Monthly Archives: June 2019

Canadian University Offers Graduate Training in Blockchain Tech

The University of British Columbia offers a so-called training path in blockchain and DLT tech, focusing on public benefit blockchain solutions. Canadian-based University of British Columbia (UBC) has announced a blockchain and distributed ledger technology training program for master’s and PhD students. UBC announced the development in a press release on June 11. The training path is reportedly designed to build competency around blockchain tech, and is focused on its application in four public benefit areas: health and wellness, clean energy, regulatory technology and Indigenous issues. UBC […]

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Traditional Exchanges Pull Back From Reg A+ IPOs Due to Fraud Concerns

Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following the case of “crypto” firm Longfin Corp. when it allegedly organized a fraudulent Reg A+ IPO. Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following problematic offerings like that of purported cryptocurrency firm Longfin Corp., the Wall Street Journal (WSJ) reported on June 10. Earlier in June, the United States Securities and Exchange Commission’s (SEC) filed fraud charges against Longfin. The SEC claimed that Longfin fabricated 90% of its revenue […]

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BitMEX Observes Increase in Attacks on Accounts, Stresses Security Measures

Crypto exchange BitMEX cautions users to follow security best practices and enable two-factor authentication following an increase in attacks on user accounts. Hong Kong-based peer-to-peer (P2P) cryptocurrency exchange BitMEX has reported an influx of attacks on user account credentials, according to an official blog post on June 11. In addition to covering a litany of best practices for user security, the cryptocurrency exchange stressed the importance of using two-factor authentication (2FA) in particular. The report summarizes 2FA as follows: “2FA, sometimes referred to as ‘two-step verification’ or […]

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Former US Senator Rick Santorum Joins Catholic-Focused Cryptocurrency Project

Former United States Senator Rick Santorum has joined the board of the Catholic community-oriented cryptocurrency project dubbed Cathio. Former United States Senator Rick Santorum has joined the board of a Catholic community-oriented cryptocurrency project, according to a press release published on June 4. The former senator and Republican presidential nominee is now a board member of the Catholic community-oriented cryptocurrency project dubbed Cathio. The platform is designed to address the needs of the Catholic economy by ensuring lower costs, greater transaction visibility, and improved security for the […]

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Logistics Firm Panalpina Launches Blockchain Pilots in Its Supply Chain

Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing supply chains. Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing of supply chains, according to a press release on June 11. After joining the Blockchain in Transport Alliance (BiTA) in May, Panalpina — one of the world’s largest transport and logistics companies, with consolidated profit of $76.3 million in 2018 — has launched two blockchain pilots in the air and ocean freight field with selected […]

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Bitcoin Fails to Hold $8K as Cryptos Trade Sideways, Stocks Tumble After Recent Surge

Cryptocurrency markets are trading sideways, most of the top 20 coins by market cap are seeing slight losses over the past 24 hours. Tuesday, June 11 — crypto markets are trading sideways, with the top 20 coins by market cap predominantly seeing red at press time, according to data from CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC) has failed to hold the $8,000 price point that it broke yesterday after seeing another dip below $7,900 before. At press time, bitcoin is trading at $7,878, down 0.82% over […]

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Austrian Postal Service Releases Crypto Collectible Stamps

The Austrian Post releases a line of 150,000 “crypto stamps,” a set containing a crypto collectible authenticator and a stamp that can be used for actual mail. The Austrian Post has released a line of crypto collectible stamps, according to a press release on June 11. According to the press release, the so-dubbed “crypto stamp” is the first stamp in the world to be authenticated via blockchain technology. The postal service has reportedly issued 150,000 copies sold at € 6.90 apiece. When purchased, the stamp set comes […]

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Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses

Blockchain businesses will be able to receive up to $86,800 in relief on rent bills under new measures brought in by Fuzhou, China. Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth, the state-run People’s Daily reported on June 11. The incentive is part of three measures designed to help the sector, and will enable companies to receive up to 600,000 yuan ($86,800) in relief on rent bills per year for three years. Traditional companies will also be encouraged to build blockchain […]

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CME’s Bitcoin Futures Hit New Records

Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone when it surpassed 33,000 contracts ($1.3 billion notional value) in one day. In another instance, CME’s open interest for its bitcoin derivatives positions smashed an all-time record high of 5,190 contracts on May 28. Also Read: Our Value of Money Is […]

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Beaxy Launches Crypto Trading Platform Despite Hack Last Month

Despite last month’s hack, Beaxy’s CEO says he “couldn’t be happier with the product this incredible team has built.” Beaxy has announced the launch of its cryptocurrency trading platform on June 11 in a press release shared with Cointelegraph. In the release, the company said it was now live in 43 United States states and 185 countries. According to Beaxy, an exclusive partnership with OneMarketData delivers trading capabilities across nine order types, with transaction speeds of 225,000 per second per trading pair. The launch follows two years of development, […]

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