Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain

Multinational metal and oil mining giant BHP has successfully tested blockchain in a conjoint experiment with Japanese shipping company NYK, shipping news magazine Dry Bulk reports Tuesday, Feb. 5. Sustainable biofuel company GoodFuels provided its product for the experiment, while BLOC — a developer of blockchain applications for the maritime industry — built the decentralized…

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Japan Megabanks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies

Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual efforts. They thus saw no need to continue, according to the…

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Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup

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Social media mogul Facebook has made an advance in its blockchain effort by hiring a blockchain startup specializing in smart contracts and facilitating payments.  Facebook ‘Acqui-Hires’ Chainspace According to financial media Cheddar, Facebook has hired a small blockchain company called Chainspace. In Silicon Valley, this move is referred to as an “acqui-hire” and according to the report, four…

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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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Facebook Beefs Up Its Blockchain Efforts With Startup Hires

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Social media giant Facebook is growing its blockchain efforts by hiring staffers from Chainspace, the startup behind a smart contracts platform. The news of the hires – first reported by Cheddar – demonstrates that the social media company is moving ahead with its blockchain ambitions, which were first revealed last May with the announcement of a…

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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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Kraken Buys UK Exchange Crypto Facilities for at Least $100 Million

United States cryptocurrency exchange Kraken has acquired United Kingdom-based cryptocurrency exchange and futures provider Crypto Facilities, the company confirmed in a press release Feb. 4. Crypto Facilities, which began operating in 2015, is fully regulated by the U.K.’s Financial Conduct Authority, giving Kraken a major foothold in the European market. The parties declined to reveal…

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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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