Bitmain Co-Founder Jihan Wu Loses Executive Power in Board Reshuffle, Says Chinese Media

More from: | CoinTelegraph | 0 Bitmain co-founder Jihan Wu is reportedly no longer able to influence corporate decisions at the mining firm, Chinese industry media outlet Sanyan Blockchain reported Nov. 13.  Citing an unnamed “financial news” source, Sanyan quotes a lawyer for Bitmain, Tian Yangang, saying that as a result of the redistribution... Read more

Japan's GMO Internet Reports ‘Historical Q3 Performance’ for its Crypto-Related Businesses

More from: | CoinTelegraph | 0 Japanese IT giant GMO Internet has published its third quarter report Monday, Nov. 12, revealing a “historical performance” of its crypto-related sectors despite “the harsh external environment.” GMO claims its crypto businesses, including mining equipment production and its crypto exchange, have gained 2.6 billion... Read more

Scaling-Focused Blockchain Platform MultiVAC Claims ‘Breakthrough in Sharding’

More from: | CoinTelegraph | 0 Blockchain platform MultiVAC has claimed it has reached a “breakthrough” in the blockchain scaling technology sharding, according to a press-release Nov. 5. According to the company’s release, MultiVAC reported achieving 30,784 transactions per second (TPS) using 64 shards. While the total amount of transactions... Read more

ConsenSys’ Kaleido, Amazon Web Services Launch ‘Blockchain Marketplace’ for Enterprises

More from: | CoinTelegraph | 0 ConsenSys’ blockchain startup Kaleido and Amazon Web Services (AWS) have launched a full-stack platform that helps enterprises implement blockchain solutions, according to a press release published Nov. 8. The platform, dubbed Kaleido Marketplace, reportedly “eliminates 80 percent of the custom code” needed to build... Read more

Canadian Bank Set to Launch Uncheckable ‘Deposit Box’ for Cryptocurrency

More from: | CoinTelegraph | 0 A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8. VersaVault, which announced its so-called “digital safety deposit box” in February, is aiming to attract crypto exchanges and... Read more

South Korea: Four ‘Young’ Hackers Booked in Cryptojacking Case Targeting Over 6,000 PCs

More from: | CoinTelegraph | 0 Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8. Cryptojacking is the practice of using a computer’s processing... Read more

Japan’s Shinsei Bank, Nippon Wealth Form Business Alliance with Blockchain Startup ConsenSys

More from: | CoinTelegraph | 0 Japan’s Shinsei Bank has signed a Memorandum of Understanding (MoU) with blockchain startup ConsenSys to widen its exploration of the technology’s applications for finance, Cointelegraph Japan reports Nov. 8. According to an English-language press release published the same date, the MoU entails a business... Read more