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Cryptocurrency Winter Forces the NEM Foundation to Restructure Mode of Operation

February 1, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Commentary, Finance, News

NEM Foundation, the team in charge of the NEM (XEM) blockchain project, has announced a significant change to its mode of operation due to the recent downturn in the cryptocurrency markets, according to an official announcement by the team on January 31, 2019. NEM Foundation Restructured to Cut down Cost...

ChainSafe Acquires Web3 Grant to Develop Polkadot Runtime

February 1, 2019 by Ogwu Osaemezu Emmanuel at News

ChainSafe, a Canadian distributed ledger technology (DLT) startup has secured a grant from the Web3 Foundation. The grant will enable the firm to develop a runtime environment for the Polkadot network using the Golang programming language, according to a Medium blog post on January 29, 2019. Polkadot Runtime In December...

Fidelity Bitcoin Jar Treasure Chest Investments

Fidelity Investments to Start Offering Bitcoin Custodial Services in March 2019

January 31, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News

Fidelity Investments, a Boston-based multinational financial services corporation, has revealed it would launch own bitcoin custodial service for institutional investors and cryptocurrency big whales in March this year, according to a Bloomberg report on January 29, 2019. Fidelity Still Betting on Bitcoin As reported by BTCManager earlier in October...

Cryptocurrencies Looking through a Window at Blockchain Technology

JPMorgan: Blockchain Technology Will Improve the Trade and Finance Sector

January 31, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Commentary, Finance, News

While the revolutionary distributed ledger technology (DLT) is slowly but steadily gaining traction in various sectors of the world economy including supply chain, healthcare, and others, American multinational investment bank, JPMorgan says it may take another "three to five years" before blockchain technology starts making meaningful impact on trade-finance, reported...

Man in Suit Holding Certificate with "Approved" Stamp

Gemini Becomes World’s First Crypto Exchange to Complete a SOC 2 Review

January 31, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News

Gemini, a U.S.-based regulated cryptocurrency exchange and custodian, has announced the completion of its Service Organization Control (SOC) 2 Type 1 examination conducted by Big Four auditor, Deloitte & Touche LLP. The examination makes it the first cryptocurrency trading platform and digital assets custodian in the world to demonstrate the...

VC 500 Startups Invests in Stablecoin Startup Stably

Fintech Firm Launches World’s First Hong Kong Dollar-Pegged Stablecoin

January 30, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, Finance, News, Regulation

Bitspark, a firm that claims to be the world's first bankless money transfer platform, has launched Sparkdex.HKD, the first stablecoin pegged to the Hong Kong Dollar (HKD). This is to encourage stablecoin diversification in other national currencies aside from the U.S. dollar, according to a Fintech Hong Kong report on January 29,...

Zagreb Skyline with Blockchains Flying through

Croatia’s City of Zagreb Set to Integrate Blockchain Technology

January 30, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Commentary, News

Several firms including Deloitte, Omega Software, and others have submitted proposals to authorities in the city of Zagreb to enable them to develop distributed ledger technology (DLT) based solutions that would handle the day-to-day processes of the region, reported local news source Vecernji on January 29, 2019. Croatia Joins the Blockchain...

Green Skull and Crossbones Hackers Hands

Report: Hacker Groups may have amassed up to $1 Billion in Hacked Cryptos

January 29, 2019 by Ogwu Osaemezu Emmanuel at News

According to a Wall Street Journal report on January 28, 2019, Chainalysis, a New York-based distributed ledger technology (DLT) firm has revealed that two expert hacker groups may be responsible for at least $1 billion in cryptocurrency exchange heists so far. Dominated by Two Sophisticated Groups At a time when...

BitTorrent Token sale Results Binance Screen Black Lights

Binance Launchpad: BitTorrent Token (BTT) Sold out within 18 Minutes

January 29, 2019 by Ogwu Osaemezu Emmanuel at News

Binance Launchpad, the exclusive token launch platform of Binance cryptocurrency exchange, has revealed that the token sale event of BitTorrent (BTT), a peer-to-peer file-sharing platform was hugely successful as the entire 59.4 billion BTT sold out within just 18 minutes, according to a blog post on January 28, 2019. Astronomical...

Premier Belarus Bank to Launch Crypto Exchange Despite Bear Markets

January 29, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Exchange, Finance, News

Belarusbank, the largest bank in Belarus, has reportedly revealed plans to launch a cryptocurrency exchange regardless of the ongoing crypto winter that has triggered more than 80 percent drop in the price of bitcoin, this according to local news source, BelTA, January 28, 2019. Bullish Bank According to Belarus 1...

Washing Money Laundering Fists Crush South Korea

Major South Korean Crypto Exchanges Launch AML Initative

January 29, 2019 by Ogwu Osaemezu Emmanuel at Business, Exchange, News, Regulation

Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019. Solidarity in Unity In a bid to curb the activities of criminals who use bitcoin and other distributed ledger technology...

Bitcoiners Increasingly Dumping Bitcoin for Gold Investments in 2019

January 28, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News

Following the ongoing slump in the price of bitcoin and other blockchain based virtual currencies, experts in the finance sector including the CEO of Van Eck Associates, Jan Van Eck, has revealed that more and more cryptocurrency holders are now pumping funds into gold as a means of diversifying their...

Taiwanese Authorities Arrest over a Dozen Suspects for Bitcoin Scam Scheme

January 28, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, News

Police in Taipei has apprehended 15 suspects involved in a scam initial coin offering (ICO) scheme known as IBCoins, which generated nearly $8.13 million for the bad actors since September 2018, local news source, Focus Taiwan reported on January 26, 2019. "Shitcoin" Scam Per sources close to the matter, Li Chi-hsun,...

Bag of Coffee Beans Wrapped in Blockchain Technology Ugandan Flag

Ugandan Company to Use Blockchain Technology to Trace Coffee Supply Chain

January 28, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, News, Platform

Carico Cafe Connoisseur, a Ugandan coffee company founded in 2016, has adopted distributed ledger technology (DLT) to aid in the certification of coffee shipments and give customers the confidence that their products are from the right source, according to a Business Daily report on January 25, 2019. From Farm to...

Predictions.Global Partners with Veil to Allow Augur Traders Predict Events

January 27, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Development, Exchange, News, Platform

On January 24, 2019, Paul Fletcher-Hill, co-founder and CEO of Veil, announced on Medium that Predictions.Global, a platform for accessing Augur markets, will be integrated into Veil, a peer-to-peer trading platform. Predictions.Global Blended into Veil As reported by BTCManager on January 16, 2019, Veil, a prediction markets and derivatives trading...

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