Day: October 16, 2018

Kenyan Government to Use Blockchain to Distribute Affordable Housing

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The Kenyan government plans to leverage blockchain technology for the distribution of new government-funded housing units, according to reports from local news outlet the Star. The Kenyan National Housing Fund will finance the initiative under the Finance Act 2018, and it plans to create an efficient allocation of the houses to those who need it using the distributed ledger technology. The State Housing and Urban Development Permanent Secretary Charles Hinga said the Fund expects to raise about Sh55 billion a year (around $545 million) to build “cheaper 500,000 housing units.”…

Bithumb Launches New DEX with No Transaction Fees and Airdrop Event

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Bithumb, South Korea’s second largest cryptocurrency exchange officially launched its Decentralised Exchange (DEX) on October 15 and marked the occasion with two events – free transaction fee event and an Airdrop event, the details of which have been published on the company website. No Transaction fee period and Airdrop event The Free Transaction Fee event will enable users to trade on the platform without paying any fees to the exchange. They will be required to pay only the Gas fee to the Ethereum Network. The event, which began on October…

Baidu-TRON ‘Partnership’ Involves Cloud Computing Provision, Not Blockchain

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The unconfirmed “partnership” between decentralized internet project TRON (TRX) and China‘s largest internet search provider Baidu will center on cloud computing resources, not blockchain, according to a report published by ODaily October 15. The report, as cited and translated by local crypto news source CNLedger, states that Baidu Cloud and TRON have closed a deal to cooperate in terms of “basic cloud business”; it claims that both parties will work to maximize intercompatibility and “to build, operate and debug blockchain products” based on Baidu Cloud. However, according to the report,…

Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors

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Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform “this autumn,” Russian media outlet Vedomosti reports Tuesday, Oct. 16. Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering (ICO) at the start of September. In the circular, the company said that the platform’s blockchain component was currently under development, with “70 percent” of the product already finished, the publication claims. Once in operation, TON will also make use of its in-house cryptocurrency, Gram, and will…

Sony Develops Blockchain-Based Rights Management System for Digital Content

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Sony Corporation has announced the launch of a blockchain-based digital rights management system. In a statement released on its website, the company revealed that the new framework is built on a prior system for authenticating, sharing, and managing rights to educational data previously developed by Sony and Sony Global Education. In April, CCN reported that Sony filed an application for a patent to store users’ digital rights data on the blockchain. In its patent application, Sony warned that “conventional solutions may not be very reliable and rely on one unique point of…

Cryptocurrency exchange Coinbase opens Dublin office

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Coinbase UK chief executive Zeeshan Feroz said: “Our Dublin office signals Coinbase’s growing presence in Europe and will complement the operations of our London hub, which will remain our European headquarters.” Unlike many other major European cities who have remained on the fence, Ireland’s capital has shown a willingness to develop conditions that will help crypto-companies thrive. Mr Feroz said the company would also look to hire from Dublin’s tech talent pool to grow its EU operations. Source link

Reasons to remain bullish about the future of the cryptocurrency industry

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The crypto market recently experienced a bearish run driven by a range of factors such as the recent comment by IMF, delayed investor participation and regulatory pressure. With the crypto market dropping about 18% since May 20, investor sentiment has been wavering over the past few weeks. However, here are some reasons to remain bullish about the future of the industry. The adoption rates continue to increase Cryptocurrency adoption has continued to rise throughout 2018, with more people both buying into the digital coins and looking for ways to use…

Paxos Says It Has Issued $50 Mln of Recently-Launched Dollar-Backed Stablecoin

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Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin, according to a Tweet from a senior employee October 15. As previously reported, the Ethereum (ETH) blockchain-based stablecoin, dubbed Paxos Standard Token (PAX), sealed regulatory approval from the New York State Department of Financial Services (NYDFS) in early September. Data from Etherscan as of press time appears to substantiate that 50,838,503.47 PAX worth $52,275,897.44 are in circulation. Yesterday’s tweet from Paxos’ vice president of marketing and communications, Dorothy Jean Chang, notes that Paxos…

LINE’s Crypto Exchange Is Now Listing Its Own Token Against Bitcoin, Ether

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Bitbox, the cryptocurrency exchange launched by Japanese messaging giant LINE, has announced it is now listing its own token for trading against several major crypto assets. The company said Tuesday that the LINK (LN) token is now exclusively available on Bitbox in trading pairs with bitcoin, ethereum and the U.S. dollar-pegged stablecoin tether. The move marks the latest step taken by the company as part of its efforts to apply blockchain and cryptocurrency to mainstream use cases. Bitbox announced in August that it had launched a proprietary blockchain network called LINK…

NSW Registry Manager to Test Land Conveyancing on a Blockchain in Australia

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The land registry manager of New South Wales in Australia has partnered with a blockchain technology firm with a view of applying distributed ledger technology to property conveyancing. According to the Financial Review, a proof of concept on a selected number of use cases will be conducted by the New South Wales Land Registry Services and blockchain tech firm Chromaway using the latter’s open source technology in recording data, facilitating transactions as well as offering smart contracts. Chromaway, which is based in Stockholm, Sweden, has been offering its open source…