Global digital asset exchange, Gate.io has received a 100% "proof of assessment" certificate after completing a thorough audit performed by the leading accounting firm Armanino LLP. The certificate states that Gate.io's collateralization ratio (assets-to-liabilities) stands at 104%; Gate.io has Bitcoin reserves exceeding 100% of customer liabilities. With this new certification from Armanino, Gate.io also becomes the first-ever mainstream exchange to receive a 100% proof of its reserves.
Sensorium Corporation, the global virtual reality media platform, is announcing its membership in the Global Blockchain Business Council (GBBC), the leading global industry association for the blockchain technology ecosystem. The move is designed to underpin and bolster Sensorium's use of blockchain and contribute to GBBC's work in the virtual reality and entertainment industries.
Voyager Digital Canada, Ltd. ("Voyager" or the "Company") (CSE: VYGR;OTCQB: VYGVF; FRA: UCD2), a public, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced that it plans to release financial results for the three and nine months ended March 31, 2020, after market close on May 20, 2020. The Company will host a business update conference call the same day, including an overview of the Company's near-term milestones and growth strategy.
Bitcoin IRA, the world's first, largest and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, today announced that it will be launching a live webinar to share recent market trends and insightful transaction data from their proprietary platform.
FalconX, a digital asset trading platform that provides clients best execution using data science, announced today it has secured $17M in financing from investors including Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments. The funding will be used to introduce new products, expand FalconX's trade execution suite and scale infrastructure to support growing institutional demand for cryptocurrency.
The U.S. Department of Defense (DOD) accounts for nearly 40 percent of all federal research and development (R&D) appropriations and through the Defense Technical Information Center, managing and providing oversight for an estimated 4.5 million documents for 4,000 users. Seeking to improve the integration, security, auditability, and controlled access of this critical data, the DOD has awarded a Small Business Innovation Research (SBIR) Phase I contract of $200,000 to SIMBA Chain to architect a single, proof-of-concept blockchain-based system to achieve these objectives.
Crypto.com today announced it has secured a US $100M direct insurance policy led by Arch Underwriting at Lloyd's Syndicate 2012. This is the largest coverage that Crypto.com has secured for its cold storage assets on custodial partner Ledger Vault. The new policy brings Crypto.com's total cryptocurrency insurance to $360M, including direct and indirect coverage via custodians. It will significantly expand security protection for its rapidly growing user base, which has just surpassed 2+ million, against physical damage or destruction, and third-party theft.
With pandemic-related job losses soaring, there's a bright spot for tech-enabled jobseekers. In an April 24 article entitled "Inside Blockchain's Coronavirus Hiring Spree," Forbes reported the share of cryptocurrency and blockchain job postings on Indeed.com had increased by nearly nine percent, while remote cryptocurrency and blockchain-related job postings increased by more than 42 percent.
China's interest in blockchain technology is about to take its next step as the Blockchain-Based Service Network (BSN) comes into commercial effect on April 25. The aim of this network is to allow companies and software developers to be able to plug into the BSN and build blockchain-based applications quickly and affordably.
Mechanical Technology, Incorporated ("MTI" or the "Company"), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announced today that EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of MTI, entered into a definitive agreement to acquire the intellectual property of Giga Watt, Inc. ("GigaWatt"), and certain other property and rights of GigaWatt associated with GigaWatt's operation of a crypto-mining operation located in Washington State. GigaWatt was a leading player in the bitcoin economy of Central Washington State before declaring Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Washington during November 2018.