ICO Insider Blockchain, ICO, Bitcoin, Ethereum, Cryptocurrency News Wed, 21 Nov 2018 08:09:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 /wp-content/uploads/2017/09/cropped-ICOinisderSquareSiteIcon-32x32.png ICO Insider 32 32 SWIFT India Partners With Fintech Firm for Blockchain Pilot /swift-india-partners-with-fintech-firm-for-blockchain-pilot/ Wed, 21 Nov 2018 08:09:07 +0000 /?p=2762 SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20. SWIFT India is a joint venture established by SWIFT SCRL (Society for Worldwide Interbank Financial Telecommunication) and a number of major Indian […]

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Tom Lee Maintains $15,000 Year-End BTC Prediction Despite Market Crash /tom-lee-maintains-15000-year-end-btc-prediction-despite-market-crash/ Wed, 21 Nov 2018 05:05:50 +0000 /?p=2757 Despite the present market crash, major Wall Street crypto bull Tom Lee has reiterated his recently reduced year-end price prediction for Bitcoin (BTC) at $15,000 in an interview with CNBC’s Squawk Box on Tuesday, Nov. 20. In the recent statement, the head of research at Fundstrat Global Advisors pointed out two major types of crypto […]

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Blockchain Network Takes on Ethereum ERC20 and Claims it is Faster and Cheaper /blockchain-network-takes-on-ethereum-erc20-and-claims-it-is-faster-and-cheaper/ Wed, 21 Nov 2018 05:02:54 +0000 /?p=2754 A new blockchain platform believes it is a “more attractive and accessible destination” for hosting tokens than the likes of Ethereum’s ERC20 platform, as it gives developers the support they need to build, market and launch custom tokens successfully. LindaX says it wants give entrepreneurs an opportunity to sculpt “absolutely unique tokens with exclusive features […]

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Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead /hours-after-bitcoin-cash-network-update-begins-bitcoin-abc-over-10-blocks-ahead/ Fri, 16 Nov 2018 04:38:30 +0000 /?p=2750 The Bitcoin Cash (BCH) network update, which many predicted would lead to a hard fork, began as scheduled today, Nov. 15. At press time, Bitcoin ABC and Bitcoin Unlimited are currently leading Bitcoin SV in terms of both hash rate and number of nodes, according to Coin.Dance. Under the new consensus rules, 41 blocks have […]

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OmiseGo Partners With Singapore Ride Hailing App to Trial Blockchain Solutions /omisego-partners-with-singapore-ride-hailing-app-to-trial-blockchain-solutions/ Fri, 16 Nov 2018 03:54:07 +0000 /?p=2747 Ethereum-based payment platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered to research blockchain technology, according to a press release shared with Cointelegraph Nov. 14. MVL is the protocol behind popular Singapore ride hailing app TADA. MVL and OmiseGo will develop a Proof-of-Concept (PoC) to ascertain whether the decentralized OMG Network is suitable […]

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Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents /poll-interest-in-crypto-as-payment-method-makes-small-inroads-among-moscow-residents/ Thu, 15 Nov 2018 03:14:56 +0000 /?p=2742 Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13. The investigation into the e-payment market in Moscow was carried out by Russian payment service Yandex.Money and the Moscow Information Technology Department (ITD). The experts purportedly surveyed 1,000 […]

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Four Fake Cryptocurrency Wallets Found on Google Play Store /four-fake-cryptocurrency-wallets-found-on-google-play-store/ Thu, 15 Nov 2018 03:09:41 +0000 /?p=2739 Malware researcher Lukas Stefanko has found four fake cryptocurrency wallets on the Google Play Store that were trying to steal users’ personal data, according to a blog post published Nov. 13. The apps were posing as cryptocurrency wallets for NEO, Tether and an extension for accessing Ethereum (ETH), MetaMask. They were purportedly designed to phish […]

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Parity To Offer Alternative To Infura-Powered Wallets /parity-to-offer-alternative-to-infura-powered-wallets/ Wed, 14 Nov 2018 09:19:56 +0000 /?p=2736 On Friday, November 9, Parity Ethereum announced the alpha release of its light client-based wallet, Parity Fether. For the moment, the Fether is only on testnets and the Parity team does not recommend it for mainnetuse, but the release marks a significant advancement in UX for the decentralized access to Ethereum. To understand the significance of this, you have to know what […]

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Xerox Wins Patent for Blockchain System That Tracks Revisions to Electronic Documents /xerox-wins-patent-for-blockchain-system-that-tracks-revisions-to-electronic-documents/ Wed, 14 Nov 2018 03:50:59 +0000 /?p=2733 The U.S. Patent and Trademark Office (USPTO) has awarded Xerox a patent for a blockchain-driven auditing system for electronic files, according to a patent filing published Nov. 13. Xerox — known for its eponymous  printing and digital copying appliances — first filed the patent in August 2017. The patent describes a blockchain-based system for the […]

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Judge Rules in Favor of Canadian Bank in Dispute With Crypto Exchange /judge-rules-in-favor-of-canadian-bank-in-dispute-with-crypto-exchange/ Wed, 14 Nov 2018 03:48:06 +0000 /?p=2730 A $19.6 million disputed sum between Canada’s largest crypto exchange QuadrigaCX and the Canadian Imperial Bank of Commerce (CIBC) has been handed into the custody of the Ontario Superior Court, per a court document filed Nov. 9. On Oct. 8, Canadian newspaper the Globe and Mail reported that Vancouver-based QuadrigaCX had been experiencing difficulties accessing […]

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Ethereum is a Few Years from ‘Profound Decentralization’ — But That’s OK: Co-Founder Joseph Lubin /ethereum-is-a-few-years-from-profound-decentralization-but-thats-ok-co-founder-joseph-lubin/ Wed, 14 Nov 2018 03:33:02 +0000 /?p=2727 Blockchain technology will power a monumental shift in society from a “scarcity to an abundance mindset.” These were the words of Ethereum co-founder Joseph Lubin speaking last week at the Web Summit in Lisbon, Portugal. Lubin’s Blockchain Impact Theory Delivering his keynote address at the event, Lubin, who is also the co-founder of Ethereum development […]

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Bitcoin Cash [BCH] proponent Roger Ver talks about hard fork, block size /bitcoin-cash-bch-proponent-roger-ver-talks-about-hard-fork-block-size/ Fri, 09 Nov 2018 07:48:56 +0000 /?p=2723 In a video released today, November 9, Roger Ver, a major proponent of Bitcoin Cash [BCH] and the CEO of Bitcoin.com spoke about the latest event in the BCH community, i.e., the chain split. Ver mentioned the CTO of Bitcoin.com and revealed his thoughts on the matter. According to the CTO, the block size debate […]

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JP Morgan Identifies Three Companies Whose Stock Could Benefit From Blockchain /jp-morgan-identifies-three-companies-whose-stock-could-benefit-from-blockchain/ Fri, 09 Nov 2018 03:03:37 +0000 /?p=2720 Investment bank and financial services firm J.P. Morgan Chase has identified three public companies whose stock it believes will benefit from their applications of blockchain technology, CNBC reported Nov. 8. In a note to clients, J.P. Morgan reportedly forecast that IT companies will deploy blockchain in the same way that many firms claim to benefit […]

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Canadian Bitcoin Mining Firm Hut 8 Sees Record High Revenue in Q3 2018 /canadian-bitcoin-mining-firm-hut-8-sees-record-high-revenue-in-q3-2018/ Fri, 09 Nov 2018 02:48:45 +0000 /?p=2716 Canadian Bitcoin (BTC) mining company Hut 8 has reported record revenue in the third quarter (Q3) of 2018, according to the company’s quarterly financial report published Nov. 8. Hut 8, which claims to be “the largest” public crypto mining company by operating capacity and market capitalization, has revealed its financial results for Q3 of this […]

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Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation /canadas-dmg-blockchain-puts-85-megawatt-crypto-mining-facility-into-operation/ Fri, 09 Nov 2018 02:34:11 +0000 /?p=2713 Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts. DMG Blockchain Solutions initially revealed its plans to launch the station in July, […]

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Ethereum founder Vitalik Buterin says his creation can’t succeed unless he takes a step back /ethereum-founder-vitalik-buterin-says-his-creation-cant-succeed-unless-he-takes-a-step-back/ Thu, 08 Nov 2018 09:13:03 +0000 /?p=2700 When you ask him about the challenges facing blockchain system he founded five years ago, Vitalik Buterin ofter launches into a repid-fire lecture full of Ethereum-specific jargon. But ask him about his own role in the technology’s future, and he quickly becomes more circumspect. There’s no doubt that interim, 24, is still the guiding light […]

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AI will play ‘crucial role’ in the NHS as five centres announced /ai-will-play-crucial-role-in-the-nhs-as-five-centres-announced/ Thu, 08 Nov 2018 03:16:06 +0000 /?p=2695 The UK government has announced the opening of five centres designed to capitalise on AI’s potential benefits in healthcare. Patients will benefit from the use of AI to diagnose problems earlier, greatly increasing the chances of successful treatment. Health Secretary Matt Hancock said: “Artificial intelligence will play a crucial role in the future of the […]

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Cybersecurity Firm Ranks Safety of Top Crypto Exchanges /cybersecurity-firm-ranks-safety-of-top-crypto-exchanges/ Thu, 08 Nov 2018 03:13:06 +0000 /?p=2692 Prominent cybersecurity firm Group-IB has graded the security of top crypto exchanges, U.S.-based tech news media the Next Web reported Tuesday, Nov. 6. According to research conducted by the Moscow-based firm in partnership with crypto asset insurance platform CryptoIns, the Kraken platform is the safest crypto exchange. In contrast, OKEx— the now-second crypto exchange by […]

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Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies /thai-deputy-prime-minister-calls-for-more-controls-for-cryptocurrencies/ Thu, 08 Nov 2018 02:21:47 +0000 /?p=2689 The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov. 8. While Thailand introduced a regulatory framework for cryptocurrencies earlier this year, Krea-ngam urged that new measures must be introduced both domestically and internationally in order to keep up with new tactics […]

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Security Tokens vs. Utility Tokens: Who Will Win? /security-tokens-vs-utility-tokens-who-will-win/ Wed, 07 Nov 2018 08:41:26 +0000 /?p=2686 Recently, security tokens started attracting more and more attention, both from investors and from startups. Why will they become the apparent favorites in the coming years? The advantages of security tokens and how they will be used in the future will be discussed in the following article. Utility Tokens Utility tokens are user tokens or […]

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AI-powered lie detector will question travellers at EU borders /ai-powered-lie-detector-will-question-travellers-at-eu-borders/ Mon, 05 Nov 2018 03:49:41 +0000 /?p=2682 The EU is experimenting with an AI-powered lie detector in a bid to help solve its border control problems and policing demand. For some, gaining EU citizenship is a dream as passports allow free movement between all member states. However, for those ineligible, this also makes them a prime target for criminals. Just earlier this […]

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IBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players, Real World Locations /ibm-patents-blockchain-system-to-create-trust-between-ar-game-players-real-world-locations/ Mon, 05 Nov 2018 03:12:55 +0000 /?p=2679 Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Nov. 1. In the patent, IBM, also known as Big Blue, […]

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Travellers will be questioned by AI lie detectors at the EU border /travellers-will-questioned-ai-lie-detectors-eu-border/ Fri, 02 Nov 2018 04:30:41 +0000 /?p=2673 It’s already nerve-wracking answering questions at the border, and some ports in the European Union are taking it to another, kinda worrying level. They’re installing an artificial intelligence-powered system called iBorderCtrl, which aims to speed up the processing of travellers, but also to determine if they’re lying. During pre-screening, users will upload their passport, visa, and […]

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Bitcoin ATM Operator Coinsource Gets New York Regulator’s Green Light With ‘Bitlicense’ /bitcoin-atm-operator-coinsource-gets-new-york-regulators-green-light-bitlicense/ Fri, 02 Nov 2018 04:27:02 +0000 /?p=2670 Bitcoin ATM operator Coinsource has been granted a virtual currency license, or ‘Bitlicense,’ from the New York State Department of Financial Services (NYDFS), according to a press releasepublished Nov. 1. The regulator has thus given its formal seal of approval for New Yorkers to use cash to buy or sell Bitcoin (BTC) using Coinsource’s “Bitcoin […]

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BlackRock CEO: Crypto ETF Will Come When Industry Is ‘Legitimate’ /blackrock-ceo-crypto-etf-will-come-industry-legitimate/ Fri, 02 Nov 2018 03:41:04 +0000 /?p=2667 The CEO of investment management corporation BlackRock, Larry Fink, does not see the company offering a cryptocurrency Exchange-Traded Fund (ETF) until the industry is “legitimate,” CNBC reported Nov. 1. BlackRock is a financial planning and investment management firm that currently has $6.28 trillion in assets under management, including equity, real estate, fixed income, and cash […]

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Godfather of ETFs’ Says Bitcoin Exchange-Traded Funds Will be Approved ‘No Time Soon’ /godfather-etfs-says-bitcoin-exchange-traded-funds-will-approved-no-time-soon/ Fri, 02 Nov 2018 03:07:37 +0000 /?p=2664 Reggie Browne, the so-called “godfather of ETFs,” said that Bitcoin (BTC) Exchange-Traded Funds (ETF) will be certified “no time soon,” Business Insider reported Nov. 1. Browne is a senior managing director and head of ETF trading at financial services firm Cantor Fitzgerald. Founded in 1945, Cantor Fitzgerald focuses on institutional equity, fixed income sales, and […]

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Methods of Business Efficiency Improvement Using Blockchain Technology /methods-business-efficiency-improvement-using-blockchain-technology/ Thu, 01 Nov 2018 08:39:23 +0000 /?p=2661 Introduction  Blockchain is not a new concept again. Even though the word bitcoin has overshadowed it, it is still the mother of bitcoin. Without the blockchain, there will be no bitcoin. This article exposes the advantages, disadvantages and the application of blockchain technology to our day to day business. Blockchain and bitcoin first appeared in […]

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JP Morgan’s Ethereum [ETH] based blockchain Quorum to tokenize gold bars /jp-morgans-ethereum-eth-based-blockchain-quorum-tokenize-gold-bars/ Wed, 31 Oct 2018 06:49:18 +0000 /?p=2658 Quorum, an Ethereum [ETH] based blockchain which was built specifically for enterprises, will now be used to tokenize gold bars. Quorum can also be modified and redistributed as it is open source and will be used to allow sustainable miners to earn a premium on global markets. This indicates that new trading opportunities will pave the […]

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Chinese Retail Giant JD.com Launches Blockchain Research Lab /chinese-retail-giant-jd-com-launches-blockchain-research-labchinese-retail-giant-jd-com-launches-blockchain-research-lab/ Wed, 31 Oct 2018 04:11:56 +0000 /?p=2652 Chinese retail giant JD.com is further gaining a foothold in blockchain technology by launching a research lab for blockchain in partnership with two technology institutes, according to an announcement published Oct. 30. Jingdong Group (JD.com) is a leading Chinese e-commerce company, controlling roughly 30 percent of the business-to-consumer online market in China with 314 million […]

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New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service /new-zealand-govt-backed-institute-issues-grant-crypto-wallet-trading-service/ Wed, 31 Oct 2018 02:08:13 +0000 /?p=2649 New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup […]

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Bitcoin’s adoption breakthrough will come when individuals use it like fiat currency, says Tim Draper /bitcoins-adoption-breakthrough-will-come-individuals-use-like-fiat-currency-says-tim-draper/ Tue, 30 Oct 2018 04:34:10 +0000 /?p=2646 At the Crypto Invest Summit held recently, AMTV interviewed Venture Capitalist Tim Draper on the future of Bitcoin and Blockchain technology. The interview covered various aspects of the cryptocurrency space and one of the main topics of discussions was the factors responsible for stopping the adoption of Bitcoin and blockchain technology. According to Tim, it […]

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Survey: 60% of Americans Think Crypto Should Be Treated as Fiat in Political Campaigns /survey-60-americans-think-crypto-treated-fiat-political-campaigns/ Tue, 30 Oct 2018 04:20:08 +0000 /?p=2643 A new survey by blockchain-oriented research firm Clovr showed that 60 percent of respondents think that cryptocurrency should be treated like fiat currency in political elections. In the course of its research, Clovr surveyed 1,023 eligible voters registered in the U.S. for their understanding of what impact virtual currency could exert on the political process. […]

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World’s Largest Diamond Producer Alrosa Joins De Beers’ Blockchain Pilot /worlds-largest-diamond-producer-alrosa-joins-de-beers-blockchain-pilot/ Tue, 30 Oct 2018 03:58:33 +0000 /?p=2640 The world’s largest diamond mining firm, Russia’s Alrosa, has joined the pilot of fellow industry giant De Beers’ diamond supply chain blockchain platform “Tracr,” mining industry news outlet Mining Weekly reports Oct. 29. Alrosa is reported to be the world’s largest producer of raw diamonds in carat terms; together with De Beers, the two firms […]

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Crypto Exchange Bitstamp Acquired by Belgian Investment Firm in ‘All Cash Deal’ /crypto-exchange-bitstamp-acquired-belgian-investment-firm-cash-deal/ Tue, 30 Oct 2018 02:02:13 +0000 /?p=2636 Cryptocurrency exchange Bitstamp has been acquired by Belgium-based investment firm NXMH in an “all cash deal,” Reuters reports today, Oct. 29. Nejc Kodrič, CEO of the Luxembourg-registered exchange, reportedly revealed the deal had been closed Oct. 25, but declined to share the full terms. The CEO told Reuters that in 2016 Bitstamp was valued at […]

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World’s Largest Crypto Exchange OKEx to Delist 50+ Trading Pairs Due to ‘Weak’ Performance /worlds-largest-crypto-exchange-okex-delist-50-trading-pairs-due-weak-performance/ Mon, 29 Oct 2018 04:04:46 +0000 /?p=2632 Major Hong Kong-based cryptocurrency exchange OKEx will delist over 50 trading pairs with weak performance, according to an announcement published Oct. 25. As per the announcement, at 6:00 am Oct. 31, 2018 CET, the exchange will halt the trading of a swathe of pairs that they cite as having weak liquidity and trading volume. The […]

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Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking /mastercard-patent-claims-cryptocurrency-can-benefit-fractional-reserve-banking/ Mon, 29 Oct 2018 02:08:48 +0000 /?p=2628 U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the payment processor has plans to allow merchants to interact with what it calls “blockchain currencies” via […]

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Major Agriculture Companies Partner to Use Blockchain in Grain Trading /major-agriculture-companies-partner-use-blockchain-grain-trading/ Fri, 26 Oct 2018 03:13:01 +0000 /?p=2625 The world’s four largest agriculture companies, commonly known as ABCD, have partnered to digitize international grain trading by using blockchain and artificial intelligence (AI) technologies, Reuters reports Thursday, Oct. 25.ABCD, composed of Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co., states that blockchain implementation could make trading more efficient and transparent, […]

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IBM Study: Most Global Financial Firms Think Central Banks Should Issue Digital Currencies /ibm-study-global-financial-firms-think-central-banks-issue-digital-currencies/ Fri, 26 Oct 2018 03:05:47 +0000 /?p=2622 The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a joint study by IBM Blockchain World Wire and the Official Monetary and Financial Institutions Forum (OMFIF) released Oct. 25. The study includes 21 central banks that participated in the OMFIF’s research between July and […]

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Unconfirmed: US Regulators Could Approve Bakkt BTC Futures Launch in First Week of November /unconfirmed-us-regulators-approve-bakkt-btc-futures-launch-first-week-november/ Fri, 26 Oct 2018 02:59:01 +0000 /?p=2619 The Intercontinental Exchange’s (ICE) Bakkt cryptocurrency platform could get approval to launch its physically-delivered Bitcoin (BTC) futures product from U.S. regulators next week, an unconfirmed anonymous source told tech outlet The Block Thursday, Oct. 25. Bakkt, which seeks to create a “regulated ecosystem” for institutional investors looking to gain exposure to cryptocurrency, had previously confirmed […]

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Oracle Releases Suite of Blockchain-Based Software for Supply Chain Management /oracle-releases-suite-blockchain-based-software-supply-chain-management/ Fri, 26 Oct 2018 02:51:03 +0000 /?p=2616 Software development company Oracle Corp. has released a suite of blockchain-based software-as-a-service (SaaS) applications based on its Oracle Blockchain Cloud Service, according to an announcement published Oct. 23. The new product is purportedly designed to improve traceability and transparency throughout supply chains. Oracle is an American corporation founded in 1977, and currently is one of […]

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UK Blockchain Startup to Enter EU Settlement System After French Regulator’s Approval /uk-blockchain-startup-enter-eu-settlement-system-french-regulators-approval/ Fri, 26 Oct 2018 02:43:02 +0000 /?p=2613 U.K. blockchain startup Setl is about to enter an E.U. settlement system after receiving approval from the French securities regulator to run a central securities depository, the Financial Times (FT) writes Tuesday, Oct. 23. Setl, which develops blockchain solutions for the financial sector, received a license from the Autorite des Marches Financiers and can now […]

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Tether Redeems and ‘Burns’ More than Half of USDT in Circulation /tether-redeems-burns-half-usdt-circulation/ Thu, 25 Oct 2018 03:55:03 +0000 /?p=2609 Tether, issuer of stablecoin USDT, says it has “redeemed a significant amount” of tokens from the circulating supply and will now “destroy” 500 million USDT from the Tether treasury wallet, in an official post published Oct. 24.According to the firm, this will leave 446 million USDT remaining in its treasury in preparation for future USDT […]

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Air Canada to Integrate Blockchain-Based Travel Distribution Platform /air-canada-integrate-blockchain-based-travel-distribution-platform/ Thu, 25 Oct 2018 02:20:53 +0000 /?p=2606 Canada’s largest airline Air Canada has announced its participation on a blockchain-based travel distribution platform developed by Swiss blockchain startup Winding Tree, according to a press release published Oct. 24. Air Canada was established in 1937 and provides scheduled and charter passengers and cargo air transportation. In 2017, Air Canada carried 48.1 million passengers, with […]

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Payments Company Square Open-Sources Its Bitcoin Cold Storage Tool /payments-company-square-open-sources-bitcoin-cold-storage-tool/ Wed, 24 Oct 2018 04:34:40 +0000 /?p=2603 U.S. payments processing company Square has announced that it is open-sourcing its Bitcoin (BTC) cold storage solution in an official blog post published today, Oct. 23. Cold storage refers to a method of keeping cryptocurrency holdings and users’ private keys offline in order to safeguard against theft via a remote attack. According to the post, […]

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National Bank of Canada Pilots Blockchain to Combat ‘Complex’ Processes /national-bank-canada-pilots-blockchain-combat-complex-processes/ Wed, 24 Oct 2018 04:20:31 +0000 /?p=2600 A major Canadian commercial bank will use blockchain to simplify the process banks use to issue transactions, a press release confirmed Oct. 21. In partnership with IT and business consulting services firm CGI and blockchain startup Skuchain, the National Bank of Canada (NBC) plans to leverage smart contracts in order to replace current email-based procedures. […]

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Electronics Giant HTC Announces Presale of Its Blockchain Smartphone Exodus in BTC, ETH /electronics-giant-htc-announces-presale-blockchain-smartphone-exodus-btc-eth/ Wed, 24 Oct 2018 03:58:24 +0000 /?p=2597 Taiwanese electronics company HTC has announced the presale of its widely-discussed blockchain smartphone, Exodus 1, the product’s official Twitter account reveals Oct. 23. The Exodus 1 presale was officially announced today during the Web3 summit, taking place Oct. 22-24 in Berlin. According to the HTC Exodus website, “early access” to the phone can currently only […]

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Overstock’s Medici Ventures Invests in Decentralized Social Network /overstocks-medici-ventures-invests-decentralized-social-network/ Tue, 23 Oct 2018 08:09:28 +0000 /?p=2594 Overstock’s venture capital subsidiary Medici Ventures has invested in decentralized social network Minds, Inc. (Minds.com), according to a press release shared with Cointelegraph Oct. 22. Founded in 2011, Minds is a decentralized social networking platform that rewards users for their activity online via cryptocurrencies, revenue, and views of their content. Recently, Minds launched its native […]

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NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform /nyse-parent-company-reveals-launch-date-bitcoin-futures-bakkt-platform/ Tue, 23 Oct 2018 08:02:56 +0000 /?p=2591 The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. […]

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Gibraltar Gov’t Launches Advisory Group to Develop Blockchain-Related Educational Courses /gibraltar-govt-launches-advisory-group-develop-blockchain-related-educational-courses/ Tue, 23 Oct 2018 07:56:05 +0000 /?p=2588 The Government of Gibraltar in collaboration with the University of Gibraltar have created an advisory group focused on the development of blockchain-related educational courses, national news outlet the Gibraltar Chronicle reported Oct. 19. The New Technologies in Education (NTiE) group is reportedly a joint initiative between the government, the University of Gibraltar, and a number […]

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Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool /bank-japan-central-bank-issued-digital-currencies-not-effective-economic-tool/ Tue, 23 Oct 2018 07:48:10 +0000 /?p=2585 The Bank of Japan’s (BOJ) deputy governor Masayoshi Amamiya has recently reiterated his negative stance towards central bank-issued digital currencies (CBDC), the New York Times reports Oct. 20. Speaking on Saturday at a meeting in Nagoya, central Japan, Amamiya expressed doubts about the use of CBDCs, claiming that such digital currencies are unlikely to improve […]

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Japanese Taxation Committee Seeks to Simplify Cryptocurrency Tax Reporting /japanese-taxation-committee-seeks-simplify-cryptocurrency-tax-reporting/ Fri, 19 Oct 2018 03:33:33 +0000 /?p=2581 A Japanese taxation policy committee held a debate with the aim of simplifying cryptocurrency tax Wednesday, Oct. 17, Japanese daily news outlet Sankei News reports. Highlighting the complex tax filing regime currently in place for Japanese citizens, officials from the committee — which advises the government on policy — said there was a need to […]

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Only 39 Percent of Chileans Are Aware of Cryptocurrencies, Study Shows /39-percent-chileans-aware-cryptocurrencies-study-shows/ /39-percent-chileans-aware-cryptocurrencies-study-shows/#comments Fri, 19 Oct 2018 02:48:19 +0000 /?p=2578 The results of the first Financial Knowledge Index conducted in Chile reveal that only 39 percent of citizens have ever heard of cryptocurrencies, according to a paper published Tuesday, Oct. 16, by the Chilean Central Securities Depository (DCV). Consulting company Cadem, which performed the research on behalf of DCV, interviewed almost thousand citizens, both men […]

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US Marshals Put Up More Than 600 Confiscated Bitcoins at Auction /us-marshals-put-600-confiscated-bitcoins-auction/ Fri, 19 Oct 2018 02:37:56 +0000 /?p=2575 A federal law enforcement agency within the U.S. Department of Justice has recently announced a bid auction for approximately 660 confiscated Bitcoins (BTC), the U.S. Marshals Service (USMS) reports Thursday, Oct.18. The bid, held by the USMS, will take place on Nov. 5, but the participants have to register themselves no later than Oct. 31 […]

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New Energy Efficient Samsung Chips Could Benefit Crypto Miners /new-energy-efficient-samsung-chips-benefit-crypto-miners/ Fri, 19 Oct 2018 02:35:40 +0000 /?p=2572 Samsung’s production wing, Samsung Foundry, has launched a new production process of its 7-nanometer (nm) Low Power Plus (7LPP) process node, which could reduce its energy consumption by up to 50 percent, according to an official press release Oct. 18. The new process, based on extreme ultraviolet (EUV) lithography technology, makes the new 7LPP chips […]

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Russian Startup to Create Blockchain-Based Copyright Network in Uzbek Capital /russian-startup-create-blockchain-based-copyright-network-uzbek-capital/ Thu, 18 Oct 2018 10:12:36 +0000 /?p=2568 A Russian intellectual property startup has signed a memorandum with officials from Uzbek capital Tashkent to integrate blockchain for use in copyright, Russian state news agency TASS reports Tuesday, Oct. 16. The president of the Russian National Intellectual Property Transactions Coordination Center (IPChain), Andrey Krichevsky, met the head of Tashkent’s department of innovations Jasur Zakhidov […]

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Canadian Firm to Build Blockchain-Based Supply Chain Platform for Cannabis Industry /canadian-firm-build-blockchain-based-supply-chain-platform-cannabis-industry/ Thu, 18 Oct 2018 06:26:11 +0000 /?p=2565 Canada-based blockchain and crypto company DMG Blockchain Solutions Inc. (DMG) has announced the development of a global supply chain management platform for the legal cannabis industry, according to an announcement published Oct. 17. As reported by Canada’s national public news and information service CBC, the country’s government officially legalized recreational marijuana as of today. Cannabis […]

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Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases /chinese-mining-hardware-manufacturers-fall-us-tariff-increases/ Thu, 18 Oct 2018 04:34:18 +0000 /?p=2562 Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts cited by SCMP believe these tariffs could possibly affect China’s major mining hardware producers, as the technology was reclassified by […]

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World Payments Report 2018: DLT Falls Short of Meeting Financial Market Demands /world-payments-report-2018-dlt-falls-short-meeting-financial-market-demands/ Thu, 18 Oct 2018 04:29:55 +0000 /?p=2559 The World Payments Report 2018 published Oct. 16 has found that distributed ledger technology (DLT) is not currently capable of meeting financial market demands. The annual report was jointly compiled by consulting and technology services firm Capgemini and leading European bank BNP Paribas. To prepare the report, researchers conducted an assessment based on multiple criteria, […]

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Third Top Cryptocurrency Exchange OKEx Lists Four Stablecoins at Once /third-top-cryptocurrency-exchange-okex-lists-four-stablecoins/ Tue, 16 Oct 2018 06:47:14 +0000 /?p=2556 The third top crypto exchange by market cap, OKEx, has recently announced the listings of four stablecoins at once, according to an official blog post published on Monday, Oct. 15. OKEx has added support for four stablecoins, including TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). According to the schedule […]

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Crypto Payment Platform BitPay Introduces Settlement in Stablecoins /crypto-payment-platform-bitpay-introduces-settlement-stablecoins/ Tue, 16 Oct 2018 04:36:10 +0000 /?p=2553 U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base […]

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Coinbase Opens Office in Ireland as Part of Brexit Contingency Plan /coinbase-opens-office-ireland-part-brexit-contingency-plan/ Tue, 16 Oct 2018 04:15:58 +0000 /?p=2547 San Francisco-based cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland, according to an announcement published Oct. 15. In addition to helping expand its operations in Europe, the new Irish offices are reportedly part of a contingency plan for when the U.K. leaves the E.U. Per the announcement, the Dublin team will take […]

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Tencent uses AI to speed up Parkinson’s diagnosis /tencent-uses-ai-speed-parkinsons-diagnosis/ Mon, 15 Oct 2018 04:02:39 +0000 /?p=2543 Chinese tech giant Tencent has partnered with London-based medical firm Medopad to use AI for earlier Parkinson’s diagnosis. Earlier diagnosis of any medical problem is always good. Often it increases the chance of successful treatment, minimises suffering, and can increase life expectancy in terminal cases. Parkinson’s is a degenerative affliction without any known cure. Caught […]

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Report: Harvard, Stanford, MIT Endowments All Invest in Crypto Funds /report-harvard-stanford-mit-endowments-invest-crypto-funds/ Fri, 12 Oct 2018 05:56:25 +0000 /?p=2539 Multiple Ivy League and other prestigious U.S. universities are said to have made investments into “at least” one cryptocurrency fund. The report was published by the technology news site Information Wednesday, Oct. 10. Citing an unnamed source, the Information reported that the multi-billion endowments of Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology […]

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Crypto Regulations for UK Could Take Two Years, Says Legal Expert /crypto-regulations-uk-take-two-years-says-legal-expert/ Fri, 12 Oct 2018 04:18:45 +0000 /?p=2536 Jeff Kaufmann, Legal Director at British law firm Reynolds Porter Chamberlain (RPC), said that the introduction of cryptocurrency market regulations in the U.K. could take two years, according to an RPC press release published Oct. 11. RPC is a London-based corporate and insurance law firm with offices in Bristol, Singapore, and Hong Kong, and staff […]

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China’s Central Bank Seeks Digital Currency Specialists /chinas-central-bank-seeks-digital-currency-specialists/ Fri, 12 Oct 2018 04:02:30 +0000 /?p=2533 The Chinese central bank, the People’s Bank of China (PBoC), has opened four positions for crypto-related professionals, according to a document published Wednesday, Oct. 10 on the bank’s website. Per the paper, PBoC is seeking two engineers at their Digital Money Institute with experience in blockchain and cryptography, security, and chip design. The bank wants […]

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Coinbase Launches First ERC-20 Token on Platform /coinbase-launches-first-erc-20-token-platform/ Fri, 12 Oct 2018 02:24:53 +0000 /?p=2530 Leading U.S. cryptocurrency exchange Coinbase has started listing 0x (ZRX) token, according to an announcement published Oct. 11. The move marks the first time Coinbase has added support for an ERC-20 token. ERC-20 tokens are tokens developed and used solely on the Ethereum (ETH) platform, where ERC stands for Ethereum Request for Comment, and 20 […]

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BMW to Host Event for Blockchain in Auto Tech Tournament /bmw-host-event-blockchain-auto-tech-tournament/ Thu, 11 Oct 2018 03:01:21 +0000 /?p=2525 The Mobility Open Blockchain Initiative (MOBI), and the Trusted IoT Alliance (TIoTA) have launched a tournament for blockchain applications in vehicles, according to an official press release published Oct. 10. The new tournament entitled MOBI Grand Challenge reportedly intends to develop “the first viable” blockchain-powered network of vehicles and system to coordinate machines, provide data sharing, […]

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Annual List of China’s Richest Includes Crypto Entrepreneurs /annual-list-chinas-richest-includes-crypto-entrepreneurs/ Thu, 11 Oct 2018 02:44:11 +0000 /?p=2522 The annual Hurun China Rich List, a catalogue of individuals in the country with a net worth over 2 billion yuan ($209 million), has listed several crypto entrepreneurs among China’s financial elite, according to a release published Oct. 10. The Hurun Research Institute released the 2018 Hurun China Rich List of the richest individuals in […]

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Study: Bitcoin Whales Are Not Responsible for Volatility /study-bitcoin-whales-not-responsible-volatility/ Thu, 11 Oct 2018 02:38:13 +0000 /?p=2519 A new study by blockchain research firm Chainalysis shows that Bitcoin (BTC) whales are not responsible for price volatility. The study examined the 32 largest BTC wallets, which reportedly represent 1 million BTC, or around $6.3 billion. BTC whales are individuals or entities that own large amount of the cryptocurrency and are said to exert […]

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Suspect in Thai Bitcoin Scam Unable to Return to Thailand Due to Passport Revocation /suspect-thai-bitcoin-scam-unable-return-thailand-due-passport-revocation/ Thu, 11 Oct 2018 02:35:52 +0000 /?p=2516 The Foreign Ministry of Thailand has revoked the passport of an alleged crypto scammer, which has reportedly rendered him unable to return to his home country for prosecution, the Bangkok Post reports Wednesday, Oct. 10. According to the report, Prinya Jaravijit was in the U.S. after a cryptocurrency investment scheme surfaced in which he and […]

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Swiss Asset Management Firm Tiberius Group AG Delays Launch of Metals-Backed Token /swiss-asset-management-firm-tiberius-group-ag-delays-launch-metals-backed-token/ Wed, 10 Oct 2018 03:59:17 +0000 /?p=2511 Switzerland-based commodities assets manager Tiberius Group AG has delayed the sale of its metals-backed cryptocurrency, Tiberius Coin, due to high fees from credit card companies, Bloomberg reported Oct. 9. The company announced its intention to issue a digital currency tied to the price of metals — copper, aluminum, nickel, cobalt, tin, gold and platinum — […]

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Canadian Crypto Exchange QuadrigaCX Blames Major Bank for Delays /canadian-crypto-crypto-exchange-quadrigacx-blames-major-bank-delays/ Wed, 10 Oct 2018 03:43:38 +0000 /?p=2508 Canada’s largest digital currency exchange QuadrigaCX is blaming legal action from a major bank for delays when customers cash out funds, the Globe and Mail reported Oct. 8. Vancouver-based crypto exchange QuadrigaCX was launched in 2013 and is known as the first exchange in Canada to be licensed by the Financial Transactions and Reports Analysis […]

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Hackers Breach Smart Contract on Ethereum-Based Adult Entertainment Platform SpankChain /hackers-breach-smart-contract-ethereum-based-adult-entertainment-platform-spankchain/ Wed, 10 Oct 2018 03:06:08 +0000 /?p=2505 Ethereum-based adult entertainment platform SpankChain has suffered a smart contract security breach that led to loss of around $38,000, the firm reported on its Medium page Oct. 9. The hack, which purportedly took place Oct. 6, was detected by SpankChain a day after, and was announced today in a post entitled “We Got Spanked: What […]

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Report: Oldest UK Crypto Exchange Coinfloor Laying Off Staff /report-oldest-uk-crypto-exchange-coinfloor-laying-off-staff/ Tue, 09 Oct 2018 04:26:18 +0000 /?p=2501 British cryptocurrency exchange Coinfloor is laying off the majority of its staff, news outlet Financial News reported Oct. 8. Coinfloor is a London-based digital currency trading platform founded in 2013. Coinfloor is reportedly the oldest crypto exchange in the U.K. and is focused on institutional and sophisticated investors. According to CoinMarketCap, Coinfloor’s daily trading volume […]

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EU Markets Regulator Examines ICOs to Determine Regulations /eu-markets-regulator-examines-icos-determine-regulations/ Tue, 09 Oct 2018 04:22:04 +0000 /?p=2498 The European Securities and Markets Authority (ESMA) has announced it is examining Initial Coin Offerings (ICOs) to determine how they should be regulated, Reuters reported Oct. 8. The ESMA was established in 2011 in Paris, France, with an objective to develop a common rulebook for European Union (E.U.) financial markets and supervise them. The ESMA […]

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UK Telecoms Regulator Receives Grant to Deploy Blockchain for Telephone Number Management /uk-telecoms-regulator-receives-grant-deploy-blockchain-telephone-number-management/ Tue, 09 Oct 2018 04:16:38 +0000 /?p=2495 The United Kingdom (U.K.) Office of Communications (Ofcom) has received a £700,000 ($916,00) grant from the Department of Business, Energy and Industrial Strategy (BEIS) to explore blockchain technology, according to an announcement published Oct. 8. The grant will purportedly help the U.K. telecoms regulator examine how blockchain can improve the management of landline telephone numbers. […]

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Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro /venezuela-mandates-passport-fees-must-paid-controversial-cryptocurrency-petro/ Mon, 08 Oct 2018 03:05:09 +0000 /?p=2489 Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5. Ahead of Petro’s official “launch” in November, Rodriguez confirmed that as of Monday, Oct. 8, fees for all passport applications will only be payable […]

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EU Financial Regulator Budgets Over 1 Mln Euro for FinTech and Crypto Supervision /eu-financial-regulator-budgets-1-mln-euro-fintech-crypto-supervision/ Fri, 05 Oct 2018 03:44:36 +0000 /?p=2485 The European Securities and Markets Authority (ESMA) has budgeted over 1 million euro for monitoring fintech and crypto assets, according to a document published Oct. 4. Founded in 2011 in Paris, the ESMA has an objective to develop a uniform rulebook for European Union (E.U.) financial markets, as well as provide market supervision. The authority […]

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BlackBerry Introduces Blockchain-Backed Platform Focused on Healthcare Services /blackberry-introduces-blockchain-backed-platform-focused-healthcare-services/ Fri, 05 Oct 2018 03:16:36 +0000 /?p=2482 As part of its pivot into security and computing, software company and former smartphone manufacturer BlackBerry has released a blockchain-powered platform. The new product  focuses on the healthcare field, according to a press release published Oct. 4. Per the announcement, BlackBerry has partnered with technology firm ONEBIO to develop a blockchain-backed “ultra-secure” ecosystem. The system […]

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Alibaba Files Patent for Blockchain System That Allows ‘Administrative Intervention’ /alibaba-files-patent-blockchain-system-allows-administrative-intervention/ Fri, 05 Oct 2018 03:14:08 +0000 /?p=2479 Chinese e-commerce conglomerate Alibaba has filed a patent application with the U.S. Patent and Trademark Office (USPTO) for a blockchain-based system that allows a third-party administrator to intervene in a smart contract in case of illegal activities. The USPTO published the patent application on Oct. 4. A smart contract is a computer protocol designed to […]

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Fundstrat Survey: 54% of Institutional Players Think Bitcoin Price Has Already ‘Bottomed’ /fundstrat-survey-54-institutional-players-think-bitcoin-price-already-bottomed/ Fri, 05 Oct 2018 03:10:30 +0000 /?p=2476 Institutions appear to be more bullish on Bitcoin (BTC) than the members of the crypto community on Twitter, according to a recent survey by Fundstrat Global Advisors. Tom Lee, managing partner and head of research for the company, has revealed this in an interview with CNBC Oct. 4. Based on the results of a private […]

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Report: Blockchain in Manufacturing Market Will Be Worth $500 Million by 2025 /report-blockchain-manufacturing-market-will-worth-500-million-2025/ Thu, 04 Oct 2018 07:16:59 +0000 /?p=2472 A recent report by technology research company ReportLinker shows that blockchain technology in the U.S. manufacturing sector is expected to grow significantly from 2020–2025. While preparing the report, the authors split blockchain usage by application, end use, and territory. The study then divided the blockchain in manufacturing market based on end use into energy and […]

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Brazil: Antitrust Watchdog Sends Questions to Crypto Exchanges After Bank Account Closures /brazil-antitrust-watchdog-sends-questions-crypto-exchanges-bank-account-closures/ Thu, 04 Oct 2018 01:42:52 +0000 /?p=2469 Brazil’s antitrust regulator has sent a questionnaire to crypto exchanges whose banks accounts have previously been closed, major Brazilian financial newspaper Valor Economico reports Tuesday, October 2. The Brazilian Administrative Council for Economic Defense (CADE), operated by the local Ministry of Justice, sent the questionnaire to ten companies: Bitcoin Market, Bitcambio, BitcoinTrade, Foxbit, Walltime, Braziliex, BitBlue, […]

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Israel Securities Authority Turns to Blockchain for Improving Cybersecurity /israel-securities-authority-turns-blockchain-improving-cybersecurity/ Thu, 04 Oct 2018 01:39:19 +0000 /?p=2466 The Israel Securities Authority (ISA) has started to use blockchain to improve the cybersecurity of its messaging system, online newspaper Times of Israel reports today, October 3. The government regulator has reportedly embedded the technology into a system dubbed “Yael,” used to deliver messages and other information to entities that fall under ISA oversight. The […]

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JPMorgan’s Focus on Blockchain Is Part of Digital Transformation Roadmap, New Study Reveals /jpmorgans-focus-blockchain-part-digital-transformation-roadmap-new-study-reveals/ Thu, 04 Oct 2018 01:36:02 +0000 /?p=2462 A study into JPMorgan’s digital transformation initiatives has revealed that blockchain is a key technology for the bank’s roadmap, according to a press release published by ResearchAndMarkets.com (RM) October 3. RM has analyzed JPMorgan’s enterprise-wide strategies to secure its “competitive edge” against rival banks, non-financial firms, and fintech startups. The bank has reportedly earmarked $10.8 […]

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WSJ: Automated Trading Programs Manipulate Digital Currency Prices /wsj-automated-trading-programs-manipulate-digital-currency-prices/ Wed, 03 Oct 2018 06:21:56 +0000 /?p=2458 Automated trading programs, or bots, are manipulating digital currency prices on cryptocurrencyexchanges, according to a Wall Street Journal (WSJ) report October 2. Automated trading software is a program that allows traders to set specific rules for both trade entries and exits, submit orders to a market center or exchange, and then automatically executes them by […]

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Mining Giant Bitmain Acquires Bitcoin Cash Wallet Startup /mining-giant-bitmain-acquires-bitcoin-cash-wallet-startup/ Wed, 03 Oct 2018 03:57:18 +0000 /?p=2455 Crypto mining behemoth Bitmain announced Monday it has acquired the startup behind an open-source bitcoin cash wallet called Telescope. The browser-based wallet was launched earlier this year in an effort to enable instant bitcoin cash transactions. At present, Telescope can operate on Google Chrome or Mozilla Firefox, according to a press release, though the team […]

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South Korea’s Democratic Party Lawmaker Urges Authorities to ‘Open Up the Road’ to ICOs /south-koreas-democratic-party-lawmaker-urges-authorities-open-road-icos/ Wed, 03 Oct 2018 02:23:22 +0000 /?p=2452 A member of South Korea’s National Assembly has called on the state to “open up the road” to Initial Coin Offerings (ICO) by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round […]

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Report: Investors in German ICOs Have Suffered Losses as High as 90% /report-investors-german-icos-suffered-losses-high-90/ Tue, 02 Oct 2018 08:33:34 +0000 /?p=2448 Investors in German ICOs have lost up to 90 percent of their capital, Cointelegraph auf Deutsch reports Monday, October 1. German business magazine WirtschaftsWoche compared the token issue prices of Initial Coin Offerings (ICO) carried out by German startups with the prices of early September 2018. The report found that, with up to 90 percent […]

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Major Chinese Tech Magazine Adds Payment in Bitcoin to Show Blockchain ‘Practicality’ /major-chinese-tech-magazine-adds-payment-bitcoin-show-blockchain-practicality/ Tue, 02 Oct 2018 02:22:43 +0000 /?p=2442 Beijing Sci-Tech Report (BSTR), China’s oldest media publication covering the tech industry, has announced it will offer subscriptions payable with Bitcoin (BTC), local media outlet Guangming reported Sunday, September 30. An evidently rare occurrence from China, were government pressure has forced crypto exchangesand Initial Coin Offering (ICO) operators to halt activities over the past year, […]

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Facebook is planning on doubling its AI unit by 2020 /facebook-facebook-planning-doubling-ai-unit-2020/ Tue, 02 Oct 2018 01:58:51 +0000 /?p=2439 Facebook’s plans to double its artificial intelligence unit by 2020 indicates just how important the firm considers it to be. The so-called FAIR (Facebook Artificial Intelligence Research) division at the company has approximately 180-200 staff. Speaking to Forbes, Facebook Chief AI Scientist Yann LeCun said he expects the division to double by 2020. Already, he […]

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Gold-Based Monetary System to Bring Price Stability to Crypto, Preventing Value Decrease /gold-based-monetary-system-bring-price-stability-crypto-preventing-value-decrease/ Fri, 28 Sep 2018 03:54:36 +0000 /?p=2436 Gold-based monetary system Kinesis aims to bring price stability to the world of cryptocurrency and to prevent the decrease of its value. The company says it has already attracted interest from key players in the gold industry, which is estimated at $6.8 trillion only on London’s gold market (70 percent of the global trading volume). […]

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Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency /swiss-based-asset-management-firm-introduce-metals-backed-cryptocurrency/ Fri, 28 Sep 2018 03:43:51 +0000 /?p=2433 Switzerland-based asset management company Tiberius Group AG is going to introduce a cryptocurrency backed by metals, Bloomberg reported September 27. Founded in 2005 as a commodities asset management firm, Tiberius Group manages around $350 million in assets. The company will issue a blockchain-powered Tiberius Coin, the value of which will be tied to the price […]

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US House Passes Bill for Task Force to Combat Crypto Use by Terrorists /us-house-passes-bill-task-force-combat-crypto-use-terrorists/ Fri, 28 Sep 2018 03:01:45 +0000 /?p=2430 The U.S. House of Representatives passed a bill on September 26 that would establish a crypto task force to combat terrorist use of cryptocurrencies, public records indicate. House Resolution (H.R.) 5036, which represents an amended version of the bill proposed by Rep. Ted Budd (R-NC) to the Committee on Financial Services in January, establishes an […]

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Bitcoin Mining Giant Bitmain Just Officially Filed for an IPO /bitcoin-mining-giant-bitmain-just-officially-filed-ipo/ Fri, 28 Sep 2018 02:43:01 +0000 /?p=2427 Bitmain, the Beijing-based cryptocurrency mining giant, has officially filed an application to go public on the Hong Kong Stock Exchange (HKEX). Published on Wednesday, Bitmain’s long-awaited initial public offering (IPO) prospectus follows various news reports that the mining giant has been mulling a Hong Kong listing for a multi-billion dollar public fundraising. The process has not […]

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Chinese Tech Giant Baidu Releases ‘Super Chain’ White Paper /chinese-tech-giant-baidu-releases-super-chain-white-paper/ Thu, 27 Sep 2018 04:02:12 +0000 /?p=2423 Chinese search engine and web services company Baidu has released the Baidu Blockchain White Paper V1.0 on Wednesday, September 26, which describes the development of a “Super Chain” network system. Baidu Blockchain Lab released the blockchain white paper focused on “the independent development of the ‘Super Chain’ network system.” The paper introduces the idea of […]

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West Virginians Begin Using Blockchain-Based Mobile Voting App /west-virginians-begin-using-blockchain-based-mobile-voting-app/ Thu, 27 Sep 2018 03:56:24 +0000 /?p=2419 West Virginians have begun using a blockchain-based mobile voting app for casting absentee ballots in the upcoming midterm elections, Slate reported September 25. Citizens of West Virginia that currently live overseas have reportedly started using  a blockchain-enabled application for voting on Friday, September 21. The application — dubbed Voatz — will allow voters registered in […]

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Swiss Startup Raises $103 Million to Launch Cryptocurrency Bank /swiss-startup-raises-103-million-launch-cryptocurrency-bank/ Thu, 27 Sep 2018 02:15:09 +0000 /?p=2416 Switzerland-based startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to set up a bank offering cryptocurrency-related services, Reuters reported September 26. SEBA is reportedly headed by former UBS bankers — Guido Buehler as chief executive and Andreas Amschwand as chairman — and plans to apply for a banking and securities dealer […]

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Major US Dairy Co-Op Pilots Blockchain Technology for Food Supply /major-us-dairy-co-op-pilots-blockchain-technology-food-supply/ Wed, 26 Sep 2018 03:44:09 +0000 /?p=2413 Dairy Farmers of America (DFA), a U.S. national milk marketing cooperative, has teamed up with food fintech startup ripe.io to pilot a blockchain-powered project aimed at improving the food supply chain, according to an announcement published September 25. DFA is a cooperative owned by dairy farmer-members in 48 states, the net income of which totalled […]

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New Coinbase Listing Process Will Allow Exchange to ‘Rapidly’ Increase Supported Assets /new-coinbase-listing-process-will-allow-exchange-rapidly-increase-supported-assets/ Wed, 26 Sep 2018 02:16:11 +0000 /?p=2408 Cryptocurrency exchange Coinbase has announced a new process that will allow it to list more digital assets faster, according to a statement published September 25. Per the announcement, the new process refers only to digital assets that are compliant with local law, which means that certain assets listed on the platform may only be available […]

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