Category: Business

Long security checkup queues at airports, could soon be a thing of the past. Startup VChain is working on a blockchain powered service that, Ira Ariella Khi, says will revolutionize the check-in process in the travel industry. VChain Verification System The new service has already received the endorsement of IAG, the parent company of British Airways. In its purest form,…

READ MORE

Sun Exchange, a South African marketplace financing solar power via cryptocurrencies recently partnered with the United Nations Development Programme (UNDP) to power the Technical University of Moldova with cryptocurrency-funded solar energy. The deal should meet most of the University’s energy requirements since the solar-powered rooftop installations would reach 15,000 square meters in surface area. The idea is to test the…

READ MORE

Bitcoin’s rise as an investment tool, which often supersedes its popularity as a digital means of payment, has resulted in the creation of several digital currency financial products. Among them is a feature of the traditional financial markets, the Exchange Traded Fund (ETF), which allows investors to track and invest in multiple assets using a single over-laying product. ETFs a…

READ MORE

Genesis Global trading, a reputable cryptocurrency brokerage that services institutional investors and high caliber bitcoin investors have finally succeeded where many firms have failed. The Digital Currency Group-backed firm is now one of five crypto-related businesses to have been granted the New York BitLicense, the others being Coinbase, bitflyer, and Circle Genesis Cracks the BitLicense Hard Nut Thursday, May 17,…

READ MORE

Bitcoin skeptic Warren Buffet is goaded by Mining firm that put in place a billboard saying “Maybe you’re wrong about bitcoin.” Bitcoin came into the scene in 2009 and since then, and it has continued to grow steadily. With its highs and lows, it is getting new converts daily which has increased its popularity in a short space of time….

READ MORE

Coincheck is plotting a major comeback after its credibility and prospects were brought into question early in 2018. The Japanese cryptocurrency exchange has rebranded itself after a major security breach led to the loss of $500 million worth of NEM coins. In similar news, the world’s largest mining company Bitmain announced their colossal expansion plans into the US on May…

READ MORE

Eric Piscini, the brains behind Deloitte’s blockchain prowess, has left the company. Currently boasting 1,200 employees, and starting with just three, Piscini was instrumental in scaling the blockchain operation to $50 million. Now, he has stepped down and decided to travel a different road. A Bright Future As per a report on May 14, 2018, Piscini was frequently approached and…

READ MORE

Shunning blockchain and smart-contracts for years, financial institutions are finally waking up to the potential that decentralized technologies hold, with a flurry of government and corporate companies making moves into the sector. Mammoth Transaction, Minimal Traction According to an official release on May 16, 2018, Russia’s largest bank, Sberbank, recently utilized a Hyperledger Fabric-based smart-contract system to issued rouble-backed bonds…

READ MORE

Online trading and brokerage company eToro provides a number of features for its customers aimed at helping users acclimate to the platform and then use its several tools to make money. The company began in 2007 as an online trading platform and is now offering services aimed at cryptocurrency investors and traders. Lena Birse, for instance, said that while she…

READ MORE

India’s second-biggest software service exporter, Infosys Limited, has developed a custom blockchain-powered trade finance network in a bid to overcome fraud in the Indian banking industry. To start, seven private lenders will test the trade finance network to increase security and transparency in the finance sector. Blockchain to Combat Banking Frauds The seven Indian private lenders that have enlisted to…

READ MORE