Day: December 18, 2018

Korean Gov’t Pilots Blockchain for Logistics Innovation in Country’s Largest Port

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Two South Korean government ministries have launched a blockchain pilot for port logistics innovation, according to a press release from the country’s Ministry of Science, ICT and Future Planning (MSIT), published Dec. 18. MSIT, together with the Ministry of Oceans and Fisheries, are reportedly testing whether the technology can make Korea’s container shipping industry more efficient. As the press release outlines, the pilot will run over a period of one year in the Port of Busan, the country’s largest port, and the fifth busiest container port worldwide. The initiative aims…

Overstock’s Medici Ventures Uses Ravencoin Blockchain for Equity Purchase in Chainstone Labs – Completes $3.6 Million Securities Token Transfer

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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 –…

Overstock’s Medici Ventures Uses Ravencoin Blockchain for Equity Purchase in Chainstone Labs – Completes $3.6 Million Securities Token Transfer

boss

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 –…

Bitcoin Price Forming Doji to Signal Potential Trend Reversal

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Bitcoin price on Tuesday reached a session high on Coinbase at $3,586 but remained in the fears of a potential reversal action overall. Bitcoin/Dollar 1D CHARTS | SOURCE: COINBASE, TRADINGVIEW.COM Ahead of the US session so far, bitcoin’s opening and closing positions today have remained very close to one another, as indicated by the small candlestick. Called a Doji candlestick formation, this signals a potential trend reversal. We saw a similar creation recently on December 15 during the downtrend action. The price corrected exceptionally well to the upside after that,…

Stablecoin Company Tether Ltd. Made $6.6 Million in Interest from January to July 2018, Report Does Not Confirm Full Cash Reserves

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An investigative report by Bloomberg News has revealed that Tether makes a substantial amount of interest on its US Dollar reserves. The US Dollar reserves are kept in banks across several jurisdictions including Canada, the Bahamas and Puerto Rico. According to bank statements seen by Bloomberg, Tether earned at least $6.6 million in interest between January 2018 and July 2018, which potentially raises a question about whether Tether’s operating practices should benefit the company more than its users. The report further reveals that while Tether may in fact have the cash reserves…

Atari Partners With Startup to Make Blockchain Versions of Popular Titles like Roller Coaster Tycoon

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Renowned game maker Atari Inc. announced a license agreement with Animoca Brands Limited, a subsidiary of Animoca Brands Corporation Limited, giving it the rights to produce and publish blockchain versions of the famed Atari mobile game titles Roller Coaster Tycoon Touch and Goon Squad in most territories around the world – excluding Hong Kong, China, Taiwan and Macau. Under the terms of the agreement which extends through to March 31, 2022, Animoca Brands will pay Atari a minimum guarantee against future revenues of US$250,000, payable in shares of the Company’s stock.…

Israel: Financial Services Firm GMT Joins RippleNet

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Israel-based financial services firm GMT has joined Ripple’s bank and payment provider network, the company confirmed in a recent press release. The result of a “long and precise process,” the move reportedly will help the company remain “at the forefront” of the local finance industry. Ripple, which operates blockchain-based financial products using its XRP token, has partnered with multiple financial institutions and banks to expand its international reach in recent years. “After a long and precise process GMT was chosen to be Ripple’s representative in Israel, by so joining Ripple,…

Belgium’s Financial Watchdog Updates Crypto Scam Blacklist to Total 113 Sites

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Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto-related fraud blacklist to include a new total of 113 sites, in a fresh alert posted Dec. 18. The authority states that “despite” its prior warnings, it continues to receive complaints from defrauded investors. The newly added platforms are all allegedly run by “fraudsters […] who are using cryptocurrencies to swindle consumers,” with the FSMA starkly reiterating: “The principle remains the same: they offer you an investment they claim is secure, easy and very lucrative […] They claim to have…

Belgium’s Financial Watchdog Updates Crypto Scam Blacklist to Total 113 Sites

boss

Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto-related fraud blacklist to include a new total of 113 sites, in a fresh alert posted Dec. 18. The authority states that “despite” its prior warnings, it continues to receive complaints from defrauded investors. The newly added platforms are all allegedly run by “fraudsters […] who are using cryptocurrencies to swindle consumers,” with the FSMA starkly reiterating: “The principle remains the same: they offer you an investment they claim is secure, easy and very lucrative […] They claim to have…

A Year After $20K, Blockchain Capital Exec Says Investors Will Regret Not Buying In Now

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One year after Bitcoin (BTC) broke crypto industry records to hit $20,000, a partner at venture capital firm Blockchain Capital says that today’s bearish market represents “a fantastic buying opportunity.” Spencer Bogart made his remarks during an interview on CNBC’s “Fast Money” on Dec. 17. Bitcoin is now trading around $3,550, up 2 percent and capping gains of around $260 in the 24 hours before press time. The coin, however, is over 82 percent down from its price point this time last year. Emphasizing that Blockchain Capital is a “long-term venture…