Ethereum Co-Founder Joseph Lubin: Blockchain Can Benefit Artists, Journalists

Ethereum co-founder and ConsenSys creator Joseph Lubin said that blockchain technology and decentralization can benefit content creators and journalists. Lubin spoke about different industries that are benefitting from blockchain technology in a video on March 12. In the video, Lubin said that artists are “set to benefit quite dramatically” from blockchain, as it allows them…

Continue Reading

Decentralization First: Privacy Coin Monero Cuts Out ASIC Miners to Stay Independent

On March 9, Monero (XMR) network was successfully upgraded via a hard fork. The new code curbed application-specific integrated circuit (ASIC)-powered mining with a new proof-of-work (PoW) algorithm. Additionally, new dynamic block size algorithm and improved privacy — which is considered to be Monero’s key feature — were introduced. Once the ASIC miners were taken…

Continue Reading

New Blockchain ETF Co-Operator Elwood Plans Fresh Crypto Investment Options

United Kingdom-based asset management company Elwood Asset Management is looking to increase its cryptocurrency offerings after co-launching a blockchain exchange-traded fund (ETF), Bloomberg reported on March 12. Elwood, which is owned by billionaire Brevan Howard creator Alan Howard, partnered with Invesco to bring a blockchain ETF to market this week. Now, the company told reporters…

Continue Reading

Report: Thai SEC Approves Country’s First ICO Portal

Thailand’s securities regulator has approved the first initial coin offering (ICO) portal in the country,  local daily news outlet the Bangkok Post reported on March 12. The Thai Securities and Exchange Commission's (SEC) board of directors has reportedly authorized the first ICO portal that allows to screen ICOs, perform due diligence, confirm smart contract source…

Continue Reading

Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product

Binance-backed over-the-counter (OTC) desk Koi Trading has partnered with IdentityMind, a platform for online risk management, to develop an Anti-Money Laundering (AML) compliance-as-a-service product. The development was announced in a press release published on March 12. The parties have reportedly released an AML compliance-as-a-service product dubbed “Koi Compliance,” supporting digital currency and targeting money services…

Continue Reading

Major UK Energy Company Acquires Stake in Blockchain Firm Electron

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12. Kaluza —  an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment…

Continue Reading

Thirsty California May Be Wary of Blockchain Water Rights

Last week, Colorado lawmakers filed a bill exploring how blockchain technology could be applied to water rights management. Now, California is also studying blockchain for use in water rights management, as reported by Cointelegraph. But coming off a severe drought, which saw water restrictions throughout the state, they are facing a far different set of…

Continue Reading

Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform

Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance invoices by linking them with financiers to borrow money against invoices, using blockchain and artificial intelligence (AI),…

Continue Reading

German Gov’t Hearing Takes Regulators to Task for Lack of Legal Framework on Blockchain

German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty for applications of blockchain technology, representatives from the country’s Free Democratic Party (FDP) have argued. An FDP proposal, entitled “Creating a Sustainable Framework for Distributed Ledger Technology in the Financial Market,” was put forward during a…

Continue Reading

Overstock’s Medici Acquires Stake in Blockchain Banking Startup

  • Uncategorized

Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus. Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets. “The addition of Bankorus to Medici Ventures’ portfolio of companies will further…

Continue Reading

Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform

Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11. Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking platform that enables both individuals and institutions to buy, sell, lend and store digital assets. Jonathan…

Continue Reading

EU Report Calls for Blockchain Interoperability Standards

A recent report to the European Union made recommendations on how to better develop blockchain technology, including the introduction of interoperability and scalability standards. The report was published by the European Union Blockchain Observatory and Forum on March 6. The report dubbed “Scalability, Interoperability And Sustainability of Blockchains” was prepared by blockchain tech firm ConsenSys…

Continue Reading

German Blockchain Strategy Should Include Framework for Crypto Trading, Say Politicians

German parliamentary speakers have argued that the country’s blockchain strategy should include an appropriate legal framework for cryptocurrency trading and token issuance that would encourage the sector’s domestic development. The suggestion was put forward by the Union parties’ finance spokesperson Antje Tillmann and her colleague Matthias Hauer at a public hearing initiated by the Bundestag’s…

Continue Reading
Close Menu