Binance Singapore Launches But Offers Just One Trading Pair, Report

Binance has launched a new cryptocurrency exchange in Singapore after months of anticipation, TechCrunch reported on April 23, albeit with limited features. Users of the platform are only able to purchase bitcoin (BTC) using Singapore dollars (SGD,) meaning far fewer trading pairs are available for consumers compared with the company’s main exchange. The Binance Singapore website suggests that the service is being offered in conjunction with Xfers, a local payment service that claims to offer a crypto wallet approved by Singaporean regulators. Three steps are listed for new customers: creating an account with Binance Singapore,…

Ether Thief Found Stealing Funds With Weak Private Keys

An unknown entity has been taking advantage of weak private keys to gather up tens of thousands of ETH, according to a new study. The study — “Ethercombing: Finding Secrets in Popular Places” — was undertaken by Independent Security Evaluators (ISE), a security consulting firm, and published Tuesday. The company’s findings were also covered in a story by Wired’s Andy Greenberg. At one point — January 2018, during last year’s crypto price ramp — this amounted to nearly 38,000 ETH, an amount worth more than $54 million. Now, according to…

BlockFi Is Now Paying Interest on $53 Million of Crypto Deposits

Crypto lending startup BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million. The company also lowered its minimum balance to earn interest on bitcoin from 1 BTC to 0.5 BTC and expanded its operations to India, meaning its service is now available globally, except for territories sanctioned by the U.S., U.K. and E.U. “We grew the client base around 50 percent in the first half of April from the end of March,” BlockFi’s CEO Zac Prince told CoinDesk…

Lightning Labs Launches Desktop App on Bitcoin Mainnet

Lightning Labs, one of the largest bitcoin companies behind the upcoming scaling technology lightning, has released its first desktop app on the bitcoin blockchain. Previously the desktop app worked for bitcoin’s testnet — think fake bitcoins used to try out programs — but this is the first time the app will work on bitcoin mainnet, meaning users can use it to send and receive real money. Notably, the app is “non-custodial” meaning that users have control over their bitcoin. Authored by Lightning Labs developers Tankred Hase and Valentine Wallace, the…

French Lender Societe Generale Issues $112 Million Bond on Ethereum

UPDATE (April 23, 20:45 UTC): This article has been updated to note that Societe Generale issued the bonds to itself, and to include other details from a rating agency report. ——— French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain. Announced today, a subsidiary called Societe Generale SFH used the OFH token (obligations de financement de l’habitat, or home financing obligations) to represent 100 million euros of covered bonds, a type of security that…

Russian Opposition Leader Raises $3 Million in Bitcoin Donations

Bitcoin has become a significant funding source for one of Russia’s leading political dissidents. Alexei Navalny, a politician believed by many to be President Vladimir Putin’s main opponent, has attracted more than 591 BTC in donations over the last three years, worth about $3 million at current prices, public blockchain data shows. The donations became a flashpoint this week when a pro-Putin television network questioned their timing. Navalny’s investigative center, the Anti-Corruption Foundation (FBK), regularly publishes exposés of government officials, including prime minister Dimitri Medvedev and attorney general Yuri Chaika. On Monday, an…

Samsung Developing Ethereum-Based Blockchain, May Issue Own Token

South Korean electronics giant Samsung is developing its own blockchain network and eyeing the issuance of its own token further down the road. An exclusive CoinDesk Korea report on Tuesday, citing a person “familiar with Samsung’s internal situation,” said that the company’s blockchain task force – part of its wireless division – is building a blockchain mainnet based on ethereum.  The work, however, is still at the “internal experimental” stage. The source said: “Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be…

The Ethereum Name Service Is Turning Nearly 300,000 .ETH Domains Into NFTs

An effort to build a domain name system on top of the ethereum blockchain network is gearing up for a major upgrade early next month — and the project’s developers are urging stakeholders to prepare. At the heart of the upgrade is the replacement of the Ethereum Name Service’s registrar, with the goal of vastly speeding up the process of registering .eth, .xyz, and .lux domain names. What’s more, names registered on the ENS will be treated as non-fungible tokens (NFTs), allowing them to be bought and exchanged like similar…

Litecoin Led Bitcoin’s Price Rally, Now It’s Hinting at a Pullback

View Bitcoin could fall back to $5,000 in the next few days, as litecoin – which guided markets higher in the first quarter – is showing signs of weakness. Bitcoin’s long/short ratio has dropped well below 1.00 for the first time since Jan.1, signaling growing bearish sentiment. Further, the 14-day relative strength index is teasing a bearish divergence. Therefore, a price pullback looks likely. The case for a drop to $5,000 would weaken if the price bounces up from the ascending 10-day moving average, currently at $5,303. Bitcoin (BTC) could…

Bitfury, Swiss Investment Firm Launch Regulated Bitcoin Mining Fund

Blockchain technology firm Bitfury and Switzerland-based investment firm Final Frontier have jointly launched a regulated bitcoin mining fund. The fund is targeted at institutional and professional investors to give them “convenient access” to bitcoin mining, Bitfury announced in a blog post Wednesday. Traditionally, there have been “technological, logistical, financial and execution risk challenges” with access to bitcoin mining, the firm said, adding that the fund aims to address those challenges with an offering that has now been authorized by a European financial watchdog. Which particular regulator was not specified, however. The fund…