VeChain and Chinese firm partner to manage digital publication

VeChain announced partnership with Hubei Sanxin Cultural Media Ltd. to manage digital publication industry using VeChain Thor blockchain technologies
08 January 2018   1206

Hubei Sanxin Culture Media Co., Ltd. is headquartered in Wuhan East Lake High-Tech Development Zone, in Hubei Province, and it integrates sales modes with various types of library resources, integrates the library management and service system products to form a complete library service system.

On January 6, VeChain has made an announcement stating that it partnered with Hubei Sanxin Cultural Media Ltd. to develop a series of solutions using VeChain Thor blockchain technologies for the proof of origin, the supply chain management and the accounting of digital publication and digital books distributed by Hubei Sanxin Cultural Media Ltd.

At the moment of press, these are main market parameters of VeChain:

  • Average price: $4,20
  • Marketcap: $1 164 773 195
  • 24h volume: $133 023 000

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.