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Future Fintech Publishes Investor Presentation on GlobalKey Blockchain SharedMall

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Crypto Security

Future FinTech Group Inc., a financial technology company and integrated producer of fruit-related products, today published an investor presentation about its subsidiary GlobalKey Supply Chain Limited. The Company plans to use the presentation to discuss the business and development of its blockchain-based shared shopping mall in presentations to current and potential investors. The investor presentation is available on the Investor Relations section of the Company’s website at www.ftft.top.

The investor presentation highlights the goals, strategies, features, cores, advantages, and business model of GlobalKey SharedMall.

Sharing economy + blockchain + artificial intelligence + O2O” global integration. The perfect combination of blockchain and sharing economy will create a global shared e-commerce with great energy, which would enable mutual benefits among all parties of the SharedMall. Based upon the core technologies of blockchain, artificial intelligence, and e-commerce, SharedMall solves problems of the commercial application in the shared economy.

Consumers will receive the credits from the mall or/and store. The credits can be used to purchase in the mall or/and store, or can be used according to the instructions of the mall or/and store.

“Building the GlobalKey Blockchain SharedMall is a significant step of the Company. When the blockchain technology applies to the e-commerce platform, it could reconstruct the business mode of the shopping mall, promote the development of shared economy and consumer investment and improve the user experience through practical applications. We plan to start a trial run in December this year and officially launch the ShareMall APP in January 2019,” says Yongke Xue, Chief Executive Officer and Chairman of Future FinTech.

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Technologies

Western Union Partners Thunes for Mobile Wallet Transfers

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Western Union

Western Union, a leader in cross-border, cross-currency money movement, has teamed up with Thunes, a cross-border payments network for emerging markets, to enable Western Union customers to send funds directly into mobile wallets around the world.

Senders can now utilise Western Union’s growing digital network or an agent location to send funds directly into a recipient’s mobile wallet.

“We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets,” said Sobia Rahman, Global Head of Account Payout Network for Western Union. “Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.”

The collaboration will enable greater financial access for consumers – especially those who lack access to traditional financial services – by connecting them to alternative payment solutions, such as mobile wallets, that ultimately help drive better financial inclusion on a global scale.

“We are delighted to be working with Western Union to provide global reach for their customers,” said Steve Vickers, CEO at Thunes. “Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast networks, Western Union customers will now have more flexibility when sending money across borders.”

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Blockchain

HYPE Sports Innovation Launches World’s First Blockchain Accelerator for Sports Technology

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HYPE

HYPE Sports Innovation (HYPE), a global platform which facilitates connections and investments among the sports innovation ecosystem, today announced the launch of the first ever Blockchain accelerator for Sports Tech. The program will feature 14 week accelerators for 10 of the leading startups from around the world focusing on blockchain for sports technology. The accelerators will run globally, and startups selected for the 2 bootcamps will participate at the Preston Robert Tisch Institute for Global Sport at New York University as well as the ISDE Higher Institute of Law and Economics in Barcelona.

Interested companies can learn more and apply for the program by visiting the blockchain accelerator homepage.

Blockchain technology is already revolutionizing the sports industry with its many unique applications. Italian soccer club Juventus launched the “Official Fan Token” to enable the clubs’ 340 million fans worldwide to interact with and create a personal connection to the club, while the LA Kings of the National Hockey League launched the first augmented reality blockchain authentication platform, utilizing blockchain’s authentication features to ensure fans can easily verify the authenticity of their memorabilia purchases.

“The accelerators are at the heart of everything we do at HYPE,” said Bernd Wahler, Chairman of HYPE and former CMO of Adidas. “Sports has the unique ability to create magical moments for players and fans alike and technology is changing the way we experience and share those moments and celebrate our sports heroes. Our team at HYPE is always on the lookout for innovators and entrepreneurs that can make a meaningful impact on the games we all grew up loving.”

HYPE’s blockchain accelerator is the 12th unique accelerator program offered by HYPE and is designed to identify the most promising companies working on blockchain applications, and aid them in their quest to improve the world of sports. The program includes an intensive two day bootcamp, personalized mentoring processes, weekly remote classes from top experts, and access to an unrivaled ecosystem all culminating in a demo-day in front of partners, investors and sports clubs. To date, HYPE has 11 accelerator programs partnered with leading sports brands such as FC Cologne and Shakhtar Donetsk, as well as universities such as University of Queensland, George Washington University and Loughborough University.

“We are very excited about launching the world’s first blockchain accelerator,” said Dr. Ilan Hadar, CEO of HYPE. “While blockchain is a relatively new technology, it has limitless potential, particularly when it comes to sports. With the launch of this new accelerator, we will provide the entrepreneurs in our program with unmatched access to our global network of teams, investors and partners, helping turn their startups into real game-changers and market leaders.”

HYPE leverages an ecosystem of over 11,000 startups, 750 Investors and VCs, 450 global sports teams and 40,000 members worldwide to offer accelerator participants unrivaled resources in the world of sports technology. Of the 125 graduates of the 11 existing accelerator programs to date, 58 have signed equity agreements with HYPE, 27 have raised significant funding during the accelerator cycles, and 4 have signed major deals with strategic partners.

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Business

CoinMarketCap Cryptocurrency Benchmark Indices to Launch on NASDAQ and Bloomberg

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Crypto Exchange

CoinMarketCap launching two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart. These indices will be the most comprehensive ones on the market, covering the Top 200 cryptocurrencies by market capitalization, one including Bitcoin, and one without.

Our cryptocurrency benchmark indices will help users to quickly reference and track the general performance of the cryptocurrency market. Including 200 cryptocurrencies weighted by market capitalization, the headline index CMC Crypto 200 Index (CMC200), which includes Bitcoin, essentially covers more than 90% of the global cryptocurrency market. Another index excluding Bitcoin, CMC Crypto 200 ex BTC Index (CMC200EX), has also been created to track the performance of the market without the influence of Bitcoin, a cryptocurrency dominating ~50% of total market capitalization at the time of writing.

“We are excited to launch and share these indices with the market,” says Brandon Chez, CEO of CoinMarketCap, “These indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format. In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to expand the reach of cryptocurrencies into the larger financial markets.” – Brandon Chez, CEO of CoinMarketCap

At CoinMarketCap, we pioneered the use of the terms “market capitalization” in the cryptocurrency space back in 2013, when we needed to a way to quickly compare other cryptocurrencies to Bitcoin. We also created the term “circulating supply”, inspired by the concept of “public float” in equities. We also popularized “Bitcoin dominance” as a quick indicator of Bitcoin’s market capitalization against the value of all other listed cryptocurrencies. With the indices launching today, we aim to capture these data points in a single, easy-to-use index performance number that can efficiently describe the state of the cryptocurrency market.

The market capitalization for each cryptocurrency calculated as “price multiplied by circulating supply”. The circulating supply metric used by CoinMarketCap accounts for locked, reserved or non-saleable coins or tokens that cannot affect the price of a cryptocurrency, and hence are not factored into a cryptocurrency’s market capitalization.

Solactive AG, the independent German index provider, will calculate and administer the CoinMarketCap indices to exacting standards and strictly adhere to the stated methodology, such as rebalancing the index quarterly accordingly. The company counts among its index-calculating capabilities a Cboe Bitcoin Futures index launched in December 2017. Administering over 3,000 custom indices, Solactive is well-placed to provide and uphold the standards required to launch and maintain these comprehensive, market-wide indices in collaboration with CoinMarketCap. Solactive is fully compliant with the IOSCO Principles for Financial Benchmarks.

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Altcoins

Bitsane Exchange Lists EOS

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eos crypto

Bitsane, European cryptocurrency exchange listed EOS, the fifth largest cryptocurrency by market cap on Tuesday 12, March. Bitsane platform offers trading EOS in pairs with the following currencies: BTC, ETH, EUR, USD, USDT, ETC, XRP, BCHSV.

Bitsane is the only platform that possesses EOS/ETC and EOS/BCHSV trading pairs. The addition of these new pairs to Bitsane will enhance traders’ accessibility and unlocks greater opportunities. Bitsane focuses on feedback and provides the platform with a variety of trading methods based on user’s preferences. By introducing a larger number of trading pairs, the time and money needed for successful trading will be reduced.

Why should you trade EOS?

Block.one has revealed EOS.IO blockchain protocol to deploy decentralized apps. It was released as an Open Source software on June 1, 2018. One billion tokens have been distributed by block.one as ERC-20 tokens, guaranteeing that the native cryptocurrency will be broadly distributed at launch. This distribution has enabled everyone to start the EOS blockchain.

EOS is attractive to investors. It has developed an innovative third-party capital attraction system: the system’s potential capabilities are distributed among all network users according to the number of available EOS tokens. So if a user has a set number tokens, then they automatically are entitled to manage the resources corresponding to set number, opening up a huge amount of earning opportunities. Token holders are also provided with such bonuses as well:

  • You may charge for transactions within the system;
  • Providing access to the storages in the blockchain;
  • The impact on system management;
  • The access to the applications developed in the system and their users;
  • Dividends from EOS;
  • Airdrop – distribution of cryptocurrency existing within the system.

The idea of EOS is innovative. If it is implemented in accordance with the promises declared, EOS may become a completely new stage in blockchain technology development and bring prospects in the form of impressive income to the company’s investors and tokens holders.

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Business

Coinbase Pro Market Structure Update

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Coinbase Pro

Coinbase Pro will implement a set of changes to further optimize the market health of our platform. These changes are designed to increase liquidity, enable better price discovery for trades, and to make price movements smoother. This will lead to a more efficient market and increase trading opportunities for all of our customers. The changes include:

  1. New fee structure that is designed to increase liquidity by reducing the delta between maker and taker fees
  2. Updated order maximums designed to help protect customers from large price movements
  3. New order increment (“tick”) sizes aimed at improving market structure
  4. Turning off stop market orders
  5. Adding market order protection points

New Fee Schedule

The calculation for volume tiers will continue to be based off trailing 30 day volume. You can also see your trailing 30 day volume within Pro.

Updated Order Maximums

We periodically review our maximum order size, which is designed to mitigate the impact of large orders on market liquidity. The latest order maximums can be found on our markets summary page.

Updated Tick Sizes

The tick size of a market is the minimum increment between orders. We will be decreasing the tick size on the following 5 books: ETC-USD, ETC-EUR, ETC-GBP, LTC-BTC, ETC-BTC

The latest tick sizes for all products can be found on our markets summary.

Deprecating Stop Market Orders

Coinbase Pro and Prime will no longer support stop market orders. All stop orders must now be submitted as limit orders and include a limit price. All currently open stop market orders will be canceled on Friday, March 22 @ 6:00 pm PDT.

Adding Market Order Protection Points

Coinbase Pro and Prime will introduce a 10% market protection point for all market orders. Market orders that move the price in excess of 10% will stop executing and return a partial fill. For example: a market buy submitted when the last trade price is $4,000 will only fill at price levels below $4,400. Protection points help prevent large orders from causing more than 10% slippage.

Scheduled Downtime

Coinbase Pro will be offline Friday, March 22 @ 6:00 pm PDT to 6:30 pm PDT. Please subscribe to the Coinbase Pro Status Page to receive updates on the market closing and re-openings.

  1. 3/22 @ 6:00 pm PDT — Downtime begins, all open market stop orders cleared
  2. 3/22 @ 6:30 pm PDT — Markets restarted
  3. 3/22 @ 6:30 pm PDT — New fee schedule and market structure rules go into effect
  4. 3/22 @ 6:30 pm PDT — Markets will enter limit-only mode
  5. 3/22 @ 6:30 pm PDT — Normal trading activity will resume per our trading rules.
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Technologies

Cyber Criminals Increasingly Favouring ‘Low and Slow’ Stealth Attacks

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Blockchain-Powered

A “low and slow” approach to financially driven cyber attacks has overtaken ransomware as the chief attack vector for criminals seeking to extort money by stealth using crypto mining-based malware, according to research by British cybersecurity upstart Darktrace.

Although ransomware made headlines when it wrought havoc across the UK, Europe and America, most prominently with WannaCry, a new generation of malware is instead sitting quietly on users’ devices and in data centres to steal electricity and bandwidth to mine crypto currencies such as Monero.

According to Darktrace, throughout 2018 and into 2019 there had been increasing prominence of malware with crypto mining payloads, as well as the return of banking trojans.

Speaking with Computerworld UK, director of threat hunting at the company Max Heinemeyer, said that Darktrace had seen “very creative forms of crypto jacking going on”. Speculating as to why this shift was taking place, he said that it’s possible threat actors lost profit because ransomware victims may not have been tech-savvy enough to actually go onto Tor and make bitcoin payments.

“A better approach might be to go underground and use crypto mining because it is low and slow and guarantees a profit,” he said.

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Business

The World’s First Full-Stack Cryptocurrency Ecosystem, to Launch on Nasdaq Market Technology

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Nasdaq

Nasdaq Inc. and Bcause LLC, creator of the world’s first full-stack cryptocurrency ecosystem, today announced that Bcause’s markets will operate on Nasdaq’s matching engine, clearing and market surveillance technology via the Nasdaq Financial Framework platform. The technology is expected to go live in 1H 2019 with the launch of the new Bcause spot cryptocurrency market. In addition, Bcause has filed with the U.S. Commodity Futures Trading Commission to become a designated contract market (DCM) and to establish a derivatives clearing organization (DCO).The full line of Bcause market offerings will soon operate on the most widely used market infrastructure technology in the world.

Once derivatives trading and clearing officially commence, Bcause will be the only venue to serve as a one-stop shop for all parts of the digital currency value chain: from the state-of-the-art digital mining facility launched in February 2018, to spot trading for digital assets, to a futures market and derivatives clearinghouse which are pending regulatory approval. The surveillance technology powered by Nasdaq is designed to ensure that surveillance protocols fit the needs of a crypto marketplace. This will help Bcause monitor its markets for manipulative activities, among other misconduct, thereby creating a safer spot and derivatives market for all participants.

“We have tremendous respect for the Nasdaq brand and are honored that we can deploy these robust, tried-and-tested platforms – customized to our unique markets – as the foundation of our technology,” said Fred Grede, CEO, Bcause. “I fully expect that our markets will attract a broad range of users, from those who are already quite active in the financial markets and familiar with Nasdaq technology, to a new breed of investors wanting to participate in the growing cryptocurrency marketplace.”

“Bcause has methodically built a unique ecosystem that gives investors, partners and market players a holistic experience in tapping the cryptocurrency market and value chain,” said Paul McKeown, SVP and Head of Marketplace Operators & New Markets, Market Technology, Nasdaq. “By leveraging the Nasdaq Financial Framework, Bcause will have the scalability and modular functionality to introduce new micro-services and expand its business offerings to meet industry demands and the evolution of the digital assets economy.”

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

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Blockchain

Koi Trading Unveils AML Compliance-as-a-Service Using IdentityMind Digital Identities Platform

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DTCC

Koi Trading, an innovative OTC trading desk that provides private, efficient, and compliant cryptocurrency liquidity to counterparties around the world, today announced a partnership with IdentityMind, Digital Identities You Can Trust, to provide Anti-Money Laundering (AML) compliance-as-a-service to money services businesses globally under the brand Koi Compliance.

Koi Compliance offers the first plug-and-play AML compliance solution that supports digital currency. Koi Compliance will pair their legal expertise and compliance analysts with IdentityMind’s platform that already supports over 35 digital currency exchanges worldwide. This enables companies to focus on running their business, while Koi Compliance leverages industry best practices to perform the legally required Know Your Customer (KYC), transaction monitoring, sanctions screening, recordkeeping and regulatory reporting through IdentityMind.

“We’re excited to work with an innovative company like Koi Trading,” said Kieran Sherlock CTO, IdentityMind. “They have created a new way for more entrants into the digital currency space to be compliant from day one, and effectively serve their customers across different markets and geographies while minimizing their regulatory risk.”

“When we first set out to help companies with compliance, we immediately chose IdentityMind as our primary platform,” said Harry Zhou, General Counsel and Chief Compliance Officer for Koi Trading. “IdentityMind’s immense experience in digital currency and their risk-based AML solutions enable Koi Compliance to provide the best technology-driven digital currency AML compliance services for exchanges, OTC desks and stablecoin projects that face rapidly evolving regulatory landscapes around the world.”

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Altcoins

North Korea Amassed Cryptocurrency Through Hacking

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North Korea

North Korea has used cyberattacks and blockchain technology to circumvent economic sanctions and obtain foreign currency, according to a panel of experts reporting to the U.N. Security Council.

Pyongyang has amassed around $670 million in foreign and virtual currency through cyberthefts and used blockchain technology to cover its tracks, the panel told the Security Council’s North Korea sanctions committee, ahead of the council’s annual report, Nikkei has learned.

It is the first time the panel has given details on how North Korea obtains foreign currency through cyberattacks.

In its report, the panel recommended that member states “enhance their ability to facilitate robust information exchange on the cyberattacks by the Democratic People’s Republic of Korea with other governments and with their own financial institutions,” to detect and prevent attempts by North Korea to evade sanctions.

The report obtained by Nikkei, which is soon to be formally submitted to the Security Council, says North Korea waged cyberattacks on overseas financial institutions from 2015 to 2018. Economic sanctions imposed on Pyongyang over its nuclear and missile programs have restricted the North’s exports of coal, a key earner of foreign exchange.

The government has stolen money through cyberattacks, creating a pool of illicit funds that has grown since 2016, the panel said. The attacks are believed to be conducted by a specialized corps within the North Korean military and are now an important part of North Korean government policy.

Over 10 million users of Interpark, a South Korean e-commerce site, have had their personal information stolen in cyberattacks. Hackers demanded a total of $2.7 million in ransom in exchange for returning the stolen data.

The South Korean government has determined that the thefts were carried out by the North. The U.N. experts believe the attacks were aimed at obtaining foreign currency.

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Business

Game Changing in Cryptocurrency Mining By OnMiners S.A.

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Kryptopal

OnMiners S.A. is pleased to announce the official launch of their powerful endothermic cryptocurrency mining rigs with features to take the global crypto mining space by storm. The company informs that their just launched multi-algorithm miners offer the biggest hash rates available in the market, while minimizing power consumption, noise, and heat generation.

OnMiners currently offers three mining rigs viz. On2U, On4U, and OnTower, all capable of mining Bitcoin, Litecoin, Ethereum, Monero, Dash, and Zcash. All these units come pre-configured, allowing users to start mining immediately just by plugging in.

Hash rate is the most important factor to take into account while choosing a crypto mining rig. In simple words, it can be defined as the speed at which a given mining machine operates. A higher hash rate is always preferred by the miners because it increases their opportunity of finding the next block and receiving the reward. Mentioned below are the hash powers of the three products at a glance.

Hash Power:

On2U: 140 TH/s for Bitcoin, 38 GH/s for Litecoin, 5 GH/s for Ethereum, 230 KH/s for Monero, 1.3 TH/s for Dash, and 1.1 MH/s

On4U: 270 TH/s for Bitcoin, 75 GH/s for Litecoin, 9 GH/s for Ethereum, 450 KH/s for Monero, 2.5 TH/s for Dash, and 2.1 MH/s

OnTower: 1620 TH/s for Bitcoin, 450 GH/s for Litecoin, 54 GH/s for Ethereum, 2700 KH/s for Monero, 15 TH/s for Dash, and 12.6 MH/s

The importance of hash power was taken into consideration by OnMiners while designing their three miners. The result is the creation of three products with hash rates that are second to none in the market.

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