Woori Bank of Woori Financial Group is now providing digital asset custody services (DACS) in a joint venture (JV) with a bitcoin-based fintech solutions provider Coinplug Inc. With a hike in popularity, Digital asset custody services are spreading across institutions in South Korea.
A historic power plant in Mechanicville, New York has decided to switch to mining Bitcoin as a more profitable pursuit in addition to generating electricity.
According to a report by The Albany Times Union, a hydroelectric plant built in 1897 and operated by Albany Engineering Corp., is using a portion of the power it produces to mine Bitcoin.
As DeFi continues to grow, public blockchain infrastructures such as Orbs are experiencing increased interest from some of the most prominent players within the cryptocurrency universe, especially staking. The Orbs team has been working round the clock on integrating their solution with significant tools and platforms, including AWS, MS Azure, Google Cloud, FTX, KuCoin, Metamask, Enjin Wallet, and several others.
Banking on the Floki frenzy for attracting liquidity providers, Shiba Inu (SHIB) developer’s trading protocol recorded a massive inflow of funds, but its safety concerns raised red flags.
Crypto’s most notorious influencer Elon Musk tweeted on the 25th of June his new Shiba Inu will be named Floki, which resulted in a frantic launch of numerous meme tokens and decentralized applications (dapps), some of which attracted huge attention accompanied by substantial amounts of money.
The U.S. Federal Bureau of Investigation (FBI) issued an industry-wide warning about possible attacks on exchanges and crypto holders this week. The institution declared that there are threats actively tracking virtual asset platforms in order to take hold of these assets, causing financial losses in the process. Sim swapping, account theft and tech support staff are the means to accomplish these attacks.
A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes for tax-haven nations that don’t impose capital gains on crypto holdings to wealthy investors.
Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins.
U.S. bitcoin mining facility operator Compute North boasts an ambition to scale up its capacity by 1.2 gigawatts over the next 12 months amid a global supply crunch for hosting bitcoin miners.
Cryptocurrency bank Cashaa has announced its launch in India during the upcoming month of August in the states of New Delhi, Gujarat, and Rajasthan. Cashaa has shared plans of expansion into the Indian territory with the states of Maharashtra, Uttar Pradesh, and West Bengal in the second phase of their scheme.