Chinese Shipping Giant to Explore Blockchain for Upstream Supply Chain Financing

China Shipbuilding Industry Company Limited (CSICL) is going to explore how it can apply blockchain to financing its upstream suppliers, reports official Chinese newspaper People’s Daily on March 27. CSICL is a subsidiary of one of the two largest Chinese shipping conglomerates, China Shipbuilding Industry Corporation (CSIC). CSICL signed a strategic cooperation agreement on supply …

13 Banks Invest in SBI’s Ripple-Powered Blockchain Payment App

Blockchain payment app MoneyTap, co-developed by Ripple and Japanese financial services giant SBI Holdings, has received investments from 13 local banks, according to an SBI press release published on March 28. In the announcement, SBI Holdings informs that Kiraboshi Bank, Shinsei Bank and Hokuriku Bank, along with ten other local financial institutions, have joined their …

Crypto Gift Cards Can Now Be Used For Reservations on Airbnb

Digital gift cards and mobile phone refill provider Bitrefill has added an option to make Airbnb reservations with cryptocurrency, Bitrefill announced in al tweet on March 27. Per the announcement, customers can now pay for their bookings with Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Litecoin (LTC), and Dogecoin (DOGE). The card is technically a voucher …

OKEx Founder Reveals OK Group’s Partnership With US Trust Firm, Plan to Launch Stablecoin

Star Xu — founder of exchange services provider OKCoin and the world’s 6th largest crypto exchange OKEx — has announced OK Group’s partnership with blockchain-focused trust company Prime Trust, prospectively allowing the firm to launch its own compliant stablecoin. The news was revealed in a tweet from Star Xu on March 28, retweeting an earlier …

Japanese Court Acquits Man Accused of Cryptojacking

A Japanese court has acquitted a man who was accused of illicitly mining cryptocurrency by using the computing power of visitors to his website, Japan Today reported on March 27. The Yokohama District Court reportedly ordered to acquit a 31-year-old website designer, who allegedly ran Coinhive on his website to mine digital currency. The program …

Coincheck Owner Monex Group Announces Major Management Changes

The Japanese broker that acquired the hacked cryptocurrency exchange Coincheck in April 2018 has announced major changes in its management structure. The news was revealed in a press release published on March 27. The current representative executive officer and president of Monex group, Oki Matsumoto, will now also be the representative director and chairman of …

Alleged CabbageTech Crypto Fraudster Indicted on Nine Counts

United States Attorney for the Eastern District of New York Richard P. Donoghue unsealed a nine-count indictment against Patrick McDonnell today, according to a press release from the Department of Justice (DoJ) on March 26. Following his arrest earlier today, McDonnell — the owner and operators of purported investment firm CabbageTech — was charged with …