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Japanese Multinational Fujitsu Unveil Blockchain-Based Digital Identity Solution

July 5, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Fujitsu, a Japanese multinational information technology company, has announced the launch of its blockchain-based service that facilitates secure and frictionless identity verification, according to a ZDNet report on July 5, 2019. Fujitsu Real-Time Identity Verification Per sources close to the matter, Fujitsu Laboratories Ltd. has announced the launch of its...

Australian Bank Completes Blockchain-Based Logistics Trial to Send Almond Shipment to Germany

Australian Banks Set to Trial IBM’s Blockchain Platform for Retail Financing

July 5, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

The three largest banks in Australia, Commonwealth Bank of Australia, New Zealand Banking Group Ltd. and, Westpac Banking Corp are partnering with Scentre, a Westfield mall owner, to test IBM's new blockchain-based bank guarantee platform for processing retail financing, reports Reuters on July 4, 2019. Australia's Biggest Banks to Trial...

Ripple’s Incubation Arm Invests $500 Million in XRP-Based Projects

July 4, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Xpring, the incubation and investment arm of Ripple, the distributed ledger technology (DLT) project in charge of the XRP altcoin, has hinted that it has invested $500 million in over 20 startups. Each of the small businesses is using Ripple’s platforms and products to grow the decentralized ecosystem, reports Finance...

Cuba Looking to Circumvent U.S. Sanctions with Cryptocurrency

July 4, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

In a bid to find out the best possible ways to effectively weather America's severe economic sanctions, the Cuban government has begun studying cryptocurrency in collaboration with blockchain experts and academics, according to a Reuters report on July 3, 2019. Cuba May Launch Own Cryptocurrency Per sources close to the...

Ontology fitting Opera into its box blockchain blue

Ontology Partners with Opera to Grow the Blockchain DeFi Ecosystem

July 3, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Ontology (ONT), a distributed ledger technology (DLT) project that claims to be focused on building a high-performance public blockchain and a distributed trust collaboration platform, has joined forces with Opera web browser, to facilitate the growth of decentralized finance (DeFi) and decentralized applications (dApps), according to a Medium blog post...

Magnifying Glass Cracking the Libra Coin

Cybercriminals Impersonate Facebook’s Libra and Calbra Wallet

July 2, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

A research report by Digital Shadows, a data security company has revealed that "cryptothieves" have launched over 100 phony websites to impersonate Libra, Facebook's cryptocurrency and Calibra, Libra's digital wallet, in a bid to defraud gullible and unsuspecting victims reports Independent on July 1, 2019. Facebook's Launch of Libra's Whitepaper...

Dutch Authorities Set to Draft Stricter Anti-Money Laundering Laws

July 2, 2019 by Ogwu Osaemezu Emmanuel at Regulation

In a bid to make it harder for drug traffickers, fraudsters, and other bad actors to launder money both in the form of cryptocurrency and fiat, the Netherlands’ Minister of Finance, Wopke Hoekstra, and Minister of Justice, Joseph Grapperhaus, have submitted new anti-money laundering (AML) proposals to the nation’s Lower...

CEO of Blockchain Startup Acquires U.S.-Based Bank

July 2, 2019 by Ogwu Osaemezu Emmanuel at Business

Jeffrey Berns, a 56-year-old consumer protection lawyer, cryptocurrency millionaire and CEO of Blockchains LLC, a distributed ledger technology (DLT) firm created in 2017, has purchased Kirkwood Bank of Nevada for $28 million. The move is part of Berns' broader plans to build a decentralized financial ecosystem powered by blockchain technology,...

OmiseGo Records First Transaction on Mainnet

OmiseGO: The Journey through June

July 2, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain

OmiseGO (OMG), the blockchain project in charge of the 33rd largest cryptocurrency in the world, has released its June 2019 roundup, outlining some of the significant milestones reached by the project, including the launch of Samrong's public alpha, Ethereum integration for its eWallet and more, according to a blog post...

West Africa Gets Serious with New Banking Technologies

July 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Finance

Nigeria, the most populous nation in Africa has announced plans to officially adopt an open banking standard powered by new technologies such as distributed ledger technology (DLT), to promote transparency in the financial services sector, according to a report by local news source the Guardian on July 1, 2019. Nigeria...

Smart MFG and SyncFab Join the Binance Chain Network

July 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Smart MFG Tech, a firm focused on the Internet of Things (IoT) and promoting new technologies for use within the manufacturing industry, and SyncFab, a startup working in the manufacturing supply chain ecosystem, have joined the Binance Chain network. The collaboration will give users access to multi-asset class digital payments...

Authority man findin a cryptocurrency mining machine

Iranian Authorities Impound 1,000 Bitcoin Mining Machines

June 28, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June...

Kakao and LG Making Contact Blockchain White

LG Electronics and LG Group to Adopt Kakao Blockchain

June 28, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, News

LG Electronics Inc., a leading South Korean multinational electronics firm and LG International Corp., an affiliate of the LG Group have agreed to adopted Klaytn, the distributed ledger technology (DLT) platform of Korea’s messaging giant, Kakao. The move will make it possible for LG to integrate blockchain technology into their...

Ex-Australian Football Player Tried Killing Drug Habits with Bitcoin Trading

June 28, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Mark "Bomber" Thompson, a former premiership coach in the Australian Football League (AFL), has admitted to abusing drugs and trading cryptocurrency. According to Thompson, quitting professional football made him depressed, so he channeled all his energy into high-risk crypto speculation, reports SMH on June 26, 2019. Bomber Addicted to Ice...

Green Skull and Crossbones Hackers Hands

Bitrue Exchange Hacked, $4.3 Million Worth of XRP and ADA Stolen

June 27, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Bitrue, a Singapore-based bitcoin (BTC) exchange, has suffered a massive security breach that has gifted hackers more than $4 million worth of XRP and Cardano (ADA) altcoins, announced the firm via Twitter on June 27, 2019. Hackers Steal ADA, XRP from Bitrue According to a Twitter thread by Singapore’s leading...

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