BLOCKCHAIN NEWS Blockchain enters loan trading space with new Finzat-THC partnership Blockchain technology has found a new application yet again, as Finzat partners with Thomas Ho Co (THC), an asset liability management (ALM) solutions provider, to improve its whole loan trading network. Finzat is a New York-based company that offers
blockchain solutions to financial institutions, initially focused on the U. S. residential and commercial mortgage market.
Read more Blockchain Analysis clocks $5.7 million from the U.S. Government Diar, a research firm, has released a
study that suggests the United States government and its affiliated agencies have collectively spent $5.7 million on independent contractors to conduct research on blockchain technology, which includes the linking of individual's identity to the crypto-funds they hold.
Read more Australian real estate giant Vicinity to use blockchain for new energy economy To meet the growing demand for clean and green energy, Australian real estate firm
Vicinity has announced it will trial a
blockchain solution in partnership with Australian energy technology company, Power Ledger for its energy network. This was revealed by the company in a press release on Tuesday.According to the report, the trial will begin at Castle Plaza in South
Australia and will be the first center to integrate the energy blockchain technology as part of Vicinity’s $75 million industry-leading solar program.
Read more US national dairy cooperative adopts blockchain to increase supply chain transparency Dairy Farmers of America (DFA), a U.S. national milk cooperative, has partnered with food tech startup
ripe.io to explore blockchain technology.After many companies celebrating blockchain technology, it’s time for DFA to test blockchain’s capabilities in the food and agriculture sector.Ripe.io is focused on blockchain technology to transform the food supply chain for data transparency, so consumers get to know all the details from the farm to their plate.
Read more London-based Gospel Technology gets backing from Salesforce Ventures for blockchain platform Gospel Technology, which uses
blockchain technology to create a perimeter-less security infrastructure for inter-company data sharing, has announced its Series A investment of £5 million from IA Ventures and Salesforce Ventures in a blog post on Monday. This latest round of funding follows previous seed and angel funding in February 2018 by LoclaGlobe.
Read more University of Sydney and CSIRO’s Data 61 team up to create a new blockchain. The
University of Sydney and
CSIRO’s Data61 say that together they have created a blockchain that processes loads of transactions in less time. They claim it to be faster than any other blockchain, including bitcoin’s, according to a
report by Financial Review. The newest trial from Red Belly Blockchain on Amazon Web Series has timed itself to 30,000 transactions per second with a minute average delay of just 3 secs.
Read more JP Morgan attracts over 75 banks to its blockchain payments trial The blockchain payment trial launched by
JP Morgan in collaboration with Australia's ANZ and the Royal Bank of Canada gets major banking institutions as participants. The interbank payments platform was launched by these three banks last year for faster cross-border payments. The payments platform touted Interbank Information Network (IIN) has been in the testing phase for 11 months. According to a Financial Times
report, the platform has had over 75 banks signing up for the trial phase.
Read more CRYPTOCURRENCY NEWS Is Binance Coin (BNB) a security? CEO responds to the claims During a recent interview, CEO and Founder of Binance, Changpeng Zhao shared how he came into
Binance or the whole crypto space as such, how he & his team handled the rapid growth of the exchange, and whether Binance coin (BNB) is a security, along with many other topics.While speaking with
Unchained, Zhao was told by the interviewer that Binance Coin (BNB) more or less fits the definition of security.
Read more Ripple-SBI Holdings JV gets license to launch MoneyTap payments app SBI Ripple Asia, a joint venture between Ripple and SBI Holdings of Japan, announced on Wednesday that it acquired a license for handling electronic payments from the Kantou bureau of Japan's Ministry of Finance. The license will allow
SBI Ripple Asia to launch its new MoneyTap payments app, according to a
statement.
Read more Crypto critic claims EOS & Tether have same founders Bitfinex’ed, a vocal crypto critic, recently made some controversial claims. Bitfinex'ed tweeted that
EOS conducted its initial coin offering (ICO) to bail out Tether, adding that EOS and USDT have the same founders. Earlier this year, concerns were raised over the fact that Tether and crypto exchange Bitfinex have the same founders. The latest claim by Bitfinex’ed would mean that EOS and Block.one are all tied to the alleged Tether scam.
Read more Squire Mining picks Samsung Electronics to build new ASIC chips in South Korea Squire Mining, a Canadian cryptocurrency mining company, announced on Tuesday that they have teamed up with
Samsung Electronics and Gaonchips to manufacture ASIC chips in South Korea. Samsung Electronics will be Squire's foundry partner while Gaonchips will be its design house.
Read more NEM and Gifto join hands to refine scalability and decrease costs Peer-to-peer cryptocurrency and blockchain platform NEM is trying to enhance its scalability and reduce costs. These two factors in turn will improve the company's competitive advantage. To achieve this, the blockchain firm on Wednesday announced its partnership with Gifto, a blockchain-backed decentralized application (dApp) ecosystem.
Read more Token Takeover: Kenya’s DLT taskforce chairman aims to tokenize the economy Adoption of cryptocurrency has been on the rise - not just at the individual and corporate level, but also at a state level. The next objective of crypto-proponents has been a takeover of the economy. This sentiment was touched upon by
Bitange Ndemo, Kenya’s
Distributed Ledger Technology (DLT) and
Artificial Intelligence (AI) task force chairman.
Read more Monero developers patch bug that allow user to deliberately “burn” XMR Developers of
Monero (XMR) recently patched a bug that would have been damaging to crypto exchanges and XMR-friendly merchants. A software patch was privately distributed to exchanges and merchants. However, a detailed explanation of how the bug could be used to cause harm to merchants, services, and exchanges, and how it Monero (dev) community handled it was publicly disclosed in a blog post.
Read more Store Bitcoin & Euros in one bank account through this German startup A German fintech startup has set the market abuzz with its latest product that allows bank account holders to store Bitcoin in their accounts without any hassle.
Bitwala is all set to introduce this platform to manage both
euros and
cryptos in the same bank account.Bitwala plans to launch this platform in
November, and has already signed up
30,000 customers for the service. In terms of investment, the startup has secured funding of $4 million from
Earlybird Venture Capital.
Read more Crypto-adoption rates to skyrocket amidst immense interest: Survey Crypto-adoption has achieved tremendous strides throughout geographies and demographics. Few notable stand-outs include Chinese investors and millennials. China's government has undertaken a brutal crackdown on the crypto-industry since September last year, yet adoption rates are still on the rise. Meanwhile, millennials are increasingly viewing crypto as a safe haven asset in the event of a market crash.
Read more Ether to be soon available on LedgerX The second largest cryptocurrency by market capitalization,
Ether will soon be available on
LedgerX, a cryptocurrency derivative platform.According to
The Block, LedgerX, which we already know deals with bitcoin swaps is now ready with ether to go live.Regulators from
Commodities Futures and Trading Commission (CFTC) will first test the product and the approval might take place after a regulatory meeting on October 5.
Read more Coinbase prepares for its big move with a new asset listing process One of the biggest cryptocurrency exchanges in the world,
Coinbase has decided to move away from its predominantly US-centric approach with a new cryptocurrency listing process. As a result, some new digital assets won’t be available to customers based in the US due to stricter regulations.
Read more Supercharge launches its first co-working space in a luxurious manner Supercharge, a leading hub for prominent cryptocurrencies and blockchain networks has announced the launch of its first co-working space, situated in an opulent, waterfront headquarters. According to the
press release, their mission is
“to build and support a community dedicated to cultivating lasting connections and pioneering innovation within the world of blockchain.” Read more ICE to offer physical Bitcoin futures through the Bakkt platform Intercontinental Exchange (ICE) has announced on Twitter that it will have the first offering of physical Bitcoin futures through its
Bakkt cryptocurrency platform. The
Twitter announcement was made on 25 September.The bitcoin future offerings will be made against three different fiat currencies namely the USD, GBP, and the Euro. The main aim of this offering is to send some exposure to the institutional investors in the cryptocurrency stream through the
“regulated ecosystem” Bakkt.
Read more Google becomes crypto-friendly, allows ads for regulated exchanges In a major turnaround, search engine giant
Google has reversed its policy which was announced in March that all crypto related businesses would be banned from buying ads on Google Adwords. In an official
statement, the internet giant said that it will now accept them from pre-approved regulated venues in certain circumstances, effective October 2018.
Read more Cryptocurrency trading volume to hike by 50% in 2019: Study A new study conducted by Satis Group has found that
cryptocurrency trading volume is bound to register a growth of 50%. The study was conducted by Satis group on exchanges, OTC providers, consumer custody and institutional custody solutions. It focused on four key areas of financial trading and indicated that the most uncertainty lies in the areas of trading and custody and concentrated on both fiat and cryptocurrency and comparatively analyzed each landscape.
Read more John McAfee: Blockchain backed “permissionless society” and cryptocurrency to free us from being “hired slaves” It’s been a while that crypto mogul John McAfee has been voicing his opinion about ‘The Declaration of Currency Independence’ to free the world from the shackles of what he calls “subtle and refined slavery”. We are, as
McAfeecalls are "hired slaves" whose "fruits of labor" are enjoyed by their employers or the organizations they are associated with.
Read more Enterprise Ethereum Alliance & Linux partners with Netflix developer, Education Ecosystem The world of blockchain witnessed a new event with Education Ecosystem partnering with Linux Foundation and Enterprise Ethereum Alliance. The
notification released on 25th September suggests that the latter two are non-profitable firms. Linux Foundation is one of the prominent technology developers of the world, whereas, Enterprise Ethereum Alliance [EEA] is directed towards promoting applications based on
Ethereum blockchain platform.
Read more Ethereum [ETH] and ZCash [ZEC] merger would be “interesting”: Vitalik Buterin A researcher at
Ethereum Foundation, Vlad Zamfir, asked on Twitter, if anyone could think of two cryptocurrency communities that might come up with first blockchain merger. The founder and CEO of ZCash, Zooko Wilcox, was quick to reply that Ethereum co-founder Vitalik Buterin used a hypothetical example of Zcash Ethereum merger and he liked the idea.
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