Day: July 17, 2018

Bitcoin Above $7,000 as Positive Momentum Continues Following Yesterday’s Market Upswing

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July 17: Crypto markets are largely continuing to build on a major upswing that kicked off yesterday, July 16, according to Coin360 data, with virtually all of the top ten coins by market cap in the green. Market visualization from Coin360 Ongoing positive momentum now looks set to reverse the major valuation losses incurred last week, which could now prove to have been a temporary dip rather than a lasting downtrend. Bitcoin (BTC) is trading around $7,209, up a little over 8 percent over the 24-hour period to press time. The…

Japan’s GMO Internet to Use Blockchain in Its New Online Banking Business

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Japanese internet services giant GMO Internet Inc. has today launched a new internet banking business that will leverage blockchain as a central part of its technological arsenal. The news comes from a company announcement Tuesday, July 17. The project has reportedly been in the works since July 2016 via the ‘GMO Aozora Net Bank,’ in which GMO Internet, GMO Financial Holdings and Aozora Bank are joint investors. According to today’s announcement, blockchain will feature as a key component of the new venture, alongside other cutting-edge technologies such as artificial intelligence…

Crypto Daily News | Block.one Funding, IBM Blockchain, & Boeing Planes

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In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology. Crypto Daily News: June 17th, 2018 Block.one Gets Funding EOS developer Block.one has secured investments from the crypto-mining billionaire Jihan Wu of Bitmain, and the billionaire PayPal co-founder Peter Thiel. Block.one made the official announcement via a press release on its website yesterday. Block.one’s CEO, Brendan Blumer, made a statement about the…

Boeing Will Use Blockchain Tech to Track Unmanned Air Vehicles

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Aerospace giant Boeing has announced its intention to tap blockchain technology to keep an eye on unmanned air vehicles used for cargo transport and urban air travel in the future. Boeing is partnering artificial intelligence (AI) firm SparkCognition to develop a decentralized platform capable of ‘tracking unmanned air vehicles in flight and allocate traffic corridors and routes’ to ensure secure transportation, the company said in an announcement on Tuesday. The collaboration will notably make use of blockchain technology to monitor Boeing’s planned next-generation air vehicles that the company plans to…

Boeing to Develop Blockchain-Enabled Unmanned Vehicles in New Partnership

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Boeing is partnering with an artificial intelligence (AI) company to develop pilotless vehicles and other products using blockchain, it announced in a press release July 17. Texas-based SparkCognition, a company which Boeing invested in in a $32 million funding round last month, will work with the aviation giant on a platform which will track unmanned air vehicles and allocate flight corridors. As a byproduct of this development, the partnership “will also provide a standardized programming interface to support package delivery, industrial inspection and other commercial applications,” the press release explains.…

IT Giant Oracle Confirms General Release of Its Blockchain Cloud Service

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US computer technology multinational Oracle confirmed the general release of its blockchain platform in an official press release July 16. The launch follows a series of trials with banking, business and government clients. Oracle Blockchain Cloud Service (OBCS) focuses on transaction efficiency and supply chain authentication, using Hyperledger Fabric as its basis. Existing users of a pre-release version of the product include Arab Jordan Investment Bank (AJIB), Indian Oil and Nigeria Customs, according to the press release. “Blockchain promises to be one of the most transformative technologies of our generation,”…

New Mining Pool Vows to Enhance Profitability While Reducing Power Consumption

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A startup blockchain company, with a team featuring former executives from Samsung Electronics, have unveiled plans to invigorate the way cryptocurrency mining is performed – creating an infrastructure designed to enhance profit and help blockchain technology become more prolific in everyday life. 12SHIPS says it wants to tackle some of the issues that miners currently face as they use air cooling systems. The company claims many of the methods used at present are incredibly energy intensive and create dust – byproducts which have a detrimental effect on the performance of semiconductor…