According to mainstream media reports, Singaporean GIC (Government Investment Corporation) was one of the investors that helped raise $300 million for the US cryptocurrency exchange and wallet service provider Coinbase last year.
Cryptocurrency Market Updates
According to crypto market research company, Ripple (XRP) is violating one of the cryptocurrency exchange Coinbase’s listing rules. In the exchange’s Digital Asset Framework, it is stated that ownership stake retained by the team should be a minority one. However, Diar states that Ripple owns 60% of the crypto supply in escrow.
According to local news reports, global technology and IT company Cisco Systems has opened the 14th branch of its Co-Innovative Center. The Chief Technology Officer of the company, Dave Ward, stated that this new center, which is based in Singapore, will focus on stimulating new technology in this region.
According to a Medium post released by Ontology, Google’s Cloud Marketplace has added the company’s crypto’s (ONT’s) development software to its platform. This freshly supported software is called ont_dev_platform and is basically a set of tools used in the development of smart contracts on the Ontology Blockchain.
A new blockchain company named CasperLabs is looking to launch with the goal of building a brand new blockchain based on a version PoS (proof-of-stake). The latter, for the sake of context, refers to the experimental consensus protocol commonly associated with Ethereum.
The crypto exchange company is looking to hire a new CFO, as it continues to enhance its management team. The decision to do so is just ahead of its major revamp. According to the official report, the company wants to bring the said position, so it can succeed the former man behind it named Justin Blincoe.
The CEO of Overstock named Patrick Byrne strongly believes that a market boom is on its way towards tZero, which is basically his very own trading platform. In an interview, the executive claimed that volumes are expected to skyrocket following the lock-up period for the tZero Preferred tokens, which took almost a year.
LA Kings, the American ice hockey team, have launched a tool using Blockchain technology for certifying the authenticity of merchandise. The news was confirmed by the team’s executives via a press release on February 20.
The Nova Scotia Supreme Court has appointed the two law firms Cox & Palmer and Miller Thomson to represent QuadrigaCX’s customers in the upcoming proceedings against the cryptocurrency exchange.
According to local news reports, 30 people in Thailand have filed a complaint with the country’s Technology Crime Suppression Division against an investment firm called CryptoMining.Farm. In the complaint, the people alleged that the firm was running a crypto mining scam which led to losses worth 42 million baht (~$1.34 million).