Day: August 10, 2018

Crypto Markets Attempt Recovery, Bitcoin Circles $6,500 Support

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August 10: Crypto markets are tentatively holding gains today, as they stake their recovery from the week’s earlier plummet. On August 8, total market capitalization had shrunk to $219 billion –– its lowest level since mid-November 2017 –– but today has seen that figure peak as high as $233 billion. Market visualization from Coin360 Bitcoin (BTC) is attempting to hold the $6,500 support at press time, trading at around $6,485 and up a fraction of a percent on the day. The leading cryptocurrency has seen a 24-hour high around $6,610,…

Satellite Service DISH Adds BCH Payment Option, Moves to BitPay Payments Provider

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U.S. satellite service provider DISH has announced it has added Bitcoin Cash (BCH) as a payment option and migrated to the BitPay payments provider, according to an official press release August 9. The DISH Network Corporation was among among the first satellite service providers in the world to accept Bitcoin (BTC) payments back in 2014. John Swieringa, the executive vice president and chief operating officer at DISH, said in the press release that the company has “a steady volume of customers paying with cryptocurrency each month”, adding: “We’ve added Bitcoin…

IBM-Maersk Blockchain Platform Is ‘Big Step Forward’

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Swiss-registered logistics giant CEVA Logistics has announced its participation in IBM and Maersk’s new joint blockchain platform TradeLens in a press release August 10. The partners unveiled TradeLens, which is dedicated to enhancing shipping supply chains, earlier this week. CEVA said the platform constituted its “answer to the untapped potential of blockchain applications in the logistics industry.” CEVA CEO Xavier Urbain noted in the press release that they see the “high potential” in TradeLense to be the “real-time access it provides to all partners in the supply chain,” adding “It…

Government to Consider Allowing Crypto Tokens, But Not Cryptocurrencies

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The Indian government is considering whether to allow crypto tokens to be used in the country, despite its hardline stance on cryptocurrencies, local news outlet DNA India reports August 10. A committee set up by the finance ministry, under the chairmanship of the Department of Economic Affairs (DEA) secretary, is reportedly working on a set of regulations and roadmap to allow certain crypto assets to be used in India. Once the draft proposals are finalized, the legislation will be tabled before the Parliament, according to DNA’s source. DEA secretary Subhash…

Regulated Trader Templum Hosts Security Token Sale for Luxury Resort

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Token trading platform Templum Markets has launched a sale of a security token on behalf of a popular Colorado resort. Accredited investors can now indirectly own shares in the St. Regis Aspen Resort by purchasing so-called “Aspen coins” through the regulated broker, the company announced Wednesday. Aspen coins represent shares in the resort through a holding company, according to a press release. In other words, each token is backed by the resort itself, though it is actually owned by a holding company and operated by asset management firm Elevated Returns.…

Blockchain Encyclopedia Launches as Developers Iron Out Token ‘Challenges’

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Cayman Islands-based blockchain startup Everipedia formally launched its peer-to-peer (P2P) encyclopedia August 9, a press release confirmed. Designed to be an “autonomous encyclopedia without the need for advertisements or donations,” the project uses the EOS network to function and will reward curators with its own token, dubbed “IQ.” Co-founder of Wikipedia turned Everipedia CIO Larry Sanger commented in the release that they are “elated to release [their] minimum viable network which allows users to vote on and create articles in a decentralized manner for the first time.” Talk of a…

Public Firm Becomes First to Launch an ICO in Singapore

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An e-commerce platform that recently launched a token sale aimed to raise $50 million has become Singapore’s first public firm to hold an ICO. Y Ventures Group, which went public on the Stock Exchange of Singapore last year, announced a plan for creating a blockchain-based e-commerce system in July and sent the sale of its AORA token live at the end of the same month. According to the firm, the tokens do not represent ownership of equity in the firm and, as such, should not be regarded as securities – a move…

This Free Tool Helps Check Your Diamond’s Provenance on a Blockchain

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Rare Carat, an American company that helps users in finding authentic diamond rings, has partnered with blockchain firm Everledger to launch a product that will keep a track of a diamond’s price, quality and origin. The new product, known as Rare Caret Report, is completely free and can be used both offline and online. In the official press release, Rare Carat explained that users will only need to enter the GIA (Gemological Institute of America) number of a diamond in order to make a decision. Details such as price, deal comparison,…

‘Big Four’ South Korean Bank Enters Blockchain Pact with Telecom Giant KT

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South Korea’s second-largest bank Shinhan Bank has entered into a partnership with the country’s second-largest telecoms provider KT Corp for the purpose of developing a new blockchain-based platform. The Korea Times reports that the new platform is intended to build on recent moves by regional governments across the country to introduce digital vouchers. Useful Competencies In July, CCN reported that KT Corp launched a commercial blockchain capable of handling 2,500 transactions per second, in the process becoming the first mobile carrier in the world to build such a platform. The network…

Venture Capital Firm to Launch $10 Million Crypto, Blockchain Investment Fund

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Singapore-based venture capital firm Golden Gate Ventures will launch a $10 million fund for investments in blockchain and cryptocurrency companies, Reuters reported August 10. Golden Gate Ventures (GGV), one of the leading venture capital firms in Southeast Asia, will invest in early-stage companies including cryptocurrency exchanges, security providers, and blockchain tech startups through the LuneX Ventures fund. Local tech media platform e27 reports that the fund was launched through a partnership between GGV and Kenrick Drijkoningen, GGV’s former head of growth. Drijkoningen told e27 that LuneX Ventures has a “strong…