Bitcoin 

Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system. “Crypto transfer device” supports four currencies According to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement states:  “What we were waiting for, our alliance with Glufco, puts us at the forefront.”  The system will provide support for Bitcoin (BTC), Ether (ETH), Dash (DASH) and Petro, the Venezuelan government’s state-backed digital currency.  Neither offering, it appears,…

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Bitcoin 

Japanese Messaging Giant Line Rolls Out Crypto Trading Platform Bitmax

Japanese messaging giant Line launched its new crypto trading platform Bitmax on Sept. 17, Cointelegraph Japan reports. FSA approval received Following regulatory approval to operate a crypto exchange in early September, Line’s blockchain arm LVC Corporation officially introduced its newly launched crypto platform today. In accordance with previous announcement, Bitmax will initially allow users to trade five major cryptocurrencies including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC). Small transactions for newcomers With exposure to 81 million users in Japan, Line now accepts deposits and withdrawals through…

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Bitcoin 

SatoshiLabs Rolls Out Bitcoin-Only Firmware for Trezor Wallets

SatoshiLabs, the Prague-based manufacturer of hardware cryptocurrency wallets Trezor, released a beta version of its new firmware that supports Bitcoin (BTC) exclusively. “Orange coin good!” According to the blog post published on Sept. 9, SatoshiLabs’ new BTC firmware is now available to download for both Trezor One and Trezor Model T. The company also noted that it aims to introduce a “stable version” of Bitcoin-only firmware in the next month’s release, adding: “From now on, we will be producing four different versions of firmware — regular (full altcoin support +…

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Blockchain 

Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that this is the first compliance alerts solution available for 15 crypto assets. Compliance risk mitigation The tool is meant to help cryptocurrency exchanges and other financial institutions mitigate their regulatory and reputational risks. Michael Breu,…

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Blockchain 

Deloitte Rolls Out Demonstrational Blockchain Platform

Big Four audit and consulting firm Deloitte has rolled out a blockchain-based platform designed to provide users with blockchain demonstrations and experimentations. In a press release published on Aug. 19, Deloitte revealed the launch of the Blockchain in a Box (BIAB) platform, which the company built based on customer interest in understanding blockchain capabilities in real world use cases.  Demonstrational platform for prototypes Deloitte described the new platform as: “a mobile, self-contained technology platform capable of hosting blockchain-based solutions across four small-form-factor compute nodes and three video displays, as well…

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Blockchain 

Kraken Rolls Out New Funding Options for 5 Major Fiat Currencies

United States-based crypto exchange Kraken has partnered with Estana Custody to offer new options for fiat deposits and withdrawals in five major currencies.  New funding options for USD, EUR, CAD, GBP, JPY According to an official announcement from the exchange on July 29, the partnership will bring Kraken’s global customer base access to new funding options for U.S. dollars, euros, Canadian dollars, British pounds sterling and Japanese Yen.  While the new onramps are not available for “Starter” Kraken accounts, “Intermediate” and “Pro” level traders can access the fiat funding options…

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Ethereum 

Overstock’s tZERO Subsidiary Rolls Out Android Version of Crypto App

Overstock’s digital currency arm tZERO has released an Android version of its recently launched cryptocurrency mobile application, according to a press release published on July 25. Initially, the tZERO Crypto App rolled out in late June supporting two major coins Bitcoin (BTC) and Ether (ETH), and claiming to be hack-resistant solution for trading and storing cryptocurrencies. The launch of the digital wallet and exchange services app for crypto was coupled with the release of its iOS version. Per the recent announcement, tZERO utilizes biometric authentication for additional security and also…

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Ethereum 

Square Rolls Out Bitcoin Deposits for Cash App to General Public

San Francisco-based payments company Square has just made bitcoin (BTC) deposits available on its Cash App on June 26  Cash App users will now be able to deposit bitcoins from external wallets into their app bitcoin address. According to Square’s announcement, deposits are limited to $10,000 worth of bitcoin in a seven day period. It also notes that transfers could take several hours to be confirmed on the blockchain. As noted by Coindesk, Square apparently made bitcoin deposits previously available for some users. Twitter user and self-proclaimed “Bitcoin Permabull” Dennis…

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Ethereum 

Zcash Rolls Out New Software Client to Bolster Network Health

Nonprofit organization The Zcash Foundation has partnered with blockchain company Parity Technologies to release a new, open source software client for the cryptocurrency Zcash, according to a press release on June 17. The new software client, Zebra, purportedly exists to provide redundancy in the case of its first client — Zcashd — failing. Zcash hopes this will provide better security for its crypto network as a whole. Additionally, the client is designed to improve Zcash performance in other ways, such as having a means to “detect implementation-specific bugs” and avert…

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Bitcoin 

Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry, local technology-focused new outlet ITWeb reported on June 10. Following comprehensive research of the industry, Old Mutual has arrived at a decision not to insure equipment used for digital currency mining because of the unregulated nature of the industry. Among other reasons, the company also named cryptocurrencies’ exposure to fraudulent activity and modified electronic infrastructure of mining equipment that leads to overheating and other malfunctions. Christelle Colman, an…

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