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TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN

TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN

TrustSwap, a DeFi platform dedicated to enabling the execution of timed token purchases, recently announced that its SmartLocks service has officially locked over four times more value than the Bitcoin Lightning Network. While this is a major achievement on its own, it is only one of TrustSwap's many different services and it shows the potential that the project has to dominate the DeFi sector.

Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront

Line’s Singapore Crypto Exchange Relaunched as US-based Bitfront

Line, the Japanese messaging service has closed its Singapore-based cryptocurrency exchange and relaunched the exchange service globally from a United States-based platform.

Microsoft Azure Cloud Solution Architect Lead Explains the Keys to Success for Blockchain Developers

Microsoft Azure Cloud Solution Architect Lead Explains the Keys to Success for Blockchain Developers

The Microsoft Azure Blockchain Service is an enterprise service aiming to help businesses build applications on top of blockchain technology. The service is integrated with Azure Active Directory and offers tools such as adding new members, setting permissions, and monitoring the network and activity. Blockchain.News interviewed Saranya Sriram, the Head Cloud Solution Architect at Microsoft Azure, to find out more about the platform.

South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come

South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come

The largest bank in South Korea, KB Kookmin Bank has revealed its filing of a trademark application for KB Digital Asset Custody (KBDAC), its crypto custody service.

European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC

European Blockchain Service Infrastructure PCP to Begin—Why it Could Benefit XRP and BTC

The EC seeks industry tenders for the European Blockchain Service Infrastructure (EBSI) - a European blockchain solution that could inadvertently see BTC and XRP soar.

Coincover Sets Eyes on Crypto-based Insurance Service

Coincover Sets Eyes on Crypto-based Insurance Service

Coincover, a Cardiff based start-up in the United Kingdom, has gone a notch higher by introducing a crypto-based insurance service. The primary objective of this move is deterring asset loss and theft in the cryptocurrency space.

Feds Suspect US Unemployment Systems Attacked by Fraudsters, Leading to Losses in the Hundreds of Millions of Dollars

Feds Suspect US Unemployment Systems Attacked by Fraudsters, Leading to Losses in the Hundreds of Millions of Dollars

According to federal authorities in the US, a group of international cybercriminals has been reportedly attacking the US unemployment systems, funneling millions of dollars in payments that were intended to support the detrimental effects the coronavirus pandemic had on the economy. With the number of infections in the US growing at an appalling rate, so far 1.5 million American citizens have been infected, with over 90,000 related deaths. The unemployment crisis in the country has surpassed the rate since the Great Depression, as the official US unemployment rate is at its highest in recorded history, at an alarming 14.7 percent. The New York Times obtained a memo from the US Secret Service, indicating that the fraud scheme was coming from a “well-organized Nigerian fraud ring,” and could result in the loss of hundreds of millions of dollars in the American financial system.

SBI Group Introduces Blockchain-Based Money Transfer Service Between Japan And Vietnam

SBI Group Introduces Blockchain-Based Money Transfer Service Between Japan And Vietnam

SBI Ripple Asia recently announced that it has joined hands with SBI Remit to provide money transfer services between Japan and Vietnam using blockchain technology. Of course, the two Japanese companies are working with a local Vietnamese bank – Tien Phong commercial joint stock bank – for making the transfer in fiat currency.

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Uttama Savanayana, Thailand’s Finance Minister, has revealed that his ministry wants to use blockchain technology for system upgrades intended for optimal service delivery to citizens.

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