Chinese Government Supports Development of ‘Blockchain City’ in Malaysia

The Chinese government is purportedly supporting the construction of a “blockchain  city” in the critical shipping lane of the Malaysian Malacca Strait. The development was announced in a press release shared with Cointelegraph on April 26. Construction and engineering company China Wuyi and investment network SWT International Sdn Bhd have jointly launched the Chinese government-backed …

Report: E*Trade Prepares to Offer Crypto Trading

Online trading firm E*Trade Financial Group is preparing to offer cryptocurrency trading on its platform, sources familiar with the matter told Bloomberg on April 26. E*Trade will reportedly begin by offering bitcoin (BTC) and ether (ETH) after which it will add other cryptocurrencies. As one of the largest online trading platforms, E*Trade offering cryptocurrency trading …

SBI’s Crypto Exchange SBIVC Achieves Profits in First Fiscal Year, Considers STO

New Japanese crypto exchange SBI Virtual Currencies (SBIVC) achieved profitability in the first year of its launch, Cointelegraph Japan reports on April 26. SBIVC exchange, launched by Tokyo-based financial services giant SBI Holdings, reportedly recorded a profit before tax of almost 360 million Japanese yen ($3.2 million) for the full fiscal year from April 2018 …

Samsung IT Subsidiary Releases New Version of Enterprise Blockchain Platform

Samsung SDS, the IT subsidiary of international technology giant Samsung Group, has released a new version of its enterprise blockchain platform dubbed Nexledger Universal, according to a press release on April 24. Nexledger Universal offers an application programing interface that can be applied to different blockchains like Ethereum, Hyperledger Fabric and the firm’s own Nexledger …

India Considers Complete Ban on Digital Currencies

A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25. An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official …

Top Traders Held Talks on Making Crypto Part of Global Financial Architecture: Bloomberg

More than 20 of the crypto market’s biggest traders gathered in January for talks on making digital assets and tokens part of the global financial architecture, according to a Bloomberg report published on April 25. The meeting was reportedly arranged by Standard Chartered executive Hoe Lon Leng — and representatives from Galaxy Digital, Coinbase and …

Binance Singapore Launches But Offers Just One Trading Pair, Report

Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features. Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company’s main exchange. The Binance Singapore website suggests that the …

Ledger Appoints Its President Pascal Gauthier as New CEO

French hardware crypto wallet producer Ledger has named its president, Pascal Gauthier, as the new chief executive officer of the company. The news was announced in a press release published on April 24. Gauthier —  a seed investor and board member —  initially joined Ledger as its president, and will now reportedly be in charge …

Telecoms Giant NTT’s Thai Unit Plans to Launch Blockchain, AI, IOT Innovation Lab

Telecoms giant NTT Corporation’s Thai subsidiary plans to launch a major innovation lab focused on blockchain, artificial intelligence and internet of things technology. Thai English-language newspaper the Bangkok Post reported on the development on April 23. NTT Communications (NTT Com) Thailand is the local operating unit of NTT Com Group, a subsidiary of Nippon Telegraph …

South Korean Hospital to Create Blockchain Medical Data Management Platform

Blockchain-powered medical data marketplace Longenesis and biotechnology company Insilico Medicine have entered into an agreement with South Korean hospital Gil Medical Center to create a blockchain-based health data management solution. The development was announced in a press release published on April 23. As part of the collaboration, the parties intend to develop a blockchain-powered platform …