Monthly Archives: May 2018

New Data Storage Platform Intends To Become The Safest Way Of Storing Information Online

sponsored A new blockchain-powered data storage platform is planned to be entirely decentralised and self-sufficient. By default, 10 copies of the data will be stored in order to prevent deletion. A new blockchain-powered data storage platform, Memority, is aiming to provide “the most secure ever developed” solution for anyone looking to safely store sensitive data. The system would be entirely decentralised, self-sufficient, and protected against forgery and data deletion. Memority has also stated that “since we use Proof of Authority mining, there is no need for high […]

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Binance Co-Founder Denies Rumors of Company’s Plans to Build Blockchain Country on Private Island

Binance’s co-founder He Yi has dismissed the sci-fi-esque claims of a Chinese fintech media platform that the company plans to build its own crypto nation on a private island. Co-founder of Binance crypto exchange He Yi has dismissed the sci-fi-esque claims of a Chinese fintech media platform that his company has hatched a so-called “Genesis Plan.” The plan was to build Binance’s own blockchain-powered country on a private island, QQ News reports Wednesday, May 16. The fintech media outlet, ‘Yibencaijing,’ reportedly a reputable platform, cited “insider sources […]

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World’s Second Largest Search Engine Bans Crypto Ads

Melissa Alsoszatai-Petheo, of Microsoft’s Bing search engine, announced its advertising arm is banning all cryptocurrency advertisements. This follows market leaders such as Google, Facebook, and Twitter either severely restricting crypto ads or banning them altogether. Also read: Ethereum Futures in US One Step Closer as CME Deal is Struck Microsoft’s Bing Search Engine Bans Crypto Ads Advertiser Policy Manager, Melissa Alsoszatai-Petheo, posted an update to Microsoft’s Bing search engine ad policy. Bing Ads to Disallow Cryptocurrency Advertising is the title of the company’s rather obvious move. “We […]

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Markets Update: Mid-May Price Dips Plague Cryptocurrency Markets

Cryptocurrency markets are losing some gains today, as most digital assets are down between 3-15 percent during this morning’s trading sessions on May 16, 2018. The overall cryptocurrency market cap has shaved a few billion in losses since our last markets update, leading to the valuation of all 1,600 cryptocurrencies hovering around $374Bn today. During the last 24-hours Bitcoin Cash (BCH) value has dropped 10.4 percent and prices are around $1,258 per BCH. Bitcoin Core (BTC) prices have also dipped, but by only 5.6 percent with one […]

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Enterprise Ethereum Alliance Releases Client Specifications To Facilitate Interoperability

The EEA’s release of the Enterprise Ethereum Client Specification follows an earlier release of an Architectural Stack, with a testnet and certification program to follow. The Enterprise Ethereum Alliance (EEA) has released the Enterprise Ethereum Client Specification 1.0 today, May 16, that will enable interoperability for companies that use Ethereum blockchain-based solutions. The EEA, which was formed in March 2017 by Santander, JPMorgan, and a variety of other members, now numbers 500 enterprise members. It focuses on improving the privacy, scalability, and security of Ethereum blockchain applications. […]

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President of Chile’s Central Bank Considers Cryptocurrency Regulation, Says It Is Useful for ‘Monitoring Risks’

The president of Chile’s Central Bank believes that cryptocurrency regulation could allow better monitory of risks in the market. Mario Marcel, the president of Chile’s Central Bank, is considering regulating cryptocurrencies in the country in order to monitor risks, local news outlet El Economista reported Tuesday, May 15. Cryptocurrencies in Chile are not currently considered as money or securities, but there are no laws in place that prevent citizens from exchanging crypto for goods and services. During a forum of the Finance Commission of Deputies, Marcel said […]

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Bitmain Leads Circle’s $100 Million Round; Teams Up to Create Stable Coin

Bitmain, the largest of the Bitcoin mining operations, is putting its muscle behind mobile payments and cryptocurrency trading firm Circle by leading a $110 million Series E round of funding, the companies announced on Tuesday, March 15, 2018, at Consensus in New York City. Several other venture capital firms, including Breyer Capital, General Catalyst and Accel, joined the round, which now pushes the value of Boston-based Circle to $3 billion, from a reported $480 million in 2016, according to a statement by Circle.   Bitmain is also […]

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Polish Credit Office to Deploy Blockchain Solution for Credit Histories

The Polish Credit Office BIK, the largest credit office in Central and Eastern Europe, in partnership with Distributed Ledger Technology (DLT) provider Billon, will implement a blockchain technology solution for storage and secure access to highly sensitive customer information. “Our cooperation with Billon is long-term,” said Mariusz Cholewa, president of BIK. “We believe that blockchain technology will transform how the financial sector communicates sensitive data with clients. Our solution will soon be expanded to include electronic delivery with active confirmation and remote signing of online agreements. It […]

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ImpactPPA Partners with Indian Government to Power 50 Million Rural Jobs

Decentralized energy platform ImpactPPA announced at Consensus 2018 in New York City that it has partnered with the Indian government to re-energize India’s cottage industry. Under the auspice of the Honorable Minister Shri Giriraj Singh, ImpactPPA will be working with India’s Ministry of Micro, Small and Medium Enterprises to carry out the government’s Bhartiya Harit Khadi Gramodaya Sansthan (BHKGS) initiative. Translated roughly as “Indian Green Cotton Textile Village Development Organization,” the initiative will push to introduce some 50 million jobs for female workers in India’s more rural […]

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JPMorgan Co-President Jerry Pinto: Cryptocurrency “Will Play a Role” in Future

Bitcoin futures remain on the radar at JPMorgan, co-president Jerry Pinto has confirmed. JPMorgan co-president Jerry Pinto confirmed the bank was “looking into” the Bitcoin space May 16, saying cryptocurrency “will play a role” in the future. Speaking to CNBC over two interviews, Pinto, who could be in line to succeed CEO Jamie Dimon, said that JPMorgan is able to trade Bitcoin futures but has not yet opted to do so. “We are looking into that space. I have no doubt that in one way or another, […]

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