Day: January 21, 2019

Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

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The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk. Algeciras is one of the top 10 busiest ports in Europe, hosting over 70 million tons of cargo traffic annually. In 2017, the port had a container throughput of 4.3 million containers. According to an APBA note seen by Europa News,…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis, Jan. 21

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Marcus Hughes, the United Kingdom lead counsel for major United States crypto exchange and wallet provider Coinbase, expects huge developments for Bitcoin (BTC) in the next two years. Hughes is confident about the European Union coming up with a more defined regulatory framework…

Digital Securities Platform Joins IBM Blockchain Accelerator Program

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Compliance platform for digital securities Securitize has joined the IBM Blockchain Accelerator program, Forbes reports on Jan. 21. According to Forbes, Securitize CEO Carlos Domingo said that the firm’s goal is to build a debt issuance platform using blockchain technology. Domingo said: “…we hope to modernize the $82 trillion dollar corporate debt market — which is currently riddled with inefficiencies and high fees — with blockchain technology.” The accelerator will purportedly last three months and will conclude with a presentation and demonstration of Securitize’s platform. The program includes a blockchain…

Eurasian Resources Group is Piloting Blockchain Based Solution on the IBM Blockchain Platform

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Eurasian Resources Group, announced that it will be piloting a blockchain-based solution built on the IBM Blockchain Platform. As a founding member of the Global Battery Alliance, a World Economic Forum initiative, the group is helping to ensure a responsible supply chain for lithium-ion batteries that could power the fourth Industrial Revolution. The solution will initially be applied at the Group’s Metalkol RTR operation in the Democratic Republic of the Congo (DRC) to help with traceability and finding the origin of cobalt in the metal’s supply chain. advertisement While cobalt and other…

Crypto Exchange CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

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Two executives from South Korean crypto exchange Komid have been handed down jail time for faking trading volume and deceiving investors. According to a report from CoinDesk Korea, the firm’s CEO Hyunsuk Choi received a three-year sentence for his role in the crime, as well as for embezzlement. Another member of the team, Park Mo, got two years, according to local news source Blockinpress. Choi, the court found, made a number of fake accounts on the exchange in January 2018, and, using a trading bot, made millions of false transactions…

Cryptocurrencies Fail Basic Financial Tests, Lack Value

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Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having previously worked at Schroders and Morgan Stanley. He is currently heading a review of the future of finance, according to Bloomberg. When asked about crypto’s potential to become a threat to economic stability, van Steenis said: “I’m not so worried about cryptocurrencies. They fail the basic tests of financial services. They’re not a great unit of…

Blockchain.com Seeks Undisclosed Stablecoin Partnership by End of 2019: Report

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Crypto wallet provider Blockchain.com is seeking to partner with an unnamed stablecoin project by the end of 2019, the firm’s CEO Peter Smith revealed in an interview with crypto news agency The Block Jan. 21. Blockchain.com, which reportedly provides 32 million wallets, with most of them active to date, is allegedly considering listing a stablecoin on its platform. In the interview, the CEO of Blockchain.com stressed that the existing high competition in stablecoins will eventually make the market even more active than it is now. Smith reportedly stated that the…

Coinbase Exec Unveils What 2019 Will Bring for Bitcoin Regulation Globally

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Photo: Coinspeaker Just like seasons are changing along the year, some believe that Crypto Winter is eventually going to turn into the spring. Only when it comes to weather conditions we can predict it with more accuracy compared to an opaque cryptocurrency market. And hardly anyone would bet million on rainy days. However, just like children desperately looking for the Christmas snow, investors and crypto-evangelists are holding their breath for 2019 — the year everyone assumes will bring significant changes to the industry. Yet so far the true nature of…

Layoffs Did Not Exceed 10 Percent, Mainly Affect Support Staff

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Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18. Grellet said that the staff cuts were a “natural movement” and mainly affected support staff, while developers and technical employees were largely unaffected. She said: “I’ve been at the company for two years and a half. When I joined it, we were 60, and we grew to…

Tangem Crypto Wallet | Japan’s SBI Group Invests $15 Million

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Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem. The company is the creator of a slimline hardware cryptocurrency wallet. SBI Group Invests in Tangem SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized asset offerings, and digital identity. Tangem Crypto Wallet Described by the company as a “smart banknote for digital assets,” Tangem’s cryptocurrency wallet mimics a bank card in that it allows a user to make off-chain physical transactions.…