Day: January 24, 2019

Harvard and Levi Strauss Collaborate to Develop Blockchain-Based Factory Safety System

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Harvard University and American clothing company Levi Strauss & Co announced a collaboration with the New America think tank to develop a blockchain factory safety system, Reuters reported on Jan. 24. The new system aims to eventually replace external factory health and safety auditors with a self-reporting infrastructure by the workers. Dr. Eileen McNeely, director of Harvard T.H. Chan’s Sustainability and Health Initiative for NetPositive Enterprise said, “For the last 25 years, work in supply chains has been monitored mainly by audits… A distributed system of inquiry on the blockchain…

Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

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Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A Galaxy representative has reportedly declined to comment on the issue to Business Insider. According to the article, Galaxy’s lenders will be able to…

Samsung Crypto Support Bullish for BTC

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Bitcoin Price ranging inside Jan 22 high low A mark of adoption, Samsung S10 supports cryptocurrencies Transactional volumes low and dropping—now stands at 12k on average Investors, as well as traders, are confident. With supportive fundamentals, BTC demand should increase, lifting prices from spot rates to above $3,800. That will be in line with our previous BTC/USD trade plan. If not and prices drop below $3,500, BTC could sink to $3,200. Bitcoin Price Analysis Fundamentals Following the HTC route, Samsung “leaked” to the world the next generation Galaxy S10 phone.…

New York Financial Regulator Grants BitLicense to Robinhood and LibertyX

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Stock and crypto trading app Robinhood has received a BitLicense to operate in New York, the New York State Department of Financial Services (DFS) reports on Jan. 24. Robinhood now has permission to trade in seven cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) — in the U.S. state of New York. According to the DFS, Robinhood has additionally been granted a money transmission license. Last summer, anonymous sources reported that Robinhood was in talks to secure a U.S. banking license. The app began allowing…

Samsung’s Previously Denied Ethereum Wallet Surfaces in Allegedly Leaked Galaxy S10 Images

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Images allegedly portraying the upcoming smartphone Samsung Galaxy S10 showing a “Samsung Blockchain Keystore” app surfaced on Twitter on Jan. 23. The images have been leaked by Benjamin Geskin, a person who has been defined a “serial mobile leaker” by Apple-related news website MacRumors after he leaked photos of the iPhone X Plus. The reportedly leaked photos feature only an Ethereum (ETH) wallet option in the “supported cryptocurrencies” list. Even if those images portrait real software that will be present on the upcoming smartphone, it may gain support for other…

IBM, Aetna, PNC Explore Medical Data Blockchain for 100 Million Health Plans

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IBM is collaborating with a group of major players in the healthcare space to improve the way sensitive data is shared and make health claims and transactions more efficient – all in the form of a “blockchain-based ecosystem.” Announced today, Big Blue is joined in this effort by Aetna (acquired last November by pharmacy and health plan provider CVS Health), health plan provider Anthem, Health Care Service Corporation (the largest customer-owned health insurance provider in the U.S.) and PNC Bank. These providers combined account for close to 100 million healthcare…

Ripple Great For Banking—Brad Garlinghouse

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XRP price stable and ranging Brad Garlinghouse says XRP and Ripple solutions fundamentally rewiring Transaction volumes low—reasons for a ranging market Fundamentals and technical candlestick arrangements support XRP. However, for a bull trigger, XRP prices must rally past 34 cents at the back of high transactional volumes. Catalyzing this demand should be positive fundamentals. XRP Price Analysis Fundamentals Brad Garlinghouse is right. A blockchain platform valuation is directly proportional to its demand or usefulness. It’s a reiterated adage that rings true regardless of the project’s ambition. To this end, Ripple…

SBI Holdings’s Crypto Smart Card Bet: Good or Bad Idea?

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SBI Holdings’s Crypto Smart Card Bet: Good or Bad Idea? January 24, 2019 by Akshay Makadiya Japanese financial heavyweight SBI Holdings’s cryptocurrency venture arm SBI Crypto Investment Ltd. has invested $15 million USD into Swiss crypto smart card developer Tangem. Will the investment prove successful? Also read: Central Bank of Central Banks BIS Says PoW Crypto Needs New Tech Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Will Tangem’s Crypto Smart Card Angle Go the Distance or Prove Gimmicky? As part of the Tangem’s seed funding round,…

International Police Collaboration Leads to Arrest of Suspect in $11 Million IOTA Theft

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Following international police collaboration, a 36-year-old individual suspected of the theft of over $11 million in IOTA, as well as fraud and money laundering, has been arrested on Jan. 24. Europol published a statement detailing the investigation on the day of the arrest. The suspect was reportedly arrested by United Kingdom’s South East Regional Organised Crime Unit, together with the Hessen State Police in Germany, the UK’s National Crime Agency and Europol, following a search warrant carried out in Oxford, U.K. The operation that lead to the man’s arrest —…

China Ranked first in World of Blockchain and AI Patents Being Filed – USA Runner-up

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Handwriting text writing Patented. Concept meaning invention or process protected right official document conferring A new study by UHY, the international accounting and consultancy network, shows that twenty nine percent of all global patents for blockchain technology were filed by US businesses last year. This would rank them second in the world, with 92 patents from a total of 314 filed with the World Intellectual Property Organization (WIPO) in 2017. advertisement The largest filer of global blockchain patents in the US was credit card provider Mastercard, which filed patents for…