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Chinese Fintech Incubation Zone Officially Begins Operations in Guangdong Province

The Chinese fintech incubation zone located in the Guangdong province has officially started its operations, Chinese news outlet Chinese Software Developer Network (CSDN) reports Dec. 21.According to the article, the zone — which officially opened Dec. 20 — has a total area of 120 square kilometers and already hosts the

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Crypto Platform Cubits Begins Insolvency Procedure After Alleged Hack, Locks Users’ Funds

United Kingdom-based cryptocurrency payment platform Cubits has filed for administration following a sudden outage that locked customer funds, a company press release revealed Dec. 11.The act of filing for administration means that an insolvent company has appointed an external administrator in order to act of behalf of its creditors.Cubits, the

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South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10.Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the

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Birks Group Jewelry Retail Giant Begins Accepting Bitcoin in Eight Locations

Major Canadian-based jewelry manufacturer and retailer Birks Group has begun accepting Bitcoin (BTC) through a partnership with U.S. payment processor BitPay, the company confirmed in a press release Nov. 28.Birks, which has operated since 1879, will initially accept the largest cryptocurrency in eight of its 30 domestic stores in Canada.Seven

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Bitcoin Launderer Alexander Vinnik Begins Hunger Strike Amidst Delayed Extradition

Photo: Pavlos Giorkas / FlickrAlleged Bitcoin launderer and operator of the now-defunct Bitcoin exchange BTC-e, Alexander Vinnik, has announced to start hunger strike since Monday, Nov. 26. The news comes amidst the latest developments wherein the Supreme Court of Greece has postponed Vinnik’s extradition.Alexander Vinnik – a High-Profile Bitcoin LaundererAlexander

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