Day: March 1, 2019

Ethereum Developers Start Search for New Hard Fork Coordinator

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Developers in the ethereum community are seeking a new specialist to help coordinate major software upgrades. Following the departure of core developer Afri Schoedon from the open-source project in late February, ethereum developers discussed the issue of who would take his place in coordinating hard forks, or system-wide software upgrades, in a meeting Friday. Schoeden left just last week after favorable remarks he made about another blockchain project sparked social media outcry. The role as highlighted by Ethereum Foundation community relations manager Hudson Jameson would consist of “[deciding] on hard dates for…

Startup Hits One Million Sign-Ups for Waitlist

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Blockchain startup Digitex Futures is ready to launch its commission-free futures exchange. The platform is planning to add traditional futures markets — including forex, metals, commodities and indexes — to crypto options in order to attract different groups of traders. One of the goals of the new startup is to fill the gap that Digitex sees in the exchange market. The company notes that regulated exchanges offer high security, together with high fees. Smaller platforms are cheaper for traders but riskier, as they are more attractive for crypto criminals. For…

ExxonMobil, Chevron and Five Others Form Global Oil and Gas Blockchain Consortium

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Seven global oil and gas firms, including American industry giants ExxonMobil and Chevron, have partnered to form a blockchain consortium, according to a press release on Feb. 26. The so-called Oil & Gas Blockchain Consortium, residing under the Offshore Operators Committee (OOC), intends to conduct proofs of concept (PoC) in order to explore and apply the benefits of blockchain, as well as contribute to global adoption of the tech. According to the press release, the consortium represents the first initiative of its kind in the oil and gas industry in…

Malaysian State to Launch Blockchain Solution to Track Agricultural Products, Says Official

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The Malaysian state of Penang is considering the use of blockchain technology in food and agricultural products supply chains, local English-language newspaper The Star reports on March 1. According to the country’s Deputy Minister of Agriculture and Agro-based Industries, Sim Tze Tzin, cited by the newspaper, the technology can be used for various applications in the industry. For instance, consumers would be able to track the origins of a particular product they purchase by scanning codes. Additionally, the industry can quickly warn consumers about the outbreaks of dangerous foodborne diseases.…

Bitcoin (BTC) shaking off Bears, New Californian “BitLicense” May Slow down Bulls

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Bitcoin prices in range mode Controversial AB 1489 bill introduces stringent rules for VCs Transactional volumes low but the trend has been positive The question is whether AB 1489, a new Californian bill, will pass as the state follows the New York route. If so, it is likely that prices will dump in response. However, in the meantime, Bitcoin (BTC) could expand above $4,500 as bulls aim for $6,000. Bitcoin Price Analysis Fundamentals Talk is about the fruitful relationship between favorable and supportive legislation and the entry of high net-worth,…

US Mt Gox Victims Score Legal Win Against Infamous Bitcoin Exchange

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Mark Karpeles, the former CEO of the notorious Mt Gox, has lost the motion to strike a lawsuit against him on the grounds that plaintiffs – specifically the defunct bitcoin exchange’s US victims – are likely to be reimbursed eventually. The exchange’s former CEO spent nearly a year in a Japanese jail after being arrested and charged with embezzlement and is now out on bail. Karpeles is awaiting trial in a country with a 99% conviction rate and faces up to 10 years in prison following the loss or theft…

Binance to Give Away $100,000 in BNB to Test its Crypto Decentralized Exchange

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Binance, the world’s largest crypto trading company by volume and geographical presence, is giving a rare offer to its users: get paid for testing its newly released decentralized exchange. The Malta-based startup announced Friday that it is going to distribute $100,000 worth of rewards in its “testnet trading competition.” The round will allow participants to create a wallet and exchange tokens on the Binance decentralized exchange (DEX) testnet. To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet…

US Court Denies Ex-Mt. Gox CEO Karpeles’ Motion to Stay Lawsuit Against Him

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Former CEO of now-defunct Bitcoin (BTC) exchange Mt. Gox, was denied his motion to stay the United States lawsuit against him in light of rehabilitation proceedings in Japan, fintech news agency FinanceFeeds reported on March 1. On Thursday, Feb. 28, the motion by ex-Mt. Gox CEO Mark Karpeles was reportedly denied by the Illinois Northern District Court judge Gary Feinerman. The court also ruled to extend the deadline to submit responses to any already provided discovery requests to May 15, 2019. Karpeles filed a motion to stay the U.S. case…

Swedish Digital Marketing Firm Launches Blockchain-Based Ad Network

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Swedish digital marketing company Tradedoubler has launched a blockchain-based platform to connect publishers with advertisers, according to a press release published on Feb. 27. The digital ad network, which will serve as a decentralized data storage, enables automated and more transparent interactions between advertisers and publishers, or websites looking to host ads. The platform is scheduled to launch on March 20, 2019, with other functionalities to be introduced in the second half of 2019. The publisher’s interface, which will be the first solution available, includes such features as product feeds,…

Auction of Seized Bitcoin Draws Interest From 110 Countries

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Wilsons Auctions on Feb. 28 successfully sold off 315 bitcoin seized by the Belgian police from dark web drug dealers. The 24-hour online auction attracted interest from buyers from 110 countries. Also read: Europe’s Regulatory Head Seeks Further Control of Crypto Assets Wilsons Sells Off $420k of Confiscated Crypto Irish auctioneer Wilsons won the contract to dispose of the criminal assets on behalf of the Belgian Government. The 315 coins consisted of 104.99 each of bitcoin core, bitcoin cash and bitcoin gold. The total haul was valued at around £300,000…