Blockchain – The AltcoinBeacon

Coinbase fined $6.5Mn to settle govt. investigation for fake reporting

Coinbase fined $6.5Mn to settle govt. investigation for fake reporting

California-based cryptocurrency exchange firm, Coinbase Global Inc. has been fined USD 6.5 million by the U.S Commodity Future Trading Commission to settle claims raised due to false or misleading reporting as well as so-called wash trading during 2015 to 2018. Alongside the fine, Coinbase is also subject to stop any further violations of the CFTC regulations.

Reports have it that during the span of January 2015 to September 2018, Coinbase operated two automated trading programs, Replicator and Hedger, that produced orders that at times matched one another on the GDAX electronic trading platform brought into function by the firm.

Althou

Techemynt introduces $NZDs, the first New Zealand dollar stablecoin

Techemynt introduces $NZDs, the first New Zealand dollar stablecoin

New Zealand-based financial services provider, Techemynt has reportedly launched the first New Zealand dollar stablecoin - $NZDs. This cryptocurrency is backed 1:1 by the New Zealand dollar, integrating the flexibility of $NZDs with the stability of fiat.

Notably, the novel stablecoin was deployed on the Ethereum blockchain platform by Blockchain Labs through the FiatToken framework offered by Centre. For the record, Stablecoins are a type of cryptocurrency supported by a reserve asset, like gold or fiat currency.

They have witnessed widespread popularity in the last couple of years as a way to pair the instant processing, and privacy o

OCC approves stablecoin payments, opens new avenues for digital assets

OCC approves stablecoin payments, opens new avenues for digital assets

A new interpretive letter from the Office of the Comptroller of the Currency (OCC) providing green signal to the usage of the cryptocurrency, stablecoin, for bank payments is set to open new pathways for the mainstream finance to conduct live testing of digital assets in a relatively secured corner of the market. Apparently, this decision is a consent what some perceive to be the “training wheels” that will allow the development of compliance controls for the expansive application of digital currencies over the foreseeable future.

It has been reported that banks have already been using stablecoin, whose value is linked directly with assets such as traded commod

AvidXchange acquires Core Assoc.; aims to automate mid-market businesses

AvidXchange acquires Core Assoc.; aims to automate mid-market businesses

The acquisition would position AvidXchange as one of the leading AP automation platforms catering to the mid-market construction business

Another acquisition that comes along the thriving digital cryptocurrency business is AvidXchange’s recent acquisition of AP software solutions platform- Core Associates. This acquisition comes on the heels of the former company’s aim to advance payments automation in the construction industry as well as mid-market businesses. For the record, AvidXchange is an industry leader in payment and invoice processes for some of the important mid-market businesses.

It has been spec

Russian cybercriminals attempt to hack CrowdStrike network

Russian cybercriminals attempt to hack CrowdStrike network

Suspected Russian hackers tried installing a malware in the company network but failed to access emails

In a recent turn of events, California-headquartered cyber-security firm- CrowdStrike- has announced that suspected Russian hackers, who have been infamous for breaking into a series of US government agencies via compromising SolarWinds software, have tried attacking its network over a couple of times but failed to do so.

It would be essential to note that CrowdStrike is not the first company to be targeted by the hackers; as at least 24 top-notch companies such as Cisco, Intel, Nvidia, and others suffered part of the SolarWinds hack scored by such cybercriminals.

It has been reported that the susp

Canada debuts in Ethereum-based ETF after raising around $75 Million

Canada debuts in Ethereum-based ETF after raising around $75 Million

The Toronto Stock Exchange is reportedly getting its first official Ethereum-based ETF fund as 3iQ raised over $75 from Canadian investors. Further, 3iQ has announced, The Ether Fund, a tradable asset like ETF has been listed on the Toronto Stock Exchange effective today. Reportedly, the fund is being handled by 3iQ and would hold around 134,000 ETH, which would be handled by Gemini Custody services.

This official listing culminates years of efforts towards including digital asset trusts to Canadian stock exchanges, providing exposure to ETH to the new set of investors.

As per credible sources, on December 3, 3iQ received approval for Ether Fund, with the capacity to raise nearly $107.5 million for initial purchas

Hitachi ABB Power Grids to contribute towards UK’s zero-carbon future

Hitachi ABB Power Grids to contribute towards UK’s zero-carbon future

According to reliable sources, Hitachi ABB Power Grids has launched the Phoenix project, a year-long trial of the first-of-its-kind hybrid solution, in Scotland. The company is expected to revolutionize United Kingdom’s electric network by offering a smooth transition from conventional energy generation to renewable power.

The Ofgem NIC (Network Innovation Competition), developed by electricity regulator of the United Kingdom, Ofgem, has funded the Phoenix project which began in 2018. It is also worth mentioning that Hitachi ABB Power Grids has teamed up with Technical University of Denmark, the University of Strathclyde, and SP Energy Networks to deliver an innovative hybrid solution, sources claimed.

Hitachi ABB Power G

Delta Air Lines to execute international COVID-19 contact tracing program

Delta Air Lines to execute international COVID-19 contact tracing program
  • In a potential partnership with the CDC, Delta would collect international traveler data for COVID-19 contact tracing.
  • The move comes on heels of the airline’s initiative to offer safe flight amidst the ongoing coronavirus pandemic scare.

Ever since the upliftment of lockdown norms across various states and countries around the globe, airline companies have begun implementing several regulations and initiatives to offer proper and safe flying experience to all its travelers. In one such instance, Delta Air Lines has come out strong to become the first carrier in the United States to collect information from the international travelers for carrying out COVID-19 contact tra

Wendy’s teams up with Rebel Foods to develop cloud kitchens in India

Wendy’s teams up with Rebel Foods to develop cloud kitchens in India

American international fast food chain Wendy’s has reportedly signed a joint venture agreement with India-based cloud kitchen service Rebel Foods, which is known for running popular food outlets such as Mandarin Oak, Behrouz Biryani, and Fassos.

Sources aware of the development confirmed that the Ohio-based fast food chain restaurant intends to launch around 250 cloud kitchens across India. Moreover, Rebel Foods will team up with Sierra Nevada Restaurants, which evidently owns Wendy’s master franchise in India, in order to operate the cloud kitchens in the country.

It is to be noted that Rebel Foods has used its cloud kitchen network to rapidly expand into new categories such as packaged snacks as well as ready-to-cook