The Tel-Aviv Stock Exchange (TASE: TASE) announces the first-ever launch in Israel of a Central Blockchain Securities Lending Platform, an innovative and groundbreaking financial technology. There is currently no central securities lending platform in the Israeli market. Securities Lending is at present executed using inter-bank mechanisms within, and if necessary outside, banking group limits. As a result, the market has not been fully exploited to satisfy the potential needs of economic agents.
Elliptic, the global leader in cryptoasset risk management solutions, today announced a partnership with LocalBitcoins, the world's leading peer-to-peer (P2P) bitcoin exchange. LocalBitcoins now uses Elliptic's industry-leading suite of blockchain monitoring tools to prevent the illicit use of its platform and comply with regulations such as the EU's 5th Money Laundering Directive (5AMLD) and know-your-customer (KYC) regulations. By integrating with Elliptic Navigator to screen crypto transactions, and Elliptic Lens to screen wallets, LocalBitcoins have now automated their compliance and anti-fraud processes to drive cost savings and reduce risk.
ReitBZ, a leveraged token backed by real estate issued by BTG Pactual, will be the first product of its kind to distribute portfolio profits to investors, with payments made via smartcontract using blockchain technology, an unprecedented development in the global financial market. Smartcontracts have undergone security audits by Chain Security (for Ethereum blockchain) and by Least Authority (for Tezos blockchain).
Voatz, a leading mobile voting platform, meets the applicable requirements for U.S. voting systems, according to Pro V&V, an independent, federally-certified Voting System Test Laboratory (VSTL). Pro V&V recently completed comprehensive testing of the Voatz Remote Accessible Ballot Delivery, Marking and Return (RABDMR) System.
Valid Network announced today that it has raised an $8M seed round to enable companies to adopt and automatically protect blockchain technology with confidence. Founded by security veterans Kfir Nissan and Gilad Eisenberger, Valid Network's solution is protocol-agnostic and ensures compliance while dynamically detecting and preventing breaches and attacks. The company will use the funding to fuel further research and development of its solution and increase its engineering and research teams in Israel. Valid will also open an office in New York City, scaling business development and partnership efforts there.
Paxos Trust Company, the regulated financial institution that digitizes and mobilizes assets, today introduced Paxos Crypto Brokerage, a new product offering that enables companies to integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications. Paxos Crypto Brokerage is a turnkey, easy-to-integrate API-based solution that provides access to the $200 billion cryptocurrency market while managing the underlying regulatory and technological complexity.
Kazakhstan-based mining provider Xive announced mining capacities empowerment and the launch of an updated site on July 9th. On xive.io website users can buy a fast mining contract starting from $4.55, and pre-order mining powers or even become a partner of the company by filling out an application for the equity purchase. Besides hashpower sharing, Xive offers its clients mining hardware accommodation starting from $0.042 per KWh. Xive also offers low upkeep costs, customer support and real-time hardware monitoring.
It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations.It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of analysts on Twitter are now saying that currently, the futures on stock markets are a valuable indicator of where Bitcoin will head next.
Chainalysis, the blockchain analysis company, today announced it raised an additional $13M to expand its Series B round to $49M with an investment from Ribbit Capital and Sound Ventures. With the funds, which follows a $36M raise from Accel, Benchmark, MUFG and Sozo Ventures last year, Chainalysis will grow and deepen its government relationships and further unite the public and private sectors to fuel the cryptocurrency industry's growth through the addition of software engineers, government sales, and other business roles. Sigal Mandelker, General Partner at Ribbit Capital and former Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury, will join as an advisor to Chainalysis.
Keevo, next gen crypto hardware wallet, today announced a strategic partnership with Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, to deliver advanced backup and beneficiary services for users of its next generation crypto wallet, the Keevo Model 1. This new partnership and service further Keevo's mission to provide security, simplicity, and privacy for users to manage their online identity and digital assets.