Counterparties Could Foot the Bill For $416 Mln BTC Futures Trade Shortfall on OKEx

Crypto exchange OKEx has issued an official statement today, August 3, in response to its forced liquidation of a colossal misfired Bitcoin (BTC) futures trade worth a notional $416 million that was initiated by an unidentified problem trader earlier this week. OKEx, currently the world’s second largest exchange by traded value, has said that its …

In an Apparent First, High Times to Accept Crypto in Its Initial Public Offering

Cannabis culture media organization High Times Holding Corp. will accept cryptocurrencies in its Initial Public Offering (IPO), High Times reports Aug. 2. In doing so, it will reportedly be the “first traditional stock offering ever to accept investments” in cryptocurrencies. The “preeminent source for cannabis information since 1974” will accept Bitcoin (BTC) and Ethereum (ETH) …

University IT Research Institute Partners to Form Blockchain Research Center

The Research Institute of Information Technology (RIIT) of Tsinghua University (THU) has partnered with a subsidiary of China’s institutional financial firm to establish a blockchain research center, according to an Aug. 1 press release. The RIIT has signed an agreement with Sheng Ying Xin Management Consulting Co., Ltd., a contractually controlled and managed company of …

Decentralized E-Commerce Marketplace Vows to Offer Shopping Protection and Data Security

A new blockchain-based e-commerce marketplace claims its centralized rivals are harming the sector by overcharging buyers and unfairly treating merchants — and plans to launch a new model, offering “complete shopping protection, data security and minimal commission.” ApolloX says it is hoping to challenge “monopolistic intermediaries” with an ecosystem consisting of three building blocks. The …

Former Beverage Company Long Blockchain Corp. Receives Subpoena From SEC

Former drinks manufacturer-turned-blockchain development company Long Blockchain Corp. has been issued a subpoena by the U.S. Securities and Exchange Commission (SEC), Bloomberg reported August 1. During a filing today, the company reportedly said that the subpoena, originally dated July 10, requested certain documents from Long Blockchain Corp. The firm declined to provide further details, saying: …

Japan’s SBI Group to Develop Crypto Derivatives Platform Following New Investment

Japanese financial services giant SBI Holdings will expand its crypto business portfolio by acquiring a 12 percent stake in Clear Markets, according to SBI’s financial results report published July 31. SBI is scheduled to acquire up to 20 percent in the future. Clear Markets is a U.S.-based electronic trading platform developer and operator that offers …

US Treasury Dept. Fintech Innovation Report Touches on Crypto, Blockchain

A major new report from the U.S. Treasury Department published July 31 has called for a more agile and conducive regulatory approach to innovations in the fintech sector. The 222-page report, devoted to ‘Nonbank Financials, Fintech, and Innovation,’ only fleetingly touches upon cryptocurrencies and distributed ledger technologies (DLT) such as blockchain, noting that these are …

Fintech Firm Billon Partners With FIS to Explore Blockchain Tech Solutions

UK fintech firm Billon has signed a letter of intent (LOI) with international financial services tech provider Fidelity National Information Services Inc. (FIS) to integrate blockchain tech solutions, according to a July 31 press release. Billon refers to itself as a “civilized blockchain” company, meaning that it implements blockchain to ultimately process fiat currencies. FIS, …

Indie Game Delisted From Steam Marketplace for Alleged Cryptojacking and Scams

Valve Corporation has removed a game from its video game marketplace Steam that allegedly hijacked users’ computers to mine cryptocurrency, Motherboard reported July 30. The Steam game store has delisted Abstractism, an indie game accused of deceptive practices and cryptojacking, and has banned its developer from the platform. Steam took action following complaints from a …

Charlie Lee to Advise Development of HTC Crypto-Compatible Smartphone Exodus

Litecoin (LTC) founder Charlie Lee tweeted July 29 that he will be an advisor for HTC’s new smartphone Exodus, which will support LTC and the Lightning Network (LN). In acknowledging Lee’s new advisory position, HTC tweeted: “One small step for @SatoshiLite. One giant leap for blockchain.” As previously reported by Cointelegraph, HTC is seeking to …