The Taiwan-based Bincentive project, an innovative crypto trader service provider in Asia, developed the idea of matching their clients with trading experts. On Bincentive’s platforms, clients are matched with trading experts and can follow an experts’ actions in crypto markets. Furthermore, clients have the option of having the expert initiate the same trades simultaneously. These experts receive a pre-deposited compensation that is paid when a trader hits the target and has positive gains. How does financial matchmaking work? Founded in July 2018, Bincentive is aimed at creating a smart mirror trading inter-exchange ecosystem, based on artificial intelligence (AI), big data, …

The Cybercrime Department of the Turkish National Police has arrested 11 suspects in an alleged hack of crypto accounts, with victims reporting more than $80,000 in losses, major Turkish newspaper Hürriyet reported Friday, Nov. 2. According to the article, 14 individuals have reported to local prosecution authorities that their crypto wallets were hacked with their Bitcoin (BTC) transferred to other wallets. Following the complaints, the Istanbul police launched an investigation against a group of hackers that had allegedly compromised users’ emails, crypto wallets’ accounts data, and passwords. On Oct. 26, cybercrime unit agents detained 11 people in multiple locations in …

Blockchain firm Multiwallet will launch a Europe-targeted crypto custodial service regulated by Maltese regulators, the company revealed to Cointelegraph at the Malta Blockchain Summit on Nov. 2. Claiming to be fully compliant with Malta’s existing initial requirements for a crypto custodial service, Multiwallet is now seeking a custodial license from the Maltese government. As told to Cointelegraph, the upcoming custodial service will be regulated by the Malta Financial Services Authority and the Malta Digital Innovation Authority to operate legally as a tool of managing cryptocurrency transactions across Europe. While Multiwallet claims to be fully compliant with the existing draft rules …

SovereignWallet, “one of the most secure mobile cryptocurrency wallets,” announced M-DEX, a new feature for its application. M-DEX is a free-custody mobile exchange platform that has fixed rates and can make the transfer of coins safe and quicker by using atomic swap technology. The new part of blockchain-infrastructure The company says the M-DEX exchange service will be “the most secure mobile cryptocurrency trading platform on the market.” Users will be the only people who have access to their own private keys, so they will be able to trade their coins directly with each other. According to SovereignWallet, sending or receiving …

The Germany-based IOTA Foundation will integrate IOTA tokens with Ledger’s hardware cryptocurrency wallets, according to a press release shared with Cointelegraph Nov. 2. The IOTA Foundation is a non-profit organization that supports the development and standardization of distributed ledger technology (DLT) and is focused on building ecosystems around IOTA in order to facilitate its commercial adoption. As of November 2017, the Foundation reportedly owned $255 million in tokens as foundation funds, $22 million as the ecosystem fund, and $20 million as unclaimed IOTA from the crowdsale. After the integration with the IOTA Trinity and Romeo wallets, the Ledger Nano S …

Crypto hardware wallet firm Ledger has announced it is opening a new branch in Hong Kong, according to a press release shared with Cointelegraph Wednesday, Oct. 31. One of the leading hardware wallet manufacturers with headquarters in Paris and San Francisco, Ledger also reveals that it has assigned Benjamin Soong as head of the Asia Pacific (APAC), responsible for all Ledger operations held in the region. Soong is a former managing director for U.S. financial analytics corporation S&P Global. Ledger’s president Pascal Gauthier further explained that Soong will help the company monetize its opportunities in APAC: “He brings a tremendous …

New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup is reportedly set to expand its offerings, as well as to list more cryptocurrencies and enable multi-signature crypto wallets. R&D Project Grants are a type of co-funding for a research and development project. A Callaghan Innovation spokesperson told Cointelegraph that the grants fund up to …

Japan-based financial services firm SBI Group and Danish cryptography services company Sepior ApS have partnered to jointly develop a proprietary wallet, according to an announcement published Oct. 13. The wallet is set to ensure secure transactions on SBI’s cryptocurrencies exchange platform, VCTRADE. The SBI Group was established in 1999 in Japan as an Internet-based financial services provider. Since then, the company has formed a financial conglomerate with a focus on new technologies, including fintech, Internet of Things (IoT), artificial intelligence (AI), and others. In 2018, SBI reportedly invested over $533 million in the blockchain and AI sectors. Per the press …

U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In total, BitGo's series B fund rounding has brought in $58.5 million. According to Bloomberg, Goldman Sachs and Novogratz together contributed about $15 million, as their clients show growing interest in cryptocurrencies. Bloomberg notes that BitGo managed to raise a total of $70 million in all of its fundraising rounds. The significant investment from two firms affiliated with Wall Street might help BitGo attract more wealthy investors …

Digital currency wallet and exchange Abra has launched support for a new token, BIT10, that tracks the Bitwise 10 Large Cap Crypto Index, according to an announcement published Oct. 3. The Bitwise 10 Large Cap Crypto Index was developed by cryptocurrency asset management firm Bitwise Asset Management and is reportedly listed exclusively on Abra. The index tracks the ten largest cryptocurrencies by market capitalization, currently representing 80 percent of the total crypto market capitalization. Per the announcement, any investor is now able to acquire the BIT10 token through the Abra app, with a $5 minimum investment. Hunter Horsley, the CEO …

The company behind a multi-asset, universal wallet that can store major crypto and smart contract tokens in one place says it has become the first mobile wallet to support the ADA cryptocurrency. Infinito Wallet says the milestone coincides with an update to version 1.15.0 of its platform – enabling users to “securely send, receive and check transaction history of ADA.” According to the company, this development is significant because very few wallets on the market support ADA, and there is no such app for mobile devices. Infinito developers have worked with the development team behind Cardano and IOHK, and they …

A majority of circulating Bitcoins (BTC) are stored in investment wallets, according to a new report by cryptocurrency industry and analysis newsletter Diar. The analysis shows that 55 percent of bitcoins are currently kept in wallets that are valued over $1.3 million, constituting balances of more than 200 BTC. One third of BTC in those wallets have reportedly never been used in outgoing transactions since the Bitcoin price peak in December 2017, due to “either lost private keys, lowering real supply, or a very strong resolve by cryptocurrency believers.” Per the study, 27 percent of those wallets continue to accrue …