Indian Tech Firm Develops HyperLedger Blockchain App for Vehicle Inspection

Indian tech startup Smart Sight Innovation — or SSI — has developed an app designed to improve maintenance and inspection of vehicles. SSI built the mobile app for an unnamed American client, which specializes in the development of artificial intelligence, Internet of Things and blockchain platforms, according to an April 27 announcement. Currently, the app is available on Android devices. Keeping data in digital lockers SSI said that the app creates a summary of various issues — like repair work and compliance with inspection criteria — faced by a vehicle.…

Shell-Backed Firm Raises $2.5M for Zero-Knowledge Proof Platform

Applied blockchain, a Shell-backed distributed ledger technology, or DLT, firm, has secured $2.5 million in funding for applications that use zero-knowledge proofs, or ZKPs, in the context of business-to-business transactions. The funding round was led by Hong Kong-based venture capital, QBN Capital, with the funds designated for the development of a platform featuring ZKPs and other privacy-oriented technologies. QBN Capital’s Philea Chim described ZKPs as “a better way to share and handle data,” emphasizing that zero-knowledge proofs can be used to bolster the privacy of interactions between governments, corporations, and…

Dorsey’s Crypto-Friendly Firm Square Joins Paycheck Protection Program

Square Capital, a crypto-friendly payment firm founded by Twitter CEO Jack Dorsey, is purportedly among the first Bitcoin (BTC)-related companies joining the United States federal emergency lending program. The firm has received U.S. Treasury and Small Business Administration (SBA) approval to become a lender under the federal Paycheck Protection Program (PPP). Square to start rolling out PPP applications this week By obtaining approval, Square is officially authorized to support small businesses by providing them with low-interest loans that can be 100% forgiven if used to cover approved costs.  Jackie Reses,…

Fifth-Largest US Accounting Firm Partners With Crypto Tax Tech Company

Blockchain-native software and tax services company, Lukka, has been chosen to provide crypto taxation software to the fifth-largest accounting firm in the United States, RSM. Cointelegraph spoke to Lukka CCO Jeremy Drane, and RSM senior manager of international tax and blockchain/cryptocurrency, Jamison Sites, to find out more about the partnership between the two firms. Lukka provides crypto tax software to RSM clients The deal will see RSM’s tax clients provided with the ‘Lukka Crypto Office’ and ‘LukkaTax for Professionals’ software to assist the tax preparation needs of both individuals and…

Texas Cloud Mining Firm Shut Down After Fake Charity Pitch

The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities.  The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities Commission on April 8. The securities regulators accused Ultra Mining of registration violations, fraud, failures to disclose key information relating to its operations, and misleading or deceptive statements. The regulators allege Ultra BTC Mining and its agent Laura Branch were running a “recession special” to prey on economically vulnerable Texans and had…

Blockchain Gaming Firm Animoca Creates Private Trading Hub for Shareholders

Following its delisting from the Australian Securities Exchange (ASX) last month, blockchain gaming startup Animoca Brands has engaged an online marketplace to continue private trades of shares in the company. Animoca Brands —  the parent company of TSB Gaming — has made its mark on the blockchain gaming space in recent years by collaborating with big-name firms such as Tetris creator Atari and signing a global licensing agreement with Formula 1. On April 9, Animoca released details of its engagement with PrimaryMarkets, an Australia-based online marketplace for the trading of…

Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims

The Texas securities regulator has continued its crackdown on cryptocurrency scams, spotting an alleged fraudulent crypto firm that made fake claims about COVID-19 donations. On April 8, the Texas State Securities Board (TSSB) issued an emergency cease and desist order against Ultra Mining, alleging that the crypto mining firm is involved in diverse illicit activities including purportedly fraudulent claims to double investors’ money. As specified in an official TSSB notice, the Texas action was brought jointly with the Alabama Securities Commission to stop the ongoing illegal offering. According to the…

Crypto Custody Firm Lists XRP for Institutional Clients

Qualified digital asset custodian, Anchorage Trust Company, has added XRP to the list of assets supported by its institutional custody solution. The company announced support for the third largest cryptocurrency by market cap in a blog post on April 2. Anchorage claims that its custodial solution is safer than cold storage, while allowing the benefits of asset usability, offering features such as staking, airdrops, and even trading from custody. Xpring resources provide reliable solution According to Diogo Mónica, Anchorage co-founder and President, XRP support relies on resources including those developed…

US Holding Firm Halted Mining Business After Bitcoin Crashed Below $4K

Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings, a Nasdaq-listed holding company, announced that it is temporarily shutting down its cryptocurrency mining business, Digital Farms. DPW notifies the SEC about multiple changes to its business in relation to the coronavirus According to a March 18 business update filed with the United States Securities and Exchange Commision (SEC), the Digital Farms’ suspension…

Blockchain Analytics Firm Coin Metrics Raises $6 Million

Cryptocurrency analytics firm Coin Metrics has closed a Series A funding round worth $6 million. In a blog post on March 26, Coin Metrics said the round was led by Highland Capital Partners and the $6 million investment would be used to grow the firm’s team, expand their product offerings and “provide enhanced coverage of digital assets.” Other firms including Castle Island Ventures, Communitas Capital, Coinbase Ventures and Digital Currency Group also participated in the funding round. Coin Metrics was created in 2017 by Nic Carter and Aleksei Nokhrin as…