Posts in category

Business News


South Korea’s SK Telecom is reportedly launching a blockchain-based platform for authenticating customers’ identities within the year. According to a ZDNet report on Tuesday, the telecoms giant – a subsidiary of the SK Group, one of the largest family-owned conglomerates in South Korea – is developing the new system in order to streamline user subscriptions and payment …

0 36

Mass media company Thomson Reuters has found that one in five of its financial services clients is considering trading cryptocurrencies this year. The firm recently surveyed more than 400 clients on its data and trading platforms, including Eikon, REDI, FXall and Elektron. About 20 percent of these clients were “really interested and actively exploring” launching cryptocurrency …

0 38

Regulation: It’s good for you, but it’s going to hurt. That seemed to be the main takeaway for the cryptocurrency industry from Monday’s Business of Blockchain conference at the Massachusetts Institute of Technology (MIT). On the one hand, the event was clouded by speculation that the U.S. Securities and Exchange Commission (SEC) may go as …

0 39

Orchid Labs is raising $125 million in a SAFT sale, filings from the Securities and Exchange Commission (SEC) reveal. According to a Form D published on April 20, Orchid has raised roughly $36.1 million out of a planned $125.59 million. Per the Form D filing, 42 investors have taken part in the sale of SAFTs …

0 37

Line, the Japan-based messaging app provider, is planning to build a custom blockchain aimed to boost development of decentralized apps for its platform. The news was revealed when the company, a subsidiary of South Korea’s internet giant Naver, set out its 2018 technology roadmap at its developer event last Friday. At the event, Euivin Park, …

0 37

For over two years, Coinbase users in Wyoming have been unable access their cryptocurrency. “I’d venture to guess I lost $100,000 to this bullshit law,” one resident complained on Reddit. It was out of the blue, too, when in June 2015 the U.S.-based exchange suddenly suspended services for Wyoming residents. This was after state regulators …

0 38

In bid to reduce carbon emissions, a group of Japanese technology and energy firms is launching a pilot project aimed to allow consumers in rural areas to trade renewable energy over a blockchain-based platform. Scheduled to start in June this year and endorsed by Japan’s Ministry of the Environment, the project will be supervised by …

0 36

Online travel booking agency CheapAir.com said Friday that it will switch bitcoin payment processors following a services change by Coinbase. CheapAir.com – which began accepting bitcoin back in 2013, a first for the global travel industry – explained the move in a blog post that revealed it was eyeing a move to accept bitcoin payments …

0 38

The CEO of Monex Group, Japan’s third-largest online brokerage, thinks Japan’s cryptocurrency exchanges – including the one his firm recently decided to buy – should be regulated more strictly. “Japan’s exchanges do both matching and custodial services – they’re close to a bank,” Oki Matsumoto told Reuters in an interview published Friday. “To someone in …

0 38

Building enterprise blockchains can be a pain in the neck. Since the technology is so new, much of its underlying infrastructure isn’t yet stable or automated, and as such, it demands that developers spend time rebuilding. The executives of Elemential know that headache well, and as such, are using their company to simplify the process …

0 38

Andrea Tinianow, Esq. is chief innovation officer at Global Kompass Strategies and was, until January, head of the Delaware Blockchain Initiative. David Adlerstein is a corporate attorney at Wachtell, Lipton, Rosen & Katz.   The views expressed in this article are solely those of the authors. Over many decades, the State of Delaware has established …

0 36

In the Lord of the Rings trilogy, “mithril” is a rare, indestructible metal whose beauty never tarnishes; in the real world, however, it’s the name of three different blockchain projects, all of which are trying to score pop culture points with investors. It’s of little surprise that the name has proven so hot in the …

0 38

Bitcoin trading platform LedgerX has seen a sevenfold increase in volume in the six months following its launch of cryptocurrency derivatives. Chief operating officer Juthica Chou told CoinDesk that the startup has seen roughly $7.5 million traded weekly through 700 swaps and options contracts. Since the platform launched its derivatives products, it has cleared $130 …

0 35

Amazon Web Services, the e-commerce giant’s cloud computing arm, has launched a new service for launching out-of-the-box blockchain networks for the ethereum and Hyperledger Fabric protocols. In a blog post published on Wednesday, AWS chief evangelist Jeff Barr wrote that the newly launched “templates” allows clients to “launch an ethereum (either public or private) or Hyperledger …

0 36

JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process. As reported by Reuters, the investment bank said in a statement Friday that trial, which took place on on Wednesday, mirrored a $150 million offering the same day by the the National …

0 37

Xunlei, the NYSE-listed cloud network provider, has launched its proprietary blockchain platform, despite ongoing class actions over an alleged initial coin offering (ICO). At a press event in Beijing on Friday, the company announced its open blockchain protocol dubbed ThunderChain, which is designed to enable developers to build decentralization applications. Based on the practical Byzantine …

0 35

Progress reports on blockchain projects in the banking and insurance sectors offered an illuminating comparison at the Blockchain Expo in London Thursday.   While bankers came across as browbeaten and anxious, their cousins in insurance were anything but. Indeed, the tone for banking was set on a panel looking at the potential of blockchain for …

0 37

Trust, but verify. Borrowed from a Russian writer, it’s one of crypto’s most widely embraced slogans, though one that’s becoming even more relevant on social media, where battling factions bent on promoting the next great high-tech investment are now turning the very symbols meant to protect users against them. Whether it’s an account impersonating the world’s largest …

0 38

Speaking at the Synchronize 2018 conference in New York City on Thursday, Nick Szabo, a pioneering cryptographer who first developed the concept of smart contracts in 1996, urged the audience not to lose sight of blockchains’ original promise. “I just want to plug the benefits of trust minimization and decentralization,” he said while participating in …

0 37

A pair of newly published patent applications from retail giant Walmart hints at a plan to store payments data using blockchain tech. The two applications – published on Thursday by the U.S. Patent and Trademark Office (USPTO) – both reference using a blockchain-powered platform to secure the payment data, ensuring that private information can’t be …

0 41