As Petro Launch Looms, Venezuela’s Bolivar Eyes 1.4 Million Percent Inflation

venezuela cryptocurrency petroBased on findings from the International Monetary Fund (IMF), the annual inflation rate for Venezuela could reach as high as 1.37 million percent by the end of 2018. Inflation estimates for the country have risen several times this year as Venezuela struggles with policies and production — and prepares to launch its Petro cryptocurrency No … Continued

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Watch out Wall Street, Blockchain is Coming: Fmr. JPMorgan Exec. Blythe Masters

blythe masters JPMorgan digital asset blockchainBlockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28

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Interview: How Blockchain Can Make Passwords a Thing of the Past

blockchain passwordREMME CEO Alex Momot spoke with CCN recently about the project’s goal to eliminate the need for passwords and related security problems using something he calls a “digital passport” that operates on a blockchain. Blockchain Tech Can Make Passwords Obsolete Instead of the password/username architecture, each user device is issued an SSL certificate. The certificate … Continued

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French Grocery Chain Integrates IBM’s Food Trust Blockchain

Carrefour IBM BlockchainIBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food … Continued

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Interview: Trader Says Tether Will be Replaced by New Stablecoins, Better for Crypto

tether cryptocurrency stablecoin usdtOn October 3, the price of Tether fell by more than 1 percent, creating a premium on crypto exchanges for traders purchasing major digital assets like Bitcoin with the stablecoin. In an exclusive interview with CCN, respected cryptocurrency trader and analyst Alex Krüger stated that Tether will likely not crash in the short-term, but the

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Major Auction House Christie’s to Integrate Blockchain Technology for Art Sales

Christie’s, a leading art business based in the United States is collaborating with Artory, a highly reputed independent digital registry for the art industry, to register the sales of artworks on the blockchain, according to a press release by Christie’s on October 11, 2018. As stated in its press release, the leading art auction house

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Monero Developer’s New Startup is Launching a Free Blockchain University

monero mining malwareSouth African blockchain startup Tari Labs has unveiled a free online university that makes training accessible to local and international blockchain developers. Tari was developed and launched earlier this year by local blockchain expert and Monero promoter Riccardo Spagni alongside American investors, Naiveen Jain and Dan Teree. Reasoning Behind New Project Tari particularly aims to readdress … Continued

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Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup

Gary Cohn blockchainThe blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup Spring Labs. Former Trump Advisor Joins Blockchain Startup In addition to his former position at Goldman Sachs, Cohn also worked in the White House as President Trump‘s … Continued

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‘Liquid Network’: Blockstream’s Bitcoin Sidechain is Now Live

bitcoin sidechain liquid network blockstreamSamson Mow, chief strategy officer at Blockstream, announced today that the blockchain startup has launched the Liquid Network, a Bitcoin sidechain. Liquid is, as described by the company, “an innovative sidechain built on the Bitcoin network, facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality.” The main purpose for the technology is … Continued

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Crypto Startup Pundi X Says That it Made the ‘First Blockchain Phone Call’

Having launched a crypto-based Point-of-Sale (POS) device earlier this year with the goal of making cryptocurrency payments easier on the go, Pundi X now claims to have made the first blockchain phone call, according to a recent Medium post by the company co-founder Pitt Huang. The call was made on the startup’s newest device, called

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Ethereum: We Haven’t Seen the Last of the Bug That Killed the DAO

ethereum The DAOMore than two years after the collapse of The DAO thrust the Ethereum community into civil war, one of the bugs that caused that caused that black swan event continues to lurk in many smart contracts, waiting to be exploited by hackers. That’s according to Emin Gün Sirer‏, a computer science professor at Cornell and

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Journalism Outlets Love Crypto and Blockchain—Look at Forbes Magazine

Forbes Civil partnership

Multiple journalism outlets have started to incorporate cryptocurrency and blockchain into their business models, which isn’t surprising; we knew this was coming. Back in July, Forbes magazine included crypto players in its ’40 under 40′ list. Last week, Time Magazine put a blockchain startup on its list of 50 innovative businesses. And this week, we have seen the market introduced to a Forbes Civil partnership.

A Forbes Civil Partnership: What Does This Mean?

On Tuesday, October 9th, the co-founder of Civil, a blockchain platform, confirmed that Forbes will be working with the blockchain-based platform to publish ...

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Roubini Calls Buterin a Dictator, Falsely Claims Crypto is Centralized

Nouriel Roubini, a proclaimed critic of the crypto sector, characterized decentralization as a myth, claiming that no system, currency, or protocol can exist in a peer-to-peer ecosystem. “Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is ‘dictator

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Jack Ma: I Pay Special Attention to Blockchain & Bitcoin to Create Cashless Society

Jack MaJack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerate Ant Financial, has said in a recent speech that he pays special attention to Bitcoin and blockchain technology, and the potential of establishing a cashless society. Although Ma is still studying the fundamental value Bitcoin and other major cryptocurrencies bring to the market, … Continued

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Australia Trials Citizen Disability Insurance Payments on a Blockchain

Australia Budget blockchainThe Australian federal government is testing a blockchain application to explore the use of blockchain technology to create ‘smart money’ for the country’s National Disability Insurance Scheme (NDIS). Dubbed “Making Money Smart”, the trial is jointly developed by the Commonwealth Scientific and Industrial Research Organization (CSIRO) – Australia’s federal science agency – and the Commonwealth … Continued

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Thailand Studies Blockchain for Applications in Intellectual Property, Trade Finance

Two feasibility studies on blockchain technology have been launched by Thailand’s Ministry of Commerce. The studies, which will focus on exploring the use of blockchain technology in trade finance and the registration of intellectual property, are expected to be completed in February 2019, per the Bangkok Post. According to Pimchanok Vonkorpon, the director of Thailand’s

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Takeoff: Airports Plenty Interested in Blockchain Applications, Study Reveals

Airports blockchainA new study has shown that the blockchain technology appears to be gaining traction, and attention in the airline industry. Per reports from airline focused magazine, Airport World, data from SITA Lab has revealed that blockchain technology attracted the most research attention in the industry in 2018. SITA, a technology research company responsible for stimulating … Continued

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Tron Says its Community is More Active Than Ethereum, Hackathon Shows Otherwise

Tron does not have a more active developer pool than ethereumDuring an interview with Investopedia on Oct. 5, Tron CEO Justin Sun stated that its developer community is more vibrant and active than Ethereum. When asked by the publication to provide five reasons why Tron is better than Ethereum, Sun said: “At TRON we always emphasize the importance of accessibility and our dedication to the

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China to Drafts for Three Domestic Blockchain Standards in 2018

The China Electronics Standardization Institute (CESI), a government organization under the country’s Ministry of Industry and Information Technology (MIIT), plans to release three blockchain standards for smart contracts, privacy and deposits as a way to improve the country’s development of the blockchain industry. The standards, which would be association based, were announced by Li Ming,

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China to Draft for Three Domestic Blockchain Standards in 2018

The China Electronics Standardization Institute (CESI), a government organization under the country’s Ministry of Industry and Information Technology (MIIT), plans to release three blockchain standards for smart contracts, privacy and deposits as a way to improve the country’s development of the blockchain industry. The standards, which would be association based, were announced by Li Ming, … Continued

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