BP and Shell Launch New Blockchain Platform
A BP, Shell and Equinor-backed project to modernize physical energy post-trade processes using blockchain technology is set to go live by the end of the year, platform consortium Vakt said Monday at S&P Global Platts Digital Commodities Summit in London. The platform aims to help companies move away from traditional and cumbersome paper-based trading contracts […]
The Global Cryptocurrency Market Continues to Grow
According to data compiled by Bekryl, the global cryptocurrency market is projected to grow at a CAGR of 43.7%. The market is being propelled by the backend technology of blockchain which allows for safe and secure transactions. The technology behind cryptocurrency is still continually evolving. Most cryptocurrencies are backed by two mechanisms; the first publishes […]
Why Sweden’s Cashless Society is no Longer a Utopia
The Swedish retail payment market is rapidly moving away from using cash. The outstanding value of cash in circulation has dropped to 1% of Swedish GDP. This development raises some crucial issues regarding the state’s role in the payment market. For hundreds of years, the public has been offered central bank notes and coins. If […]
Colorado Division of Securities Continues ICO Crackdown with Four More Cease and Desist Orders
Colorado Securities Commissioner Gerald Rome has now signed orders for twelve initial coin offerings directing the cessation of unregistered securities in the state of Colorado. The orders are the result of investigations by an “ICO Task Force” convened within the Division, part of the Department of Regulatory Agencies (DORA), in May of this year to […]
Winklevosses’ Foe Wins End to Asset Freeze in Bitcoin Battle
The Winklevoss brothers lost a round in a court against the disgraced former head of a New York cryptocurrency exchange. Tyler and Cameron Winklevoss sued ex-BitInstant CEO Charles Shrem, claiming he took part of their $750,000 investment in his exchange in 2012 and used it to buy 5,000 Bitcoins, then valued at $61,000. A judge froze […]
Man Sent Letter Bomb to Bitcoin Firm ‘Over Password Reset’
A man has been jailed for sending a “potentially lethal homemade bomb” to a Bitcoin firm in London – after it refused to reset his password for him. The Met Police, which investigated the case, said detectives could “only identify one possible reason” for the Swedish national’s actions. He had emailed the company, Cryptopay, in […]
VersaBank Subsidiary VersaVault Initiates Commercialization Stage of Its Cryptocurrency Safety Deposit Box
VersaBank is pleased to announce that its subsidiary, VersaVault, has successfully completed beta testing for its previously announced digital safety deposit box and is initiating commercialization of its services. The first phase of the rollout will be to provide digital safe keeping as well as multi signature services for cryptocurrency exchanges and crypto based investment […]
Researchers Rank Cryptocurrency Exchanges by How Secure They Are
Prominent cyber-security firm Group-IB has graded the security of online cryptocurrency exchanges, as a means of assessing insurance risk. It found long-standing platform Kraken to be the most secure, with OKEx, Huobi Pro, and CoinCheck among the riskiest. Alongside IT platform CryptoIns, Group-IB claims to have developed the world’s first assessment system for determining the […]
Huobi Global launches Horizen (ZEN)
Horizen (ZEN) will be launched on Huobi Global on November 7, 2018 (GMT+8). Deposits will be available from 14:30, November 7, 2018 (GMT+8). ZEN/BTC and ZEN/ETH trading will be available from 15:00, November 8, 2018 (GMT+8). Withdrawals will be available from 14:30, November 11, 2018 (GMT+8). Horizen is a technology platform that provides users with […]
Stellar Support Added to BlockEx Exchange Network
BlockEx, the digital asset exchange provider for institutional-grade financial markets, has announced that it now provides support for Stellar based digital assets across its trading exchange network. Adam Leonard, CEO at BlockEx, said: “Delivering support for Stellar protocol digital asset issuing and trading is strategically important to us, our white label brokerage partners, and our […]
Deloitte and Attest to Bring Digital Identity Solutions to the Government Market
Deloitte and Attest Inc. announced a new collaboration today to assist government clients with digital identity solutions to help solve for a host of government challenges. “In the blockchain pilots we’ve run with our government clients, digital identity can be a thorny issue,” said Wendy Henry, managing director, Deloitte Consulting LLP, and Deloitte’s government and public […]
Marshalls President Heine Faces no Confidence Challenge
The first and only female head of state of an independent Pacific island faces her first vote of no confidence next week. Eight senators introduced a motion of no confidence in Marshall Islands President Hilda Heine on Monday, the last of 50 sitting days for the parliament session this year. The constitution requires a vote […]
Google and Samsung Invest in Crypto Kitties Developer
Dapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has announced that it has raised $15 million in a financing round led by Venrock. The investment arms of Google and Samsung also participated, bringing the total funds raised by the Canadian company to $27.85 million. Additional investors […]
South Korea’s Bithumb Eyes U.S. Security Token Exchange
South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security token exchange in the world’s largest […]
Hong Kong Exchange Preps DLT-Based Post-Trade Allocation and Processing Platform
Hong Kong Exchange and Clearing Limited (HKEX) is teaming up with Digital Asset to build a blockchain platform for post-trade allocation and processing of northbound trades under the Stock Connect programme with China. Stock Connect is a collaboration between HKEX and the Shanghai and Shenzhen stock exchanges that lets international and mainland Chinese investors trade […]
Blockchain Сompany ConsenSys Acquires Planetary Resources
Blockchain venture production studio ConsenSys, Inc. has acquired the pioneering space company Planetary Resources, Inc. through an asset-purchase transaction. Planetary Resources’ President & CEO Chris Lewicki and General Counsel Brian Israel have joined ConsenSys in connection with the acquisition. Previously, Chris Lewicki worked at NASA’s Jet Propulsion Laboratory as Flight Director of the Spirit & […]
Cryptocurrency market to grow at CAGR of 6.18%
The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and […]
Top Cryptocurrency Markets Dip While Traders Play the Range
After the tight trading range over the last few weeks, many people joked about cryptocurrency prices remaining stable indefinitely. Of course, most crypto enthusiasts know better and on Monday, after a dull trading weekend, the majority of digital asset markets saw price declines across the board. Bitcoin (BTC) prices saw a low of $6,208 and […]
