Report: Facebook Acquires Blockchain Startup in Apparent First

Social media network Facebook has reportedly acquired Chainspace in its first apparent blockchain-related acquisition, Cheddar reports on Feb. 4. Sources purportedly told Cheddar that Facebook acquired Chainspace, a small blockchain startup, in an ‘acquihire,’ or an acquisition of a company made primarily for the skills or expertise of its staff, rather than the service or…

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Breaking: Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s secretive crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Facebook Acqui-hires Chainspace Researchers Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website…

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Crypto Valley Assoc. Pres.: Switzerland Must Be ‘Open and Easy’ for Blockchain Investors

The recently elected president of the Swiss Crypto Valley Association (CVA), Daniel Haudenschild, declared that the crypto bear market has damaged Switzerland’s position as a global blockchain hub. Haudenschild made his comments in an interview with major local media outlet Swissinfo, Feb. 4. Haudenschild officially took office as the president of the CVA on Jan.…

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Blockchain’s Main Strengths Are Transparency and Instantaneity: HSBC Exec

Transparency and instantaneity are the main strengths of blockchain technology, an HSBC executive claimed in an interview with French business and tech journal L'Usine Digitale, Feb. 4. Béatrice Collot, Head of Global Trade and Receivable Finance at multinational banking giant HSBC, described the role of emerging technologies, such as artificial intelligence (AI), the Internet of…

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Blockchain Firm HashCash Partners With ‘Prominent’ Australian Gaming Company

Blockchain company HashCash Consultants has announced a partnership with an undisclosed Australian video games developer to roll out its white label crypto exchange and tokenization services for the gaming industry. The development was announced in a HashCash press release Feb. 4. HashCash is a blockchain firm focused on providing “white label” blockchain solutions for the…

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From Ponzi Schemes to ICO Exits, Ethereum’s Blockchain Has Been the Platform of Choice for Scammers

According to a recent report from crypto analytics specialists Chainalysis, Ethereum (ETH) has become the crypto platform of choice for scam artists. Its research suggests that 2018 saw far more sophisticated, higher-earning scams carried out using ETH, although the actual number of these crimes dropped significantly year on year. The amount stolen through ETH-based scams…

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Tencent Survey Reveals Chinese Economists Divided on Future of Blockchain, Crypto

China’s economics experts fail to agree on the future of blockchain and digital currency, according to a survey from internet giant Tencent, cited by local news outlet Jiemian Feb. 1. Sent to 100 chief economists from banks, research institutions and universities, the survey was reportedly conducted by Tencent’s Financial Science and Technology Think Tank. Participants…

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‘Blockchain’ Being Used by London Rail Company to ‘Incentivize Changes in Passenger Behavior’

DOVU, a startup from London with goals of becoming the world’s leading marketplace for transport data, has reportedly commenced a working relationship with rail company Go-Ahead.  The working relationship has some serious investment interests behind it. DOVU launched two years ago and is backed by both Jaguar Land Rover’s InMotion Ventures and U.K. government-backed fund Creative England.…

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Swiss Cybersecurity Firm Opens Blockchain Center in Geneva

Switzerland-based blockchain and cybersecurity firm WISeKey has opened a Blockchain Center of Excellence in Geneva, according to an announcement on Feb. 1. WISeKey focuses on secure authentication and identification using a cryptographic tool called Root of Trust. The company is increasingly incorporating Internet of Things (IoT) and blockchain technology into its operations and portfolio. The…

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CEO of Telecoms Giant Swisscom’s Blockchain Unit Steps Down

The CEO of the blockchain advisory unit of Swiss state-owned telecommunications company Swisscom has unexpectedly left the firm, according to a press release on Swisscom’s website, Jan. 30. As major local news outlet Swissinfo reported the same day, news of Daniel Haudenschild’s reportedly sudden departure from Swisscom Blockchain came just a day before the executive…

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Seoul City Gov’t Launches ‘Blockchain Governance Team’ for State Services

The Seoul Metropolitan Government has launched the Seoul Blockchain Governance Team to explore the benefits of blockchain in administrative services, Yonhap News reports Jan. 31. According to the report, the members of the team are researching the potential of blockchain applications in various government services, including online voting system. Specifically, the working group intends to…

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Global Pharma Giant Merck Wins US Blockchain, AI Patent for Product Authenticity

Merck, the world’s oldest operating pharmaceutical firm, has won a blockchain patent from the United States Patent and Trademark Office (USPTO), Cointelegraph auf Deutsch reported Jan. 30 The German multinational has developed a system that uses a combination of Artificial Intelligence (AI) and blockchain tech to establish the authenticity of unique physical objects. As Merck…

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Italian Postal Service Joins Hyperledger Blockchain Community

The Italian postal service provider, Poste Italiane, has joined the Hyperledger blockchain community, Cointelegraph Italia reported on Jan. 29. Hyperledger is a collaborative project led by the Linux Foundation which aims to create open-source standards for blockchain and Distributed Ledger Technology (DLT). It includes several industry leaders, including American Express, Cisco, Intel , JPMorgan, Deloitte…

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London-based Project Uses Microsoft Architecture to Make Blockchain Easier for Developers

On Dec. 19, the London-based company Stratis revealed to the public its project that includes sidechains, smart contracts, an ICO and STO platform, and distributed ledger technology (DLT), which simplifies transaction processing. The technology leverages the recently released Stratis C# Full Node, the company’s innovative software, whose codebase is built on the Microsoft .NET Core…

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