Day: November 16, 2018

Spanish City of Bilbao Launches $171K Tender to Develop Public Blockchain Network

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Bilbao, the largest city in northern Spain, has launched a €150,000 (around $171,000) tender to develop a blockchain for public services, Bilbao’s municipal authorities announced Monday, Nov. 12. Officials of the largest city in Basque country want to create a decentralized platform, designed to allow one to act with “power of attorney” online. The deadline to apply for the tender is set on Nov. 23. A company that will be awarded the contract has to develop the blockchain network within six months. According to the technical description of the tender,…

Crimea Considers Blockchain Center for Anonymous Foreign Investments to Avoid Sanctions

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Crimean authorities are considering creating a blockchain-cluster that would support investment platforms allowing foreign investors to work in sanctioned countries anonymously, major state-operated Russian news agency TASS reported Nov. 16. Previously this week, the Permanent Representative of the Republic of Crimea under the President of the Russian Federation, Georgy Muradov, had already revealed the Crimean government’s potential plans to create a separate blockchain-cluster in the region for venture capitalists funds. Today, Roman Kulachenko, the President of the Crimean Republican Association of Blockchain Technologies Investment, said that a new international education…

How to Recover Your Wallet if Your Private Keys Are Lost

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Before the internet brought us dog videos and your grandmother’s Facebook updates, losing money was a traumatic experience. Dropping $20 meant you’d probably never see it again – all you’d have left is that unmistakable sensation of feeling stupid. At least in the fiat world, it’s become a little bit harder to lose money. Centralized institutions mean you can recover usernames and passwords in a jiffy – answering a few security questions or showing your ID to regain access. Help is even available if you burn thousands of dollars in…

How the Way You Use a Device Can Prove Your Identity: NuData and NuDetect

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How the Way You Use a Device Can Prove Your Identity: NuData and NuDetect November 16, 2018 by Jon Southurst New methods to combat fraud were a hot topic at Money 20/20 USA this year. In crypto and the traditional financial world, customers have lost millions from hacks, phishing, SIM card takeovers, and wasted time — all due to the difficulty of proving identity in the digital realm. Mastercard-acquired NuData Security is using some interesting techniques based on behavioral patterns and machine learning with its product NuDetect, so Bitsonline set…

Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

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Twitter Facebook LinkedIn Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia. Known as BlocRice, the app uses distributed ledger technology to implement smart contracts where details such as the farm gate price of organic rice, trade volume and method of transportation are recorded, according to the Khmer Times. The project which will initially work with 50 rice farmers in Cambodia’s Preah Vihear province during the first year is expected to boost the bargaining power…

Major Exchanges Are Already Distributing New Bitcoin Cash Tokens

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After yesterday’s split of the bitcoin cash blockchain, several top exchanges have already accommodated the resulting two tokens. While the scheduled hard fork was originally intended as an upgrade to the network, the long-standard Bitcoin ABC version found itself with a rival network and token, Bitcoin SV, after it managed to garner enough support from miners. Taking place at around 18:00 UTC Thursday, the event soon saw both networks producing new blocks, though Bitcoin ABC took an early lead. At press time, ABC has mined 34 blocks more than SV and…

Bitfarms opts for traditional listing; they less confrontational with regulators

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Formerly known as Bitcoin Mining, Bitfarms has opted for traditional listing in Canada as a previous listing in Israel bears fruit. According to a news release, the Canadian-Israeli firm announced plans to list on the Ontario Securities Commission (OSC). As per the release, the company seeks to list on the (OSC) as Bitfarms Canada. Further, the firm acknowledges that Canada has one of the most vibrant securities markets. In addition, the environment is quite crypto-friendly both in terms of investor appetite and regulations. Bitfarms opts for traditional listing in Canada…

Bitcoin, Altcoins Begin Recovery While Bitcoin Cash Becomes Top 20’s Worst Performer

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  Cryptocurrency markets are recovering from their recent mini crash today, Nov. 16, with only Bitcoin Cash (BCH) going against a trend which saw assets gain as much as 4.3 percent in 24 hours. Market visualization. Source: Coin360 The fallout from turbulence over BCH’s controversial hard fork, which occurred Thursday, Nov. 15, appeared not to last, with Bitcoin (BTC) recovering a modest 1.35 percent Friday to trade around $5,590 by press time. The largest cryptocurrency had fallen hard in the hours leading up to the hard fork, at one point…

South Korean University, Radio Broadcast Group Promote Blockchain-Academia Relationship

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The Korea Radio Promotion Association (RAPA) and Jeju University have signed a Memorandum of Understanding (MoU) for blockchain-related industry and education in the Jeju area, Korean economic media outlet Seoul Economic Daily reports today, Nov. 16. RAPA, the company in charge of the communication between government and radio broadcasting businesses, and Jeju University, located in one of the major research center in  South Korea, the Jeju Science Park, agreed to cooperate for developing blockchain technology within industry-academia relationships. The agreement aims to establish a blockchain ecosystem in the Jeju Special…

Iran to get help from Russian developers; to get crypto-economy running

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Cryptocurrencies are finding great use in countries at odds with the US-controlled global financial system. Therefore, reports of Iran getting help from Russian developers in fine-tuning its crypto ambition are not surprising. As per the reports, a leading blockchain organisation in both Iran and Russia agreed to venture jointly in the project. Particularly, the intention is to help develop the nascent cryptocurrency sector of the Islamic Republic of Iran. Iran to get help from Russian developers to mitigate global isolation Specifically, the agreement took place between the Iran Blockchain Labs…