On October 12, CCN reported that Bk global consortium, the parent company of Singapore-based Bk Medical group, has acquired a 50 % stake in Bithumb, South Korea�s largest crypto exchange. Kim Byung-gun, a prominent cosmetic surgeon and blockchain investor, finalized the deal between Bk global consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform at a valuation of $350 million. Investors extremely Optimistic in the Deal For many years, despite 3 high profile security breaches that have led to the loss of tens of millions of dollars in user funds, Bithumb has been able to secure its position as the most dominant digital asset trading platform in South Korea alongside Upbit. In late 2017, Dunamu, a subsidiary of Kakao, the largest internet conglomerate in the country that has over 80 % market share in fintech, payments, online stock brokerage, ride-hailing, and messaging, launched Upbit to compete against Bithumb and Korbit. Currently, Upbit is part...
Bitmain has declared the launch of two internet routers which will mine Dash and Siacoin. In a tweet shared online, the company said the new miners, called the Antrouter R3-DASH and Antrouter R3-SIA, can perform as internet routers which will mine cryptocurrencies at the same time using the devices� idle processing power. The routers are models from Bitmain�s R3 series of products, which already includes the R3 Litecoin Mining Router. Earlier this year, canaan creative, the second largest manufacturer of mining equipment in the world launched the AvalonMiner insider, a smart TV that doubles as a bitcoin mining device with the capacity to process 2.8 trillion hashes per second. As expected, the capabilities of these dual-purpose miners are limited compared to professional miners. It also looks to be targeted at amateur miners who are not after creating profits, but love the concept of mining cryptocurrencies. The product page of the Antrouter R3-DASH�s shows the specifications of the ro...
The National commercial bank, Saudi Arabia�s first established bank, has become the most recent financial institution to join RippleNet, Ripple�s enterprise blockchain network. A massive market for international remittances because of its sizable migrant worker population, the kingdom of saudi arabia (KSA) has already seen its central bank pilot Ripple�s technology for immediate international payments. With over 5 million customers worldwide, the National commercial bank (NCB) has followed the central bank in connection RippleNet to enable near-instant international payments with partner banks internationally. RippleNet is Ripple�s enterprise blockchain network with over 100 financial institutions including banks, payment providers, remittance operators and other financial institutions using the SWIFT-replacement platform for near real-time clearing and settlement of international transactions. The bank will initially hook up with financial institutions in North America and Asia, ...
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