Day: September 19, 2018

Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency

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A Singapore blockchain startup is launching a fleet of blockchain-enabled electric vehicles that mine crypto as users travel. The company intends to reduce carbon emissions and to reward people for doing so. Cars and climate change Road vehicles such as cars, trucks and motorcycles are the largest contributors of CO2 emissions in the transport sector, overshadowing that of trains, planes and boats. In the United Kingdom, the transport sector is the U.K.’s biggest contributor to CO2 emissions, and at present, there is a scramble not only in the U.K. but worldwide to put…

Tradeshift CEO Prudent on Blockchain Supply Chain Potential

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Digital invoicing startup Tradeshift CEO Christian Lanng countered “hype” over blockchain’s role in supply chains Wednesday, September 19, telling CNBC the technology “wasn’t ready yet.” In an interview at the World Economic Forum in Tianjin, China, Lanng highlighted the use cases for blockchain in areas such as identity and certifications, but argued supply chains were too much of a challenge for the technology in its current state. “If you want to have authenticity, if you want to know where it is sourced, that it is done in a responsible way…

Will There Be a Bitcoin Cash (BCH) Hard Fork in November?

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The Bitcoin Cash (BCH) network is scheduled for a protocol upgrade on the 15th of November. The changes on the network have so far been classified as ‘recommendations’ and not ‘a consensus’ by the community. The recommended changes are summarized as follows: When the median time past [1] of the most recent 11 blocks (MTP-11) is greater than or equal to UNIX timestamp 1542300000, Bitcoin Cash will execute an upgrade of the network consensus rules according to this specification. Starting from the next block these consensus rules changes will take…

Binance Reveals Plan to Launch Crypto Exchanges on Almost Every Continent

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One of the world’s largest crypto exchanges by trading volume wants to set up fiat-to-crypto trading platforms on almost every continent. Binance founder and CEO Zhao Changpeng closed out the first day of CoinDesk’s Consensus Singapore event with a fireside chat, where he discussed a range of topics, including how he grew Binance from a startup with a $15 million initial coin offering to one of the world’s largest crypto exchanges and his future vision for the platform. During the conversation with CoinDesk’s Pete Rizzo, Zhao indicated that by this time…

Major Banks, Industry Players to Launch Blockchain-Based Commodities Platform

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A group of major global banks, trading firms, and a leading energy company have launched a joint venture that will oversee a new blockchain-based platform for financing the trading of commodities, Reuters reports September 19. The Swiss-based venture, dubbed komgo SA, has been established by a host of international financing, trading, and production institutions that include ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS, and Societe Generale. The venture will digitalize trade and commodities finance processes…

Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain

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UK’s leading port operator, Associated British Ports (ABP), has signed an agreement with digital logistics enabler Marine Transport International to develop blockchain use for port logistics, Dry Bulk magazine reports Wednesday, September 19. Under the agreement with Marine Transport International, ABP — which operates in 21 ports and carries out 25 percent of the cargo shipments in Great Britain — will take part in pilot shipments using blockchain technology. According to Dry Bulk, each party in ABP’s supply chain lacks connection with others, as port operators, carriers, and shippers use…

Reasons why traders expect Cardano’s price to surpass $0.07 once again

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Currently, the cryptocurrency market seems to be on an uptrend. Most digital currencies have experienced gains, for instance, Cardano gained 4% in the last 24 hours. Additionally, the coin’s price is expected to surpass $0.07 once again due to the reasons discussed below. Price Analysis   Cardano (ADA) finally made it above the major $0.07200 mark which tanked the price for a week now since the major decline on Sep 12th. A correction could be on its way but looking throughout the market, it is very much possible that the…

US Regulator Acts Against Crypto Firm Falsely Claiming to Represent Coinbase, Cointelegraph

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The Texas Securities Commission (TSC) has issued an emergency cease and desist order against a Russian crypto firm, according to an official press release published September 18. The Texas regulator states that the company allegedly misappropriated both Coinbase and Cointelegraph materials to attract investors. The firm, operating as Coins Miner Investment Ltd., is said to have spoofed the email address of major U.S. crypto exchange and wallet service provider Coinbase in order to make its email solicitations to investors seem as if they were endorsed by the entity. The cease-and-desist…

R3’s Hearn and Brown Say Enterprise Blockchain’s Day of Reckoning Is Here

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This space ain’t big enough for all of us. That about sums up the way R3’s technical chiefs, CTO Richard Gendal Brown and lead platform engineer Mike Hearn, view the rivalry among enterprise blockchain solutions. While it may be more genial and less chaotic than the public blockchain world that Hearn left behind when he quit work on bitcoin in 2016, enterprise tech is still a competitive business. And speaking to CoinDesk last week during R3’s CordaCon event in London, the two executives described this game as, if not quite…

Singapore’s Crypto Market is Blooming, Korea’s Largest Exchange Moves

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Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, has officially announced the launch of Upbit Singapore, which will be fully operational by October. Upbit Singapore CEO Alex Kim explained in an official statement that local users in Singapore will be able to trade all of the cryptocurrencies integrated by partner exchange Bittrex with 24/7 real-time security monitoring and firewall system for enhanced security. Kim emphasized that Dunamu’s decision to expand to Singapore was encouraged by the positive approach of the Monetary Authority of Singapore (MAS) towards cryptocurrency…