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Multi-Billion Dollar Logistics Giant DB Schenker to Use VeChain’s Blockchain Protocol

June 14, 2018 by Joseph Young at Blockchain, News, Tech

DB Schenker, a multi-billion dollar logistics behemoth with annual revenues of $23 billion, is collaborating with China-based blockchain project VeChain to establish an Internet of Things (IoT) and supply chain network on the blockchain. First Supply Chain Blockchain Application Commercially On June 12, 2018, VeChain Foundation announced it had co-developed...

Cryptocurrency Friendly Swiss City to Trial Blockchain-Based Voting System

June 13, 2018 by contributor at Blockchain, News, Regulation, Tech

The small Swiss city of Zug will trial a blockchain-based voting procedure for citizens in June 2018. Results of the test will significantly determine the use of a distributed ledger technology for future governance purposes. Small Size, Large Impact The 118,118-citizen strong constituency of Zug, as per 2014 statistics, is...

Former UBS Chief Says Blockchain Technology is Beneficial to the Financial Sector

Traditional Finance Industry is Spending $1.7 Billion Every Year on Building Blockchain

June 13, 2018 by Joseph Young at Blockchain, Business, Finance, News, Tech

According to a study by Greenwich Associates, a management consulting firm founded in 1972, the traditional finance industry spends more than $1.7 billion on a yearly basis on building blockchain-related protocols, platforms, and products. $10 Million a Year The budget of blockchain development by major banks and financial institutions has...

U.K. Asks Banks to Scrutinize Cryptocurrency Businesses, Does Not Consider Asset Class as Criminal

June 13, 2018 by contributor at Bitcoin, Blockchain, News, Regulation

The CEOs of several major banks in the U.K. received a letter from the country’s Financial Conduct Authority (FCA) over the potential risks when dealing with cryptocurrencies on June 11, 2018. Cryptocurrency Firms Pose Risk to Financial Framework As per details of the letter, institutional banks and financial service firms...

Women Considering Cryptocurrency Investments Have Doubled Since the Beginning of 2018

June 13, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Commentary, News

Research shows the first six months of 2018 experienced an increase in women considering cryptocurrency investments, from 6 percent to 13 percent. Females are Financially Informed While demand and interest in cryptocurrencies have fallen over the year, cryptocurrencies have gained more popularity with women. Approximately 20 percent of female millennials...

KodakCoin to Feature at NBA and NHL Stadiums after Wenn Digital-OVG Partnership

June 13, 2018 by contributor at Altcoins, Blockchain, News

After a partnership between the parent organizations of KodakCoin and NBA/NHL, the cryptocurrency platform will be offered to fans to earn tokens for taking photos during games. Massive Development In a press release on June 7, 2018, the operator and parent firm of blockchain-based image rights manager platform KotakOne, Wenn...

Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

June 13, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, News, Regulation

Canadian authorities have amended the nation’s anti-money laundering (AML) and anti-terrorism funding laws to foster orderliness in the finance and cryptocurrency industries by preventing deceitful individuals from exploiting regulatory loopholes in cryptocurrency exchanges and firms. Canada’s Fraud Crackdown As stated in the draft published by Canada Gazette, the Financial Action...

Ripple Urges South Korea to Amp up Cryptocurrency and Blockchain Regulations

June 13, 2018 by contributor at Bitcoin, Blockchain, Finance, News, Regulation, Tech

South Korea’s dominance in the traditional finance sector has been much less pronounced than its neighboring economies of Japan and China. However, the country is surging ahead with the world’s new cryptographic financial system catalyzed by the government's forbearing stance on the digital asset class. Korea’s Cryptocurrency Influence In the...

Protos Asset Management Develops 4-Ratio Valuation Model for Cryptocurrency Investing

June 13, 2018 by Nuno Menezes at Altcoins, Bitcoin, Blockchain, Business, Finance, News

Protos Asset Management, a leading data-driven cryptocurrency asset management company, recently developed analysis ratios streamline the valuations of cryptocurrencies. Using Data to Determine Investing Strategies The company is excited about the advancements made in its valuation models for cryptocurrencies and released a Medium post on April 19, 2018, to discuss...

Hackers Steal Over $20 Million of Ethereum After Exploiting Port 8584

June 13, 2018 by contributor at Blockchain, Ethereum, News

Chinese cybersecurity Qihoo 360 Netlab confirmed a group of hackers were successful in stealing $20 million from exposed Ethereum-based mining rigs and dApp. Ethereum dApps Exposed As per a report on Bleeping Computer, the thefts occurred after a Remote Procedure Call (RPC) was exposed on port 8545 on Ethereum software...

Sports Betting to Meet Cryptocurrencies in FIFA World Cup 2018

June 12, 2018 by Pratik Makadiya at Altcoins, Blockchain, Entertainment, Ethereum, News

While the world stirs with excitement for the FIFA World Cup 2018, cryptocurrency developers are going to great lengths to build applications for capitalizing on the football fever. Ether up For Grabs According to a report on Forbes, the World Cup 2018 will witness a blockchain-based betting game built to...

Civil Foundation Appoints Inaugural CEO, Vivian Schiller

June 12, 2018 by Cindy Huynh at Altcoins, Blockchain, Ethereum, News

Vivian Schiller, a former media executive at NBC News, NYTimes, has been appointed as the inaugural CEO of the Civil Foundation, an independent, third-party organization responsible for working with the community on the evolution of the Civil Constitution and Civil's self-governance model. Responsible Journalism on the Blockchain The Civil Foundation...

Chinese Blockchain News Platform Mars Finance Raises $51 Million in Funding Round

June 12, 2018 by Priyeshu Garg at Blockchain, Business, Finance, News

On June 8, 2018, Chinese blockchain news platform Mars Finance announced it raised $51 million in a funding round led by Ceyuan Ventures and Huobi Global Ecosystem Fund. Phenomenal Growth of Mars Finance In his speech at the World Blockchain Conference in Singapore on June 8, 2018, Mars Finance founder Wang...

Mastercard Awarded Patent for Blockchain-Based Travel Itinerary Bidding System

June 12, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Business, Finance, News, Tech

Global payments processor Mastercard has successfully secured a patent for a bidding system which streamlines the travel itinerary for users. A Stress-Free Tour On June 7, 2018, the United States Patent and Trademark Office (USPTO) awarded MasterCard the patent for a distributed ledger technology(DLT)-powered solution which allows travelers to book...

$1 Trillion Institutional Investor Catches the Bitcoin Fever

Crypto and Institutional Interest Converge in Manhattan for Day One of the BCI Investment Summit

June 12, 2018 by Liam J Kelly at Altcoins, Bitcoin, Blockchain, Commentary, Ethereum, Finance, News, Regulation, Tech

On June 11, 2018, investors converged, many for the first time, on the Metropolitan Pavilion in New York City for the BCI Summit to get a better idea of how to enter the cryptocurrency space. The intrigue of an explicitly finance-focused conference should also be another example of the mainstream...

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