Monthly Archives: September 2018

Major US Dairy Co-Op Pilots Blockchain Technology for Food Supply

Dairy Farmers of America has partnered with food fintech startup ripe.io to launch a blockchain-backed platform for its food supply chain. 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 $127.4 million in 2017, while its net sales were over $14 […]

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Surveys: 1 in 4 Millennials Want to Invest in Crypto, 3% of China Already Has

In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that Londoners are more than twice as bullish on crypto as the rest of their UK counterparts. Also Read: Markets Update: Cryptocurrencies Dip Again Forming Consolidated SupportM 3% of Chinese Citizens Have Invested in […]

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Australian Real Estate Major to Trial Blockchain-Powered Solar Energy Management Solution

Australian shopping mall operator with 70 locations across the country is testing Power Ledger’s blockchain solution for solar energy management. Australian firm Vicinity has announced it will trial a blockchain solution for its energy network. The company revealed this Thursday, September 25 in an official press release. Vicinity – with more than $42 billion in real estate assets under management – has partnered with Australian energy tech company Power Ledger. The newly announced trial is a part of Vicinity’s $75 million solar energy program that is about […]

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Mt Gox Bankruptcy Trustee Sells Approximately 25,000 BCH and BTC

Mt Gox has published an announcement that its civil rehabilitation and bankruptcy trustee, Nobuaki Kobayashi, has liquidated 25,331 BCH and 24,658 BTC. The trustee is now working on “the preparation of a rehabilitation plan” to repay monetary claims against the defunct exchange. Also Read: Bitcoin Enters the Scrabble Lexicon Mt Gox Publishes Update on Bankruptcy Proceedings The announcement states that the liquidations are in accordance with the February 28th Civil Rehabilitation Proceedings pertaining to its bankruptcy that mandated: “measures are taken to secure the interests [of] all creditors who […]

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Walmart Is Embracing Blockchain Technology To Trace Products

Walmart is launching a Blockchain platform for tracing lettuce and spinach from farmers to its stores’ shelves all over the USA. The project is dubbed as the Walmart Food Traceability Initiative. It is designed to be instrumental in enhancing the quality of the products through a transparent and open-source supply chain. Since Walmart consists of two components, Sam’s Warehouse Club and the stores including supercenters, the initiative will be applying to all of them. It Is All For Quality Assurance The Blockchain idea was conceptualized after Walmart […]

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No ETFs Until 2019? The SEC Has Been Taking Its Time

On Sept. 20, the SEC requested more comments for the VanEck SolidX ETF case. On Sept. 20, the United States Securities and Exchange Commission (SEC) requested more comments on its decision on the listing and trading of a Bitcoin (BTC) exchange-traded fund (ETF) created by New York-based firms VanEck and SolidX. Consequently, the regulator’s decision was postponed yet again. Here’s why the VanEck/SolidX ETF has a greater chance than the nine ETF temporarily rejected by the SEC in August, and why a BTC ETF isn’t likely to […]

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Crypto, Revolutionized: New French ICO Regulation on Its Way

Paris: The Assemblée Nationale is debating about a new legal framework allowing ICOs to gain a ‘quality’ certification issued by the French monetary authority. Today, the Assemblée Nationale (the French parliament’s lower house) is initiating a debate about a legal project introduced last June by the Minister of Economy and Finance, Bruno Le Maire, which contains some relevant changes for the French regulatory framework with regard to crypto assets and ICOs, together with many proposals aimed at sustaining the development of “liberated companies that are better funded, […]

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Cryptocurrency That Works Without Internet, mCoin Launches In Africa

London-based ONEm Communications has announced the launch of its mCoin program across Africa. Designed to be a hybrid currency, mCoin is a digital currency that can be transferred over text or through the smartphone app. Africa is a continent with millions of people who have access to mobile phones but little to no internet connectivity. ONEm wants to bring the benefit of cryptocurrency to millions of the unbanked in Africa through the mCoin program. ONEm Communications is a tech startup that develops advanced platforms supporting an ecosystem […]

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Vague Laws Leave Crypto Users Confused in Almost Half of the US

Justin Wales and Arnaldo Rego, lawyers at Carlton Fields, have surveyed all 50 states in the US, looking for clarity on money transmitting laws as they relate to cryptocurrencies. As adoption and general usage increases, states appear to be failing to keep up, leaving many enthusiasts to wonder if they’re committing a crime. Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug In Nearly Half of the US, Crypto Enthusiasts Cannot be Sure of the Law Of 50 US states, 12 have been judged […]

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Mt. Gox Trustee Confirms He Sold off $230 Million in Cryptocurrency

A man known as “Tokyo Whale,” for the enormous amount of bitcoin he controls, confirms he unloaded another big chunk of it earlier this year. Nobuaki Kobayashi, the trustee of now-defunct Tokyo exchange Mt. Gox, liquidated 24,658 bitcoin and 25,331 bitcoin cash between the creditors’ meeting on March 7, 2018, and the start of civil rehabilitation proceedings on June 22, 2018, according to an announcement posted on the Mt. Gox website on September 25, 2018.   As a result, the estate hauled in about 26 billion yen […]

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