A US Citizen Faces A 5-Year Prison Sentence For Selling Bitcoins Via Localbitcoins “Without A License”

A US citizen is recognized as guilty in Federal court in the conduct “no business license money transfer” using LocalBitcoins.com, reported the Ministry of Justice on 29 October.

In the press release of the Ministry of Justice reported that U.S. citizen, Jacob Burrell Campos, admitted to “the sale of hundreds of thousands of dollars” in bitcoin “more than 1,000 clients” in the United States in the period from January 2015 to April 2016, the year that was identified as the establishment of unregistered “bitcoin exchange”.

Using popular p2p LocalBitcoins.com platform, Burrell has not registered its activity in the Network to combat financial crimes (FinCEN), the authority of the Ministry of Finance of the USA, and also not investigated the origin of clients’ funds, for example, applying measures to combat money laundering, said the Federal court.

It is reported that after placing an ad on LocalBitcoins, Burrell negotiated sales for a 5% Commission on top of the market rate, “often” using encrypted emails or applications to send SMS for communication, accepting cash, ATM or MoneyGram payments for his services.

Burrell also admitted that his account on an unnamed “US-based and regulated” crypto-exchange was closed due to “suspicious” transactions. Then he moved to the Hong Kong platform, through which, according to him, he purchased cryptocurrencies for $ 3.29 million in the period from March 2015 to April 2017, “hundreds” of individual transactions.

The press release also highlights that Burrell admitted to exchanging the dollars he kept in Mexico with a precious metals dealer in San Diego. Burrell admitted that he filed a false tax return, for which he expects a court decision on December 13.

Burrell and accomplices, whose names are not disclosed, each day imported more than $ 1 million at the end of 2016 and at the beginning of this year, in portions of 10 000 to avoid Declaration.

The final verdict will be handed down on February 11, but the defendant has already agreed to the payment of $ 800,000 for the settlement transaction. Burrell faces up to 5 years in prison.

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UK FCA Has The Potential To Prohibit The Sale Of Cryptocurrency Derivatives

The government’s working group on blockchain, which consists of employees of the Bank of England and the local regulator, proposed to limit trade in secondary securities

The new regulatory structure of the blockchain industry was proposed by the working group of the UK government on cryptocurrencies. Representatives of the Department showed a structure that involves several types of digital assets — cryptocurrencies that are used for exchange, for investments and tokens that are used in ICO.

Digital money cannot be recognized as a means of payment due to high volatility, low liquidity and the fact that it is difficult to track. Representatives of the working group stressed that, in the future, these assets would make it possible to conduct cheaper and more efficient transactions by eliminating intermediaries.

At the moment, cryptocurrencies carry serious risks for investors, as well as they are used in illegal activities, the report says. It is also reported that ICO can provide opportunities for more effective fundraising.

The working group has developed rules for advertising digital assets. Information should not mask or reduce their capabilities.

 

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Microsoft With Nasdaq Inc. About Blockchain Technology

Microsoft said its Azure blockchain services will be integrated with the Nasdaq financial platform, which offers software for traders, exchanges and clearing houses to interact with each other.

The partnership will create a blockchain system that will help different technologies work together for Nasdaq customers. For example, it will make it easier to find buyers and sellers, and manage shipping, payment, and settlement transactions, the companies said.

Nasdaq Financial Framework plans to offer customers the opportunity to use different blockchains through one common interface, which the company hopes will facilitate and accelerate the use of blockchain and allow customers to choose which option is best suited for different situations.

The partnership was announced on Tuesday, when Microsoft business development CEO Peggy Johnson has spoken at the Bloomberg CIO Exchange conference.

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The Supreme Court Of India Asks The Government To Give An Opinion About The Use Of Cryptocurrencies

The Supreme court of India has asked the government to provide an official opinion on the cryptocurrency within two weeks, according to an article dated October 26, published in the Indian newspaper the Economic Times.

According to the article, the court received several petitions from cryptocurrency exchanges challenging the April decision of the Reserve Bank of India (RBI). This order prohibited RBI regulated organizations from providing financial services to exchanges and other cryptocurrency companies.

Although there is no ban on personal use or trading of digital currency in India, the disappointment on the part of RBI has had a large-scale impact on the Indian cryptocurrency market, as a result of which exchanges have moved away from Fiat crypto trading pairs and even closed completely.

According to the article, RBI lawyer Shyam Divan told the court that the government must ultimately make the decision about the politics of cryptocurrency.

India has no monolithic position concerning the cryptocurrency, but the RBI warned the public about using it in 2013.

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eToro Added Binance Coin (BNB) To Its Trading Platform

Tel Aviv-based eToro added Binance Coin (BNB) to its social trading platform on Monday.

With the addition of BNB, the eToro platform now supports 14 different cryptocurrencies, including IOTA (IOT), Ethereum Classic (ETC) and Cardano (ADA). While the app is currently not available to investors in the United States, eToro has announced plans for expansion in 2018 with the last round of fundraising in the amount of $ 100 million in March last year.

The new listing came a few weeks after Binance held its 5th token burn, removing over 1.6 million BNB ($17 million) from circulation.

Earlier it became known that the charity Fund of the cryptocurrency exchange Binance (Blockchain Charity Foundation, BCF) launched a blockchain portal for cryptocurrency donations at the world investment forum UNCTAD (United Nations Conference on trade and development).

The system has already started receiving donations and will initially support three types of cryptocurrencies – Bitcoin, Ethereum and Binance Coin.

BNB was one of the most efficient cryptocurrencies of 2018 and currently has a market capitalization of $1.23 billion, making it the largest token in the AltDex Exchange (ALTEXC) token index.

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Hitachi And State Bank Of India Create Digital Payment Platform

The regional subsidiary of the Japanese conglomerate Hitachi and the State Bank of India (SBI) have started joint development of a platform for digital payments using POS solutions and a mass network across the country.

Hitachi Payments is investing in a 26% stake in the joint venture SBI Payment Services, according to a press release. The technology giant uses the company’s extensive experience in big data analysis and in the development of artificial intelligence for the release of Lumada, IT platform for Indian payment system.

Also in July, it became known that the Hitachi technology conglomerate and telecommunications giant KDDI are exploring the possibilities of a blockchain system that will allow making daily payments using fingerprints to sign transactions.  Last year, the company also announced the development of a blockchain-based platform for supply control and order and account management.

In India, the blockchain sphere is rapidly developing: in September, it became known that the national stock exchange of India (NSE) is testing the blockchain platform developed by Elemental Labs, and Dell announced plans to use the blockchain to launch new products in the country. Also in India, several government agencies have already started to use the blockchain platform, which provides a digital way to identify citizens, greatly simplifying this process.

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HTC Is Launching Early Access For Their First Blockchain Phone

The first blockchain-HTC “EXODUS 1” was available during the Early Access period for people in the UK.

An early access version is available on HTC’s website via bitcoin (BTC) or Ethereum (ETH) cryptocurrencies.

“EXODUS 1” comes with blockchain technology and software, as well as a locked area on the device that is protected from Android OS.

HTC has developed a social key recovery mechanism as a precaution for losing or stealing your phone.

Users will be able to select multiple trusted contacts, all of which must download the key management application. It is then shared using a private sharing algorithm and sent to trusted contacts.

Phil Chen, HTC’s CEO of decentralization, said:

“It has been 10 years since the launch of the first Android phone from HTC and almost 10 years since the launch of Bitcoin Genesis Block. In order for digital assets and decentralized applications to reach their potential, we believe that mobile communications should be the main distribution point. We look forward to partnering with developers in the blockchain community to join this vision.”

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Happy Birthday Bitcoin. Celebrating 10 Years Of Bitcoin.

Tomorrow, on October 31st, the controversial digital currency Bitcoin is celebrating its 10th birthday.

It is reported that on October 31, 2008, anonymous technical master Satoshi Nakamoto published an article about his plans to create the ultimate digital currency that could compete with the everyday money currently used by citizens of the world.

It is reported that back in January 2009, bitcoin, the world’s first digital currency, was launched at a price of only a few cents, as few in the world were serious about the idea that a hidden Internet currency could replace real money.

The price of bitcoin rose from a few cents to $ 6359 today. Bitcoin’s price also reached its maximum of $ 20,000 at the end of last year.

At the end of 2017, the gross value of Bitcoin was more than $ 300 billion, and although it has since dropped to about $ 100 billion, it is still valuable.

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Blockchain Interbank Settlement System Will Be Tested In Japan

Several Japanese financial institutions have joined forces with Fujitsu, a Japanese multinational information technology equipment and services company headquartered in Tokyo, Japan, to explore whether blockchain can improve the interbank payment system. Fujitsu will be an application development provider in the upcoming testing of distributed ledger technology (DLT) solutions for small-scale transactions.

Payment clearing network of Japanese banks will prosecute transactions involving nine banks: Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Resona Bank, Joyo Bank, Bank of Fukuoka, Nishi-Nippon City Bank, Sumitomo Mitsui Trust Bank and Keiyo Bank. During the trial, the date of which is unclear, Fujitsu’s distributed ledger technology (DLT) solutions will be used, as the technical Corporation will build a blockchain-based settlement system.

Blockchain, the technology behind cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and XRP (XRP), has become attractive to various industries in search of new technology solutions that can bring cost savings, transparency and time savings.

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Binance Launches Donations Portal Based On The Blockchain

The charity division of Binance, the world’s largest cryptocurrency exchange by market capitalization, has launched a blockchain-based donation portal to track and make charity more direct, accessible and transparent.

The Blockchain Charitable Foundation (BCF) presented the platform during the Blockchain for Sustainable Development session at the UNCTAD world investment forum, held at the United Nations headquarters in Geneva, Switzerland. He was introduced by Binance CEO Changping Zhao.

The blockchain donation portal will make use of a three- to four-layer tracking system which will consist of “donors, charity programs, charity partners (optional), and ultimate beneficiaries”. Because it is all blockchain-based, stakeholders will be able to track donations in a transparent and accurate way.

Binance will bear all transaction fees associated with the new donation portal and ensure that 100 percent of the donations will go directly to the final beneficiaries.

The portal will initially support Binance Coin (BNB), Bitcoin (BTC) and Ether (ETH), with additional features coming soon.

Binance earlier this month decided to donate all fees associated with listing a cryptocurrency token to charity.

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Square Opened The Source Code Of “Bitcoin Storage” Subzero

American payment company Square has opened the source code of its own solution Subzero for cold storage of bitcoins.

The technology of cold storage of crypto-currencies called Subzero from Square is based on the so — called hardware security modules (HSM) – and software code, documentation and tools for working with which the company published last week.

According to the description of Square, HSM is a specialized hardware device for ” storing cryptographic keys and performing operations with these keys.”

Subzero is a customizable corporate offline bitcoin wallet for cold storage. The wallet Subzero you can set certain rules that increase the security level, for example, to allow sending bitcoins from the cold wallet only to addresses accounts belonging to the services Square.

As a reminder, Square also allows users to purchase bitcoins using the Cash App. In June, the company announced that it had received a BitLicense license from the New York financial services Department to conduct cryptocurrency trading activities in the state of New York.

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Venezuela And China Are Working To Promote Cryptocurrency Petro

A team of Venezuelan cryptocurrency specialists and a delegation of China’s economic and financial advisors analyzed Petro’s potential as an international currency exchange on Sunday, as part of the financial and economic Advisory program.

The national Manager for crypto assets, Joselit Ramirez, said on Twitter that the meeting is part of the commitments agreed between the two countries during the meeting of the XVI China-Venezuela high-level Commission.

He also explained that actions were included in the programme of reconstruction, growth and economic prosperity promoted by the Bolivarian Executive branch.

He also stressed that the purpose of the meeting is to promote the consolidation of the national plan of critical actions and the concretion of important alliances with China to expand the Venezuelan cryptocurrency.

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Fidelity Investments Has Launched A Bitcoin-Oriented Firm

Best known multinational financial services giant Fidelity Investment Inc expresses your interest in blockchain technology and cryptocurrencies. The Boston-based asset management Corporation ranks fourth in the world, with assets valued at more than $ 2.5 trillion.

Fidelity Digital Assets will focus on providing corporations and investors with blockchain and digital asset solutions. In addition, the statement was made at a conference held at the company’s headquarters in new York.

Fidelity Investments is widely known as simply Fidelity already provides financial solutions to more than 13,000 financial institutions and firms. In addition, these financial solutions include the provision of investment advice, asset allocation management, hedge funds, mutual funds and life insurance.

Fidelity believes that investors and traders are gradually moving to investing in new technologies such as cryptocurrencies. Moreover, the reason seems to them quite bright. They can easily use cryptocurrencies to store money and valuables. In addition, it may be the best option for a hedge Fund.

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Miner Of Cryptocurrencies Counted $ 1.07 After Four Days Of Mining

The cryptocurrency miner revealed the profits of its four-day mining activity, which gave it a total of $ 1.07. A Reddit user with the pseudonym “nstran541” shared his experience through a cryptocurrency subreddit.

Although the user who conducts mining operations with the application for mining WinMiner, did not specify what coin he extracted.

The mining of cryptocurrencies in many countries has been allowed in compliance with strict rules. However, some cities, such as Plattsburg and Ephrata, Washington has placed a total ban on mining activities.

While Plattsburg is considering lifting its ban, Efrat will continue the ban for one year. Iceland, which is home to a ton of cryptocurrency mining operations, has also reportedly shifted its focus from bitcoin mining to pure Blockchain business.

Meanwhile, the growth of cryptocurrency mining in China has increased dramatically, studies have shown that it carries the largest cryptocurrency mining population. Chinese mining company Bitmain is also known for mining more than half of all bitcoin in the world.

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Business School In Paris Receives Payment In Bitcoin For The Blockchain Lessons

As the campaign for mass adoption of cryptocurrencies intensifies, various institutions and businesses are taking the step to capitalize on the opportunity to play a role in the process. Paris business school FINANCIA offers a variety of business courses. Students can also earn their MBA there.

Founded in 2014, FINANCIA Business school has done its best to catch up with the emerging education sector, especially in relation to emerging areas such as blockchain-based technology. To achieve this goal, the school has recently joined a number of other institutions offering courses in cryptography and blockchain. To emphasize the success of the program, some school graduates continued to work in large and popular corporate companies such as Credit Agricole, Societe Generale and BNP Paribas. It’s obvious that blockchain-related job opportunities have really grown over the last 2-3 years.

As a school that is rapidly gaining popularity, FINANCIA BUSINESS SCHOOL is proud that about a quarter of its students come from abroad. Thus, the institution has seen fit to help facilitate the struggle faced by students when it comes to cross-border payments for their school fees.

Now students can pay their fees using crypto-tokens, namely bitcoins. Thus, money transfers are easier and easier to track. Everybody wins. To make the process even better, the school collaborates with a company called Coin Capital. Already 5 students platili their contributions in bitcoins.

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Australians Will Be Able To Buy Bitcoins In The Mail Through The “Digital Profile”

Australian state mail has entered into the first partnership agreements with cryptocurrency exchanges of the country, in which they will use the mail service for identification — Digital ID. Authorization via Digital ID will simplify the KYC procedure.

The Australian state post has announced that its customers will be able to purchase bitcoin and other cryptocurrencies on partner exchanges using the Digital ID identification service. Authorization through this service will allow new users of trading platforms not to pass the KYC procedure.

Cryptocurrency exchange Digital Surge, located in the city of Brisbane, one of the first to introduce the identification service from the national postal service. According to the General Director of the exchange Josh Lehman, the use of Digital ID will reduce the registration period for residents of the country to a few minutes instead of “a few days as on other exchanges.” Identification via Digital ID is also possible in Australian companies Coinjar and Coin Loft.

The process of registering with a Digital ID is simple. The user uploads his / her personal data and passport or driver’s license information there. After passing the moderation, he can decide what information of his profile can be shared with third-party applications. Project General Manager Cameron Gough is confident that Digital ID “gives people more control over the process of sharing personal data with organizations.”

Against the background of the spread of KYC procedures and their complexity, the blockchain industry is also developing solutions for user identification in order to simplify the process and control over personal data. Such a system, in particular, is developed by Microsoft. Read more about the trend to create a “digital profile” in the material BitNovosti.

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Sony Developing A Creative Currency Hardware Wallet

Sony electronics has developed a technology that, in its opinion, will help cryptocurrency users to keep their assets more secure.

The Japanese technology conglomerate announced this week that its Computer Science Laboratories’ (Sony CSL) division has developed a cryptocurrency hardware wallet that can be used to store bitcoins and other digital assets in a secure, standalone environment while maintaining the convenience of less secure online cryptographic storage systems.

Unlike conventional cryptocurrency hardware wallets, such as Trezor One and Ledger Nano S, which connect to a PC or user’s mobile device using a USB cable, the Sony CSL wallet will store the user’s personal keys on a contactless IC card, allowing the user to easily sign transactions from a mobile device with NFC support.

Perhaps, first of all, the development of Sony cryptocurrency technologies does not seem to be a simple research project or, as often happens, an example of a company seeking to position itself as an innovator in the field of advanced technologies, although it does not plan to convert its research into real products and applications.

Earlier this year, Sony filed a patent application for a system that uses blockchain technology for digital rights management (DRM). Only this month, the company introduced a production version of this system, which will be based on the existing DRM platform Sony Global Education for the exchange of educational data.

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Nigerian Startup Onewattsolar Will Help Africans Pay For Solar Energy Using Blockchain

The Onewattsolar startup, based in Lagos, Nigeria, came up with a way to allow thousands of Africans to pay for solar energy using blockchain tokens without having to pay for a solar system infrastructure that is funded through financial sponsors.

The goal is for customers to buy tokens in local naira currency using platforms from third-party technology financial companies.

On a traditional service using fossil fuels, energy consumption is around 70 Nigerian naira ($ 0.19) per kilowatt. But the blockchain system is 50 percent cheaper than diesel. Instead, the OneWattSolar systems will include solar panels and an integrated internet router that will automatically collect energy usage data, which is charged monthly for a fee, as you go.

Although the startup has only been eight months in the making, it is part of GoSolar Africa, a renewable energy company that has been operating in Africa since 2010. It is planned that in January 2019, the first 1000 systems will be launched, which will be fully commissioned.

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Deutsche Bundesbank Sees Positive Results From Blockchain Checking Tests

Deutsche Bundesbank, the German central bank, and Deutsche Börse, the owner of the Frankfurt Stock Exchange, reported successfully completing the blockchain prototype tests.

Deutsche Bundesbank is the central bank of the Federal Republic of Germany and as such a part of the European system of central banks.

Deutsche Börse and Deutsche Bundesbank completed the evaluation tests of their jointly listed prototypes for settlement of securities, focused on blockchain technology.

Partners believe that the two prototypes support settlement of securities transactions, payments, interest payments, and also the repayment at the end of the term of the bond.

The goal of the Blockchain settlement project was to create a conceptual prototype for the transfer and settlement of both securities and blockchain-based funds.

The blockchain technology was launched on Hyperledger Fabric (version 1.0), as well as on a digital asset platform and subjected to demanding performance tests, said Deutsche Bundesbank and Deutsche Börse.

Firms said that tests during the blockchain settlement trial showed that both prototypes are suitable for productive work of a realistic financial market infrastructure, serving as a basis for further development.

In addition, the digital asset platform and Hyperledger Fabric have released new versions that could potentially improve performance, financial institutions said.

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Bank Of Canada Reports That 5% Of Canadians Have Bitcoins

Data from the Bank of Canada and the Ontario Securities Commission showed that bitcoin adoption and general awareness of cryptography in Canada is growing steadily, and the percentage of respondents from the Canadian survey who have bitcoin increased from 2.9 percent in 2016 to 5 percent in 2017.

The Bank of Canada’s report shows that the gender gap in the ownership of bitcoins has widened significantly over the period in question, while bitcoin women-owners in Canada remain at 2 percent of the population, while bitcoin male owners almost doubled, from 4.2 percent to 8 1 percent. It is important to note that property not only grew in densely populated provinces with urban centers such as Ontario and British Columbia. It also showed that the number of holders of small Bitcoin sums increased by a wider margin than people owning more than 10 BTC.

According to a survey that was conducted in March 2018, 35 percent of crypto holders reported that they had made their first purchase of cryptocurrency in the previous three months, and another 37 percent said they had received cryptocurrency the first time in the past year. Only 27 percent indicated that they acquired their cryptography more than a year ago, which means that 72 percent of the crypto holders in Ontario have been bought in the last year. It tells a significant story about the growth in the adoption of cryptography in the most populous province of Canada.

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Binance Launched An Exchange Between Cryptocurrency And Fiat In Uganda

On October 17, the exchange Binance Uganda began to accept deposits in Ugandan shillings (UGX), and also launched the process of verification of clients, and now the exchange between Fiat and cryptocurrencies has become available.

As part of the first announcement of Binance Uganda CEO, Zhao Changping, has already mentioned the interest to develop the company’s activities throughout the African continent. He stressed that the project in Uganda “is developing very fast”, thanks to strong support from the government, regulators and industry:

“Uganda is in a very interesting position: only 11 percent of the population has access to Bank accounts. It is both a challenge and an opportunity. It may be easier to use cryptocurrencies than to try to provide everyone with access to banking services. It’s an interesting experiment. Africa is a very large market. That’s why we’re here»

This year, Changping also said that he plans to create jobs for young people and attract investment in the blockchain industry of the country. To achieve this goal, the crypto exchange Binance already cooperates with two organizations engaged in the development of the region: Made in Africa and Msingi.

Also today, during the international forum UNCTAD, held in Geneva, the head of Binance announced that he will donate $ 500,000 for the development of Uganda through the Blockchain Charity Foundation.

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Co-Founder of Unocoin Installs Bitcoin ATM In A Bengaluru Shopping Malls

The co-founder of Unocoin, which is engaged in the prohibited exchange of cryptocurrencies, was arrested a few days after he launched a Bitcoin ATM functioning at a shopping center in Bengaluru in violation of RBI norms.

37-year-old Harish B. V., a native of Tumuluru, Karnataka, was arrested on Tuesday. The police confiscated two laptops, a mobile phone, a device for cryptocurrency and cash money from the arrested.

Harish, who set up his firm Unocoin Technologies Private Limited to do business in virtual currency, opened an ATM kiosk in the city’s shopping center last week without permission from the competent authorities, police said.

The police presented him to the main magistrate’s court, which detained him for further questioning.

RBI said to the Supreme court in July that the settlement of the transactions with cryptocurrencies such as bitcoin, would facilitate the illegal transactions in this connection was the adoption of the resolution prohibiting the use of these virtual currencies.

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Oracle Delves Into The Blockchain The Industry With New DLT Cloud Services

Oracle, a U.S.-based multinational company, has expanded its cloud services with several new blockchain products to make this part of its business more attractive in a market dominated by traditional technologies. The proposals presented are aimed at the supply chain industry by creating solutions based on distributed ledger technology for existing problems, such as transparency and traceability issues, Oracle said in a statement on Tuesday.

The new blockchain services operate as software-as-a-service (Saas) and consist of four cloud applications specific to a particular use case. One of the products offers end-to-end blockchain monitoring of goods and services, while the second tracks the origin, authenticity and transformation of products, and the third studies the temperature of goods. The fourth service automatically generates smart contracts to ensure transparency regarding warranty and insurance claims.

Last year, Oracle introduced its first cloud-based DLT products, which were more General in nature. New services are changing this model and are emerging a few months after Oracle published its financial results for the fourth quarter of the fiscal year in the United States, which ended in June. The results of the cloud division were disappointing compared to the overall positive trend of the company.

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New Cooperation Of Infosys & R3 For Integrating Corda With Blockchain Solutions Finacle

Consulting and IT services firm Infosys  cooperates with R3 through its digital Bank Infosys Finance, which is part of its subsidiary EdgeVerve Systems Limited. Both parties will work together to allow partner banks to integrate the R3 Corda open source blockchain platform with the Finacle blockchain solutions.

To begin with, Finacle will have two services that integrate Corda – Finacle Trade Connect and Finacle Payments Connect. The first is a trade Finance platform designed for banks, companies and trading partners that can connect through a single DLT network. The solution supports a wide range of trade and supply chain functions including open account, invoice financing, letter of credit, collection, Bank guarantees, etc.

Another service based on the blockchain final Payments Connect allows you to make payments in real time through an authorized DLT network. The solution allows banks to automate payments based on relevant banking relationships.

In June of this year, we reported that Infosys has provided its blockchain technology to India Trade Connect, a consortium of 14 local banks that account for half of India’s trade volume.

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Samsung To Launch A Pilot Blockchain Program For Tracking Cargo Containers

Rotterdam port, Europe’s busiest seaport, is partnering with Dutch Bank ABN AMRO and it division of technology giant Samsung to launch a pilot blockchain program to track marine containers, a press release said on October 22.

The basis of the blockchain pilot will be the Nexledger platform, which was released by Samsung in 2017. It is reported that the Nexledger platform will be linked to the R3 Corda blockchain used by ABN AMRO. This compatibility between different blockchains will theoretically allow all participants of the pilot program to access relevant information related to the tracking of sea containers.

According to a press release issued by the port of Rotterdam on 19 October, tracking cargo containers from China to Rotterdam typically involves 28 different parties, and all data is manually documented on paper, leading to errors and inefficiencies.

The pilot program, which was developed by BlockLab, a subsidiary of the port of Rotterdam, aims to create an “independent and global platform working from the perspective of shippers” and to make tracking of sea containers more transparent and cost-effective.

Creating transparency and efficiency in the shipping and logistics industry is one of the main examples of using blockchain technology.

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The Largest Stock Exchange In Brazil Has Reduced The Number Of Employees Due To The Fall In Trading Volume

In a few days, Brazil’s largest cryptocurrency exchange Mercado Bitcoin has fired 20 employees. This writes the local newspaper Portal do Bitcoin.

As the dismissed employees told the publication, the management of the exchange justified its decision with the upcoming changes in the marketing policy and personnel management. Sources also reported that in recent months there have been changes in the work of the exchange, and the volume of tasks for employees has decreased significantly.

Some sections of the platform were closed after the layoffs. The exchange fired those employees who came to work 2-6 months ago.

Note, in September, the trading volume on the site was 4 150 BTC, and in the first half of October – 1 965 BTC. This is 30% of all bitcoin trading on the Brazilian market.

Previously, ForkLog reported that the UK’s oldest bitcoin exchange Coinfloor has announced job cuts due to falling trading volume.

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The Parent Company Of The NYSE Will Soon Launch Futures On Bitcoins

The New York stock exchange (NYSE) has announced the launch of physically regulated Bakkt Bitcoin futures contracts on December 12. The main feature is that the purchase and sale of bitcoins are fully secured and financed in advance.

The purchase of each contract for USD / BTC involves the transfer of one bitcoin to the account of the owner. Intercontinental Exchange (ICE), the operator of 23 largest stock exchanges, including NYSE, is responsible for the storage of cryptocurrency.

Representatives of the NYSE believe that their product will be a good alternative to futures from CBOE and CME. Earlier we told that Bakkt will not support margin trading. According to the management of the platform, this will allow to maintain “trust pricing” and ensure the stability of the market.

Last year, CME and CBOE launched their bitcoin futures contracts, an event that was followed by the strongest bull market the coin has ever experienced. Using this logic, running another financial instrument might just be a spark plug that starts the bitcoin engine again.

After all, ICE is a reputable institution known for creating a stock exchange recognized worldwide.

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HTC Will Sell Its New Smartphone For Bitcoin

HTC released the first version of its blockchain smartphone called Exodus 1. It is noted that the new phone has a high level of security.

Zion crypto wallet can be used to store private information and cryptocurrency. In case of lost or stolen phone, there is a recovery key.

The phone can be bought for 0.15 bitcoins or 4.78 Ethereum in December this year. That’s about $960. The blockchain smartphone will be available in 34 countries. In China, Exodus 1 will not be issued due to restrictions on cryptocurrency transactions.

Exodus 1 has a 6-inch screen, two dual cameras, Qualcomm Snapdragon 845 processor, 3500 mAh battery, and is not afraid of dust and water. Exodus 1 will be running Android Oreo.

Recall, the Taiwanese manufacturer of smartphones and tablets HTC announced plans to release a blockchain smartphone Exodus this fall.

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Danske Bank Joins Blockchain-Based Network Of Trade Finance Marco Polo

Danske Bank, the largest Bank of Denmark, announced Monday that he joined the blockchain network, Marco Polo, global trade Finance platform and network, headed by R3 and TradeIX. Platform aimed at banks and uses technology provided by TradeIX. It offers ERP-embedded applications for working capital financing to its corporate clients. In addition to the blockchain technology offered by TradeIX, Marco Polo network uses open API and R3 Corda blockchain platform.

The main goal of the Marco Polo Network is to help banking platforms ensure smooth and fast communication with their corporate clients through the use of enterprise resource planning applications for trading and working capital financing.

The ecosystem has a number of advantages for financial institutions as it can reduce transaction costs and risks associated with the provision of trade and working capital services. The network can also increase the chances of generating revenue by effectively linking banking firms to their corporate clients.

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Alibaba Wins A Lawsuit Against Cryptocurrency Firm Alibabacoin

The Chinese e-Commerce giant Alibaba Group has filed a lawsuit in the southern district of New York, which points to a violation of the trademark rules by AlibabaCoin (ABBC). In the application it is alleged that the initial coin offering (ICO) of AlibabaCoin was conducted with the unqualified use of the trademark Alibaba. At the same time, the ICO was not registered by the US financial regulator.

Chinese e-Commerce giant Alibaba Group Holding Limited won a preliminary injunction against the cryptocurrency firm Alibabacoin Foundation.

Currently tokens Alibabacoin (ABBC) is presented on 10 different exchanges: Coinsuper, Coinbene, Dragonex, Idax, Ooobtc, Topbtc, Rightbtc Sistemkoin, Bit-z, Bitforex, and its price is growing fast every day.

According to the company’s page, Alibabacoin’s Blockchain Fund technology “will use artificial intelligence techniques effective for image recognition to identify a person as accurately as possible and effectively use this technique to structure e-wallet payments and financial transactions.”

Cryptocurrency AlibabaCoin or ABBC has a market value of $ 1.9 million and is traded at 71 cents, according to CoinMarketCap. On October 18, 2018, the coin hit a record high of $ 1.63 .

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Vertex Invests In Cryptocurrency Exchange Binance For Expansion In Singapore

Vertex Ventures, owned by a state-owned investment company, has announced investments in the largest crypto-exchange Binance to facilitate its expansion in Singapore.

Vertex Ventures is a subsidiary of the Singapore state investment company Temasek Holdings. The company was founded in 2015 as a global network of investor operators who manage portfolios in the US, China, Israel, India and Southeast Asia. The company focuses on early investments and currently has assets under management of about $ 2.5 billion.

According to the release, the investment is a joint effort of Vertex Ventures China and Vertex Ventures in Southeast Asia and India and aims to support Binance in the development of cryptocurrency exchanges in Singapore as well as other crypto-services across South Asia. Binance initially announced its plans to establish a crypto-Fiat exchange in Singapore in September.

Commenting on Binance’s plans to enter the Southeast Asian market, Wei Zhou, chief financial officer of the crypto-exchange, explained: “we are moving forward to create a blockchain ecosystem and work with all stakeholders in Singapore to support ongoing innovation in the local FINTECH space.” Binance operations in Singapore comply with customer registration (KYC) and anti-money laundering (AML) regulations.

Earlier this month, Binance announced the launch of its crypto-Fiat exchanger in Uganda. Wei said the country’s first cryptocurrency exchange will help to maintain sustainable economic stability in Africa, noting that “the company plans to attract more innovation to the region.”

This month, Binance also collaborated with data provider and research firm Chainalysis to improve detection of suspicious transactions. Chainalysis will be expected to facilitate the process of customer registration compliance (KYC) and counter-terrorism (AML) programs by using real-time account monitoring to track the origin of each transaction made on the Binance platform.

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SEC Suspends Trading In The Securities Due To False Claims

SEC suspended trading in American Retail Group securities this morning, as a result of allegations that the company made false statements related to the cryptocurrency, including that it cooperated with a digital asset provider.

The Agency’s accompanying statement mentions two press releases dated August 2018 from a Nevada-based firm in which the company stated that its cryptocurrency products would be offered “in accordance with SEC rules” and that the token sale “is officially registered in accordance with SEC requirements.”

This happens after the SEC and the Commodity Futures Trading Commission (CFTC) expressed concern about the fact that more and more companies make fraudulent claims against organizations.

The SEC may suspend trading in shares for 10 days or until the reporting requirements are met, in accordance with Federal law.

While many believe that volatility and vulnerability to hacking are the main concerns regarding cryptocurrency trading , false claims about regulatory organizations seem to be becoming a growing trend. Earlier this month, the CFTC charged the two men for actually impersonating regulators and forging documents in an attempt to Scam investors.

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Quidax Fixes The Attention Of Nigerians On Cryptocurrencies

Quidax, a European cryptocurrency exchange company, said it is in Nigeria to educate and raise awareness of cryptocurrency and blockchain in Nigeria.

In a presentation at the Abuja Blockchain and Artificial Intelligence Roundtable (ABAR), Buchi Okoro, CEO of Quidax, urged investors to take advantage of the benefits offered by the advent of cryptocurrency and the importance of understanding it, stressing that “it is the currency of the future.”

The head of Quidax said that the company was created to enable people to easily buy and sell cryptocurrencies with local currencies in order to provide liquidity and tools to enable cross-border transfers to and from emerging markets.

Buchi further stated that one of the company’s goals is to increase understanding of cryptocurrencies and blockchain in Nigeria.

He said: “we are proud to work with the organizers of the Abuja Blockchain and Artificial Intelligence Roundtable and will continue to develop and seek new partnerships that will enhance understanding of cryptocurrency and blockchain in Nigeria.”

Buchi also stated that there is a need for regulations aimed at ensuring sanity and protecting the public at large, but in the absence of this, Quidax is taking steps as a responsible corporate citizen to protect its users and raise awareness about cryptocurrencies.

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National Bank Of Canada & CGI Launching Blockchain-Based Platform For Trade Financing

The national Bank of Canada has teamed up with technology giant CGI to pilot a blockchain platform for negotiating stand-by letters of credit and guarantees.

The pilot project is designed to simplify the process of negotiating complex conditional agreements used by banks to secure financial transactions that are currently conducted via e-mail, often resulting in errors and delays.

CGI has integrated their trading platform to Finance with the technology of the blockchain download Skechain. This allows the National Bank of Canada to offer its clients trade Finance services in digital form, initiating and completing negotiations on stand-by letters of credit and fully guaranteeing smart contracts.

This end-to-end process with the support of the blockchain will improve processing time and reduce the risks, say the partners. Using pre-approved Bank templates and distributed Ledger negotiations, the platform automates the coordination required to issue a stand-by letter of credit or guarantee.

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Bitprime Extends The Use Of The Crypto Systems In New Zealand

BitPrime, New Zealand’s leading cryptocurrency retailer, recently listed Kin (KIN), SmartCash (SMART) and Elastos (ELA) in response to consumer demand and increased the availability of cryptocurrencies in New Zealand. Adding these coins to the company’s reserves also helps to increase liquidity in the country and develop relations.

Kin (KIN), derived from the word “kinship,” is a cryptocurrency aimed at “bringing people together in a new common economy and will serve as the basis for a decentralized ecosystem of digital services.” The initial selling tokens KIN in September 2017 has collected almost 150 million New Zealand dollars from more than 10 000 people, covering 117 countries.

SmartCash is a blockchain platform focused on community management and cooperation in the field of decentralized economy. Last week, SmartCash tweeted that they are “very excited about the new NZD/SMART Fiat gateway, which offers new Zealanders an easy way to buy SmartCash.”

Elastos (ELA) aims to build the Internet of the future using blockchain technology. The platform focuses on data ownership, scalability and digital assets. “Smartweb is a network of applications and DApps. We’re building an operating system for Smartweb,” says Chen Rong, founder of Elastos.

Currently, serving more than 9,000 kiwis. BitPrime focuses on training and supporting its customers to understand crypto and the underlying blockchain technology. BitPrime is a registered financial services provider using robust identity verification processes and anti-fraud measures.

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Abu Dhabi And Belgium Ports Have Partnered On A Pilot Blockchain Trading Project

Abu Dhabi Ports is working with a Belgian colleague to launch a pilot supply chain project on the blockchain, the company said in a press release.

Silsal, the so-called project, uses the electronic Blockchain ledger system to ensure full visibility of cargo and optimize trade flows and supply chains. If successful, the Silsal project plans to automate the exchange, identification and confirmation of cargo documents between the ports of Abu Dhabi and the Belgian port of Antwerp. Each stakeholder acts as a blockchain node that accesses and validates the supply chain in real time of the shipped goods.

In a pilot project to be conducted during the fourth quarter of this year, the Silsal project will conduct a proof-of-concept test in which It will process international documents in the port of Antwerp using blockchain technology. These documents are likely to be reviewed by all interested parties related to each other through secure communication through the e-Ledger. After confirmation, the record will be permanently stored in the block, which will remain available to network members-at any time and in any place.

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The Revival Of The Blockchain-Project Vulcano

Vulcano ($VULC), a cryptocurrency platform based on masternode and proof of stake, is back again after abandoning the original developers and is quickly turning into a business precedent.

With a strong focus on the community, the new Vulcano team intends to make the blockchain platform a community-based platform for promoting research rather than focusing on the “high coin rate.” Vulcano is committed to using DLT and distributed consensus to help contribute to fundraising to advance technologies based on earth Sciences such as geothermal energy.

To meet the current evolutionary trend in the crypto space, the former volcano core will be upgraded to Bulwark as a codebase.  Bulwark is built on PIVX, which itself is built on the popular DASH network.

This leap step gave Vulcano the ability to use features such as masternode and proof of stake to support the Vulcano ecosystem.

Earlier in August 2018, this new code was released, the exchange was conducted through exchanges, and the new packaged platform is now available for use by its users.

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Nem Foundation Launches Blockchain Hub In Australia

The NEM Foundation has created a center in Melbourne, where representatives of the company will support the development of the blockchain and cryptocurrency industry in Australia.

NEM Blockchain Hub will organize educational programs, blockchain events, as well as serve as a business incubator and support center for startups using the NEM network.

As the head of the NEM Foundation in Australia and New Zealand, Jian Chan (Jian Chan), the launch of the blockchain hub in Melbourne is an indicator of the company’s desire to expand its presence in the world. After opening the center in Australia, the NEM Foundation is present in more than 40 countries, he added.

Representatives of the local industry were enthusiastic about the opening of the NEM Blockchain Hub in Melbourne, noting that this will add diversity to the blockchains outside Bitcoin and Ethereum, as well as help to better understand their differences.

The NEM Foundation said that in addition to the existing and future joint projects with Australian startups, it is also planned to conduct several ICO on the basis of the NEM network.

Recall that this year the Australian government decided to allocate 700 thousand Australian dollars (more than $520 thousand) for the study of blockchain technology.

Australia has become a thriving blockchain ecosystem. Recently, it was reported that the country was implementing blockchain to allow for paperless insurance payments.

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Genesis Global Trading Has Lent Over $ 500 Million In Cryptoactives To Institutional Investors

One of the largest over-the-counter cryptocurrency dealers, Genesis Global Trading, reported that it has lent over $ 500 million in digital assets to institutional clients, including hedge funds and other financial institutions.

The New York based company began issuing cryptocurrency loans in March of this year and at the moment  its balance is $130 million on active loans denominated in BTC, ETH, XRP, BCH and other currencies. The company specified that the main purpose of borrowers, for which they take credit – a game to lower the prices of digital assets, as well as hedging investment positions.

The service has become so popular that the company had to borrow most of the funds from other major holders of cryptocurrencies. Executive Director of the company Michael Moro  said that since March the amount of loans was $553 million.

Some of the largest loans were made in Ethereum by hedge funds, which used these funds to play on lowering the price of the asset, Genesis clarifies. But since the beginning of the company’s activity, the rate of the second cryptocurrency fell by 80% and interest in the service weakened. As of September, only 4% of all credited funds fall on the ether, while the majority — on bitcoin.

Michael Moro also noted that the lion’s share of funds is used to hedge positions opened in December last year in the derivatives markets. According to him, Genesis takes money in debt at 5-7% and gives them to its customers at 10-11%. In the future, the company plans to publish quarterly reports on the flow of credit funds.

It is worth noting that Genesis in May this year received a special BitLicense for its activities from NYDFS.

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Deputy Governor Of The Bank Of Japan Downplays Cryptocurrency Plans

Masaesi Amamiya, Deputy Governor of the Bank of Japan, said on Saturday that it is not clear whether digital currencies can strengthen the monetary policy of Central banks. He said that the Bank of Japan does not plan to issue cryptocurrency.

Mr. Amamiya said that there is an “obstacle” for cryptocurrencies to overcome Fiat currencies, and pointed out that they are mostly used as a means to invest rather than for actual payments or settlements.  However, it is clear that this trend is changing as Ripple, a cryptocurrency in the global payment space, has announced high-profile partnerships with financial institutions such as PNC Bank, the top 10 us banks with over 8 million customers.

There are also many in the cryptocurrency community who are not surprised by the fact that many Central banks tend to downplay cryptocurrency, as it can disrupt the entire global payment and settlement sector, and as a result may be a direct threat to Central banks.

Despite these statements by respected Central bankers, there are other organizations that believe otherwise.  The world trade organization, which is widely regarded as the number one organization in terms of regulation of the international report, recently published a report in which digital assets and their potential are highly valued.

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The Japanese Government Is Working To Simplify The Filing Of Cryptocurrency Taxes

The Japan tax Commission is looking for ways to simplify the current system of filing tax returns for cryptocurrencies in order for investors to accurately indicate their income.

The Commission, which manages tax policy and advises the Prime Minister, held a meeting of the General Assembly on 17 October to discuss potential improvements to the process.

The Committee is reportedly planning a new system that would standardize the tax filing process and make it easier for taxpayers to calculate their profits on sales of digital assets against hard currencies and other cryptocurrencies.

Currently, the profit from the sale of cryptocurrencies in Japan falls under the category of “other income”. A sliding tax rate of 15 to 55 percent is applied, depending on the actual amount of profit above the threshold of 200,000 yen per year, or about $ 1,800.

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Bitgo Raised $15 Million From Goldman Sachs And Galaxy Digital Ventures

The provider of solutions for the storage of crypto assets BitGo Holdings reported that the investment Bank Goldman Sachs and owned by billionaire Mike Novogratz, Galaxy Digital Ventures invested $15 million in it, taking into account these funds as a result of the round of financing of the B series, the company attracted $58.5 million investment.

In total, the project received financial support for $70 million, which allowed it to expand the provision of storage services for more than 75 crypto assets – for more than $2 billion.

Founded in 2013, BitGo currently owns approximately $2 billion worth of customer assets, which are denominated in 95 different cryptocurrencies.

Recently, BitGo has received permission from the South Dakota banking Department to offer quality cryptocurrency storage.

However, it’s one thing to get the green light from regulators, but it’s quite another for BitGo to convince cautious institutions to trust them with their assets.

Meanwhile, BitGo should also prevent competition from legacy financial players who are starting to create blockchain products for their crypto-curious customers.

Moreover, Goldman Sachs itself is said to be working on a product to store cryptocurrency assets, although it is unclear when this product will be launched. Goldman previously announced that it was launching Bitcoin trading desk, although he later postponed these plans to focus on cryptocurrency storage.

 

 

 

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Brewdog Opens First Cryptocurrency Bar In Canary Wharf

Craft beer company BrewDog expands its network of bars with the launch of Canary Wharf.

It is the firm’s 10th bar in Aberdeen in London, the 38th in the UK and the 70th worldwide.

New places for BrewDog bars also include Ayr, Oban, Edinburgh Airport and North Berwick.

The new London Brewdog bar is the first to accept Bitcoin and Bitcoin Cash and join Clerkenwell, becoming a cashless bar.

The firm said it plans to expand non-cash and cryptocurrency payments through its fleet of global bars in the near future.

James Watt, co-founder of BrewDog, said: “Our Canary Wharf bar further strengthens London’s claim to become the new beer capital of the world.”

In the fifth round of crowdfunding, which ended this week, Ellon raised more than £26 million.

The company said it was “blown away by the support of more than 90,000 awesome beer crusaders ” who helped raise more than £ 65 million in total.

The brewery announced its first half of trading in August, showing total revenue of £ 78 million, which is 55% more than the same period last year.

The event, aimed at people interested in getting a franchise, is being held at headquarters next month.

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Accenture, Siam Commercial Bank Launched A Blockchain Solution

Dublin-based global professional services company Accenture,  a leading global professional services company providing a range of services & solutions in strategy, consulting, digital, technology & operations,  is working with FINTECH, a subsidiary of Siam Commercial Bank Digital Ventures, to jointly develop a blockchain-based service to streamline billing and payment processes. The solution, which was launched recently, helps companies buy and sell goods, manage payments and receive funding. It is built on the open-source R3 blockchain platform Corda and is claimed to be the first fully integrated platform for payment procedures on Corda.

Accenture is interested in the distributed ledger technology (DLT) during the last few years, accumulating experience in the development of blockchain solutions. The company has worked on the platform in collaboration with the Thai business conglomerate SCG, which manages the cement-related business-building materials, chemicals, packaging and investments. The procure-to-pay Digital Ventures blockchain platform already works and processes transactions with several SCG providers.

At the moment, based on the work in SCG, the parties came to the conclusion that the platform provides a higher degree of transparency and simplifies the processes in the procurement supply chain. The new system reduces the human factor and supports the integration of purchase orders and invoices between companies.

The platform can prevent fraud and save you the time it takes for funding of accounts.

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Ransomware Viruses Have Become More Popular Than Cryptojacking Among Cybercriminals

According to Malwarebytes, between the second and third quarter of 2018, the number of attacks on commercial companies by cybercriminals increased by 55%, with the most popular weapon in the hands of attackers became ransomware.

Methods of illegal earnings are surprising in their diversity. Malwarebytes notes that cybercriminals prefer to attack companies rather than consumers — the increase in the number of attacks on representatives of the latter group between Q2 and Q3 2018 was only 4%.

The main blow was taken by banks. In the third quarter saw the light of 40 new ways to carry out attacks. Hackers are even trying to embed Trojans in corporate networks in order to steal important information.

At the same time, Malwarebytes notes a decline in the popularity of crypto-mining: the number of disclosed cases of hidden remote mining decreased by 26% in the third quarter. cryptojacking remained the most popular method among cybercriminals during the first half of 2018. Then this danger was one of the main topics in the cryptocurrency community. Since that time, a lot has changed: browsers like Chrome began to actively fight against hidden mining, as well as a lot of guides for users to protect the latter from cryptojacking.

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Livejasmin And PumaPay United For Cryptocurrency Payments

LiveJasmin works with PumaPay to make PumaPay crypto-payment solution for all its websites, studios and affiliates.

LiveJasmin is an adult streaming website dedicated to quality in all its forms. On the other hand, PumaPay is a blockchain project that developed a payment infrastructure called the PullPayment Protocol.

The project allows periodic payments that were previously impossible with blockchains. Now users can pay for their subscriptions with cryptocurrencies and ensure their anonymity, while merchants can save on fees for card transactions and avoid chargebacks.

LiveJasmin has joined the PumaPay ecosystem, and among them are global brands such as Pornhub, Rent24, Vivid Entertainment and CCBill.

When it comes to payments, PumaPay seeks to regain control of their choices and transactions to customers, as they can cancel their subscriptions right from the PumaPay wallet app. In addition, the company’s goal is to make the PMA token a widely accepted method of payment and to meet the needs of merchants and customers.

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LINE Has Launched Its Own Cryptocurrency Named Link

The parent company of the famous Japanese LINE MESSENGER, LINE Corporation announces the release of its own token. In a press release released on Wednesday, October 17, LINE Corporation announced the release of its cryptocurrency token LINK (LN). In addition, it is available for trading exclusively on BitBox, LINE Corporation’s own cryptocurrency and digital asset trading platform.

In addition, LINK (LN) can be traded as a trading pair against well-known cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). This marks a significant step by LINE Corporation in the digital token industry.

In addition, to celebrate this step, messenger Corporation is hosting several events next month. One of the first performances will be the cooperation of LINE Corporation with Tron Foundation.

Users who own LINK (LN) will receive TRON (TRX) depending on their number. In addition, any users who have TRON (TRX) will also receive the corresponding amount of cryptocurrency.

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everiToken Committed To Revitalizing The Global Economy With Global Virtual Hackathon With Reference To The Blockchain

Launched on September 12, 2018, the everiToken TokenHacks Global virtual hackathon brings together startups, developers and entrepreneurs from around the world to compete for thousands of dollars in cash and tokens, creating innovative blockchain projects.

everiToken is the world’s first public chain adapted to tokens for the token economy and public market. The goal of the hackathon is to bring minds from around the world who are passionate about public blockchain and technology to come together and solve the challenge of implementing tokenization worldwide. Prizes include $20,000 USD + 20,000 EVTs (tokens) for the winning team.

The virtual hackathon is currently open for registration, with a number of webinars designed to guide participating teams (up to five team members) through technical issues. The demo versions are due on October 28, 2019 and the winners will be announced on November 2, 2019.

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BURST IQ & CONNETIX HEALTH Announce The First App To Record Personal Health Data On The Blockchain

BurstIQ and Connetix have teamed up to create the first blockchain-based application to record personal medical data. The set of products combines the blockchain platform to integrate BurstIQ and the health market with the next generation PHR (personal health record) technology of Connetix Health, mCharts. The partnership allows users to automatically collect and manage medical records.

Earlier this year, BurstIQ released its SDK platform and opened its developer community in a private beta program, and Connetix Health is one of the first companies to take advantage of its market-leading blockchain ecosystem. The Connetix Health PHR app, mCharts, allows users to automatically download records from medical providers to BurstIQ’s highly secure big data blockchain, BurstChain. The mCharts distributed application is a first of its kind solution that allows users to create and maintain a universal view of health status, providing sharing and monetization for the specific benefit of the user owning the data. Using the standard API of the BurstIQ platform, Connetix was able to integrate the mCharts application into the platform in less than two weeks.

In addition to integrating mCharts with BurstChain, the companies announced a joint marketing partnership allowing companies to sell a combined set of products to customers.

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IBM Is Testing A Cryptocurrency Pegged To The US Dollar

IBM on Tuesday said it is experimenting with a new cryptocurrency that is directly pegged to the US dollar, in an attempt to avoid price volatility associated with other digital currencies.

The tech giant is partnering with startup Stronghold to launch a “stablecoin” that will serve as a “tokenized representation” of the US dollar. Consumers will be able to exchange their dollars for Stronghold coins on a 1-to-1 basis, and all cash exchanged in transactions will be deposited in banks insured by the Federal Deposit insurance Corporation.

Jesse Lund, Vice President of global blockchain market development at IBM, stressed that a stable coin is a digital token that has low price volatility because it is tied to the underlying Fiat currency.

Leading cryptocurrencies such as Bitcoin and Ethereum are not regulated by any government or tied to any Federal currency. After unprecedented growth in 2017, bitcoin fell from a record high of over $ 19,000 last December to around $ 7,300 as of Tuesday amid growing government control and fraud concerns.

Lund said stable coins are a safer option than other cryptocurrencies because they are not so subject to exchange rate volatility or tied to an unregulated anonymous market.

A leader among companies looking for business applications for blockchain technology, IBM said on Tuesday it will collaborate with Columbia University in new York to launch a jointly managed Blockchain and transparency center.

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Apple Pioneer Steve Wozniak Has Become The Co-Founder of Blockchain Investment Firm

Steve Wozniak, a tech entrepreneur best known as Apple’s co-founder, joined EQUI Global, a venture capital Fund built using blockchain technology, as a co-founder.

In a post published by the company, Wozniak said he would be looking for technology companies to find the “technology stars” of the future. He also said that he regularly receives innovative offers, but for the first time after Apple he agreed to join the company. Wozniak added that, in his opinion, technology can modify and improve business. EQUI Global not only caught his attention, but also convinced HIM that it would turn out to be a “game changer.”

According to Wozniak, the team observe up to 20 different companies. Once the companies are shortlisted, they will be mentors of the EQUI Global Council of social entrepreneurs.

Wozniak also praised EQUI Global’s co-founders, Michelle Mone and Douglas Barrowman, for their history in supporting blockchain technology. Last year, Mone and Barrowman announced the development of $ 325 million Aston Plaza and residences in Dubai under the management of their private equity firm Aston Ventures. In February 2018, the pair successfully sold 50 apartments to Bitcoin users.

The pair then launched an ICO for EQUI Capital, but managed to raise only $ 7 million compared to the expected $ 80 million by the end of June 2018. Then the company abandoned ICO, changed its name to EQUI Global and became a partner of Apple’s co-founder.

Wozniak said he believes firms like EQUI will allow other companies to follow a new model based on blockchain technology.

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