Bitcoin 

Kraken Exchange Acquires Service Provider for Institutional Investors

Cryptocurrency exchange Kraken has acquired Interchange, an accounting and portfolio reconciliation service provider for institutional cryptocurrency investors. A press release published on July 31 outlines that the acquisition supports Kraken’s creation of an end-to-end crypto trading and reconciliation platform.  An arsenal of tools for institutional clients As the release outlines, Interchange’s co-founders and crypto veterans Dan Held and Clark Moody have evolved Interchange to serve cryptocurrency hedge funds, asset managers and fund administrators, providing them with specialized tools to monitor and report their crypto holdings and optimize their portfolios. The…

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Ethereum 

Fujitsu Unveils Blockchain-Based Identity and Credential Rating Service

Japanese tech research firm Fujitsu Laboratories has developed a blockchain-based solution for evaluating user credentials, identity and trustworthiness in online transactions, according to an announcement by Fujitsu on July 4. As reported, the solution considers user ratings, stored on a blockchain, to assign every user a “trustworthiness score.” Users reportedly rate each other when a transaction occurs and the technology evaluates this data to make a guess about users’ relationships with one another. Other users can then see how high someone else’s trust score is before agreeing to a transaction,…

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Bitcoin 

Swedish Bitcoin-Powered Mobile Refill Service Bitrefill Raises $2M to Expand Services

Swedish crypto-powered mobile refill service Bitrefill has closed a seed round of $2 million to expand its services, crypto media outlet The Block reports on June 13. The Stockholm-based company offers mobile service top-ups in bitcoin (BTC), enabling users to recharge their mobile subscriptions using the major cryptocurrency. Following the new funding round, led by United States-based bitcoin startup Coin Ninja, Bitrefill is reportedly planning to expand its services outside the U.S. and Europe, as well as launch new products. In March 2019, Bitrefill enabled crypto payments for reservations on…

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Ethereum 

Austrian Postal Service Releases Crypto Collectible Stamps

The Austrian Post has released a line of crypto collectible stamps, according to a press release on June 11. According to the press release, the so-dubbed “crypto stamp” is the first stamp in the world to be authenticated via blockchain technology. The postal service has reportedly issued 150,000 copies sold at € 6.90 apiece. When purchased, the stamp set comes in two parts. As pictured below, the left part, which is stylized with a unicorn associated with Ethereum, functions as a standard stamp that can be used to send mail.…

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Bitcoin 

Europol Shuts Down $200 Million Crypto Mixing Service Bestmixer

Dutch, Luxembourg authorities and Europol have shut down one of the three largest cryptocurrency tumblers, Europol reported on May 22. A cryptocurrency tumbler, also known as a cryptocurrency mixing service, is an anonymity tool that claims to transform transactions of non-private coins to private ones by mixing crypto funds with others, which makes it difficult to track the funds’ original source. According to the report, the Dutch Fiscal Information and Investigation Service (FIOD) has now seized six servers of major crypto tumbler Bestmixer.io, which had a reported turnover of at…

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Ethereum 

Cryptocurrency Lending Firm Dharma Launches Its Service to the Public

San Francisco-based cryptocurrency lending firm Dharma Labs announced that it has launched its service to the public in a Medium post published on April 8. As Cointelegraph reported in February, Dharma Labs has previously raised $7 million from big name investors, including Coinbase Ventures. Per the launch announcement, users can interact with the service with any wallet, and only Ethereum (ETH) and the decentralized stablecoin (DAI) are supported for the time being. The service is also reportedly non-custodial, and the users remain in control of the private keys granting access…

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