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Get your daily summary of cryptoasset and blockchain related news, investigating the stories flying under the crypto news radar today.
Trade news
- The hackers appear to have carried out a major raid in an attack on the Liquid cryptocurrency exchange. In a notice on the Liquid blog, the company wrote that the attackers were “able to obtain personal information” from its user database on November 13. Liquid CEO Mike Kayamori wrote, “This could include data such as your email, name, address, and encrypted password.” The CEO added that his company was “continuing to investigate” whether the hackers had “also gotten access to personal documents “provided for know-your-customer (KYC) protocols, including” ID, selfie and proof of addresses “, adding that Liquid” would provide an update once the investigation is complete. ” (To know more: Personal data leaks in Crypto are inevitable, here’s what you can do)
Altcoin News
- Today, the privacy-focused cryptocurrency Zcash (ZEC) suffered its first halving of its blocking subsidy reward – it went from ZEC 6.25 to ZEC 3.125 (USD 196) per block. Additionally, Canopy, or the fifth major network update for Zcash, went live today. A new development fund is established as Founders Reward comes to an end.
- Ethereum Classic Labs (ETC Labs), the main proponent of the Ethereum Classic (ETC) blockchain, said it has released Wrapped ETC (WETC) to include ETC user participation in the growing DeFi ecosystem. ETC Labs added that it is working to list WETC in exchanges and develop DeFi governance applications.
Adoption News
- South Korea Kookmin Bank (KB) appears to have stepped up its crypto plans and has stated that it now wants to launch its upcoming crypto custody offering, which will only be available to institutional investors, by the end of 2020. According to Paxnet, Cho Jin-seok, the boss the bank’s IT unit, said that although exchange-related services seemed out of reach for banks under existing legislation, it envisaged a situation where banks could “offer a service that allows [customers] borrow cryptocurrencies in Korean won “.
- Close, a cryptocurrency software and data provider, claimed to have partnered with a global provider of business information IHS Markit redistribute Lukka’s blockchain and digital asset data products as part of IHS Markit’s comprehensive pricing, valuation and benchmark data offering. This will allow funds to add cryptocurrencies and other digital assets to their wallets in accordance with regulatory guidelines, they added.
Blockchain news
- The government of Kazakhstan is planning to unveil blockchain-based mortgage offers. In a Facebook post by Bagdat Mussin, the newly appointed Minister of Digital Development, Innovation and the Aerospace Industry wrote that his department had developed a means of using innovation to “replace the complex process of mortgage with blockchain technology “. He said the new system would reduce waiting times and would be launched in partnership with the country’s major banks.
- Smart contract platform TomoChain (TOMO) has said it will provide blockchain services for Vietnam Ministry of Education and Training. The National Qualifications Archive program aims to ensure that all certifications obtained by the country’s students in high school and higher education are uploaded to the TomoChain blockchain.
Investment news
- Platform for archiving, transferring and issuing digital assets Fireblock said it raised $ 30 million in Series B funding, bringing the cumulative fundraising to $ 46 million. This round was led by Paradigm with the participation of existing investors, such as Galaxy Digital is Digital currency group, among others.
- Cypherium, the enterprise-focused blockchain platform that facilitates interoperability between blockchain and central bank digital currencies, said it concluded its public sale round and has now raised $ 28 million through the sale of its native token. CPH.
Regulation news
- US President Donald Trump has appointed cryptocurrency advocate Brian Brooks, Acting Comptroller of the Currency, to lead this national banking regulator for five years.
