Day: July 16, 2018

Crypto Daily News | Crypto World Cup Results, BlackRock, & AMEX

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In today’s edition of Crypto Daily News, we’ll cover the winner of the Crypto World Cup, BlackRock eyeing Bitcoin, and the details of American Express’s blockchain exploration. Charles Hoskinson/France Wins it All This Saturday, France duked it out against Croatia in the World Cup, and France won 4-2. Here at CryptoCurrencyNews.com, we held our own ‘Crypto World Cup’ in which we randomly paired cryptocurrency celebrities with countries competing in the global tournament. The Crypto World Cup ended up being a phenomenal event, and we’d like to congratulate Charles Hoskinson/France for…

Stock Photo Marketplace Connects Photographers With Customers Directly Via Blockchain

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A blockchain-driven, curated stock photography marketplace is helping artists increase their earnings — by giving them the chance to connect with their buyers directly. Wemark believes the current, centrally controlled nature of the industry disadvantages photographers. The company claims major agencies can take up to 85 percent of the revenue that’s generated when one of their images is sold — and, as a result, it can be hard for even professionals to make a living. Shutterstock now has over 200 million images in their collection, and it became extremely difficult…

Accenture, Thales to Debut Blockchain Tool for Aerospace Supply Chains

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Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain, according to a press release July 16. Based on Hyperledger Fabric and set for its debut at the UK’s Farmborough Airshow July 21-22, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to “track, trace and authenticate aircraft parts and materials.” “The aerospace and defense industry has one of the world’s most vast and complex supply chains,” John Schmidt, global managing director for Accenture’s…

EOS Developer Block.One Secures Investments from PayPal’s Peter Thiel, Bitmain’s Jihan Wu

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EOS developer Block.one has secured investments from billionaire PayPal co-founder Peter Thiel and crypto mining hardware billionaire Jihan Wu of Bitmain, according to an official announcement today, July 16. Block.one is the creator of the EOSIO software, a blockchain protocol that aims to support decentralized apps (dApps) on an industrial scale. The protocol’s native cryptocurrency EOS is currently ranked fifth in the world with a market capitalization of $7.1 bln.   Other notable co-investors of Block.one’s latest funding round –– of which the exact total is yet to be revealed ––…

A Crypto Exchange Is Buying Back $24 Million-Worth of Its Own Tokens

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FCoin, a new cryptocurrency exchange that saw spiking trading volume recently due to its controversial revenue model, has revealed a plan to buy back millions of its own tokens to provide capital for a new fund of funds. The exchange announced last Friday that the new fund will be backing a group of selected token funds to further invest in blockchain and cryptocurrency projects. The funds invested in will all be accredited sponsors, it added. During an initial phase, it will allocate 100 million of its own FT tokens – worth…

Bitcoin Reclaims $6,600, Altcoins Gain up to 9% Today as ETF Giant BlackRock Eyes Crypto

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Crypto markets are on an upswing today, July 16, as data from Coin360 shows, with Bitcoin (BTC) reclaiming the $6,600 price point. Today’s notable market growth is likely bolstered by news that the $6.3 trillion asset management heavyweight BlackRock –– the world’s largest provider of exchange traded-funds (ETF) –– is beginning to assess potential involvement in Bitcoin, according to reports from Financial News. Market visualization from Coin360 Today’s solid market gains are poised to turn around negative momentum that has thwarted price performance since market descent that began July 10.…

Bitcoin Spikes to $6,600 as Crypto Market Finds Momentum

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After a week of stability in the $250 billion region, the crypto market has started to demonstrate solid momentum, potentially eying a breakout to the $300 billion mark, supported by a rally initiated by bitcoin and Bitcoin Cash. On July 16, the price of bitcoin, ether, Ripple, Bitcoin Cash, and EOS increased by 3 to 8 percent, with EOS recording the largest gain amongst major cryptocurrencies. The volume of BTC, which has been a key indicator for short-term growth, has rebounded to $4.5 billion, while the volume of ether, the…

New Platform Provides Insurance for Blockchain Companies

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iXledger, a company founded in early 2017 in London, U.K., has launched Blockchain Insurance, a platform that enables blockchain companies to obtain business insurance quotes based on a risk assessment. The platform presents exposures in metrics relevant to the underwriters, insurers and reinsurers. The company says that the team has launched the platform in partnership with experts in London’s insurance markets. It is specifically tailored to protect blockchain businesses from risks associated with legal threats, financial exposure, cyber risk and crime. The iXledger platform provides a number of features that…

BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

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The world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin (BTC), Financial News (FN) reports today, July 16. The move furthers a U-turn on BlackRock’s previously critical stance towards cryptocurrency.  Following in the footsteps of fellow giant Goldman Sachs, the cross-industry working group convened by BlackRock will among other things focus on whether the company should invest in Bitcoin futures, FN reports, citing “two people familiar with the matter.” In general comments to FN, a spokeswoman from BlackRock said…

Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform

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Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT reports. A major aim of the 21-party scheme is to reduce the amount of time and bureaucracy involved in signing up new fledgling businesses to banking services by smoothing over transactions.   Using blockchain, “some” transactions…