BitMEX adds support for SegWit addresses – The BitMEX platform has added support for SegWit native addresses for bitcoin withdrawals. The company said:
“SegWit can lead to significant savings in general, from about 25% to 40%. In the case of BitMEX, the savings will be even greater – users will benefit from total discounts of about 65% by adopting SegWit. ”
In October, Bitfinex also added native SegWit support for bitcoin withdrawals.
According to an analysis by The Block, the number of SegWit transactions has increased from 40% to 55% since October.
ING develops crypto custody services
According to a report published by Reuters, the ING bank, based in the Netherlands, is developing technology for keeping crypto assets.
Sources “familiar with the problem” indicated that the ultimate purpose of the initiative is to provide bank clients with crypto custody services. The technology is built by a team based in Amsterdam.
ING told Reuters:
“We are seeing growing opportunities for digital assets on both security tokens based on other assets and native tokens.”
The bank focuses in particular on the development of blockchain technology due to growing interest from customers.
SEBA crypto bank expands into nine countries
SEBA cryptocurrency banking company has expanded its services to Singapore, Hong Kong, U.K., Italy, Germany, France, Austria, Portugal and the Netherlands.
SEBA was established in April 2018 and received a banking license from the Swiss Financial Market Supervisory Authority (FINMA) in August this year.
The bank offers SEBA wallet, e-banking and SEBA card applications, through which customers can manage five cryptocurrencies – bitcoin (BTC), ether (ETH), Stellar (XLM), litecoin (LTC) and classic ethereum (ETC). These can be converted into fiat currencies and vice versa online.
SEBA also offers corporate accounts to Swiss blockchain companies and their employees.
The Russian dark web market Hydra is planning an ICO
Hydra, Russia’s largest dark web market, has announced plans to develop an international, decentralized market for illegal products. To achieve this goal, Hydra intends to make an initial coin offering (ICO).
The Russian dark web market Hydra allows users to buy illegal goods and services such as narcotics and counterfeit money.
Russian website ForkLog announced plans for Hydra, citing an investment memorandum published on the dark web site. The authors of the article warn that this initiative is a likely exit scam.
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