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EY Executive Says Bitcoin Has No Practical Use ! Other crypto news

This is a daily round up of important blockchain and crypto news between March 11, 2019 and March 12, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us.

1. Bitcoin Mining Giant, Canaan Creative Raises Hundred of Millions in Latest Funding Round

Chinese financial news publication house, Securities Times has reported on Monday that the new funding has been made at an attractive valuation of the firm at over $1 billion. The news comes months after the company shelved plans to list its shares through IPO on the Hong Kong Stock Exchange. The company now is planning to list the shares in New York but has not moved forward with any concrete steps. Read more

2. EY Executive Says Bitcoin Has No Practical Use

An executive from Ernst and Young (EY), one of the Big Four audit firms, recently came to India and met many government agencies, during the course of his stay. Paul R. Brody, EY’s Global Innovation Leader (Blockchain), said that bitcoin has no practical use. Read more

3. New Bancor Wallet Enables Cross Chain Swaps for Ethereum and EOS

A new, non-custodial wallet announced by decentralized liquidity network Bancor will offer on-chain conversions between tokens based on the Ethereum and EOS smart contract platforms. According to the company, this includes more than 9,700 token pairs – meaning, all tokens made on either of these platforms can be swapped between each other without the need to trust a third party, like an exchange.Read more

4. Overstock’s Medici Acquires Stake in Blockchain Banking Startup

Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus. Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets. Read more

5. HSBC Seeks Banking Partners in South Korea to Launch Voltron Blockchain Platform

Voltron is a platform that enables companies to process and settle their trading invoices via blockchain. The solution was launched in October 2018 by blockchain consortium R3and eight banks — including HSBC, ING and Standard Chartered — and is currently at the pilot stage.Read more

Bite-sized News

Only the headlines are enough for these news

  • Alibaba Group and ABBC Foundation reach worldwide settlement for Alibabacoin trademarkRead Story.
  • SEC Chair Clayton Affirms Agency’s Stance Ether Is No Longer a Security Read Story.
  • MyEtherWallet Launches New Open Source Ethereum Blockchain Explorer Read Story.
  • US State of Colorado Passes Crypto Exemptions Bill Into Law Read Story.

Disclaimer: The news articles cited or sourced are from platforms other than Coin Crunch India. does not endorse nor support views, opinions or conclusions drawn in these articles. is not responsible for or liable for any content, accuracy or quality within these articles. Readers should do their own due diligence before taking any actions related to the content. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information from the articles below.

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