Monthly Archives: May 2018

Malta Government to Enhance Public Transportation Using Blockchain Technology

Malta has entered a partnership with Omnitude — a multi-enterprise blockchain middleware platform — to use the blockchain to enhance its public transportation service by developing a transport and logistics platform using the company’s middleware technology. Ian Borg, Malta’s Minister for Transport, Infrastructure and Capital Projects, commented in a press release, “We believe in Omnitude’s blockchain technology and its broad use-cases for the government. We can see its potential in a range of government departments and it will form a cornerstone technology platform as part of our […]

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Chinese ASIC Manufacturer To Turn To AI In Case Of Stricter Gov’t Regulation

Bitmain is looking to artificial intelligence as the natural option to turn to in case of an increase in China’s already stringent crypto regulations. Due to the recent crypto crackdown in China, Chinese ASIC chip manufacturer Bitmain is turning to artificial intelligence (AI) as an alternate revenue source, Bloomberg reports today, May 17. China’s crypto regulations have included an initial coin offering (ICO) ban in the fall of last year, this January’s ban on “exchange-like services,” and the February ban on foreign crypto exchanges. Bitmain manufactures the […]

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JPMorgan Creates and Fills New Position of Head of Crypto Assets Strategy

JPMorgan creates and fills new position of head of crypto assets strategy, post will identify and lead new crypto projects at bank. Leading US banking group and financial services firm JPMorgan Chase has recently created and filled the new position of head of crypto-assets strategy, Business Insider reported today, May 17. London-based Oliver Harris, 29, will take the new role, reporting to the head of blockchain development, Umar Farooq. Harris will also lead JPMorgan’s internal blockchain project Quorum, which began testing by JP Morgan Chase and the […]

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Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense

On May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ as Genesis aims to provide significant BTC, BCH, ETC, LTC, ZEC, XRP, and ETH liquidity in the state. Also Read: Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features   DCG Backed Genesis Global […]

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IBM and Veridium to Transform Carbon Credits into Blockchain-Based Tokens

IBM has partnered with environmental fintech startup Veridium Labs to turn carbon credits — tradable instruments that provide an economic incentive to those who want to reduce their greenhouse gas emissions — into blockchain-based tokens. In a joint press release, the two companies announced a collaboration to “transform the carbon credit market using IBM blockchain technology with the goal of making it easier for companies to offset their environmental footprints.” “By using a public, permissioned blockchain network, we can help Veridium create a new sustainable marketplace that […]

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Cases Of Illegal Bitcoin And Cryptocurrency Mining: Chicken Farms And New York

Cryptocurrency miners in the US and South Korea disguised as protected businesses to mine bitcoin with unfairly cheap electricity rates. In the US, China, and South Korea, many individual cryptocurrency miners and large-scale mining centers were cracked down for conducting illicit operations. For example, in April 2018, cryptocurrency miners in South Korea were arrested for illicitly utilizing cheap electricity to produce cryptos. Chicken farm in South Korea In South Korea, places such as chicken farms and factories in development restricted areas are provided with electricity at cheaper […]

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Meet Akari-Pay: The BCH-Powered Website Payment Platform

On May 17 the Akari Global Foundation, an organization that aims to promote the increased adoption of Bitcoin Cash (BCH), launched a payment platform for BCH acceptance called Akari-Pay Advanced. The launch of Akari-Pay reveals a one-file BCH payment/donate page that doesn’t require any coding knowledge to utilize the platform. Also read: Federal Reserve Pres: People Want Dollar, Not Volatile Crypto Akari Global Foundation Launches Akari-Pay, a One-File Bitcoin Cash Payment/Donate Page There have been lots of developments happening throughout the BCH community over the past 48 […]

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First New-York Based Crypto Trading Company Receives BitLicense

A subsidiary of the Digital Currency Group has become the first New York-based crypto trading company to receive the BitLicense. Genesis Global Trading, a subsidiary of the Digital Currency Group, has been granted a BitLicense from the New York Department of Financial Services (DFS), according to a press release published on PR Newswire today, May 17. After the BitLicense became required for all New York crypto trading firms in August of 2015, a wave of crypto companies left the state, either unable or unwilling to comply with […]

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Streamr Launches Real-Time Data Marketplace, Partners With Nokia and OSIsoft

Streamr, the blockchain-based data platform based in Zug, Switzerland, launched their real-time data Marketplace on May 16, 2018, during a presentation at Consensus 2018. This was followed by an announcement of partnerships with Nokia and OSIsoft. The Streamr Marketplace connects data producers and consumers through a web-based application where data consumers can pay for access to real-time data streams listed by data providers. For example, a recent partnership between Streamr and Hewlett Packard Enterprise will allow vehicle data to be monetized in real-time. Vehicles generate data that […]

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Fred Wilson Explains Why Warren Buffett Doesn’t Get Bitcoin

Yesterday, May 16, 2018, well-known venture capitalists Fred Wilson and Balaji Srinivasan, the latter of which is now the CTO at Coinbase, had a chat with Wall Street Journal reporter Paul Vigna on the mainstage of Consensus 2018. During the discussion, Srinivasan and Wilson were asked for their opinions on recent comments made by Warren Buffett, Nouriel Roubini and other notable bitcoin skeptics who have been quoted in the media recently. In their responses, the pair of tech investors (but mostly Wilson) pointed out the differences between […]

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