BaseCore, a US-based blockchain project, reveals a new security token concept which allows investing in private IT companies, like Uber, AirBnB and Grab, among others. According to the project’s whitepaper, the BaseCore token is backed by a portfolio containing the assets of private IT companies. These assets are impossible to purchase on the stock market,…
On November 2, details of a crypto lawsuit featuring major industry players: Bitcoin Foundation founder Charlie Shrem on one side, and the Winklevoss twins on the other, were made public. The case alleges that Shrem “stole” around 5,000 Bitcoin (BTC) from Tyler and Cameron Winklevoss in 2012. Brief introduction to both sides of the conflict…
The Thai Revenue Department has revealed its plans to track tax payments using blockchain and maсhine learning, local news outlet Bangkok Post reported Nov. 5. Ekniti Nitithanprapas, the Revenue Department’s director-general, told reporters that blockchain will be used to verify the validity of taxes paid and to speed up the tax refund process. Machine learning,…
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Cybersecurity experts say they have found potentially incriminating evidence against the hackers of Japanese crypto exchange Zaif, according to an official statement today, Nov. 5. The experts are from Japan Digital Design Co. (JDD), a subsidiary of bank holding giant Mitsubishi UFJ Financial Group (MUFG). As previously reported, as a result of a security breach…
AMD, a California-based semiconductor manufacturer, has evidently partnered with seven major tech companies to produce eight new cryptocurrency mining rigs, according to AMD’s official website as of today, Nov. 5. As per the list of newly-released miners on AMD’s site under the title “AMD and Blockchain Technology,” the firm has partnered with Sapphire, ASROCK, ASUS,…
Former U.S. federal prosecutor and current cryptocurrency VC executive Kathryn Haun recently took part in a debate on crypto with Nobel-prize winning economist Paul Krugman, posted on YouTube by crypto venture capital firm Andreessen Horowitz (a16z) Nov. 2. The debate, hosted by Mexican tech company KIO Networks and moderated by local business journalist Rodrigo Pacheco,…
Advertisement Twitter Facebook LinkedIn LXDX, the high-speed cryptocurrency exchange founded by a former SpaceX engineer, has announced that it will issue stock through a security token offering (STO). Institutional Crypto Exchange to Issue Stock on the Blockchain CCN can exclusively report that LXDX, which was co-founded by former SpaceX engineer Joshua Greenwald, will become one…
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The StartEngine Summit entitled “Tokenizing the World” took place in Santa Monica during LA Blockchain week this October. StartEngine, one of the largest investment crowdfunding platforms in the US, focused most of the conference on the future of crypto and securities issued on the blockchain. As most people engaged in the initial coin offering (ICO) world…
On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and Alibaba. However, that does not mean that BofA is…
Advertisement Twitter Facebook LinkedIn Blockchain testing and research company Whiteblock Inc. has released a damning verdict on EOS, describing it as a “distributed homogeneous database” masquerading as a blockchain. In a report titled “EOS: An Architectural, Performance and Economic Analysis,” the company dissects several aspects of the EOS protocol and comes to the conclusion that…
Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Nov. 1. In the patent, IBM, also known as Big Blue,…
The Global Tokenization Solution Market 2018-2023 maintains a high growth which has been encouraged by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over last decades. The Tokenization Solution Market report is designed to integrate qualitative and quantitative features of the industry regarding each of the regions and…
The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4. The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by…
Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies.Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on the information systems and registries of the Ministry of Justice.Azerbaijan Government Eyes Blockchain Application on Notaries, Courts, Penitentiaries, NGOs, RegistriesThe Azerbaijani Internet Forum is preparing efforts for…
Advertisement Twitter Facebook LinkedIn Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding…
Advertisement Twitter Facebook LinkedIn Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding…
This week, two major news within the precious metals industry broke. First, the world’s largest diamond company, Russia’s Alrosa, joined a blockchain project aimed at increasing transparency. Secondly, the world’s largest bank, JPMorgan, reportedly started to use its blockchain to tokenize gold. Indeed, blockchain has been pioneering both gold and diamond industries — complex ecosystems…
The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov. 2. Speaking at a press conference on the increase of the household debt load, Chairman Anatoly Aksakov expressed his…
Nov. 2: Cryptocurrency markets have continued trading slightly in the green today, remaining relatively quiet with moderate gains throughout the top 20 coins. Most of the top 100 digital currencies have experienced humble gains over the past 24 hours. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is up only 0.06 percent on the…
Israel-based projects have raised over $600 million through Initial Coin Offerings (ICOs) as of the third quarter (Q3) of 2018, according to report by cryptocurrency analytics firm One Alpha released Nov. 2. Per the research, 140 blockchain-focused companies in Israel have attracted $1.3 billion in investment, wherein more than 60 percent of companies and 88…
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Proof of work and proof of stakeShutterstock The core purpose of a consensus mechanism is always the same: it is there to provide proof of something, to ensure that all network nodes can agree on the true and valid state of the blockchain. This is how malicious attacks on the network are avoided. Without it,…
Planetary Resources launched its latest satellite, Arkyd-6, in January, but by then the company was in financial difficulties when it failed to close a funding round. WASHINGTON — Planetary Resources Inc., once a high-flying company backed by billionaires with aspirations to mine asteroids, only to later suffer funding problems, has been acquired by a blockchain…