Day: September 28, 2018

Clients File Claim Against Publicly Listed ICO Advisory Firm DigitalX

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Crypto firm DigitalX Ltd. has been served with an Originating Application and Statement of Claim. The claim was filed by a group of DigitalX’s clients in Australia’s Federal Court, according to an official announcement published September 28. DigitalX describes itself as a publicly-listed firm that offers Initial Coin Offering (ICO) advisory services, blockchain consulting services and blockchain-related software development. It is reportedly based in the Australian cities of Sydney and Perth, as well as New York, USA. In its announcement today, the firm explains that the claim has been filed…

MetaMask Adds Optional Block of Top Ethereum Decentralized App

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Cryptocurrency wallet and Ethereum decentralized app (DApp) extension MetaMask has blocked the most popular DApp for Ethereum, 333ETH. The Next Web reported on the block Friday, September 28. 333ETH promises “lifelong” payouts of Ether (ETH) to investors’ wallets via smart contracts upon an initial down payment. The latest in a series of popular Ethereum DApps to attract scam accusations, it is currently ranked the most popular on monitoring site DAppRadar. In comments on Twitter, MetaMask said it had opted to create the block, which it added it would make optional,…

UN, Sierra Leone Launch Blockchain-Based ‘Credit Bureau of the Future’

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Sierra Leone’s president Julius Maada Bio announced a new initiative to create a national, blockchain-based credit bureau. The announcement took place at the 73rd Session of the U.N. General Assembly (UNGA) Thursday, September 27. The president presented the project as being poised to “radically transform” the country’s financial inclusion landscape.  The initiative is reportedly the result of a partnership between technology non-profit Kiva, the U.N. Capital Development Fund (UNCDF), and the U.N. Development Programme (UNDP). At its center is a distributed ledger (DLT) system, dubbed ‘Kiva Protocol,’ that has been…

Google And Goldman Sach Are Investing With Blockchain Startup Veem

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Veem, a Bitcoin startup has closed its final round of funding that helped raise more than $25 million. The venture was led by top names in Silicon Valley from Goldman Sachs, GV, Silicon Valley Bank and Kleiner Perkins. The startup announced that it had closed the round of funding and was planning to launch an expansion campaign. The expansion would involve leveraging blockchain technology for secure, fast and affordable international money transfer. The expansion may involve finding a better network infrastructure for each fund transfer. Veem Technology Veem entered the…

Bupa fined £175,000 for systemic data protection failures

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Bupa Insurance Services Limited (Bupa) has been fined £175,000 by the Information Commissioner’s Office (ICO) for failing to have effective security measures in place to protect customers’ personal information. Between 6 January and 11 March 2017, a Bupa employee was able to extract the personal information of 547,000 Bupa Global customers and offer it for sale on the dark web. The employee accessed the information via Bupa’s customer relationship management system, known as SWAN. The system holds customer records relating to 1.5 million people. The employee sent bulk data reports…

ASX-Listed DigitalX Hit With Legal Action Over ICO Involvement

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Shares in the publicly listed blockchain tech and consultancy firm DigitalX have slumped after it revealed it is facing a legal claim in an Australian court In an announcement to the Australian Securities Exchange (ASX) Friday, the firm says it has been served with an Originating Application and Statement of Claim in the Australia’s Federal Court, which has been brought by a group of investors in an initial coin offering (ICO) to which it was an advisor. The parties are claiming roughly US$1,833,077 plus damages, the company indicates. DigitalX says…

Ink Protocol partners with and MakerDAO providing stability to Stablecoin

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Buyers and sellers of cryptocurrencies can now experience an easier and friendlier way of trading thanks to a partnership between Ink Protocol and MakerDAO. The two have joined hands to enable the use of the MakerDAO’s Dai stablecoin in transacting. This will go hand in hand with Ink Protocol’s Ink Pay. Reports have it that Dai is a collateral backed stablecoin. It has a stable value in addition to being consistent with a sustainable price stability. The stability in stablecoin has attracted massive investment from major investors across the globe…

Central Bank Gives Permission to Issue First Digital Currency

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Mongolia’s largest mobile telecoms operator has become the country’s first licensed entity to issue its own digital currency. This is according to a report by the official state media outlet Montsame Friday, September 28. Mobicom’s financial arm Mobifinance is now clear to issue the e-currency, dubbed “Candy,” to investors, Montsame confirms. The executives have received formal permission at a ceremonial event at the Bank of Mongolia’s headquarters Friday. Commenting on the achievement, which comes around five months after the central bank approved formal digital currency regulation, Mobicom CEO Tatsuya Hamada…

Bitcoin Breakout Elusive As Price Retreats from One-Week Highs

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Bitcoin missed a bull breakout by a whisker, as prices backed off from a six-day high of $6,826 hit earlier today. BTC’s persistent defense of $6,000 over the last three months has convinced many, including billionaire investor Novogratz, that the leading cryptocurrency has bottomed out around the February low. While that argument sounds logical, a bullish breakout would be confirmed only after the cryptocurrency has found acceptance above the top edge of the three-month-long narrowing price range. However, crossing that key price hurdle is proving a tough task for the…

China’s Nanjing Arbitration Commission Tests Blockchain Platform for Legal Disputes

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The Nanjing Arbitration Committee is testing a new blockchain platform designed to store and process data for legal disputes. The organization officially announced this September 27. China’s regional arbitration committees were established in 1995 with the passage of the Arbitration Law, and operate as independent non-profit organizations that offer services in arbitration, mediation, and other dispute resolution mechanisms as an alternative to litigation. According to today’s announcement, the Nanjing Committee’s new platform: “Makes extensive use of blockchain technology, and coexists with depository institutions, financial institutions, and arbitration institutions to deposit…