Blockchain and Cryptocurrency News Roundup

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  • June 2, 2020
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2 June 2020.

We’re 2 days into June 2020 and Bitcoin has already breached $10,000.00. A lot is happening in the blockchain and cryptocurrency world. Here’s a summary of some of the biggest headlines in the last week.

Bitmain Announces The Antminer T19

“#Antminer is proud to announce the new-generation #AntminerT19, the third model coming from the 19 Series. The T19 comes with a Hash Rate of 84 TH/s ± 3% with a power consumption of 3150W ± 5%. Selling period: 01 June 2020, 11:00 GMT+8 #Bitmain.”

Bitmain

Amazon Patents a Blockchain System for Supply Chain Tracking

“The system described in the document may also allow participants such as manufacturers, couriers, distributors, end users, and even secondary users to add events to the ledger after registering with a certification authority. The certification authority could also apply rules for testing and certification such as ensuring item quality through the supply chain or requiring certain certification steps before the item can continue moving forward.”

Cointelegraph

Samsung Elevates Mobile Device Data Protection 

South Korea-based Samsung continues to lay a foundation for the mass adoption of Bitcoin. Recently, the technology giant unveiled its second-generation Secure Element (SE) chip S3FV9RR and “enhanced” software for smartphones. Samsung designed the chip to secure the booting process, isolated storage, and mobile-based payments for mobile users. Samsung touts that the brand new security chip protects a user’s mobile payments and their digital currency transactions. Dongho Shin, Senior VP at Samsung Electronics, said that with this new offering, Samsung is “mounting a powerful deadbolt on smart devices to safeguard private information.”

“In this era of mobility and contact-less interactions, we expect our connected devices, such as smartphones or tablets, to be highly secure so as to protect personal data and enable Fintech activities such as mobile banking, stock trading, and cryptocurrency transactions..”

Coingeek

Swiss Bank Authorised to Expand into Digital Asset 

Last week, InCore Bank announced it was authorized by the Swiss regulator FINMA to offer digital asset-based transaction services. InCore provides outsourcing services to private banks and will now enable them to trade, hold and transfer digital assets. Private bank Maerki Baumann, the first client for InCore’s new solution, will offer digital asset trading and custody solutions to end customers, including for tokens. It also has a FINMA license and aims to launch the service this month. In January, InCore Bank partnered with Zug-based inacta AG to develop technology and an ecosystem for financial organizations exploring crypto asset trading. 

“Our clients benefit from the expansion into this new asset class at a stroke, without the need to invest in infrastructure and new processes themselves. This while maintaining our customary safety standards. This is how we bridge to traditional asset classes,” said Mark Dambacher, CEO of InCore Bank.”

ledgerInsights

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