Cryptocurrency exchange IDAX’s CEO reportedly missing with the company’s cold wallet

Nov29
by on November 29, 2019 at 11:18 am
Posted In: cryptocurrency, Hard Fork


A relatively small cryptocurrency exchange has halted deposit and withdrawal services after its CEO has reportedly gone missing. The IDAX exchange posted an announcement earlier today saying it had halted some operations after its staff were unable to make contact with the global CEO. The CEO is said to have taken access to the company’s cold wallets with them. At this point, it’s not known why the CEO has supposedly vanished. According to CoinMarketCap, IDAX serviced some $500 million worth of Bitcoin trades over the past 24 hours — compared to top ranking exchange BitMEX, which serviced over $2 billion.…

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HSBC will reportedly use blockchain to move $20B in digital assets

Nov28
by on November 28, 2019 at 11:03 am
Posted In: blockchain, Hard Fork


Global bank HSBC is planning to track $20 billion worth of digital assets on a blockchain-based custody platform by March next year. According to Reuters, the platform, known as Digital Vault, will allow investors to get real-time access to records of securities purchased in private markets. HSBC’s platform will digitize paper records and leverage blockchain tech in a bid to maximize efficiency, reducing the time it takes for investors to make checks or queries on their holdings. While it sounds like an interesting idea, HSBC hasn’t clarified the potential cost savings of using such a system. Banking on blockchain As…

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