Posts in category

Use Cases & Verticals


New York-based startup BlockFi, which provides loans to crypto-asset owners using their bitcoin and ether holdings as collateral, has secured $1.55 million in a just-closed funding round. The company, which received backing from ConsenSys Ventures, SoFi and Kenetic Capital among others, wants to “bridge the gap” between capital markets and the cryptocurrency ecosystem, according to …

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Cryptocurrency enthusiasts have proved quite charitable, at least as far as Fidelity Charitable is concerned. Announced today, the global charity revealed it has received $69 million in cryptocurrency donations in 2017, making it the fastest-growing asset type accepted by the firm. According to Fidelity Charitable’s annual report, the funds, which included donations in bitcoin and …

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South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain potential in interbank clearing and settlement. According to an official statement dated Feb. 13, the South African Reserve Bank (SARB) revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept …

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Two subcommittees in the U.S. House of Representatives will discuss potential applications for blockchain in government during a hearing on Wednesday. “Beyond Bitcoin: Emerging Applications for Blockchain Technology,” scheduled to begin on Wednesday at 10 a.m. EST, is likely to constitute a broad overview of the technology – a key first step ahead of any …

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A house on a blockchain? That’s the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database. In this way, the tokens would allow for what entrepreneurs are calling “fractional ownership,” or the ability for a real estate …

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Cryptocurrencies could one day help investors diversify their equity and bond portfolios, analysts for JPMorgan Chase wrote in a new, 71-page research report focused on the tech. The report, entitled “Decrypting Cryptocurrencies: Technology, Applications and Challenges” and dated Feb. 9, was drafted by the bank’s Global Research unit. A copy obtained by CoinDesk explores a …

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T-Mobile has been quietly toiling away on an enterprise blockchain solution for months, and it looks primed to make a big reveal soon. The telecom giant’s interest in blockchain was most recently advanced after the company was prominently mentioned for its role in helping develop Hyperledger Sawtooth’s 1.0 version. Yet, its overarching blockchain work is not widely …

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CME Group may be looking at ways for developers to modify a blockchain’s rules without requiring consensus from all of the network’s nodes, new patent filings show. It’s a key need for such systems, such as those that form part of airline reward points programs and other applications in which a blockchain is used to …

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Kade Morton is a security consultant and open source enthusiast. In his spare time, when he isn’t volunteering for Mozilla, he’s working on his own open-source decentralized application, Aletheia. Follow him on twitter @cypath In a recent CoinDesk op-ed, Sandro Ro urges the blockchain community to “construct and act by a new culture whereby our companies …

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Taiwan’s capital city of Taipei is working with the IOTA Foundation to bring blockchain technology to its citizen identification plans. Department of Information Technology commissioner Wei-bin Lee confirmed that Taipei would be partnering with IOTA and local startup BiiLabs for its Digital Citizen Card project, telling CoinDesk that the effort was one of many proof-of-concept …

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Galaxy Digital, the crypto-asset merchant bank launched by former fund manager Mike Novogratz, has made its first major investment. Everipedia, the decentralized offshoot of Wikipedia, announced Thursday that it had secured $30 million through an equity sale led by Galaxy Digital’s EOS.io Ecosystem Fund. The funding round was restricted to strategic investors, according to statements. The …

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One hedge fund manager isn’t buying Kodak’s blockchain pivot. In a research report released Wednesday, Kerrisdale Capital alleges Kodak’s blockchain effort isn’t genuine, going so far as to call it “a last-ditch stock promotion gambit for a company hurtling towards bankruptcy.” Kerrisdale holds a short position on Kodak’s stock, and is known for giving strong …

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Wien Energie, the largest energy supplier in Austria, is testing a range of blockchain use cases in anticipation of building fully-fledged services around them. “We are testing blockchain-based services in Vienna’s Viertel Zwei and once we have collected enough experience there, we will develop business models and bring them to the market,” Wien Energie’s chief innovation …

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Venezuela’s much-maligned “petro” cryptocurrency could be joined by another, similar venture if the country’s leader, Nicolas Maduro, gets his way. According to a report from Al Jazeera, which cited a local radio broadcast, Maduro plans to propose that the Organization of the Petroleum Exporting Countries (OPEC), of which Venezuela is a member, to adopt a common …

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Chinese payment provider LianLian is joining RippleNet, the payment network that uses Ripple’s blockchain technology to facilitate cross-border transactions. Announced on Feb. 7, the news will see LianLian Pay adopting Ripple’s xCurrent solution in an effort to bring same-day, cross-border transactions onto a blockchain for its existing customers. The product differs from Ripple’s xRapid solution, …

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Blockchain startup Templum has acquired Liquid Markets Group’s broker-dealer and alternative trading system Liquid M Capital LLC. The regulated “tokenized asset” trading platform hopes to enable users to trade cryptocurrencies in compliance with U.S. securities regulations, notably treating digital assets as securities, the company announced in a press release today. Prior to the acquisition, Liquid …

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Agility, a global third-party logistics provider, has joined IBM and Maersk’s blockchain collaboration, the companies announced Tuesday. As previously reported by CoinDesk, IBM and Maersk revealed their global trade digitization platform, built on the Hyperledger Fabric 1.0 blockchain, in January. DuPont, Dow Chemical, Tetra Pak, the U.S. Customs and Border Protection and others piloted an …

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BNSF Railway, a major U.S. freight railroad network owned by Warren Buffet’s Berkshire Hathaway, has become the latest member of the Blockchain in Transport Alliance (BiTA). Announcing the news on Feb. 5, BNSF said in a statement that it joins the alliance in an effort to work with other members to set standards for how data can …

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Facebook Messenger is unlikely to embrace cryptocurrency payments anytime soon according to David Marcus, Facebook’s vice president of messaging. In a recent interview with CNBC, the former president of PayPal pointed to perceived issues with existing cryptocurrencies, specifying high transaction fees and slow transaction times as reasons why the product isn’t likely to introduce the …

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Silicon Valley startup Lino is preparing to take on YouTube with a decentralized, collectively-owned video content distribution system that purports to cut out the middleman to more fairly compensate content creators. The company, which faces competition from Streamspace, Flixxo, Viuly and Stream, all of which are developing similar concepts, received a $20 million vote of …

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