard.” It also comes with instructions on how to donate cryptocurrency and notes that the maximum for individual donations is set at the fiat equivalent of $2,500.

Yang believes in cryptocurrencies and blockchain technology, and has already declared that he sees them as a potential catalyst for socio-political change. He has also previously stated on social media that a “smart government” should embrace cryptocurrency technology:

During a Facebook AMA I was asked about crypto and blockchain. I think the technology has massive potential to create a more transparent society. A smart government would embrace this and work with it. I would do that.

Chinese Social Network Tianya to Issue Native Token

Tianya Club, one of the most popular social networks and online forums in the People’s Republic, has announced it will launch its native Tianya Token (TYT) on August 8. According to a post published on its blog, TYT will be the only means of accounting in its blockchain-based community ecosystem. Tianya.cn is among the most visited websites in China, ranking in the top 20 of the Chinese Internet.

The Daily: US Presidential Candidate Accepts Crypto, KICKICO Hacked - $7.7M Stolen

The number of tokens that the company is planning to release is limited to 90 billion. The users of the platform will receive TYT awards based on their contribution to the community. The coin will be used as a medium of exchange and a means of payment underpinning various transactions and payments within the community.

Tianya also plans to keep 20% of the new tokens for team incentives, ecological development investments, and operation promotion – depending on the needs of the community. The other 80% will be used for community rewards, incentives for users to participate in content creation and community governance, and rewards to original content creators and independent contributors.

KICKICO Hacked, Coins Worth $7.7M Stolen

The Daily: US Presidential Candidate Accepts Crypto, KICKICO Hacked - $7.7M StolenKICKICO, an ICO project based on the Ethereum protocol, has admitted experiencing a security breach in which the attackers gained access to the account of the KICK smart contract. The company announced that its team has been notified about the hack by victims who reported that they were not able to find tokens worth $800,000 USD in their wallets.

According to an investigation launched probing the hack, the total amount of stolen funds is 70,000,000 KICK – equal to $7.7 million USD at the exchange rate at time of the announcement. KICKICO claims that it has already restored full control over the smart contract and promises to return all stolen Kickcoins to their holders.

Providing more details about the attack, the company explains that the hackers gained access to the private key of the owner of the Kickcoin smart contract. They also attempted to hide their activities by employing methods used by the contract in integration with the Bancor network. Earlier this month, the decentralized exchange was also breached, as news.Bitcoin.com reported.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


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The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches Cloud

The Daily

In today’s edition of Bitcoin in Brief we cover stories about one of the largest inter-dealer brokers in the world exploring the cryptocurrency market, a privacy-focused email service that now accepts several cryptos, a new white label exchange offering and a cloud mining service that abruptly ended BTC contracts.

Also Read: Coinbase Gets $20 Billion Prime Client, Ads Back on Facebook

TCAP Explores Market

TP Icap plc (LSE:TCAP), one of the largest connectors between banks’ traders in the financial, energy and commodities markets, has reportedly set up a ‘working group’ earlier this year to explore how it should approach cryptocurrencies. The crypto working group includes some of TP Icap’s most senior executives and was established under former CEO John Phizackerley, according to “people with knowledge of the matter” cited by Financial News London. This could be another indication that mega banks are looking to enter the crypto dealing market and that the networks that serve them are preparing for that day. Last week it was reported that Blackrock, the world’s largest asset manager, is probing the crypto market with a similar working group.

Hashflare Stops BTC Cloud Mining

The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches CloudHashflare, a cloud mining service which has been operating for a few years already, has announced it stopped its active SHA-256 contracts due to continued BTC mining unprofitability. The company explained in a Facebook post that: “For over a month our users encountered a situation when the payouts were lower than the maintenance fees, resulting in zero accruals to the balance. As of 18.07.2018, the payouts were lower than maintenance for 28 consecutive days.”

The team seem to think they can recover from this, writing “We expect that the cryptocurrency market situation will stabilize in the nearest future and we will be able to offer our users new advantageous solutions.” However, the reputation of Hashflare might be too tarnished for that, as many clients are complaining that the company offers no refund for their money invested in the contracts nor an alternative mining option to divert their resources to. People are also suspicious that the company has added KYC/AML requirements right before this announcement, preventing those who wish to remain anonymous from withdrawing their funds.

Tutanota Now Accepts Several Cryptocurrencies

Tutanota, an open-source end-to-end encrypted email with over 2 million users, has announced that the service has started integrating cryptocurrency support. As a first step, users can now donate to Tutanota with BTC, BCH, ETH and XMR. The developers are now also testing how easily they can automate the processing of crypto payments in order to add an option to pay with cryptocurrencies. “We at Tutanota have always been in support for cryptocurrencies because we welcome the idea of a decentralized payment method that works independent of centralized payment processors such as banks or credit card institutions”, the team stated. “We very much welcome the idea of an anonymous payment option as well. With Tutanota we want to provide an anonymous email service for journalists, whistleblowers and human rights activists who need the extra protection they get from the built-in encryption of Tutanota.”

Huobi Launches White Label Exchange Service

The Daily: TCAP Explores Market, Tutanota Accepts Cryptos, Huobi Launches CloudDid you ever want to launch your own crypto exchange but didn’t have the technical capabilities to set it up? Now you have a new option. Huobi, the Singapore-headquartered trading venue, has launched a new service for companies that wish to offer a white label exchange of their own. Called Huobi Cloud, the business will rely on Huobi’s existing platforms, providing services for setting up OTC exchanges and currency exchanges with little to no IT capability requirement. The company explains that clients can share the order integration system, wallet system, asset management and clearing system of the Huobi Global platform, connecting to its depth, liquidity, and market data.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


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