SBI Holdings partners with Huobi

Financial services company based in Tokyo partnered with Huobi to develop cryptocurrency-related business in the Asian region

07 December 2017 1186

Today SBI Holdings, a financial services company group based in Tokyo, published a document, stating that SBI has reached a basic agreement on capital and business partnerships with Huobi Group.

BRIEF-SBI Holdings To Tie-Up With Huobi To Tap Exchange Systems And Operational Know-How - Nikkei‍ https://t.co/9yw0iLFP1Z

— SBIホールディングス（株） (@sbigroup) 7 декабря 2017 г.

Huobi Group currently operates cryptocurrency-related businesses including Huobi.pro, a cryptocurrency exchange platform, as well as digital assets exchange platform, information and research service business and wallet services for cryptocurrency management.

According to the document, SBI Holdings will use of Huobi Group’s technology and human resource on developing the cryptocurrency-related business in the Asian region. SBI also intends to acquire 30% of equity in Huobi Group’s Japanese entity and 10% of equity in Huobi Group’s Korean entity while Huobi plans to acquire 30% of equity in SBI Virtual Currencies, a subsidiary of SBI Holdings.

In October SBI Holdings announced its intention to go deeper into the world of blockchain and build a "new financial ecosystem based on cryptocurrencies".

Mining Blockchain

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund

20 February 2019 69

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.