ETCDEV CEASED ITS OPERATIONS DUE TO FUNDING PROBLEMS

The leading Ethereum Classic development company with a focus on decentralized computing, providing long-term support for ETCDEV’s blockchain ETC, closed this Monday. This was written on Twitter by its founder and technical Director Igor Artamonov. Artamonov confirmed that the project has experienced problems with funding in recent weeks.

Artamonov said:

“As is publicly known we have struggled with funding our operation in the last few weeks. This was partially due to the market crash, combined with a cash crunch in the company.

We appealed to investors in the ecosystem as well as external to it. We also did the community fund, but in none of these cases were we successful in securing short-term financing.”

Onits account ETCDEV has such projects as the Classic Geth client, operating since the DAO fork (that is, since the founding of the cryptocurrency), the Emerald developer platform, which allows you quickly and easily move from creating mobile and web applications for developing decentralized applications, the popular Emerald Wallet and the implementation of the Ethereum virtual machine called SputnikVM.

It is worth noting that ETCDEV was the main, but not the only team of Ethereum Classic developers, IOHK Grothendieck still continues the support of cryptocurrency.

In conclusion, Artamonov thanked the developers who worked with him and other people who supported the project for two and a half years.

Ethereum Classic is down along with the wider cryptocurrency market this Tuesday and has lost about 4.5% of its value in the last 24 hours.

The post ETCDEV CEASED ITS OPERATIONS DUE TO FUNDING PROBLEMS appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/etcdev-ceased-operations-due-funding-problems/
via Bitcoin News
via Bitcoin News Today

ASTANA IS IMPLEMENTING A BLOCKCHAIN IN THE SYSTEM OF INFRASTRUCTURE PROJECTS FINANCING

Astana office for Investment and Entrepreneurship Development has signed a Memorandum of understanding and partnership with the non-profit South Korean organization Mile Unity Foundation, which will promote the introduction of the MILE blockchain into the system of private capital distribution in Astana infrastructure projects.

A Memorandum of understanding and partnership was signed by the head of Astana Investment and Entrepreneurship Development Department Alisher Abdykadyrov and a representative of the Mile Unity Foundation Global Ambassador George Goognin, who had earlier participated in the meetings with the country’s high ranking officials.

According to the signed Memorandum, the implemented blockchain system will create a safe and transparent system for financing investment projects, and the organization Mile Unity will provide support to the country’s relevant government agencies in the blockchain technologies implementation.

Mile Unity Foundation also signed a Memorandum of understanding and partnership with the startup accelerator Astana Hub, according to which the South Korean organization will help to implement the blockchain in the system of grants to startups.

Also this month it became known that cyber security specialists from Israel will help to create an infrastructure for secure financial transactions in the international financial center “Astana”, with the use of blockchain technologies.

In April, the information appeared that the Ministry of Finance of Kazakhstan together with the specialists of IBM and PwC is developing a blockchain-based system for control and monitoring of tax deductions in March.

The post ASTANA IS IMPLEMENTING A BLOCKCHAIN IN THE SYSTEM OF INFRASTRUCTURE PROJECTS FINANCING appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/astana-implementing-blockchain-system-infrastructure-projects-financing/
via Bitcoin News
via Bitcoin News Today

HUAWEI CLOUD LAUNCHES GLOBAL BLOCKCHAIN SERVICE FOR DEVELOPERS

The cloud development department of the Chinese Corporation Huawei has launched a blockchain service for the decentralized applications development. The new platform is capable for implementing a variety of scenarios, including identity verification, food supply tracking, telemedicine services and IoT device management.

The platform makes it cheaper and faster to create, deploy and manage decentralized applications within the Huawei Cloud service. As noted in the report, BCS is the next stage before the release of the global blockchain platform.

Huawei claims that BCS can be used in most industries, including the Internet of things (IoT), data storage, and financial services. BCS can perform a broad range of scenarios, including the verification of identity, monitoring of the food supply, telemedicine, transaction data management of IoT devices, data verification and the “Internet of vehicles” (IoV).

BCS will provide easy switching between nodes and high throughput – more than 5 thousand transactions per second. Another advantage is – reduced network administration costs, as well as security and privacy options, including multi-level encryption and the ability to “isolate” the user.

In November, the Chinese Financial Blockchain Shenzhen Consortium (FISCO), managed by Huawei and technology giant Tencent, introduced the FISCO BCOS blockchain network.

In addition, in the spring Huawei patented a blockchain-based solution to protect the copyright of digital content.

The post HUAWEI CLOUD LAUNCHES GLOBAL BLOCKCHAIN SERVICE FOR DEVELOPERS appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/huawei-cloud-launches-global-blockchain-service-developers/
via Bitcoin News
via Bitcoin News Today

ADVERTISING OF CRYPTO-EXCHANGE HUOBI WILL BE PLACED ON AMERICAN BILLBOARDS

The exclusive partner of the crypto-exchange Huobi in the USA, HBUS has implemented the first of its kind advertising campaign on billboards on the topic of cryptocurrency trading.

The first US advertising campaign of this kind on billboards, called “ADVANCED CRYPTOCURRENCY TRADING” will be held in San Francisco, near the main office of the US crypto-exchange Coinbase. The Director of communications noted that “inspiration came from Wall Street”, whose residents “very slowly go” to the crypto market:

“We wanted to show that there was a real crypto-revolution, as well as an evolution that gives people much more opportunities to access an ever-expanding ecosystem of digital currencies, as well as products and services that can be paid with digital currencies.”

The company’s communications Director also noted that the company is preparing for rapid growth and has already attracted talents from such organizations as Intuit and Google.

However, this is not the brightest marketing company in the blockchain industry this year. For example, in June, at the request of the crypto-exchange and cryptocurrency wallet provider Eidoo, the world’s first sculpture dedicated to cryptocurrencies was installed, in London, on the observation deck on the South Bank of the Thames.

 

The post ADVERTISING OF CRYPTO-EXCHANGE HUOBI WILL BE PLACED ON AMERICAN BILLBOARDS appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/advertising-crypto-exchange-huobi-will-placed-american-billboards/
via Bitcoin News
via Bitcoin News Today

FRENCH AUCHAN USES BLOCKCHAIN TO CONTROL THE QUALITY OF PRODUCTS

The largest French retailer Auchan began implementing blockchain solutions to optimize product monitoring in several countries, including France, after successful testing in Vietnam.

Unlike its direct competitor, the French company Carrefour, which joined the blockchain platform IBM Food Trust, Auchan retailer has entered into a partnership agreement with the German startup Te-Food.

The press release of the company reported:

“Consumers will also have access to information on all stages of the product life cycle, from the seed to the plate. Our joint development ensures product safety.”

Representatives of the company explained that the blockchain is used by all participants in the supply chain at different stages of the product life cycle and the final user can monitor this information by scanning a QR code.

After successful testing in the Vietnamese Ho Chi Minh city, the company decided to deploy the system in several countries, including France, Portugal, Spain, Italy and Senegal. In France, in particular, the blockchain will initially be used to track organic carrots and other foods like potatoes and chicken:

Also at the end of September, the world’s largest retail network Walmart notified leafy greens manufacturers about the need to integrate IBM Food Trust technology to organize end-to-end two-stage product tracking, and in the spring the Chinese giant JD.com announced the introduction of blockchain technology in tracking beef imports.

The post FRENCH AUCHAN USES BLOCKCHAIN TO CONTROL THE QUALITY OF PRODUCTS appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/french-auchan-uses-blockchain-control-quality-products/
via Bitcoin News
via Bitcoin News Today

BITMAIN HAS LAUNCHED A CRYPTOCURRENCY INDEX

Yesterday, the Chinese mining giant Bitmain launched a new index that tracks the performance of the “largest and most liquid” cryptocurrencies.

The new cryptocurrency index from Bitmain mining company publishes two types of prices: the current spot price – every second updated price and the daily reference price, which is published once a day around 10: 00 am at Hong Kong time (UTC +8). In addition to the index, which shows the prices of the 17 largest cryptocurrencies in terms of market capitalization, a combined index Bitmain Big 10 (BLC10) will also be available. The “big ten” includes cryptocurrencies that make up more than 90% of the total market volume.

Bitmain argues that the new index is a transparent and relevant benchmark for institutional and retail investors. The index uses data from a number of cryptocurrency exchanges including Bitfinex, Binance, Bitstamp, Bittrex, GDAX, Gemini, Huobi, Itbit, Kraken, OKEX and Poloniex. The company emphasizes that exchanges are chosen based on various factors such as reputation, price transparency, level of compliance, stability and trading volume.

Bitmain clarifies that if one of the blockchains splits (in the case of a fork), its further positioning in the list will be evaluated within 10 days on a set of known criteria. The list of cryptocurrencies included in the index will be updated monthly.

We remind you that a fresh study of Bitcoin fundamental characteristics indicates the first cryptocurrency position strengthening, despite the dramatic collapse of its value in 2018. For example, data shows that the number of bitcoin wallet users has continued to grow over the past two years.

 

The post BITMAIN HAS LAUNCHED A CRYPTOCURRENCY INDEX appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/bitmain-launched-cryptocurrency-index/
via Bitcoin News
via Bitcoin News Today

G20: WE ARE GOING TO REGULATE CRYPTOCURRENCIES ACCORDING TO FATF STANDARD

At the summit of G20 “the Big Twenty” countries have come to a decision about the need to regulate digital assets in accordance with the standards of the Group of development of financial measures of struggle against money-laundering (Financial Action Task Force).

On Saturday, the joint final declaration was officially signed by all G20 member countries. The document notes that, given the rapid pace of “digitalization “of the global economy, it is necessary to reform the regulatory approach taking into account cryptocurrencies or” crypto-assets”, as they are mentioned in the document.

Section 25 of the official declaration states:

“We will regulate crypto assets to combat money laundering and terrorist financing in accordance with FATF standards.”

Earlier, in the summer of 2018, the group of financial measures to combat money laundering and terrorist financing (FATF) informed the participating countries about the main risks and negative trends of the cryptocurrency industry, referring to the use of cryptocurrencies by organized crime in the framework of drug turnover, the growth of hidden mining, as well as the anonymous cryptocurrencies use in cyber-attacks.

Recall, in October, the Russia President Representative of the digital development Dmitry Peskov also said that the regulation of the cryptocurrency industry in Russia will be carried out jointly with FATF.

The post G20: WE ARE GOING TO REGULATE CRYPTOCURRENCIES ACCORDING TO FATF STANDARD appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/g20-we-are-going-to-regulate-cryptocurrencies-according-to-fatf-standard/
via Bitcoin News
via Bitcoin News Today