BitGo Announces New Settlement System for Institutional Clients

BitGo Announces New Settlement System for Institutional Clients

Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain. BitGo announced this new service in a press release on May 14, 2019, describing some of the features that this new system will have. Assets “never need to leave custody,” according to the announcement, and “counterparty risk is minimized” with BitGo acting as custodian for both sides of any deal.
Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges

Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges

It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that. On February 22, 2019, the intergovernmental Financial Action Task Force on Money Laundering (FATF) published a draft recommendation for strict and uniform anti-money laundering (AML) regulation for cryptocurrency service providers, to be finalized by June 2019.
Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Chinese crypto exchange Binance suffered a major hack on Tuesday, which the company’s CEO responded to by proposing a rollback of the Bitcoin blockchain to rectify — a suggestion that riled up the community. The company formally notified the public via an announcement on the evening of May 7, 2019, claiming that the hackers had employed a diverse range of tactics from outright viruses to social engineering techniques such as phishing scams.
Samsung’s ‘Digital Transformation Framework’ Includes Blockchain Tech

Samsung’s ‘Digital Transformation Framework’ Includes Blockchain Tech

At Samsung’s Real 2019 event in Seoul, Samsung SDS CEO Hong Won-pyo described the company’s plans to add blockchain tech to its entrprise IT solution packages. Samsung SDS, formerly known as Samsung Data Systems, is the company’s IT consulting arm and it has been exploring blockchain tech for some time.
DUST Adds Physical Products to the Blockchain

DUST Adds Physical Products to the Blockchain

A new blockchain-powered startup led by three physical scientists promises to paint the world in diamond dust. DUST Identity’s service, known as DUST Ledger, allows users to enroll all manner of physical objects onto a blockchain, the founders claim. The system uses a product called the Diamond Unclonable Security Tag (DUST), a coating that uniquely identifies an object when it’s placed under a scanner. The coating is tagged to the specific object, be it a shipping container or transistor, allowing users to track the product’s provenance around the world, DUST Identity says.
How The Blockchain Can Streamline Gun Purchases

How The Blockchain Can Streamline Gun Purchases

GunBroker.com, a twenty-year-old company that sells between $600 and $900 million worth of firearms each year, has a problem. Its customers have only two reliable payment options, and they’re the same two payment options that were available to people who wanted to go see The Beatles play in 1965: cheques and money orders. “The reason they are money order or cheque is that, in some respects, the financial industry, for political reasons and consumer liability reasons, has really moved away from providing services to the firearms industry,” said Bitrail founder Cameron Chell, who is also an architect of KodakCoin.
Кошелек Blockchain добавил поддержку стейблкоина Paxos Standard

Кошелек Blockchain добавил поддержку стейблкоина Paxos Standard

Провайдер популярного криптовалютного кошелька Blockchain представил своим пользователям доступ к стейблкоину Paxos Standard. Токены PAX привязаны к доллару США в соотношении 1:1 и и регулируются Управлением финансовых услуг штата Нью-Йорк. Today, we’re excited to announce a new way to store value in your wallet with the addition of USD Pax 🎉 a crypto pegged 1:1 to the US dollar.
Cartoon: Distorting Mirrors

Cartoon: Distorting Mirrors

To many on the outside, the blockchain industry and speculative crypto markets are one and the same, which often leads to misunderstandings. For the two entities that regulate the market, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the result is that they tend to either look at the whole industry as an "unregulated mess" or view it with concerns about fraud or "operational risk." Ultimately, regulators view the blockchain industry through distorting mirrors.
Blockchain Acquires Startup for San Francisco Expansion

Blockchain Acquires Startup for San Francisco Expansion

London-based cryptocurrency wallet and data provider Blockchain will open an office in San Francisco, the company announced on Wednesday. The decision follows its recent acquisition of the team from software company Tsukemen, also formerly based in the Bay Area of California. The office will be staffed with several previous Tsukemen employees, with the company’s former CEO and co-founder, Thianh Lu, at its helm. Likewise, Fred Cheng and Chris Arriola, two former software engineers at the company, will join the office to assist with Blockchain’s software and mobile application development projects.

Компания Blockchain добавила ограниченную поддержку Bitcoin SV

Крупнейший в мире провайдер биткоин-кошельков Blockchain сообщил о добавлении ограниченной поддержки Bitcoin SV, образовавшейся после ноябрьского хардфорка Bitcoin Cash монеты. Тем не менее предпосылок для активации полного функционала на данном этапе нет, подчеркнули в компании. The dust has settled and we’ve introduced web support for Bitcoin Cash SV (BSV) under Settings > Addresses in your Blockchain Wallet.

Компания Blockchain может добавить поддержку стейблкоина

Крупнейший в мире провайдер биткоин-кошельков Blockchain намерен заключить соглашение о партнерстве с эмитентом стейблкоина к концу 2019 года, сообщает The Block со ссылкой на главу компании. Тем не менее, какой именно проект будет выбран для сотрудничества, пока неизвестно.

China Cracks Down on Anonymity of Blockchain and Crypto Service Providers

China has always been a very interesting region to keep an eye on when it comes to cryptocurrency. Unfortunately, that is not always for the right reasons either, which is what makes every bit of news a double-edged blade. In the latest “publicity stunt” Chinese officials are now looking for ways to deanonymize cryptocurrency and blockchain service users. China Still Dislikes Cryptocurrency Over the past few years, it has become increasingly apparent China has no real love lost for cryptocurrencies.

With Blockchain Regulation Comes Legitimacy, Says Exchange Founder

“People have tried to cling to the idea that all tokens are utilities and not securities,” says the founder of crypto-exchange ERC dEX, David Aktary.
Nydia Zhang of the Social Alpha Foundation: Using the Blockchain for Good

Nydia Zhang of the Social Alpha Foundation: Using the Blockchain for Good

As chairman and co-founder of the Social Alpha Foundation (SAF), Nydia Zhang has left a solid mark on the blockchain and cryptocurrency space, though, as a young art student at the University of Washington in 2011, blockchain was far from the direction she saw her life taking. Zhang earned her bachelor's degree in art history in 2015 and spent the next few years carving out a career for herself in the field of art management.
South Korea Is Trialing Blockchain Voting — Here’s What That Means

South Korea Is Trialing Blockchain Voting — Here’s What That Means

South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time. South Korean officials believe a blockchain voting system will increase both security and transparency, thereby improving people’s trust in digital voting.
Ohio Technology Funds Announce $100M Support for Blockchain Startups

Ohio Technology Funds Announce $100M Support for Blockchain Startups

Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups. As covered in Cleveland-based news organizations, JumpStart Inc.’s CEO Ray Leach initially announced this donation.
Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share. The “cryptocurrencies” category occurred in the game’s first round, with answers worth $200, $400, $600, $800 and $1,000 depending on their order and level of difficulty.
Po.et’s Mainnet Launch Puts Creative Content Data on the Bitcoin Blockchain

Po.et’s Mainnet Launch Puts Creative Content Data on the Bitcoin Blockchain

Disclaimer: The parent company of Bitcoin Magazine, BTC Media, LLC, is an affiliate of Po.et. Today, November 27, 2018, the Po.et team has taken its next step toward the verifiable web as it officially launches its proof-of-existence protocol on the Bitcoin mainnet. According to Po.et CEO Jarrod Dicker, media is a business and journalism is a product. Po.et was founded on the premise that good journalism and a profitable business model should go hand in hand.

Factom Price Continues Push to $10 as Enthusiasm Picks up

It has been a very interesting week for specific cryptocurrencies. The Factom price continues to rise at an alarming pace, whereas all other markets continue to face struggles. It is the fourth time this week the FCT value rises by several percents, and it seems to be a matter of time until the altcoin surpasses the $10 valuation. Factom Price Approaches a new Milestone It is quite interesting to see how different altcoins tend to respond to this bearish pressure.
Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)

Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)

Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.S. The traceable turkeys, a limited supply of which is also available through internet retailer Amazon, offer consumers a high-tech connection to the farm where the centerpiece of the meal began its journey to the table. The blockchain, which Honeysuckle White developed using Hyperledger’s Sawtooth platform, is intended to establish a “proven and trusted environment to build a transparent food chain, integrating farmers and producers, suppliers, processors, distributors, retailers, regulators and consumers,” according to a company release.
Snark.art Launches Blockchain Laboratory for Tokenizing Artworks

Snark.art Launches Blockchain Laboratory for Tokenizing Artworks

Brooklyn-based startup Snark.art has launched its blockchain laboratory to tokenize creative artworks of artists. The startup is kicking off with a partnership with acclaimed artist Eve Sussman whose project 89 seconds Atomized will be tokenized on the blockchain network and distributed to art lovers in pieces of digital blocks, which the company calls “atoms.
Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.
Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit Vejjajiva winning his party nomination with 67,505 votes. Party members were able to vote using two methods. The first method was through voting stations that utilized a Raspberry Pi-based system.

Blockchain to Bring Boost to Digital Entertainment Industry

The digital entertainment industry is unfair and largely one-sided. Large streaming and distribution platforms dominate the space and take the lion’s share of creators’ profits, leading to an imbalance between the ability of creators to negotiate the financing of their work and hosting platforms’ ability to justify their pricing. This applies to e-sport entertainment as well: large streaming platforms like Twitch either beat out or acquire smaller ones, and in cases where they don’t, their centralized content platforms give them flagrant control over where gamers stream and how much they make.