Day: September 22, 2018

UK’s Biggest Port Operator to Explore Blockchain Solution

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The privately run UK port operator, Associated British Ports (ABP), has inked a Memorandum of Understanding with freight forwarder Marine Transport International to explore a blockchain technology application aimed at improving connectivity at the 21 ports it runs. The MOU will see ABP try out a blockchain solution developed by MTI, thereby helping ease one of the biggest headaches in the logistics sector – lack of system interoperability. The solution is expected to enhance efficiency as no time will be wasted on manually re-entering data. Currently, the port operator handles…

Ripple briefly flippens Ethereum to become the second largest cryptocurrency

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A flippening has once again appeared in the crypto market, but to the shock of many, it is not what was long anticipated. Bolstered by a seemingly-parabolic rally not witnessed since January, Ripple managed to nearly flippen Ethereum to become the second largest cryptocurrency. This is after the coin’s price tripled in value in a week after struggling as one of the worst performing top cryptocurrencies this year. Price Analysis Ripple (XRP) gained more than 80% Friday to a high of 77 cents, bringing its gains this week to 185%,…

SEC Delays Bitcoin ETF Again, Despite 99 Percent of the Public Being in Favor

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The U.S. Securities and Exchange Commission has once again delayed its decision on the VanEck and Solid X backed exchange-traded fund, looking to invite more feedback, the agency said in a September 20, 2018, filing. More Delays It seems that the wait for an exchange-traded fund that invests in Bitcoin is nowhere near finished, as the SEC seeks additional comments on a listing request. In the filing, the Securities and Exchange Commission invited more feedback, despite already receiving more than 1,400 comment letters on a proposal to list an ETF from…

Coinsquare Lists Blockchain ETF On Toronto Stock Exchange

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Coin Capital Investment Management Inc. (Coincapital), the portfolio management division of the Coinsquare digital asset trading platform, has listed a blockchain exchange traded fund (ETF), the STOXX Blockchain Patents Innovation Index Fund (LDGR), among two new ETFs the company has listed on the Toronto Stock Exchange. Coincapital, which is registered with the Ontario Securities Commission, has become Canada’s newest ETF provider following the introduction of the LDGR and the STOXX B.R.AI.N. Index Fund (THNK), the company’s first ETFs.   The LDGR and THNK ETFs were scheduled to commence trading on…

UK: First Bitcoin ATM installed at Shropshire petrol station

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The first ATM for Bitcoin has been installed in Shropshire. The virtual currency aims to revolutionise the way the world buys and sells. The machine, used for purchasing and exchanging Bitcoins, has been put in the Red Lion Service Station, in Wellington. No physical cash is involved in the ATM. Instead, users can use it to buy Bitcoins, or part of a Bitcoin, and place it in a virtual ‘wallet’. The currency can then be used to buy physical goods or to speculate in an effort to make a profit…

UK: Implementation of blockchain technology to improve maritime port connectivity

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#BrexitBlockchain – A leading UK port operator, Associated British Ports (ABP) has signed a Memorandum of Understanding (MOU) to work with digital logistics enabler Marine Transport International (MTI). This is to create one of Europe’s first detailed pilot programmes to examine the implementation of blockchain technology to improve port connectivity. ABP operates 21 ports across the UK, Afloat adds among them Hull using Irish-built container cranes. Collectively these ports handling 25% of the country’s seaborne cargo. As such, it connects with a huge number of businesses involved in the logistics industry. Being able…

Celsius Network to Manage Funds for United Nations Initiative

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Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations’ Sustainable Development Goals initiative, according to a press release published September 21. The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.” It addresses global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, and peace and justice. The initiative aims to achieve a series of targets by 2030. Per the announcement, the SDG Impact Fund will be…

South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

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The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21. Second Minister of Science and ICT Min Won-ki held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it has dubbed the 10 key ICT sectors of the Fourth Industrial Revolution. The agenda for the meeting was devoted to blockchain pilot projects initiated by the government in order to bolster the blockchain market…

Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum

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The largest brokerage in Brazil will enter the crypto space by launching an exchange for Bitcoin (BTC) and Ethereum (ETH) in the near future, Bloomberg reported September 21. Chief Executive Officer of Grupo XP Guilherme Benchimol told Bloomberg that the company will launch an exchange called XDEX in the coming months, with around forty employees. Grupo XP is the biggest financial group in Brazil, comprising companies with various business models. XP has reportedly set a goal to have $1 trillion reais ($245 billion) under custody by 2020, which is four…

XLM Cryptocurrency Ready to Resume Rally

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The Stellar price has been rising steadily over the last two days. On Friday, Sept. 21, it is trading at 0.2514, adding 8.60% to its value. This rally is based on both tech signals and the overall market trends, says Dmitriy Gurkovskiy, chief analyst at RoboForex. On H3, Stellar is rising after the MACD convergence and the descending channel resistance breakout. The local target is at the long term channel resistance, i.e. 0.2750. The support is now the ex-resistance, which was previously broken out. The rally is also supported by…