Day: November 29, 2018

Hardware Wallet Ledger Nano S Announces Support for Monero

boss

Cryptocurrency hardware wallet manufacturer Ledger has updated its support of altcoin Monero (XMR) for its Nano S device, the company confirmed in a press release shared with Cointelegraph Nov. 29. The French company, which along with Trezor and KeepKey is one of the oldest hardware wallet manufacturers in the industry, said the Nano S was already compatible with Monero’s latest GUI 0.13 release. “We are thrilled to welcome another top-ten cryptocurrency to the Ledger platform with Monero,” CEO Eric Larchevêque commented, adding: “With this addition, Ledger devices now cover 90%…

FBI Arrests AriseBank CEO, Indicted for Fraud of Over $4 Million

boss

The CEO of cryptocurrency firm AriseBank was arrested by the FBI Nov. 28 on charges of defrauding hundreds of investors out of over $4 million. The news was reported in a release from the U.S. Attorney’s Office for the Northern District of Texas, published on the U.S. Department of Justice (DOJ)’s website Nov. 28. The arrested CEO, 30-year old Jared Rice, Sr., was previously the subject of a civil action filed by the U.S. Securities and Exchange Commission (SEC)’s Fort Worth regional office in February, and was indicted on three…

blockchain-based voting system; South Korea’s NEC is trialling the solution

boss

South Korea is among the few countries that are seriously engaging blockchain technology. According to a news release, the country’s elections authority is trialing a blockchain-based voting system. The move involves the Ministry of Science and ICT and the National Election Commission (NEC). The country’s Ministry of Science and ICT is working diligently to help the NEC hold better elections. Further, the agency will add artificial intelligence, big data, and IoT technology for more efficiency and service delivery. A blockchain-based voting system to uphold democracy Interestingly, the move comes just…

The Key to Staying Profitable When Mining Revealed by Software Startup

boss

A company has released the beta version of its cryptocurrency mining platform – the first iteration of “simple to setup, highly automated” software that is aimed to appeal to newbies and seasoned professionals alike. Cudo Miner says its offering is a GUI miner, which in other words is a graphic frontend for its interface. Its accessible technology means “inexperienced miners can install and sit back while the software automates everything else,” while experts have the chance to adjust advanced settings in line with their preferences. The program is able to…

Amazon Gets Deeper into Blockchain, What Does it Mean For Crypto?

boss

When huge tech or commerce companies get into blockchain it makes the headlines. They don’t come much bigger than retail giant Amazon which has just launched two new distributed ledger services. Yesterday Amazon Web Services (AWS) CEO Andy Jassy announced the launch of Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain according to Zdnet. He acknowledged that clients want more than just a database when using blockchain technology; “Even though we have a lot of customers that run blockchain on top of us … we just hadn’t seen that…

DLT payment netting service; developed alongside LedgerConnect

boss

It has been almost two years since IBM and CLS embarked on an initiative to exploit blockchain technology. However, in August, the initiative went into production. A recent news release indicates that the DLT payment netting service is now available for clients to utilize. CLS bank is a major player in the global foreign exchange market. It mainly acts as the clearing bank for foreign exchange for banks and other major players. Particularly, the bank handles approximately $5 trillion a day in 18 currencies. LedgerConnect The DLT payment netting service…

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

boss

News In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin. Also read: Markets Update: Bull Trap or Reversal? Traders Question the Recent Crypto Spike Hodlers of Last Resort and Buy Walls Early bitcoin adopter and investor in Kraken, Trace Mayer, argues that crypto market capitalizations are important, but not as important as the hodlers of last resort and “buy support.” Mayer reasons that the combination of investors…

Telcoin enters agreement with Jumia; to help leverage blockchain in e-commerce

boss

The e-commerce industry is booming with many more people using blockchain to make it even faster. In this light, Telcoin has entered into an agreement with Jumia to exploit blockchain for e-commerce. Jumia is an online marketplace focusing on the African market. Presently, the company covers 15 countries including Nigeria. Telcoin is a provider of mobile crypto solutions. Telcoin enters agreement with Jumia to rope in Nigerians in diaspora Telcoin focuses on connecting with mobile networks globally. As a result, it enables an easy conversion between telecom mobile money, prepaid…

UAE Launches Blockchain Initiative to Process 50% of Govt. Transactions by 2021

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The government of the United Arab Emirates has unveiled two national initiatives focusing on strengthening the position of the country globally in emerging technologies such as blockchain and artificial intelligence. One of the programs that were launched during the second UAE Government Annual Meetings which took place in the capital Abu Dhabi was the AI and Blockchain Guide initiative, as initially reported by the Emirates News…

US Court Dismisses SEC’s Claims That Blockvest Sold Unregistered Securities

boss

A U.S. court has dismissed claims from regulator Securities and Exchange Commission (SEC) against decentralized blockchain-based assets exchange Blockvest, court documents released Nov. 27 confirm. The SEC suspended Blockvest’s Initial Coin Offering (ICO) via an emergency court order in October, with a subsequent legal battle ensuing over whether or not the firm’s BLV tokens were in fact unregistered securities under U.S. law. Part of multiple investigations into unregistered token sales by the regulator, the SEC’ retaliation initially saw U.S. District Court for the Southern District of California issue a temporary…