Chinese Blockchain-Related Company Xunlei Reports $45.3 Million Q3 Revenue

Chinese desktop software and blockchain-related company Xunlei has published its Q3 report Wednesday, Nov. 14. According to the report, the firm’s revenue increased in 2018 after the introduction of blockchain services. The report notes that the company’s Q3 revenue reached $45.3 million, representing an increase of 1.1% year-over-year. The firm attributed $19.8 million of that…

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Crimea Considers Blockchain Center for Anonymous Foreign Investments to Avoid Sanctions

Crimean authorities are considering creating a blockchain-cluster that would support investment platforms allowing foreign investors to work in sanctioned countries anonymously, major state-operated Russian news agency TASS reported Nov. 16. Previously this week, the Permanent Representative of the Republic of Crimea under the President of the Russian Federation, Georgy Muradov, had already revealed the Crimean…

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Bitcoin Puzzle Artist’s Blockchain Gaming Startup Valued at $13 Million

One of the bitcoin community’s best-known artists is gearing up to launch a blockchain-powered video game aimed at mainstream audiences. Revealed exclusively to CoinDesk, Marguerite deCourcelle’s startup Blockade Games Inc. raised a $833,000 seed equity round the first week of November from investors including BlockTower Capital Partners and Horizon Digital, to put towards its flagship…

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Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

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Advertisement Twitter Facebook LinkedIn Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia. Known as BlocRice, the app uses distributed ledger technology to implement smart contracts where details such as the farm gate price of organic rice, trade volume and…

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South Korean University, Radio Broadcast Group Promote Blockchain-Academia Relationship

The Korea Radio Promotion Association (RAPA) and Jeju University have signed a Memorandum of Understanding (MoU) for blockchain-related industry and education in the Jeju area, Korean economic media outlet Seoul Economic Daily reports today, Nov. 16. RAPA, the company in charge of the communication between government and radio broadcasting businesses, and Jeju University, located in…

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Malta To Have First Gold Back Security Token

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Integration Vertalo and Securrency have announced a new partnership.  This will see Vertalo integrate token protocols developed by Securrency onto their platform. This platform integration will allow for Securrency to benefit from the cap table services, compliance oversight, and other offerings by Vertalo. One such offering will be open to those that issue their own…

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Blockchain Factory App to Tokenize $225 Million in Real Estate Assets

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Blockchain App Factory, a distributed ledger technology (DLT) focused firm that recently began working with security tokens, is reportedly managing three tokenized securities projects worth an estimated $225 million. Blockchain App’s management team said they’re helping three companies in the real estate sector to tokenize their assets - in order to raise funds for the…

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International Charity Oxfam Formally Launches Blockchain Rice Tracker in Cambodia

International charity Oxfam officially launched its BlocRice blockchain supply chain solution for Cambodian rice Nov. 15, Cambodian daily media outlet Khmer Times reports. BlocRice, which aims to use smart contracts to provide transparency and security between rice growers and purchasers in the Netherlands, has been under development and should expand to 5,000 farms by 2022,…

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As Crypto Prices Tumble, Mike Novogratz Pounds the Table on Real Estate Tokenization

Advertisement Twitter Facebook LinkedIn Bitcoin bull Mike Novogratz extolled the tokenization of real estate during this “crappy” crypto bear market, saying asset tokenization is an emerging trend. Novogratz, the founder of crypto investment bank Galaxy Digital Capital Management, said the cryptocurrency market is in a slump, but there are many exciting developments occurring below the surface.…

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Global Tokenization Solution Market 2018-2023: Topmost Manufacturers, Regions, Types, Major Drivers, Profits

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Tokenization Solution Market analysis report contains all systematic and geometric brief about market overview, growth, demand and forecast research with penetrating overview and solution in the complex world of Tokenization Solution industry. The Tokenization Solution Market to grow at important Compound Annual Growth Rate of 22% during the forecast period 2018-2025. Tokenization Solution Market Report Segmented by Regions: North…

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Nvidia Q3 Results Reveal ‘Crypto Hangover’ Due to Disappearance of Miner Sales

Nvidia released its earnings report for the third quarter (Q3) of 2018 today, Nov. 15, revealing that demand for Nvidia’s graphics processing units (GPUs) among crypto miners has dried up. In the financial results report, founder and CEO of Nvidia Jensen Huang said that the company’s “near-term results reflect excess channel inventory post the cryptocurrency…

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OmiseGo Partners With Singapore Ride Hailing App to Trial Blockchain Solutions

Ethereum-based payment platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered to research blockchain technology, according to a press release shared with Cointelegraph Nov. 14. MVL is the protocol behind popular Singapore ride hailing app TADA. MVL and OmiseGo will develop a Proof-of-Concept (PoC) to ascertain whether the decentralized OMG Network is suitable…

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Report: Application for Chinese Crypto Miner Canaan’s $400 Mln IPO Lapses

Cryptocurrency mining equipment producer Canaan’s Initial Public Offering (IPO) application has lapsed, Reuters reported Nov. 15. The offering was set to take place on the Hong Kong Stock Exchange (HKEX). Founded in 2013 in China, Canaan manufactures application-specific integrated circuits (ASICs) for digital currency mining. Canaan is the world’s second largest cryptocurrency hardware maker, collecting…

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Microsoft Releases Cloud-Based Azure Blockchain Development Kit

American software corporation Microsoft has released a serverless blockchain-powered Azure development kit, according to an announcement published Nov. 15. The new product dubbed the “Azure Blockchain Development Kit” purportedly improves the capabilities of Microsoft’s Azure Blockchain Workbench. It contains features like off-chain identity and data, monitoring, and messaging application programming interfaces (API) in a format…

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Utility VS Security Tokens

Various ways of doing business in the blockchain and cryptocurrency industry go in and out of fashion rather quickly, and such was the case with mega-popular ICOs in 2017. The explosion of ICO crowdfunding campaigns that were offering utility tokens brought us many shady and scammy, but also more than a few brilliant projects. One…

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Malaysian Lending Giant CIMB Joins Ripple’s Cross-Border Payment Network

Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (XRP) cross-border payments network RippleNet, Bloomberg reports Nov. 15. The $53.5 billion market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border payments, for its “SpeedSend” remittance product. As Bloomberg reports, CIMB’s product serves multiple Southeast Asian markets, including the Philippines,…

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Malaysian Banking Group CIMB Taps Ripple for Blockchain Remittances

Malaysian banking group CIMB has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border payments. A strategic partnership between the firms addresses the need for “speedy and cost-efficient international payments” across the ASEAN (Association of Southeast Asian Nations) region, Ripple said Wednesday. Specifically, Ripple’s blockchain-based solution has been deployed to expand CIMB’s existing proprietary remittance system, SpeedSend.…

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Major Russian Art Gallery Tretyakov Launches Blockchain-Based Art Patronage Project

The prestigious State Tretyakov Gallery in Moscow, Russia, is launching a blockchain-based art patronage scheme, Russian news agency TASS reports Nov. 15. The project, dubbed “My Tretyakov,” allows individuals or enterprises to make a private donation to contribute to the digitization of an item from the gallery’s collection, thereby become the artwork’s patron. The system,…

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Ripple Chief: Regulatory Clarity Will Drive Crypto, Blockchain Adoption

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Advertisement Twitter Facebook LinkedIn Commenting on the importance of regulation in the technology sector, Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to blockchain and cryptocurrency adoption. Garlinghouse made these remarks while talking to the Deputy General Counsel, Ross Leckow, of the International Monetary Fund (IMF) at the Singapore Fintech Festival. The topic of their…

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