Bitcoin

Bitcoin Daily: AWS China Teams With Qtum; Civil Plans To Refund CVL Token Buyers

aml-cryptocurrency-financial-regulation

The China division of Amazon Web Services (AWS) is teaming up with blockchain project Qtum, Coindesk reported. Though the partnership, users of AWS will be able to “quickly, efficiently, and cost-effectively” create and roll out smart contracts via an Amazon Machine Image (AMI). AWS China head of territory business development Simon Wang told Coindesk that “Qtum [is] now an AWS technology partner and one of the partner network members.” Qtum, which calls Singapore home, rolled out its public blockchain last year and notched $1 million in funding from investors last January.

In other news, Rwanda is looking to monitor the supply chain of a metal used in consumer electronics called tantalum with blockchain technology, Coindesk reported. Francis Gatare, a cabinet minister in the county, said at a meeting in October that a new traceability product is being used “by at least one exporter from Rwanda.” The government worked with U.K. startup Circulor on the product, whose CEO, Douglas Johnson-Poensgen, said his company will assist miners in Rwanda to “adhere to strict guidelines laid out in international agreements to remove conflict minerals from the supply chain.” He added that the product will monitor all production stages as well.

On another note, Binance has integrated Chainalysis-built compliance software into its platform, TheNextWeb reported. The software, which is named Know Your Transaction (KYT), flags transactions that it believes are suspicious through the use of algorithms and pattern recognitions as well as “millions of open source references.” Chainalysis’ co-founder and COO Jonathan Levin said in a press release for the move that “cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users.”

And The Civil Media Company plans to give buyers of its CVL token refunds by October 29, according to reports. While the company sought to sell 34 million coins in the range of $8 million to $24 million, the company only raised $1,435,491 from 1,012 buyers. At the same time, however, 1,738 buyers registered for the sale but didn’t finish a transaction. Even so, the firm claims that “a new, much simpler token sale is in the works.” And, while Civil has made media partnerships, two companies told TechCrunch that the token sale did not impact those deals.

 

——————————–

LATEST INSIGHTS:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Credit Union Innovation Index

TRENDING RIGHT NOW

To Top