Search by "blockchain" tag
Paper Checks Turn Digital

Paper Checks Turn Digital

China’s central bank has created a system to transfer paper checks to Blockchain. It took one year to develop the system, and in 2017 a prototype was successfully tested in a virtual environment. Paper business checks in China function like money orders, except that recipients can also exchange them with other entities read more

OK Cashbag Introduces Blockchain Project to Facilitate Its Operation

OK Cashbag Introduces Blockchain Project to Facilitate Its Operation

OK Cashbag, founded in 1999 in South Korea, remains the most popular points program that enables clients to accumulate cash by purchasing at a wide range of partnering shops. Points can be used, tracked, combined, gifted, and shared. 

SK Planet, the e-commerce arm of communication giant SK Telecom that operates OK Cashbag, presented the plan to utilise a Blockchain system to tokenise points earned by users in order to run the service more securely. Currently, 1 point equals to 1 Korean won, and if the project works out, points will be also converted into stable coins, such as the U.S. dollar-pegged tether cryptocurrency. 

The plan, temporarily called OKX, is waiting for approval of the regulator under the Electronic Financial Transactions Act mandate.

Blockchain in the Air

Blockchain in the Air

Traveling is fun except when it’s not: frequently a trip gets overshadowed by a headache caused by annoying delays, cancellations, baggage losses and, what’s even worse, overbooking. As long as our world has room for improvement, we won’t get tired of listing problems that Blockchain can help solve. This time we decided to consider the air travelling sector. read more

Intuit Develops a Method to Send Bitcoin Via Text Messages

Intuit Develops a Method to Send Bitcoin Via Text Messages

Business and financial software developer from California Intuit has been granted a patent for processing bitcoin installments via text message.

Published by the U.S Patent and Trademark Office (USPTO) on Tuesday, the patent details how a network of virtual accounts could empower two users to transfer funds utilizing their phones. The patent was filed in 2014, not long after the company had launched its QuickBooks Bitcoin Payments service that allowed small businesses to accept bitcoin instead of fiat currency.

read more

Smart Solutions for the Smart Cities

Smart Solutions for the Smart Cities

Once we stop associating Blockchain with cryptocurrency only, we will see the nearly unlimited potential of the distributed ledger. Multiple countries are developing innovative projects intended to create a comfortable ambiance for citizens, and make a large range of processes easier, cheaper, faster and erase the need for uncountable intermediaries. 

Now, how about a small quiz? read more

Volkswagen Applies for a Patent on a Blockchain System

Volkswagen Applies for a Patent on a Blockchain System

Volkswagen developed an inter-vehicular blockchain system to increase road safety and prevent incidents. The system will unite nearby vehicles in a network allowing them to communicate with each other and notify drivers of potential collisions: 

“In Vehicle-to-Vehicle communication messages are exchanged between vehicles to enable novel safety-relevant use cases. Most of the currently known use cases provide warnings to alert a driver about an imminent event, such as two vehicles colliding with each other,” the patent’s excerpt explains. The messages will be cryptographically signed, and information stored on Blockchain.

Denmark Implements Blockchain In The Ship Sector

Denmark Implements Blockchain In The Ship Sector

Yesterday, on June 4, Denmark has joined a total of 24 European Union members marking its support of pan-EU blockchain standards and solutions. 

Danish Minister for Industry Brian Mikkelsen reported that Denmark will be the first country to implement Blockchain technology into the ship sector that historically plays a crucial role in the country's economics. It will allow registering water-crafts in the ship records, as Mikkelsen explained. 

The allies were founded in April aiming to develop and spread the technology of Blockchain in Europe.

Liverpool to Become the World’s First Climate-Positive City Using Blockchain

Liverpool to Become the World’s First Climate-Positive City Using Blockchain

The Liverpool City Council (LCC) will be collaborating with the Poseidon Foundation to become a climate-positive city in the nearest future.

Climate Saving Ambitions

Liverpool is going to use blockchain technology in an effort to reduce its impact on the environment and become the world’s first climate positive city by 2020. And by 2030, the Council aims to offset more than 110% of the city’s carbon emissions by placing over 15,000 energy-saving LED streetlights across 2,000 streets and consequently decreasing energy consumption by 40%. read more

Crypto-Friendly Malta Approves 3 New Blockchain Bills

Crypto-Friendly Malta Approves 3 New Blockchain Bills

Malta approved 3 Blockchain and crypto bills in the 2nd reading in Parliament yesterday, June 26. The first two of them, Technology Arrangements and Services Bill and the Virtual Financial Assets Bill, provide regulation of digital ledger technologies under the control of the Malta Digital Innovation Authority. read more

Andy Warhol's Painting On A Crypto Auction

Andy Warhol's Painting On A Crypto Auction

The world’s first cryptocurrency auction will be held by Blockchain platform Maecenas at a fine art gallery Dadiani Syndicate in the UK on June 20. The platform creates tamper-proof digital certificates linked to works of art on the blockchain, and this lot is one of them: a painting by Andy Warhol from 1980 Reversal series. Buyers can obtain 49% ownership using ART token, BTC or ETH. 

The painting “14 Small Electric Chairs” by Warhol is worth $5.6 million.

Google Accused Of Unfair Competition

Google Accused Of Unfair Competition

Not a long time ago, in March 2018 Alphabet Inc. that runs Google and Youtube has declared to ban all crypto-related ads, and in April – all apps that have something to do with mining.

The ban was excused as a measure to protect users from fraudulent offers, however, on June 4 The Independent has published an article suspecting Google in implementing the ban in its vested interest: read more

There Is A Lot More Fiat Crimes Than Crypto, – Mary Beth Buchanan Says

We should “get rid of the negative connotations”, said Mary Beth Buchanan, former U.S Federal Prosecutor about Bitcoin on Monday, June 4 at the conference Money20/20 Europe in Amsterdam

In the past, she used to deal with a great number of crimes and states that saying there are more crypto crimes than usual ones is rather unfair, since, unlike fiat, cryptocurrency can be traced. read more

The First Blockchain-Based Vote Occurs In Zug, Switzerland

The First Blockchain-Based Vote Occurs In Zug, Switzerland

The city of Zug in Switzerland is about to try out a blockchain-powered municipal vote at the end of this June. The upcoming event will implement the city’s digital ID (eID) system launched in November 2017. Using the new system, citizens get the chance to vote via their mobile devices, yet results of the vote won’t be counted since this is a trial. Crypto Valley in Zug became an international hub for the crypto and blockchain community, and today Switzerland is considered to be one of the blockchain-friendliest countries.

Opera Software Is Launching a New Browser with a Built-In Crypto Wallet

Opera Software Is Launching a New Browser with a Built-In Crypto Wallet

Opera began to test a mobile browser with a built-in crypto wallet, thus becoming the first major browser creator to facilitate crypto trading. As the makers say, it is going to be a new version of the familiar Opera browser for Android that contains an easy in use crypto wallet functionality supporting Web3 API. The project is now in private beta available for users to join. This simply means that users no longer need to install any services to send and receive crypto money – the wallet is already there for them. 

"We believe the web of today will be the interface to the decentralized web of tomorrow…By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible,” Charles Hamel, the product lead on Opera Crypto, explained.

Eddie Hughes Calls on to “Show Leadership”

Eddie Hughes Calls on to “Show Leadership”

UK housing minister Eddie Hughes calls the government on to focus on the Blockchain technology and benefits it can bring. According to Hughes, Blockchain has the potential to “enable social freedom, to increase efficiency, and to rebuild societal trust.” As a role model for authorities, the minister uses Estonia, which is now considered to be the leader in the Distributed Ledger Technology. His report named Unlocking Blockchain, other than listing Blockchain use cases in details, also refers to AI (Artificial Intelligence) as a key technology to be considered on the par with DLT. 

Iran Issues Its Cryptocurrency to Bypass the U.S. Sanctions

Iran Issues Its Cryptocurrency to Bypass the U.S. Sanctions

Iran is going to issue its own cryptocurrency as way to sidestep new sanctions enacted by U.S. President Donald Trump.

Preparing the Grounds to Adopt Blockchain Technology

The U.S. announced its withdrawal from a 2015 atomic agreement with Iran in May reactivating economic sanctions that will forbid Iran's access to U.S. dollars next month.

The plan to build up an "indigenous" digital money is on the agenda of the government’s Science and Technology Department, as indicated by Iran's official news outlet PressTV. "We are trying to prepare the grounds to use a domestic digital currency in the country,"  Alireza Daliri, the department’s representative head in charge of investments, was cited as saying in the report. read more

Is Blockchain Becoming A Traditional Centralised Ledger?

Is Blockchain Becoming A Traditional Centralised Ledger?

The more companies adopt blockchain the less decentralized it becomes: for some of them the transparent concept is unacceptable. A good solution would be a private blockchain controlled by a few people which, however, breaks the initial idea of Blockchain. 

Consequently, the technology separates into 3 types: the classical public blockchain where transactions are carried out openly out of anyone’s control, consortium blockchain where transactions are agreed upon certain nodes and the last one – fully private centralized blockchain. Specialists foresee the blurring of borders between those three in the nearest future since each of them has advantages that together create an efficient system read more

The Co-Founder Of LinkedIn starts an ICO

The co-founder of employment data platform LinkedIn Eric Ly is launching an ICO to raise $20 million in a Simple Agreement for Future Tokens (SAFT) sale. The funds are raised for a platform called ICOHub launched in April. Its goal is to create a network for more reputable token sales as a verifiable source of data on Blockchain projects and the teams behind them.

We All Are In A Bubble

This year Block Show Europe conference is taking place in the capital of Germany. One of the speakers, Wikipedia co-founder Jimmy Wales, has expressed his skeptic vision of cryptocurrency and blockchain:

“...Right now, we are in a bubble, the crypto world is absolutely, definitely in a bubble. I don’t think there’s many people who would deny that.” Wales doesn’t predict when will the bubble pop, but most importantly, as he says, it will.

 

Have You Heard of Bitcoin? Research by IMG

Have You Heard of Bitcoin? Research by IMG

As blockchain-based technologies are being developed at a faster pace every day, the popularity of cryptocurrency grows in a geometric progression. ING International Survey prepared a research named “Cracking the code on cryptocurrency”, in which examines people’s engagement in the crypto industry. They carried out a survey across Europe, the United States, and Australia, and here are the results: read more

Watch Out for Artificial Intelligence

Watch Out for Artificial Intelligence

Taking the opportunity to write here on Cointrend I would like to bring up an essential for 2018 topic: artificial intelligence and how Blockchain could improve it.  

Let’s take a close look at Artificial Intelligence from a user’s point of view. We’ve all noticed how our privacy is being attacked but we keep ignoring those pesky long texts and putting checkmarks under them. Centralized giants, such as Google, Facebook, Amazon, utilize Machine Learning to collect our personal data and decide what ad or whose publications to show depending on our interests. So basically the most common use of artificial intelligence is dispensing personal data. Doesn’t sound like fun, eh? read more

The Bank of Thailand Issuing Its Domestic Cryptocurrency

The Bank of Thailand Issuing Its Domestic Cryptocurrency

Bank of Thailand (BoT) governor Veerathai Santiprabhob brought the project up at Nomura Investment Forum Asia (NIFA) in Singapore. Creating a central bank-issued digital currency (CBDC) for internal use is a “new way of conducting interbank settlement”, says Santiprabhob. It is expected to help decrease the time spent on transaction and validation and expenses since fewer intermediaries will be needed read more

Samsung Announces Blockchain Implementation

Samsung Announces Blockchain Implementation

South Korean leading electronics company Samsung announced the implementation of blockchain in a new logistics platform. The project named Cello 3.0 was created by the Samsung’s subsidiary Samsung SDS and built around artificial intelligence (AI).

“We will provide services to global e-commerce sellers with CelloSquare 3.0, which combines cutting-edge IT with Samsung SDS global logistics operation experience”, read more

Mastercard Moving To Blockchain

Mastercard Moving To Blockchain

On Thursday, June 7, Mastercard has come up with a conveyance and retrieval processes to verify users' payment credentials over a "publicly accessible blockchain." 

How will it work? read more

The Сo-Founder Of LinkedIn Starts An ICO

The Сo-Founder Of LinkedIn Starts An ICO

The co-founder of employment data platform LinkedIn Eric Ly is launching an ICO to raise $20 million in a Simple Agreement for Future Tokens (SAFT) sale. The funds are raised for a platform called ICOHub launched in April. Its goal is creating a network for more reputable token sales as a verifiable source of data on Blockchain projects and the teams behind them.

Blockchain To Distribute Food In South India

Blockchain To Distribute Food In South India

The South Indian State of Kerala will utilize Blockchain to distribute dairy products, vegetables, and fish. The Development and Innovation Strategic Council (K-DISC) is heading the project which will also use the Internet of Things (IoT) technology to make the supply network work efficiently. read more

Spain Tests a Pilot to Facilitate Warrant Issuance

Spain Tests a Pilot to Facilitate Warrant Issuance

A Blockchain pilot project aimed at issuing warrants cuts the time to register a contract by more than 70% (from one week to 48 hours). The technology was successfully tested in Spain in collaboration of leading financial institutions, among them – Banco Santander, BBVA, BNP Paribas, CaixaBank, Commerzbank and Société Générale banks. read more

Mobile App Kik Rolls Out Its Cryptocurrency

Mobile App Kik Rolls Out Its Cryptocurrency

Chat app Kik encourages its users to earn and spend kin – the app’s domestic cryptocurrency after the launch of “crypto-economy” announced Wednesday. Users are able to get kin tokens in the Kin Marketplace Beta by completing polls, quizzes and creating tutorials. Tokens can be spent to purchase premium tools inside the app. read more

China's Cryptocurrency Research Lab Opens New Center

China's Cryptocurrency Research Lab Opens New Center

People's Bank of China’s (PBoC) Digital Currency Research Lab is further extending its current research efforts to cities outside of Beijing to support the launch of fintech, including blockchain, ventures. 

Supporting Real-Life Projects 

The lab has partnered with the municipal government of Nanjing, the capital city of Jiangsu region, to open a fintech center in a move to develop and apply pilot programs with banks and academic organizations.

read more

3 Bitcoin Mining Companies Appear on the Unicorn List

3 Bitcoin Mining Companies Appear on the Unicorn List

For the first time, bitcoin mining projects have been added to the list of “unicorns” – a rating of privately owned companies valued over $1 billion.

Climbing up to the Top 

Hurun Research Institute based in Shanghai published a report featuring 3 Chinese cryptocurrency companies: Bitmain is ranked 13th on the list since its value reached as much as 70 billion yuan (approximately $10.3 billion). Two other firms to be listed are Canaan Creative valued at $3 billion and Ebang worth circa $1.5 billion, which are at the 32nd and 53rd positions respectively. 

read more

United Kingdom Central Bank Making Payments System Friendly to Blockchain

United Kingdom Central Bank Making Payments System Friendly to Blockchain

The Bank of England (BoE) has revamped its payments framework making it compatible with distributed ledger technologies (DLTs), Reuters detailed Monday.

What’s So Great About Great Britain’s Payments System  

Real-Time Gross Settlement system (RTGS) is fundamental for banking and trading in Britain and conducts transactions worth circa ‎£500 billion every year – around 33% of the nation's economic output. The updated system is going to be launched by 2020, and will be resistant to digital assaults while being accessible to an extensive number of smaller organizations. This would empower them to use the framework directly, rather than through an intermediary of a large bank. read more

CryptoKitties Rolling out a Mobile Version

CryptoKitties Rolling out a Mobile Version

CryptoKitties, a virtual game, the main point of which is collecting and breeding adorable cartoon cats on Blockchain has announced its future collaboration with Taiwanese phone maker HTC. CryptoKitties will roll out a mobile version of the game by the end of 2018, at first available only in the U.S. Last December, a few days after the game’s launch, users had spent over $1 million, and the Ethereum networked was so overloaded that temporarily slowed down. According to the company, CryptoKitties is intended to broaden people’s vision of Blockchain’s abilities.

South Korea Is About to Present New Regulations

South Korea Is About to Present New Regulations

South Korea’s legislature is developing new rules on cryptocurrency, Initial Coin Offerings (ICOs) and Blockchain technology. Lawmakers will introduce drafts of the bills at an extraordinary session of the National Assembly between July 12 and 26. 

read more

South Korean KT Corporation Has Introduced Its Proprietary Blockchain

South Korean KT Corporation Has Introduced Its Proprietary Blockchain

KT Corporation, one of the two biggest telecoms organizations in South Korea, has created its own blockchain network expecting to spread the innovation crosswise over areas including ID confirmation, data roaming, and energy exchange.

Increasing Transactions Speed

The firm announced its KT Network Blockchain on Tuesday, naming a throughput of 2,500 exchanges per second (TPS) due to reconciliation with the existent high-speed network. Additionally, the organization asserts it can speed up to 10,000 TPS before the year is over and to as high as 100,000 TPS by 2019. read more

Fujitsu Helping Create a Blockchain Product Within 5 Days

Fujitsu Helping Create a Blockchain Product Within 5 Days

Japanese leading information & communication technology (ICT) company Fujitsu is launching a new Blockchain productization framework: it allows clients to develop a Minimum Viable Product (MVP) in just 5 days. The service will include everything from lessons on Blockchain basics to the assessment of the proposed use cases and prototype building by the fifth day. Assessments will be led by experienced experts providing ideas and insights. Afterwards, clients can choose to keep working on the product or leave it as it is. The price for the service starts at $9,000. The framework is built around the proof-of-business approach enabling clients to test their projects going through the whole business process in a brief period. Currently, Fujitsu holds around 50 patents on Blockchain technology projects and multiple related services.

 

We Shouldn't Mythologize Blockchain

We Shouldn't Mythologize Blockchain

Fan Wenzhong, the head of the International Department of the China Banking and Insurance Regulatory Commission, warned against “mythologizing” Blockchain during a fintech summit in Shanghai.  

Wenzhong does not recognize the technology as a “revolution”, reminding that the concept of multi-entry bookkeeping has been around for centuries, and the earliest human transactions needed no centralized control, thus decentralization “is not a new trend”. However, the regulator admits the innovative aspects of Blockchain and its significant meaning. 

Mike Novogratz's Crypto-Focused Company Lost $134 Million in the First Quarter

Mike Novogratz's Crypto-Focused Company Lost $134 Million in the First Quarter

Mike Novogratz's crypto merchant bank Galaxy Digital released an announcement about a $134 million loss as crypto markets had stooped.

Galaxy Digital’s trading business lost $13.5 million, had $85.5 million of unrealized losses on digital assets and a $1.1 million paper loss on investments, according to its first quarterly report. The young firm also posted $22.9 million paper losses on investments in its principal investing business. read more

Utopian Ideas – Or Not So Much? Cryptocurrency's Feature that We All Misunderstood

Utopian Ideas – Or Not So Much? Cryptocurrency's Feature that We All Misunderstood

This morning, bypassing the dull routine, I had directly dived into the seething pool of unhackneyed minds’ outgivings on Medium and ran into an article that seized my attention: "Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency." I ingested the text for breakfast and by the lunchtime had already formed my response. So, what does the author consider the most mind-blowing feature of cryptocurrency? I wish he let us know the answer somewhere at the beginning of the 16-minute long read, but alas. And I won’t be indulgent either. read more

Dubai Willing to Implement Blockchain in Its Legal System

Dubai Willing to Implement Blockchain in Its Legal System

Based in Dubai, an international court that manages civil and commercial disputes in the financial industry is willing to launch a so-called "Court of the Blockchain" to streamline legal deals.

Collaboration with Smart Dubai to Build a Blockchain-Based Platform 

The Dubai International Financial Center (DIFC) Courts reported on Monday that it is collaborating with the government-backed Smart Dubai initiative to frame a team that will focus on building up the blockchain-based legitimate platform. read more

5 Industries Blockchain Has The Potential to Take Charge Of

5 Industries Blockchain Has The Potential to Take Charge Of

Since the very invention of the blockchain technology in 2009, enthusiasts, as well as unenlightened but curious people, have been putting forward assumptions about what can it be possibly used for. Although years pass and promising startups make bids for revolutionizing the world, we don’t see much change happen. Still, considering its potential we made a list of industries that we wish it took charge of in the nearest future.

What most likely comes to your mind first when you hear “blockchain” is cryptocurrency, and not without purpose: the technology has a lot to do with digital money. Yet, it would be disrespectfully to neglect other use cases, and these are some of them: read more

Blockchain Is the New Superstar: Cryptos Getting Their Own TV Show

Blockchain Is the New Superstar: Cryptos Getting Their Own TV Show

Cryptocurrency ascents and falls from grace, and perhaps the comeback story of the year as Bitcoin survives the assault of abuse from regulators and cynics is nothing short of Hollywood drama. An industry platform the Bitcoinist is introducing a crypto’s own show: Coincast TV starring Blockchain and Bitcoin.

The Crypto Show Produced by the Professionals  

The new weekly business tv program is set to showcase blockchain firms, crypto assets, and Initial Coin Offerings (ICOs) to an audience all over the world, as indicated by the Bitcoinist.

Coincast TV, made by ICO advisor DigitalX and a reputable crypto business news platform Multiplier Crypto, will be broadcast on Sky News Business and syndicated crosswise over Apple TV, the Wall St Journal and related social platforms, reaching around 200 million watchers globally. read more

Mastercard Has Increased Cryptocurrency Transactions Speed

Mastercard Has Increased Cryptocurrency Transactions Speed

A high-end global payments giant Mastercard has won a U.S. patent for accelerating cryptocurrency transactions, according to the document published on Tuesday, July 17, by the U.S. Patent and Trademark Office (USPTO). The new public blockchain-based method will allow clients to manage “fractional reserves of blockchain currency”, thus associating fiat assets and blockchain money. Up to that moment, cardholders could only pay for things using legal tender – a currency recognized as official money by the government. Mastercard proposed to make purchases using bitcoin stored on a credit card. read more

State of India Adopting Blockchain Technology for Governmental Operations

State of India Adopting Blockchain Technology for Governmental Operations

As a blockchain innovation trailblazer in the subcontinent, the Indian state of Telangana has signed MoUs (Memorandum of Understanding) with diverse blockchain-based startups and experts to enlarge the use of the prospering technology in administrative operations.

Making State Administration See-Through

Telangana's I.T. and Industries head Jayesh Ranjan mentioned the implementation of blockchain in "six or seven" government applications. Previously, the state had tested blockchain-based land registry and pension platforms to increase transparency and decrease the risk of frauds in two spheres dominated by intermediaries. read more

Australia Adopting Blockchain to Track Food Supplies

Australia Adopting Blockchain to Track Food Supplies

The government of Australia has given A$2.25 million ($1.7 million) to the Sustainable Sugar Project, as Foodnavigator-Asia reported on July 30.

Blockchain Knows Where It Comes From   

Run by the Queensland Cane Growers Organization, The Sustainable Sugar Project will be using blockchain to track the provenance of sugar supplies within Australia. The technology will purportedly enable purchasers to clearly observe where sugarcane originates from and demonstrate the provenance of the farm. read more

Sony to File Patents on Blockchain-Focused Devices

Sony to File Patents on Blockchain-Focused Devices

Japanese leading tech company Sony is to patent 2 hardware approaches for facilitating and maintaining blockchains.

The two filings named "Electronic Node and Method for Maintaining a Distributed Ledger" and "Device and System" are uncovering that the organization is working on blockchain-related hardware concepts. Potentially, these devices will be included in a future product. Earlier, Sony has filed patent applications focused on blockchain use cases, such as education data management and security. read more

Sorry, No Frappuccinos: Starbucks Will Not Be Accepting Crypto

Sorry, No Frappuccinos: Starbucks Will Not Be Accepting Crypto

Apologizing, Starbucks has cleared up that it won't be accepting Bitcoin (BTC) or any other digital money, disproving the deceiving reports published by Bloomberg and CNBC.

Headlines Leading to Confusion

August 3, the Intercontinental Exchange (ICE) operating New York Stock Exchange (NYSE) reported its plans to build a new “global platform and ecosystem for digital assets” called "Bakkt," together with global companies including Starbucks, BCG and Microsoft. read more

Goldman Sachs Postpones the Launch of Crypto Trading Desk

Goldman Sachs Postpones the Launch of Crypto Trading Desk

Goldman Sachs Group Inc. is pausing its intention to open a cryptocurrency exchanging desk, as Business Insider reported September 5. 

Vague Regulation Environment to Pause the Project 

In December, Bloomberg announced the bank’s plan to launch a crypto-centered unit by the end of June 2018. Sources claimed that Goldman Sachs was willing to become "the first large Wall Street firm to make markets in cryptocurrencies."

However, since the regulatory policy remains rather vague, the bank has brought down the priority of the project. It might take some time before a regulated bank could exchange digital assets, claim the sources. 

read more

The Philippines Has Developed New Regulations Concerning Initial Coin Offerings

The Philippines Has Developed New Regulations Concerning Initial Coin Offerings

The Philippines is about to present new regulations allowing startups to legitimately raise funds through initial coin offerings (ICOs).

All Tokens Are Securities Expect When They Are Not

Before the regulations go into effect, the country’s Securities and Exchange Commission (SEC) is waiting for the people’s feedback concerning the draft rules published on Thursday, August 2nd. read more

China’s Top University Has Developed a Decentralized Network to Trade Energy

China’s Top University Has Developed a Decentralized Network to Trade Energy

Researchers from one of the major universities in China reportedly have built up a decentralized exchange, not for crypto assets but rather for unused power.

Enabling Users to Trade Energy

In January, a group from China's Fudan University has filed a patent application, which was released last Friday, August 3. The document introduces the workings of an electricity exchange based on blockchain, that will assign power sellers and purchasers as nodes on the network and enable them to safely trade unused power without middlemen.

read more

Bitcoin Reaches $24,000 in Iran After Officials Recognise Crypto Mining Legal

Bitcoin Reaches $24,000 in Iran After Officials Recognise Crypto Mining Legal


Iran has recognized crypto mining as a legal activity, making steps toward issuing its own cryptocurrency; the news prompted a rapid rise in Bitcoin’s price on local exchanges. 

Cryptocurrency Mining Is a Lawful Activity

As indicated by a local media outlet IBENA associated to the Central Bank of Iran, Abolhassan Firouzabadi, the Secretary of Iran's Supreme Council of Cyberspace said that digital money mining "has been accepted as an industry in the government." 

Even though a final policy legislating for mining hasn’t been presented yet, the Ministry of Communications and Information Technology (ICT), the Central Bank and the Ministry of Economic Affairs and Finance has come to consensus. 

read more

West Virginia Is the First State to Use Blockchain for Voting

West Virginia Is the First State to Use Blockchain for Voting

The future is just around the corner. As Slate reported September, 25, West Virginia is the first state that will use blockchain for voting in elections. Boston-based startup Voatz provided an app that uses blockchain encryption to enable U.S. citizens who are currently abroad to participate in voting.  

read more

The CEO of Tron Justin Sun: Stop Using Ethereum, Come to the Tron Side

The CEO of the Tron blockchain and coin (TRX) told decentralized application (DApp) developers to stop using Ethereum platform and start deploying their DApps on The Tron blockchain instead.

Twitter user Afri Schoedon published a tweet in which stated

A “Global Sandbox” for Financial Technologies

A “Global Sandbox” for Financial Technologies

Various financial regulators from over the globe are teaming up to facilitate the development of financial technologies including those of distributed ledger – such as blockchain.

The Creation of a “Global Sandbox”

The Global Financial Innovation Network (GFIN) unites regulators from Hong Kong, the U.S., Australia, Abu Dhabi and 7 other members, as the U.K.’s Financial Conduct Authority (FCA) announced.

read more

West Virginia to Enable American Troops Overseas to Vote on Blockchain

West Virginia to Enable American Troops Overseas to Vote on Blockchain

A mobile app based on blockchain will enable American troops serving abroad to cast their votes in West Virginia in the federal elections this November.  

Just Take a Selfie

Using facial recognition software, the platform named Voatz will match users’ "selfie-style video of their face" to their government-issued IDs, as indicated by CNN. Once endorsed, voters will be permitted to cast their ballot on the application. Then, votes will be anonymized and stored on the blockchain.

read more

Indian State of Telengana Partnering with Mahindra to Create Blockchain District

Indian State of Telengana Partnering with Mahindra to Create Blockchain District

A state government in India is teaming up with a global IT services giant to establish a district devoted solely to blockchain startups.

Favorable Blockchain Environment for Newbies

The information technology department of the Telangana state government signed a Memorandum of Understanding (MoU) with Tech Mahindra thus setting in motion the construction of what they call the country’s first "blockchain district."

read more

Opera Browser Presents Its Built-in Crypto Wallet to Desktop Users

Opera Browser Presents Its Built-in Crypto Wallet to Desktop Users

Opera Ltd, the Norway-based company running the browser used by 322 million people, introduced a desktop version with a built-in crypto wallet.

Going Further With Crypto Integration

Last month, CoinTrend announced the launch of Opera browser for Android with a cryptocurrency wallet in it. The company received a positive reaction from the public and decided to roll out a desktop browser open for crypto.

read more

China Considering Ways to Speed up Blockchain Adoption

China Considering Ways to Speed up Blockchain Adoption

The China’s Ministry of Industry and Information Technology (MIIT) is seeking ways to step up blockchain adoption in the country.

Moving Forward with Blockchain

According to the MIIT, today the blockchain ecosystem is in its initial stage. In an effort to create a healthy development of the industry, they have proposed various measures to accelerate the promotion of blockchain apps in China.

read more

Honeyminer Making Crypto Mining Easy

Honeyminer Making Crypto Mining Easy

Honeyminer, a crypto mining application that gives clients the chance to earn bitcoin with laptops, is quickly gaining popularity.

Rapid Success

The app was launched in June, and its client base has reached 50,000 since then. A third of the new users are located in developing markets, and 5 percent hail from Africa, according to the company.

"We've stumbled into something that was far bigger and more international than we imagined." Honeyminer co-founder stated.

read more

Three Chinese Hackers Accused of Stealing $87 Million in Crypto

Three Chinese Hackers Accused of Stealing $87 Million in Crypto

Chinese police have captured 3 people who had reportedly stolen bitcoins and other digital currencies worth approximately $87 million.

Tracking Down the Suspects

Chinese media Xinhua reported that the three were arrested on August 15 after a months-long investigation.

read more

South Korean Judges Form the Blockchain Law Society

South Korean Judges Form the Blockchain Law Society

Judges, lawmakers and industry specialists in South Korea are shaping a group to discuss legitimate issues associated with blockchain.

Topics to Be Discussed

Named the Blockchain Law Society, the group is holding its founding meeting on August 24 in the Seoul Central District Court. Members will bring up both regulatory issues around blockchain and its use cases in the lawful space.

read more

Interest in Blockchain is Waning, Says Gartner

Interest in Blockchain is Waning, Says Gartner

Enthusiasm for blockchain technology is weakening, according to a recent research by Gartner.

Blockchain is a Little Down Lately

In the report entitled "Hype Cycle for Emerging Technologies" Gartner included blockchain, alongside four other emerging technologies, as one of five innovations that can erode the brink between humans and machines. Blockchain innovation is at the edge of the "trough of disillusionment" stage in the cycle, however, it predicts that the innovation may come to the "plateau of productivity" within the following decade.

read more

Steve Wozniak Trusts Blockchain over Humans

Steve Wozniak Trusts Blockchain over Humans

Steve Wozniak, Apple Inc’s co-founder, computer engineer and inventor claimed that he trusts bitcoin over the today’s financial system.

‘It’s Kind of Like the Internet’

Explaining, Wozniak expressed his fascination and trust concerning Bitcoin’s underlying technology: “it’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year. Bitcoin was immune to that.”

read more

People Use Bitcoin 87% less in 2018

People Use Bitcoin 87% less in 2018

The volume of trading on crypto exchanges is 80% lower this year, and analytics mark a significant decrease of people using decentralized apps (DApps).

Cryptocurrencies Are Waning

About half of the crypto market volume accounts for  5 top cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, making over $12 billion rotate within it. One third of the sum accounts for Bitcoin and one tenth – for Ether. Consulting agency Diar confirms that all altcoins’ prices depend on Bitcoin’s fluctuations.  

read more

South Korea to Decide on Legalisation of ICO

South Korea to Decide on Legalisation of ICO

Definitely, Maybe

The current situation with Initial Coin Offerings (ICO) in South Korea is very precarious. The government banned any types of ICO and anonymous crypto trading. We’ve already reported about new regulations introduced by the government.

 Now there is a chance that ICO is going to be legal again.

read more

U.K. Startup Accelerator Will Support Blockchain Projects

U.K. Startup Accelerator Will Support Blockchain Projects

Right now is a wonderful moment for blockchain-focused startups willing to expand to the U.K. to do so, and the Department for International Trade detailed, why.  

Greenhouse for Blockchain Startups

In its latest update for businessmen wishing to deploy their firms in the U.K., the Department for International Trade reported that Entrepreneur First (EF), a London-based company accelerating startups, is presently funding blockchain projects, too. EF is a government-recognized firm empowered to approve companies for entrepreneur visas.

read more

Tech Giants WeChat and AliPay Against Crypto

Tech Giants WeChat and AliPay Against Crypto

Сhinese regulators are fighting against announcements anyhow related to cryptocurrency, and giant mobile payment platforms WeChat Pay and Alipay declare to be collaborating with the government in the fight.

Taking Drastic Measures 

Five regulatory organizations in China, including the People's Bank of China and the Banking Regulatory Commission, warned against any digital currency-related fundraising and exchanging operations. 

read more

North Korea is Going to Use Cryptocurrency to Evade U.S. Sanctions

North Korea is Going to Use Cryptocurrency to Evade U.S. Sanctions

Lourdes Miranda, a financial crimes investigator, and Ross Delston, Certified Anti-Money Laundering Specialist (CAMS), said that Pyongyang is about to create its own cryptocurrency. They added that North Korea is using cryptocurrency like bitcoin (BTC), not just for mining but money laundering. 

read more

Hong Kong Is Inviting Blockchain Specialists to Settle in the Region

Hong Kong Is Inviting Blockchain Specialists to Settle in the Region

Hong Kong announced its new special immigration policy meant to pull in talented individuals specialized in innovative technologies. 

Talent Show for Adults 

The Hong Kong government published a Talent List on Tuesday covering 11 professions currently eligible to get benefits when applying for the city's Quality Migrant Admission Scheme (QMAS). 

One of the covered fields is dedicated to "innovation and technology experts in, but not limited to, ... artificial intelligence, robotics, distributed ledger technologies, biometric technologies and industrial/chemical engineering, etc." The new policy is a part of an effort to strengthen Hong Kong’s economic competitiveness, according to the release

To be approved for the program, candidates specialized in blockchain must hold a bachelor or above degree and have previous working experience. Applicants will be given points to compete which each other based on 2 tests: General Points Test and Achievement-based Points Test. 

QMAS was launched in 2006 and is aimed at helping successful candidates enter and settle in the Chinese region without having to primarily get a job offer from a local firm.



Russia’s Major Airline Operator S7 Now Uses Smart Contracts

Russia’s Major Airline Operator S7 Now Uses Smart Contracts

S7, one of the largest airline operators in Russia, has tested an application based on blockchain to track information associated with refueling planes. 

Smart Contracts Speed Up Literally Anything 

According to the press release, the company trialed the application together with its fuel provider, Gazpromneft-Aero, and Alfa-Bank, Russia's major private bank, on a local flight based out of the Tolmachevo International Airport, Siberia. 

read more

The CEO of Tron: Stop Using Ethereum, Come to the Tron Side

The CEO of Tron: Stop Using Ethereum, Come to the Tron Side

The CEO of the Tron blockchain and coin (TRX) told decentralized application (DApp) developers to stop using Ethereum platform and start deploying their DApps on The Tron blockchain instead.

Twitter user Afri Schoedon published a tweet in which stated: 

And got replies from the CEO of Tron and from the inventor of Ethereum.

read more

University of Malta Established Scholarship for Blockchain Studies

University of Malta Established Scholarship for Blockchain Studies

The University of Malta has signed an agreement with the Malta Information Technology Agency (MITA) to offer a €300,000 ($351,000) blockchain and distributed ledger technology (DLT) scholarship, Times of Malta announced August 29. 

Making the Future Bright for the Technologies 

The grant is established for students specializing in information and communications technology (ICT), engineering, finance and law. It will be split over 3 years. Students studying blockchain and DLT can apply for the fund to benefit for Master's and PhD researches.

read more

Chinese Crypto Billionaire Li Xiaola to Stop Investing in Blockchain Projects

Chinese Crypto Billionaire Li Xiaola to Stop Investing in Blockchain Projects

A billionaire, a crypto-tycoon, and the biggest investor in blockchain projects Li Xiaolai said that he stops investing in Initial Coin Offerings (ICOs) and in any other blockchain projects. As Li Xiaolai is the most influential businessman in the Chinese crypto world, his name is associated with nearly 99% blockchain startups. He also advised users to ignore projects that have his name on it.

read more

California Is Forming a Blockchain Working Group

California Is Forming a Blockchain Working Group

California released a bill calling for the creation of a working group on blockchain, which has passed in both Senate and Assembly and is now waiting for the governor’s approval.

The Brightest Minds to Come Together  

The bill, main point of which is to form a group of specialists from different fields to focus on blockchain, defines the technology as “a mathematically secured, chronological, and decentralized ledger or database.” 

read more

Alibaba, IBM and Mastercard at the Top of Blockchain Patent Ranking

Alibaba, IBM and Mastercard at the Top of Blockchain Patent Ranking

Large financial and technical entities Alibaba and IBM from China and the U.S. respectively are leading in the new top-list that ranks companies by the number of blockchain patents filed.  

The World’s Leaders in Blockchain 

iPR Daily, a Chinese media outlet focused on intellectual property, released a report showing the total amount of patents filed by each of the world leaders. It demonstrates that Chinese web giant Alibaba is at the top of the list with 90 blockchain patent applications. 

IBM, an American technology company, has to date filed 89 applications, while Mastercard possesses third place with 80 patents. With 53 blockchain-focused patents, Bank of America made it to fourth place. 

read more

Durov’s TON Coin to Be in the Spotlight in 2018

Durov’s TON Coin to Be in the Spotlight in 2018

The Durov brothers, creators of social network VK and Telegram messenger, claim that the issuance of their cryptocurrency – TON – is going to be a major event in the crypto world in 2019. 

What Do We Know About TON 

The new cryptocurrency will be tested and audited in the next quarter, and by the end of the year, the system’s wallet will begin its operation. The coin will be available in the very beginning of the next year. TON is a name for both token and the network, but later, after the token issuance, the coin will be renamed Gram. 

read more

South Korean Government Taking Charge of Blockchain Projects

South Korean Government Taking Charge of Blockchain Projects

The government of South Korea is multiplying its efforts to test the blockchain technology in the public sector by presenting new projects and increasing funding for the next year. 

Doubling the Effort 

The Korea Internet and Security Agency (KISA) – a sub-association of the Ministry of Information and Communications Technology (ICT) – said it intends to increase the number of blockchain pilots in the public segment from 6 to 12 in 2019. 

Next year, the budget meant for blockchain pilot projects will consist of over 10 billion Korean won, which is approximately $9 million. 

read more