#CryptoCorner; #UPbit Conducts Internal Audit, First #NASDAQ Powered Exchange to Launch Next Month and Taiwanese Bank Introduces #Blockchain Payment System
#CryptoCorner; #UPbit Conducts Internal
Audit, First #NASDAQ Powered Exchange to Launch Next Month and Taiwanese Bank
Introduces #Blockchain Payment System
Point Roberts, WA, Delta BC – May 15, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05151UPbitNASDAQTaiwan.asp
UPbit Conducts
Internal Audit, First NASDAQ Powered Exchange to Launch Next Month and
Taiwanese Bank Introduces Blockchain Payment System
South
Korean cryptocurrency exchange UPbit, which was subject to a police
raid on May 11, has conducted an internal audit, according
to local news outlet Naver. UPbit,
which is South Korea’s largest crypto exchange, was suspected of fraud and
selling currency that it doesn’t have. The company’s CEO, Lee Seok-woo said, in
a rough translation, that the audit has revealed these suspicions to be
unfounded.
““I
have been notified that the amount of coins is 100% identical to the number of
coins," he said.”
The
raid of UPbit coincided with the selloff of 8000 BTC by a former Mt. Gox
trustee. Both events are believed to have caused the crypto market to drop.
The
first Nasdaq-powered crypto exchange, DX, will launch next month, according to
an exclusive on Finance
Magnates yesterday. DX Exchange CEO Daniel Skowronski explained the threefold advantage of the Nasdaq
association: “the brand name, the technology and the regulations.”
“While the first advantage is quite
self-explanatory, Skowronski further explained that their technology would rely
on NASDAQ’s infrastructure, such as its matching engine – used by over 70
exchanges around the world.”
Taiwanese bank Taipei Fubon Commercial
Bank has introduced a blockchain-based payment system, according to the Taipei Times:
“The payment system utilizes the Istanbul
Byzantine Fault Tolerance algorithm, which cuts the transaction time to less
than 1 second, making it suitable for wider adoption, the bank said, adding
that businesses benefit from improved bookkeeping by using blockchain-based
payment systems.”
Sam Mowers Investorideas.com
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