Day: October 4, 2018

Chinese Energy Outfit to Support Spanish 300 MW Crypto Mining Farm

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Chinese energy company Risen Energy has partnered with a Spanish cryptocurrency mining farm will to develop capacity of up to 300 megawatts (MW) of photovoltaic power. The news was reported by a Chinese media outlet PV Tech Thursday, October 4. Several months after CryptoSolarTech confirmed it was building two farms near the city of Malaga using energy-efficient technology, Risen “will develop and take on engineering, procurement and construction (EPC) responsibilities for the projects,” according to the new report. For comparison, Bitcoin network consumes an average of about 200 MW of…

Blockchain in Agriculture and Food Supply Will Be Worth $430 Million

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Agriculture and food supply chains will get investment worth over $400 million over the next five years directly from blockchain, according to a new report. Authored by Reportlinker, a report released this week “Blockchain: Agriculture Market Forecast until 2023” foresees the sector growing from its current worth of $60.8 million to $429.7 million at a compound annual growth rate of 47.8 percent. “Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations,” a summary press release reads. “The blockchain market is expected to grow,…

The blockchain in Manufacturing Market expected to see heavy Growth due to Simplified Business Processes

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In the manufacturing market the blockchain is expected to be worth USD 30.0 million by 2020 and a staggering USD 566.2 million by 2025, growing at a compound annual growth rate (CAGR) of 80.0% from 2020 and 2025. Many key factors that are driving the growth of the blockchain in manufacturing market include blockchain-as-a-service (BaaS) solutions for enterprises, simplifying business processes by affording transparency and immutability, and significant increase in venture capital investments and initial coin offerings (ICO). But also the increasing demand for real-time data analyses, enhanced visibility, and proactive…

From ETFs to ICOs, Visiting the Country of Wolverine and Vitalik

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Comedians from the United States are quite used to making fun of Canada, depicting their neighbors as some sort of peaceful simpletons, with the series South Park as probably the prime example. However, even if you ignore that Wolverine — the toughest of all the X-Men — is Canadian, you should revise this worn-out cliché, considering how this realm of the Commonwealth seems to march to a faster pace than the United States in the race for cryptocurrency adoption.                     New vehicles to…

World’s Fifth Largest Airline Firm Explores Blockchain to Cut Costs for Customers

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European airline holding company Air France-KLM has partnered with blockchain travel ecosystem Winding Tree. The goal of the partnership is to reduce costs for the company’s customers by cutting out intermediaries. The alliance has revealed the new deal in a release published on its official website Thursday, Oct. 4. The world’s fifth largest air company by revenue in 2018, Air France-KLM hopes blockchain will help it provide “a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries.” Sonia Barriere,…

Medici Ventures Backs Wine Blockchain Project VinX

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startupsand has written over 1500 articles on Blockchain technology andstartups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat Ad honorem – Honorary Ph.d –…

Crypto Markets See Modest Growth Across the Board

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Thursday, Oct. 4: cryptocurrencies are today posting modest gains market-wide. All of the top twenty coins by market cap are tipping into green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is up by 1.2 percent on the day, trading around $6,573 as of press time. Following a bullish high of $6,783 at the start of its weekly chart, the top coin saw two subsequent price corrections (Sept. 29 and Oct. 3), yesterday briefly dipping below the $6,500 threshold. On its weekly chart, Bitcoin is now 1.5…

Melonport’s Co-Founder Is Joining the Decentralized Crypto Exchange Race

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A co-founder of one of the most talked-about blockchain projects of recent years has launched a decentralized exchange (DEX), aspiring to make such platforms easier to use. Announced today, Reto Trinkler has opened the new DEX, dubbed Agora Trade, in Malta – a nation that has become increasingly crypto-friendly with the passing of several pieces of legislation around the tech. Trinkler is best known in the industry for his work at Melonport, the crypto asset management platform he started in 2016 with Goldman Sachs veteran Mona El Isa. The project earned the…

Bitcoin Won’t Break $9,000 This Year, Galaxy Digital’s Novogratz Says

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Mike Novogratz, CEO of crypto investment firm Galaxy Digital Capital Management, has again corrected his Bitcoin (BTC) price forecast. The billionaire investor said he doesn’t expect BTC to break the $9,000 barrier in 2018, CNBC confirmed Wednesday, October 3. Novogratz, a former Wall Street manager, took part in Economist Finance Disrupted conference in New York on Oct. 2. “I don’t think it breaks $9,000 this year,” he has said from the stage. Novogratz also linked the currently declining prices to the actions of companies in the industry who are selling…

How Africa Employs Blockchain For Financial Inclusion

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On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the country’s financial inclusion landscape.   While the aim sounds ambitious, there’s some evidence that Africa’s population might never need traditional banks per se. Instead, they could start managing their money through newer, decentralized methods. What does blockchain have to do with financial inclusion? First, it is…