Malaysian Securities Regulator Approves Crypto Trading Platform

Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog. With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings. Malaysian laws require that local cryptocurrency exchanges register with the SC, after which they have up to nine month to achieve compliance with the SC’s regulation standards. Commenting on…

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018. The OSL digital assets platform offers institutions services that include over-the-counter brokerage, Software-as-a-Service tools, custodial services and institutional digital asset exchange.  Regulatory progress Total year-on-year revenue for BC Group in 2019 was RMB72 million ($10…

Tron Launches Djed, a Platform That Looks Suspiciously Like MakerDAO

On March 28, Tron (TRX) founder Justin Sun tweeted to announce the release of Djed, a system for collateralized loans he described as “something new.” The platform was immediately criticized as many see it as a plagiarized version of MakerDAO (MKR). Sun teased the launch on Jan. 16 when Sun let his fans choose the name of a planned decentralized stablecoin that was initially to be backed by TRX and BitTorrent Token (BTT). Self-described TRX whale and Tron fan Mike McCarthy was the one who proposed the name Djed, just…

Overstock Plots Global Expansion for Blockchain-Based Agritech Platform

Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain. Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration with fintech company Symbiont — with GrainChain set to transition from HyperLedger Fabric to Symbiont’s enterprise blockchain platform, Assembly. Medici is a shareholder in both GrainChain and Symbiont. Medici Ventures plots global expansion of GrainChain GrainChain seeks to speed up and remove friction capital circulation in the agricultural market through the use of smart…

Madrid Team Builds Iota-Based Decentralized Information Platform to Combat Coronavirus

A team based in Madrid, one of the epicenters of the coronavirus pandemic, has released an Iota Tango platform that helps combat the coronavirus. AidSquad GeoDB is a decentralized peer-to-peer big data sharing ecosystem which returns value to its creators, the users. Luis Gelado, GeoDB CEO and founder shared with Cointelegraph his rationale for creating AidSquad: “Having stayed home for a few weeks, one weekend, I felt a little bored, so I started thinking: we have to do something. We have a chance to develop something for a concrete problem,…

World Health Organization Launches Blockchain Platform to Fight COVID-19

The World Health Organization (WHO) has partnered on March 28 with major blockchain and tech companies to launch a distributed ledger technology (DLT)-based platform for sharing data concerning the coronavirus pandemic.  The platform, MiPasa, is built on top of Hyperledger Fabric and seeks to enable “early detection of COVID-19 carriers and infection hotspots. MiPasa has been launched in partnership with technology company IBM, computer firm Oracle, enterprise blockchain platform Hacera and IT corporation Microsoft. WHO launches blockchain-based platform to fight COVID-19  The platform purports to facilitate “fully private information sharing…

FBI Apprehends & Charges Russian Hacker, Closes Down Deer.io Platform

The Federal Bureau of Investigation (FBI) has charged a Russian hacker for stealing private information, and has shut down his platform — Deer.io, which moved funds via crypto assets. The FBI shut down the Deer platform on March 24, as per a statement from the U.S. Department of Justice (DoJ). The platform’s “suspected administrator – alleged Russian hacker Kirill Victorovich Firsov – was arrested and charged with crimes related to the hacking of U.S. companies for customers’ personal information,” the DoJ noted. The FBI detained the alleged infiltrator weeks ago…

Gaming Giant Atari to Feature in The Sandbox’s Forthcoming Blockchain Platform

Iconic entertainment firm Atari is partnering with The Sandbox (TSB) on the upcoming voxel-based blockchain version of its popular user-generated content and gaming platform. In an announcement on March 27, blockchain startup Animoca Brands —  parent company of TSB Gaming — revealed that the collaboration will involve creating 3D voxel versions of popular Atari game properties. These include Asteroids, Centipede, Pong and RollerCoaster Tycoon. Scarce gaming real estate In its blockchain iteration, based on Ethereum, The Sandbox will offer users three new features shaped by the technology: a tool for…

Another Class Action Suit Brought Against Robinhood Over Platform Outages

Following a series of platform outages during historic price action earlier this month, Robinhood, a popular stock and cryptocurrency trading app, now faces another class action complaint. The lawsuit, filed March 25, was brought by customer Bruce Queen, on behalf of “all Robinhood customers within the United States who were not able to execute trades on securities or change limit orders during the Outages and incurred financial losses.” Missing the biggest gain in Dow history As Cointelegraph reported, on March 2, the Robinhood suffered technical problems for the entire day,…

Matic Lets Us Scale More than Loom Network: Ethereum-Based VR Platform

Ethereum-based virtual-reality (VR) platform Somnium Space has moved from scalability solution Loom Network to Matic to enhance scaling. On March 23, Somnium Space said that it hopes the transition will allow it to achieve scalability and provide a superior user experience. The firm explained: “By implementing Matic’s high-performance Plasma-based sidechains, Somnium aims to solve any future issues around scalability and user experience such as high-throughput, fast confirmation times, and negligible transaction fees.” A growing VR economy Somnium Space CEO Artur Sychov explained that the firm believes that Matic will allow…