building

Square is considering building Bitcoin miners, says CEO Jack Dorsey

Square is considering building Bitcoin miners, says CEO Jack Dorsey

advertisement Digital payment platform Square may become the next big thing in ASICs. In an October 15 tweet thread, CEO Jack Dorsey announced Square’s plans for Bitcoin mining: In addition to promising to “build in the open,” Dorsey emphasized the need for greater accessibility and decentralization of Bitcoin mining. The outsized role of the major …

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Singapore’s third-largest bank appears to be building a crypto custody solution

Singapore’s third-largest bank appears to be building a crypto custody solution

United Overseas Bank, Singapore’s third-largest bank by total assets, appears to be developing a crypto custody solution. The bank has opened up a position for “VP — Crypto Security Administrator” to get expert advice on how to design a secure solution for “managing crypto keys.” The job includes managing the installation of a hardware security …

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CoinFLEX overhauls strategy to focus on building a ‘repo’ market for the crypto industry

CoinFLEX overhauls strategy to focus on building a ‘repo’ market for the crypto industry

In a bid to breathe new life into its market for crypto derivatives, Hong Kong-based CoinFLEX is relaunching its platform and focusing on what it says will bring a digital asset twist to the repo market. Launched in 2019, CoinFLEX first emerged as a marketplace for physically-delivered futures. Despite some initial success, the firm has …

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