The state government Telangana in India is collaborating with Tech Mahindra to create a "blockchain district" in Hyderabad, he reported CoinDesk. It is said that the area contains buildings that will host the blockchain startups, and the move comes amid a blockchain boost by the Indian government.
Coinbase returned to Wyoming after stopping offering services in the state three years ago, said CoinDesk. The crypt company had withdrawn from Wyoming after the company had declared that the state did not provide any clarification for the company in the money transmitter law. However, in March, legislators offered a virtual currency exemption and the company renewed its money transmitter license.
Financial institutions (IFs) and banks in Thailand, along with their subsidiaries, can now carry out cryptographic activities – with some rules and restrictions in place, noted Cryptovest. Companies will not be able to implement "digital credit cards", for example, and the transaction will have to face "rigorous risk management".
Group-IB found that the number of compromised accounts on cryptographic exchanges increased by almost 370% from last year, The Next Web reported. According to data shared with the outlet, one third of the victims of cryptocurrency crimes came from the United States.
The growth of bitcoins automatic ATMs seems to slow down, reported Cryptovest. While 187 bitcoin ATMs opened at 132 closed in July, 282 bitcoin ATMs were opened in June and only 60 closed. The report also found that the decline in encryption prices created a market for used bitcoin ATMs.
In other news, Macrogen, a Korean DNA sequencing company, is working with Bigster to create a blockchain-based network for genomic information, according to CoinDesk. Macrogen CEO Kap-Seok Yang said in a statement that genomic information is generally not easy to share but "with the blockchain platform we are trying to build this time, we expect to create an ecosystem that can freely distribute genetic data. "
Goldman Reportedly, Sachs is considering the possibility of implementing a crypto-custody service, said CoinDesk. According to the report, anonymous sources claim that the bank is planning to create a secure system for encrypted funds and that such a service could pave the way for other cryptographic services.
The Japan Virtual Currency Exchange Association (JVCEA) is CoinDesk said it is trying to become a "business association for the management of certified funds". The move would essentially allow the group, which consists of Japanese cryptographic exchanges, to create rules for self-encrypting encryption.
Canaan Creative, a company based in Beijing, has unveiled a television that can extract bitcoins, according to Cryptovest. The set, which has been dubbed AvalonMiner Inside, will provide viewers with a calculation of the profitability of bitcoin mining. In addition, viewers can use their extracted cryptography to purchase gifts and physical entertainment content.