China’s The Blockchainer Bags Millions in Fresh Investment
Komfie Manalo – Cryptovest.com
The Blockchainer has raised “tens of millions” of yuan from blockchain-focused fund management firms, with the money intended to support the global expansion the Shanghai-based blockchain services provider plans to undertake this year, the China Money Network reported.
World’s Largest Bank Eyes Faster Asset Exchange With Blockchain
Wolfie Zhao – Coindesk
The Industrial and Commercial Bank of China (ICBC), one of China’s “Big Four” state-owned commercial banks and one of the world’s largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets.
According to a patent application filed by the bank in January and revealed on Friday, the system envisions a platform whereby participating institutions can function as nodes to form a distributed network.
Sichuan floods blamed as cryptocurrency mining ‘hashrate’ dips; Observers split over impact on Chinese production and sector’s vulnerability
Louise Lucas in Hong Kong and Emily Feng in Beijing – FT
Extreme weather conditions have claimed a new victim — cryptocurrency miners.
Winklevoss Crypto Exchange Hires NYSE Technology Executive
Nick Baker – Bloomberg
The Gemini cryptocurrency exchange hired Robert Cornish from the New York Stock Exchange to serve as its first chief technology officer, making it the latest digital-asset business to bring in an executive with expertise serving professional investors and traders.
5 Countries Team up to Combat Tax Fraud From Cryptocurrencies
Eoghan Gannon – Blokt
A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5. The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.
‘A new era for capital markets’: The Swiss stock exchange is launching its own cryptocurrency exchange
Oscar Williams-Grut – Business Insider
SIX, the company that owns and operates the Swiss stock exchange, on Friday announced plans to launch a fully regulated cryptocurrency exchange, showing continued institutional interest in the space despite declining prices.
Aadhaarcoin: India’s Own Crypotocurrency To Make Aadhaar Secure; India Can Leverage Its Rich Aadhaar Data To Launch Its Own Government-Backed Digital Currency
Alekh Sanghera – INc42.com
Aadhaar is the world’s largest biometric ID system. World Bank Chief Economist Paul Romer described Aadhaar as “the most sophisticated ID program in the world”. Aadhaar initiative has helped India leapfrog into the digital age, at a pace much faster than most of the developed economics around the world.