#business

ShapeShift Launches Trustless Digital Asset Portfolio Management Platform Prism

May 24, 2017 by Alex Lielacher at Ethereum, Finance, News

Switzerland-based cryptocurrency exchange ShapeShift announced on May 19 that it is launching the world’s first trustless digital asset portfolio platform called Prism, which has been built on top of the Ethereum blockchain. The new portfolio management platform enables humans as well as machines to gain exposure to portfolios of digital...

Creative Content Leader Yours Switches to Litecoin

May 22, 2017 by Lori Brown at Altcoins, Bitcoin, Blockchain, News

Yours.org, a project that makes the marketplace for content creation accessible and fair, has announced a decision to switch to Litecoin, a digital currency whose value is on the rise. Ryan Charles, the cofounder and CEO of Yours.org announced “We are currently migrating our infrastructure from bitcoin to litecoin.” Charles...

Super blockchain flying above blockchainb blocks cape red blue

IBM: A Blockchain Hero of Sorts

May 22, 2017 by Lori Brown at Blockchain, Business, News

Almost 3,000 C-suite leaders in executive positions were surveyed by IBM for their input regarding the topic of the blockchain, in the most comprehensive report on business sentiment regarding the technology. They were given a chance to discuss operational plans, revenue projections, and overall industry shifts. According to the results,...

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

May 21, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

India’s third largest private bank Kotak Mahindra announced on May 17 that it had enabled trade financing for one of its clients by applying blockchain technology to reduce the time it takes for the letter of credit (LC) to be completed from 20 to 30 days down to a few...

Blockchain Technology is Transforming the Indie Game Industry

May 21, 2017 by Nuno Menezes at Altcoins, Entertainment, News

Today, the mobile game industry is being overruled by enterprises like Google Play Store or Apple App Store. But now there is someone who wants to challenge this monopoly. Otto Von Nostitz is the president and co-founder of Xhai Studios, and he is convinced he can break up with the...

Chile’s Santiago Stock Exchange Leads Blockchain Implementation in Latin America

May 19, 2017 by Alex Lielacher at Blockchain, Business, Finance

On May 17, technology giant IBM and Chile’s largest stock exchange, the Santiago Exchange, announced a partnership to implement blockchain technology into the nation’s financial services sector. The collaboration makes the Santiago Stock Exchange the first exchange in South America to utilize blockchain technology for securities lending on its short...

Antshares Flexes A Technology Muscle, Set to Release Smart Contracts For Everyone

May 18, 2017 by Lori Brown at Blockchain, News, Tech

Antshares sets the pace in a new playing field amongst Blockchain applications and is set to release their smart contracts 2.0 in June, an important development contributing to diversity within the blockchain community and of smart contracts, with Hyperledger not open to the public and Rootstock yet to release anything....

Beijing Warns Residents That Cryptocurrency Trading Isn't Legal

Bitcoin’s Banking Struggle is Real

May 15, 2017 by Alex Lielacher at Bitcoin, Business, Finance, News

It is no secret that banks love the blockchain but hate bitcoin. Despite the irony that one would not exist without the other, it is the threat that a decentralized global digital currency that allows anyone to be their own bank possess to the current banking system that causes the...

WannaCry Ransomware Infects Computers Across The Globe, Despite Kill Switch Discovery

May 13, 2017 by Lori Brown at Bitcoin, News, Tech

WannaCry ransomware, a malicious malware tool, initiated a worldwide cyber attack that was launched 12 May, 2017, infecting upwards of 200,000 computers in 99 countries asking for ransoms in the cryptocurrency bitcoin. In nearly 30 languages the ransomware is reportedly holding its digital victim’s operating systems hostage, with a demand...

Blockchain FX Startup Cobalt Attracts Citadel Securities and XTX Markets to its Service

May 12, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

UK-based fintech startup Cobalt has added electronic trading houses Citadel Securities and XTX Markets to its impressive list of participants who have committed to become users of its new blockchain-based institutional forex settlements platform. Cobalt has developed a post-trade processing system for the currency market that utilizes distributed ledger technology...

Blockchain Called: It Asked To Borrow That Outfit!

May 12, 2017 by Lori Brown at Blockchain, Business, News

Blockchain technology has made a warmly welcomed appearance in the fashion industry. A forward-thinking fashion leader, Martine Jarlgaard, is using the distributed ledger so that her clothing company will be accountable for the story behind the making of its garments. The industry of fashion, while highly competitive, has always been...

Russia’s Largest Online Retailer Reveals Plans for Bitcoin Adoption

May 12, 2017 by Nuno Menezes at Bitcoin, Business, News

Russia’s largest online retailer, Ulmart, revealed on May 10 it going to start accepting bitcoin. Ulmart is also Russia's largest privately held Internet Company specialising in e-commerce, and announced the adoption of bitcoin on May 10, planning to start accepting it as a form of payment from 1 September, 2017....

Prague to Host Exhibition of Blockchain Developments and Mining Hardware

May 11, 2017 by Admin BTCManager at Press Releases

On May 19, the capital of the Czech Republic will host an exhibition of software and hardware for the crypto industry. The event is organized as part of Blockchain & Bitcoin Conference Prague, the conference dedicated to the development of cryptocurrencies and blockchain technology. Organizer of the event is Smile-Expo....

Funderbeam Report Shows Blockchain Funding Is Growing

May 9, 2017 by Alex Lielacher at Business, Finance, News

Estonia-based “stock exchange for startups” Funderbeam released its Blockchain Report 2017, which includes details on blockchain startup funding such as total funding and individual funding rounds since 2012 as well as industry funding by region, industry co-relations, top investors, and the most funded startups. Funderbeam, the world's first primary and...

South Korea’s Hurdles In The Race Toward Blockchain Innovation

May 6, 2017 by Evan Sixtin at Business, News, Regulation, Tech

FinTech progress has come to a halt in South Korea as regulators carefully try to piece together new technology with existing privacy laws. In October 2016, Financial Services Commission (FSC) Chairman Yim Jong-Yong revealed South Korea's plans for the acceptance and regulation of bitcoin. He announced in a public speech,...

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