Category Archives: Crypto News

Crypto Market See Some Green After Week of Lows, Bitcoin Price Hovering Around $7,500

Although Bitcoin is still under $8,000 and Ethereum dancing around $600, the crypto markets are experiencing slight growth today. May 25: although crypto market prices are still down after the week’s losses, the maps are showing green today, according to data from Coin360. A rally across the board predicted in the wake of last week’s Blockchain Week in NYC did not come into fruition, with the market instead dropping around 10 percent by mid-week. The market slump could likely be attributed the news that the U.S. Department […]

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Ashton Kutcher Donates $4 Mln in Crypto to Ellen Degeneres’ Wildlife Charity

Ashton Kutcher gives Ellen Degeneres’ wildlife charity $4 mln XRP on behalf on Ripple during a live taping of her show. Actor and tech investor Ashton Kutcher has donated $4 mln in Ripple (XRP) to Ellen Degeneres’ Wildlife Fund live during the Ellen Degeneres Show Thursday, May 25. Kutcher and Guy Oseary – his business partner as well as manager to Madonna, U2, and Amy Schumer among others – gave Ellen the large donation on behalf of Ripple. Kutcher had previously been known for his interest in […]

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Logistics Giant Maersk Starts Using Blockchain Platform for Maritime Insurance

Maersk has started using Insurwave blockchain platform for maritime insurance based on Microsoft Azure digital ledger tech. Transport and logistics company AP Moller-Maersk (a.k.a. Maersk) has begun using blockchain platform Insurwave for maritime insurance, Seatrade Maritime News reports Friday, May 25. Developed by EY and Guardtime, Insurwave uses distributed ledger technology from cloud platform Microsoft Azure and follows global insurance standards. At the beginning of May, Microsoft Azure had announced the release of its blockchain app creation service, Azure Blockchain Workbench. In the first year, Maersk will use […]

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Blockchain Micro-Learning Platform to Help Students Earn as They Learn

sponsored A company says micro-learning, where lessons are under 10 minutes in length, can increase the speed of a student’s development by 300 percent. A new blockchain platform by an established company in the educational sector is going to enable users to earn crypto tokens as they learn – all the while making lessons exciting and ensuring billions of people around the world have access to talented instructors. Code of Talent’s team say they want to address multiple failings in the industry which have seen learners become […]

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US: Shipping Startup Refutes Claims of Securities Laws Violations by State Regulator

Ethereum-based shipping platform and startup ShipChain denies allegations of securities laws violations by South Carolina state regulators. Logistics and supply chain startup ShipChain has refuted the claim of South Carolina regulators that it ran afoul of state securities laws, according to a statement May 24. Earlier this week, the company was issued a cease-and-desist order from the South Carolina Attorney General’s office. The order stated that ShipChain was offering securities to state residents without being registered as a broker-dealer by the proper authorities. The offerings in question […]

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South Africa’s Central Bank Calls Crypto ‘Cyber-Tokens’, Not Currency

The Reserve Bank of South Africa has classified cryptocurrencies as “cyber-tokens,” because they don’t conform to the definition of money The South African Reserve Bank, the central bank of the Republic, has chosen to call digital currencies “cyber-tokens” because they “don’t meet the requirements of money,” Bloomberg reported May 24. Francois Groepe, Reserve Bank Deputy Governor, explained the position of the bank: “We don’t use the term “cryptocurrency” because it doesn’t meet the requirements of money in the economic sense of the stable means of exchange, a […]

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Shanghai Startup to Use Blockchain to Verify Wine Origin, Fight Counterfeits

Shanghai-based startup VeChain is testing a blockchain application to verify the wine supply chain and fight counterfeits. VeChain, a Shanghai-based blockchain startup, is testing a blockchain application to verify of the wine supply chain and fight counterfeits, South China Morning Post reported May 24. The Chinese wine industry is worth $2.8 bln, but according to the South China Morning Post, aphorisms such as “the Chinese gulp down more ‘French’ wines than France makes” and “at least half of the Chateau Lafite-Rothschild consumed in China is fake,” have […]

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German Bank and Steel Conglomerate Execute Forex Transaction via Blockchain

German bank Commerzbank and multinational conglomerate Thyssenkrupp replicated a forex transaction of €500,00 using R3 blockchain platform Corda German bank Commerzbank and steel company Thyssenkrupp have completed a €500,000 pilot transaction of a forex (FX) forward on a blockchain, reported Cointelegraph auf Deutsch May 24. The EUR/PLN forward deal worth €500,000 with a one month tenor was initiated by Thyssenkrupp on the Commerzbank’s FX Live Trader platform on Wednesday. The transaction was then confirmed directly through Corda, a distributed ledger technology (DLT) of the R3 blockchain consortium. […]

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More Americans Will Turn to Crypto If Fed Relaxes Post-2008 Measures, Analysts Say

As the U.S. Federal Reserve considers relaxing post-2008 crash banking regulations, Americans could conclude crypto is safer than fiat, Weiss Ratings argues. More Americans may move away from traditional finance and into crypto if the the U.S. Federal Reserve (Fed) relaxes post-2008 financial regulations, according to a study published by Weiss Ratings May 22. The Fed is set to meet on May 30 to consider watering down the “Volcker Rule,” in what would be a major deregulatory move. The relaxing of the “Volcker Rule” would allow thousands […]

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Mining Malware Continues To Dominate Cybersecurity Threats By Seeking Out New Vulnerabilities

Mining malware continues to spread as hackers find new weaknesses to exploit, while businesses are only slowly catching up. Mining malware may now be painfully familiar to anyone with even a passing awareness of cryptocurrency, but so far businesses and consumers alike are failing to significantly curb its growing threat. On May 14, Israeli cybersecurity firm Check Point released its latest Global Threat Index, and for the fifth consecutive month it found that the Coinhive crypto-miner is the “most prevalent malware” in the world, affecting 16 percent […]

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