Day: February 25, 2019

Solar Power Supplier Kyocera Teams up With Blockchain Firm to Improve Energy Distribution

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Japan’s solar power supplier Kyocera has partnered with LO3 Energy to test blockchain-based virtual power plants (VPP) for improved energy distribution, according to a press release published on Feb. 25. Scheduled for Feb. 28, 2019, the test will allow the companies to evaluate the the feasibility of VPPs that promote a low-carbon society without fuels or carbon emissions based on peer-to-peer (P2P) distributed consensus network. Within the joint project, Kyocera — which has 81.79 billion yen ($736 million) in net income — will set up small VPPs using its solar…

Bitcoin Is a Delusion That Attracts Charlatans

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Berkshire Hathaway CEO Warren Buffett defined Bitcoin (BTC) as a delusion and said that it attracts charlatans, according to an interview with CNBC published on Feb. 25. Buffet, a known Bitcoin critic, has previously said that buying Bitcoin as an investment is a gamble, and that no one know exactly what the top cryptocurrency is. When asked if he changed his mind concerning Bitcoin in the CNBC interview, Buffett answered saying that he did not, and that “it is a delusion, basically.” During the conversation, he also pointed out that…

Accenture Works With Mastercard, Amazon to Boost Circular Supply Chain Using DLT

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Global professional services firm Accenture is working with major global firms including Mastercard to introduce a blockchain-based circular supply chain, according to a press release published on Feb. 25. An active user of blockchain and digital ledger technology, Accenture now intends to employ the tech as a key component to boost the circular supply chain. The term circular supply chain encompasses all stages on the supply chain, from the beginning to the end, in order to eliminate waste and improve sustainability for the environment. Within the announced initiative, Accenture is…

Cryptopia Won’t Resume Trading Until Balances Are Secure, Discord Message Notes

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The New Zealand police have returned the office building back to recently hacked crypto exchange Cryptopia and granted permission to resume trading. However, the exchange is not ready to renew its activity, according to a message purportedly sent by a Cryptoptia staff member on the official Discord channel on Feb. 24. After the hack that led to more than $16.1 million stolen from the crypto exchange, New Zealand police had launched an investigation along with international law enforcement to track the hackers. The initial hacking attack began on Jan. 15…

Security Token Startup Templum Shifts to Private Blockchains

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Security token specialist Templum is shifting from public to private blockchains. Announced Monday, enterprise software vendor Symbiont is building a private blockchain and smart contracts system that Templum will use for future security token offerings (STOs) by its clients. Previously, the regulated broker-dealer left the choice of blockchain protocol up to the issuers, but this posed problems, Templum CEO Christopher Pallotta told CoinDesk. Many were choosing ERC-20 tokens that run on top of ethereum, said Pallotta, but that network’s well-known scaling challenges meant trading could be hampered during periods of high transaction…

Dow Surges 140 Points While Crypto Investors Reel after Bitcoin Blackout

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The Dow barreled toward a 140 point gain on Monday after US President Donald Trump announced a delay to the US-China trade deadline. Cryptocurrency investors, meanwhile, were left searching for answers after the bitcoin price crashed below $3,715 just hours after pushing toward $4,200. Dow Sees Triple-Digit Climb, S&P 500 Looks to Jump Past 2,800 As of 8:41 am ET, Dow Jones Industrial Average futures had soared 157 points or 0.6 percent, implying a gain of 140.19 points at the open. Nasdaq futures outperformed with a 0.69 percent surge, while…

Mercedes-Benz to Use Blockchain Tech for Sustainable Transaction Book, Supply Chains

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German automobile brand Mercedes-Benz Car has developed a platform based on blockchain technology to increase transparency and sustainability in complex supply chains, according to press release published on Feb. 25. Mercedes-Benz, a division of Daimler AG, a German multinational automotive corporation, has partnered with United States-based software company Icertis for cooperating in the development of blockchain tech for supply chain use. Mercedes-Benz has announced that that they have jointly developed and programmed a prototype with Icertis based on blockchain technology that allows for the storage of documentations and contracts in…

One Man’s Quest to Make Buenos Aires a Bitcoin City

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A 19-year-old information engineering student in Buenos Aires, Argentina, has started a grassroots campaign to educate local businesses about accepting bitcoin as a payment method. First introduced to the cryptocurrency when he was 13, Leo is intent on seeing the vision of bitcoin becoming a mainstream transactional currency realized, and believes that homegrown actions as simple as distributing informational flyers is key to the eventual widespread integration of bitcoin into everyday business and society. Also read: Public Transport Across Argentina Can Now be Paid With BTC Inspired by Bitcoin’s Vision…

Supreme Court of India Puts 4-Week Deadline on Release of Crypto Regulation by Government

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The Supreme Court of India has reportedly granted four weeks to Indian authorities to come up with cryptocurrency regulation policies, local news outlet Inc42 reports on Feb. 25. If the Indian government does not provide a crypto regulatory framework in four weeks, the Supreme Court is set to release their own judgement, the article states. At the hearing on Feb. 25, the court has given one last opportunity to the Union of India to develop crypto regulation, stressing that afterwards, the Court will stop hearing crypto-related cases, including the parties…

Crypto Startup Enjin to Back Rumored Samsung Galaxy S10 Blockchain Wallet

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South Korean crypto company Enjin Wallet has reportedly been appointed by Samsung to back a blockchain wallet in its new Galaxy S10 smartphone, anonymous sources told Asia Crypto Today on Monday, Feb. 25. The anonymous interlocutors provided an image to the outlet that was purportedly posted by Tworld — Korea’s second largest telecom company. The screenshot shows the Enjin wallet being used in the Galaxy S10 for Ethereum (ETH) transactions. The image also features Enjin coin (ENJ) and Basic Attention Token (BAT) — an Ethereum-based token used in digital advertising.…