Bithumb Hacked Again. USD 19 Million in EOS and XRP Stolen

South Korean crypto exchange Bithumb has faced a hack, with assets of USD 19 million in EOS and XRP siphoned off. Insider Hack According to the information, the exchange reported that it had detected unusual activity involving large number of withdrawals from their platform. Suspecting wrongdoing, they immediately clamped down on all transactions. The official […]

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Major Indian Bank Joins Ripple for Remittances

A major private Indian commercial bank, the Federal Bank, announced that it had joined Ripple to speed up its cross border remittances. From Middle East to India With a heavy population living and working in the Middle East, Indian banks receive a lot of money in the form of international remittances from that area. As […]

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New Weiss Crypto Analysis Gives Top Grade to XRP, EOS and BTC

The latest Weiss report on cryptocurrencies has been published, with the highest ratings achieved by Bitcoin (BTC), Ripple (XRP) and EOS (EOS), according to a press release. Weiss’ Bright Crypto Future The report, titled “Dark Shadows with a Bright Future”, is compilation and analysis of 120 cryptocurrencies. The report looks into different offerings, adoption and […]

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CEOs of MasterCard and Wells Fargo Say Blockchain Full Potential Yet to be Realized

CEOs of financial institutions of MasterCard and Wells Fargo, both said that blockchain technology has a lot of potential which is yet to be realized. Fintech Ideas Festival The comments from the leaders of organizations were said during the Fintech Ideas Festival, held in San Francisco, California. According to Ajaypal Banga, CEO of payment processor […]

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HSBC SVP Says CFTC Should Make “Some Positive Words” for Blockchain

Senior Vice President of HSBC, Jesse Drennan, has urged Commodity Future Trading Commission (CFTC) to promote Decentralized Ledger Technologies (DLT) such as blockchain in order to encourage adoption of the technology. Blockchain is Beneficial The recommendation from Drennen came during the regulator’s Technology Advisory Commission last Wednesday. He said, “It would also be beneficial if […]

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Chocolate Company Hershey Joins Blockchain Advertisement Platform AdLedger

Hershey, the chocolate production company, has joined AdLedger, a blockchain based advertisement consortium. Distributed Chocolate Announced on March 26th, the American chocolate confectionary giant is now onboard one of the biggest blockchain platform for advertisement. It is reported that Hershey was also accompanied by a major French media group, Publics Media and The Global Audience […]

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Samsung Subsidiary SDS President: Blockchain can “Improve Supply Chain Management”

Samsung’s IT subsidry, SDS’ President has said blockchain can improve manufacturing efficiency through effective use in supply chain. Blockchain to Improve Process and Enhance Trust According to the local media platform, Sina Technology News, the firm’s leader talked about how blockchain technology could help productivity to increase through real time data analysis in conjunction with […]

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Shipping Giant UPS to Facilitate B2B Sales with Blockchain

UPS, the U.S. based shipping firm has announced that it will be offering a new commerce platform for its business to business (B2B) sales that will be based on blockchain technology. Inxeption Zippy The new ecommerce platform, called Inxeption Zippy, is being developed by the commerce firm, Inxeption. The platform will be an online catalogue, […]

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BMW And Intel Partner With Singapore Government for Blockchain Accelerator

Asian Chapter of BMW has setup a blockchain accelerator program for the Singapore government in collaboration with Intel and Nielson. Tribe Accelerator The government backed blockchain accelerator program, called Tribe Accelerator announced the team work last Friday. The accelerator program said it will be leveraging different technologies and expertise the partner firms’ offer. This will […]

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An In-depth Look at Blockchain Technology

The blockchain technology is a hybrid of three elements that make it so useful, reliable, accurate, convenient, and efficient. Specifically, it is a byproduct of three technologies combined together. It incorporates private key cryptography, the internet, and protocol governing incentivization. This made Satoshi Nakamoto’s idea so brilliant and useful. The blockchain features:- The blockchain protocol […]

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Facebook Aggressively Expanding Crypto Team, Looking for Crypto Lawyer

Facebook is further expanding its blockchain team. The latest opening is for a crypto lawyer. Blockchain and Payment Experience The senior lawyer, as per the requirements posted, needs to be experienced in blockchain and payments systems at the same time. The incumbent, titled Lead Commercial Council, will be a proactive, diligent team player who will […]

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Machi X Officially Launches Social Marketplace for Intellectual Property Beta

Machi X has officially launched its Beta marketplace for intellectual property (IP) and copyrights, presenting a new opportunity for artists to capitalize on their creations by directly connecting with their fans and supporters. The platform is predicated on tokenizing IP and copyrights to enable artists to distribute fractional ownership straight to their fans on the […]

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Payment Processer Square Wants Blockchain Engineers on Staff. Will Pay in Bitcoin

U.S. based Square, a major payment processor has announced it is looking for crypto engineers. Bitcoin Salary The announcement was made by the CEO, Jack Dorsey through a tweet. In it he said that Square is looking for 3 to 4 crypto engineers, along with a designer. They hiring will be working full time on […]

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AlibabaCoin Finally Taken By China’s Alibaba Group

The ABBC Foundation — formerly the Alibabacoin Foundation — has reached a settlement over its name with Alibaba Group Holdings Ltd, the Chinese e-commerce giant, confirmed sources close to the ABBC Foundation. The trademark dispute between the two companies arose over the use of the ‘Alibaba’ name with the ABBC Foundation’s cryptocurrency — Alibabacoin. The […]

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“Partnership Instead of Competition” JP Morgan Chase Executive on Cryptos and Fiat

JP Morgan Chase’s Global Head of eCommerce Solutions has said, “There’s more partnership instead of competition” between crypto disruptive industry and traditional financial institutions. CNBC Interview The comment from the executive, Ron Karpovich, came during his interview on CNBC’s Squawk Box on March 20th. The statement came from Karpovich when the host of the show […]

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VISA Seeks Blockchain Product Manager

Visa, the payment processing giant, is seeking out blockchain talent for a Technical Product Manager. Decentralized Visa Service The American payment firm Visa has the job posting on Smart Recruiters, a talent searching outsourcing platform. The position of Technical Product Manager is for its Palo Alto office. The manager will be reporting directly to the […]

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Bank of Mexico Confounds Crypto Industry With New Rule

The Central Bank of Mexico has published new rules related to crypto, leaving the industry confused over its impact Financial Companies Not Authorized The new rules, published just as the weekend closed, stated that the Bank of Mexico “wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” The new rule was published in […]

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Western Union Experiments with Ripple, Considers Adopting

Global payment services Western Union is now testing Ripple for payment settlements. Under Consideration Western Union’s use of Ripple (XRP) is still under a test phase and the organization has not announced whether it will formally adopt the cryptocurrency or not. According to the CEO, Hikmet Ersek’s update, Western Union still has to decide if […]

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“Worlds First Full-stack Cryptocurrency Ecosystem” Announced by Nasdaq

Nasdaq, has announced through a press release of a full-stack cryptocurrency ecosystem. The second largest stock exchange in the world will do this by allowing crypto trading platform, Bcause LLC to use its trade matching technology. World’s First Declared as a world’s first, Bcause LLC will be launching the exchange in the coming months. It […]

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U.S. Republican Leader Wants Blockchain for Government Transparency

The U.S. House of Representative’s Republican leader, Kevin McCarthy, has proposed to determine if blockchain technology can help in bringing efficiency and transparency to the U.S. government. Transparent Legislative Process Republican McCarthy floated the idea in front of the Select Committee on the Modernization of Congress, last Tuesday. During his speech, he said that blockchain […]

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Is New York Times Planning a Blockchain Publishing?

The New York Times (NYT) posted a blockchain job opening on its website on 13th March. Blockchain Exploration Lead NYT, the second largest newspaper in circulation in the United States, posted a job opening for a Blockchain Exploration Lead on its website, seeking a “forward looking leader who will help envision and design a blockchain […]

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Major UK Energy Producer OVO Backs Blockchain Energy Tech Company

OVO, a major UK energy company has invested in Electron, a blockchain based energy management firm. Decentralized Energy Trading and Management The investment by OVO has been made through Kaluza, its energy technology division. Kaluza has been specifically created by OVO to provide software and hardware support to the energy sector. The investment by Kaluza […]

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IBM to Develop Blockchain Solutions for Credit Union Service Organization

Technology giant IBM has announced a partnership with a Credit Union Service Organization (CUSO) for developing blockchain solutions for the credit industry. CULedger CULedger , a CUSO will be working with the international technology company IBM for creating a decentralized, immutable auditing trail that will help transform the current industry.  The service will primarily consist […]

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European Union Wants Interoperability in Blockchain

The European Union has stressed the need of a standardized blockchain protocol that would allow interoperability and scalability. Boosting Blockchain in Union The European Union Blockchain Observatory and Forum, a commission that looks into the possibility of adapting and finding opportunities to use the decentralized technology, has said that blockchain technology is in dire need […]

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U.S. Sea Food Giant, Bumble Bee Joins Hands With SAP for Blockchain Traceability of Food

Bumble Bee Food, the largest American Sea Food Brand, has partnered with German technology company, SAP for shifting its supply chain traceability on blockchain. Decentralized Food Chain According to the announcement made through a press release, the sea food company will be using SAP’s Cloud Platform Blockchain, a service dedicated for enterprise decentralized systems. The […]

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More Blockchain Openings At Facebook, Now At 20

Facebook, the social media giant is ever expanding its blockchain team. Blockchain Careers The world’s largest social media platform’s career page now has a list of 20 openings related to the decentralized technology. The openings are from a varied background that includes technical ones such as data scientist, technology communication director and other engineers. The […]

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UNICEF to Provide Internet to Schools in Kyrgyzstan Through Blockchain

The United Nations International Children’s Emergency Fund (UNICEF) is exploring the possibility of using blockchain to provide internet to schools in Kyrgyzstan. Project Connect The initiative is being done under the nonprofit organization’s broader program called Project Connect. Under the project, the organization intends to connect every school in Kyrgyzstan to the internet. The intention […]

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Twitter CEO Hints at Investing USD 10,000 Per Week in Bitcoin

Twitter’s CEO has hinted at investing USD 10,000 per week in Bitcoin. Weekly Bitcoin Limit In a podcast on 4th March Twitter CEO Jack Dorsey discussed on how he started to investigate and use Bitcoin initially. He further pointed out how he sees the world’s largest cryptocurrency and Twitter on the same page. Dorsey also […]

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IBM’s X-Force Red Releases Enterprise Blockchain Security Tool

IBM has announced the launch of its X-Force Red team’s security testing tool for blockchain solutions. X-Force Red Blockchain Testing Service Announced through a press release on 5th March, the tool, known as X-Force Red Blockchain Testing Service is designed to inspect and point out flaws and shortcomings in a blockchain ecosystem.  Even though the […]

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HTC Blockchain Phone to Have Opera Powered dApps

Smartphone manufacturer HTC has revealed that it will be partnering with Opera browser team for availability of decentralized apps (dApps) for its Exodus blockchain phone. dApps Galore Decentralized applications, or dApps, are applications that are based on decentralized systems such as blockchain. The Hong Kong mobile company has announced in tweets that the mobile will […]

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Milk on Blockchain: Retail Giant Carrefour Guarantees Freshness

France based retail giant, Carrefour is now using blockchain for end to end supply chain tracking of fresh milk. Carrefour Quality Line The new blockchain product is called the Carrefour Quality Line (CQL) micro filtered full fat milk. The CQL, based on blockchain, ensures customers that they can track the complete supply line of the […]

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Utah Money Trasmitter Act May Not be Applicable on Blockchain Firms

A bill has been introduced by a Utah Senator which would see blockchain firms exempted from being classified as money transmitters. Blockchain Task Force The Monetary Transmitter Act is a set of rules that govern all entities that act as money transfer and transmittal agents. The new bill, introduced by Republican Senator Daniel Hemmert, states […]

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Saudi ATM Provider to Use Blockchain for Enhanced Security

The Largest ATM service provider in Saudi Arabia has partnered with blockchain identity firm ShoCard for enhanced security of ATM transactions. 5 Factor Authentication According to a press release, Alhamrani Universal (AU) service provider will be using the expertise of ShoCard to develop a secure identification system of ATM users by employing a combination of […]

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