Day: March 11, 2019

US Marshals Service Issues Information Request on Management of Forfeited Crypto Assets

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United States federal law enforcement agency, the U.S. Marshals Service (USMS), is looking to set up an agent for managing confiscated cryptocurrency, according to public documents released on March 5. The USMS has recently published two draft documents including a Request for Information (RFI) for legal procedures of the management and disposal of forfeited crypto assets. As a key component of the department’s Asset Forfeiture Program (AFP) operating within the U.S. Department of Justice (DoJ), the USMS intends to assign an agent or contractor that will manage and dispose of…

Dubai Real Estate Giant Emaar to Launch ETH Token, Considers ICO in Europe

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Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Per the article, the token will be developed by Swiss blockchain startup Lykke, and will grant Emaar’s customers and stakeholders access to the referral and loyalty system across the entire company. Emaar is the largest real estate company in the United Arab Emirates (UAE), responsible for the Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Opera. According to…

EOS Block Producer Calls Reports of $3 Trillion EOS Transaction FUD After Payment Fails

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Blockchain protocol EOS (EOS) has dismissed worries over a recent transaction that hypothetically would be worth over $3 trillion.   As picked up by Whale Alert, a Twitter account monitoring large transactions on cryptocurrency blockchains, an EOS user named “f***hacker.x” succeeded in creating a transaction for 1 trillion EOS tokens ($3.61 trillion). The transaction, which ultimately failed due to its size being far greater than the total circulating EOS supply, initially raised concern. At press time, EOS is trading at around $3.61 with a total market cap of around $3.2…

Stellar is Surging on SatoshiPay Acquisition Rumors, Is It Sustainable?

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Following on from a generally quiet weekend, Stellar’s XLM continues a strong performance into Monday. This brings welcome relief to a project that had fallen sharply since last November when it was trading as high as 4,705 satoshis. As of 08:00 GMT, XLM/BTC is trading at 0.0002678, up 25% from March 7th. During this time frame, 24-hour volume has increased by $77million, with Chinese exchange ZB.com currently accounting for the majority of the volume with its XLM/USDT pairing. SatoshiPay Will Use Stellar’s XLM for Micropayment Solutions On the 7th March,…

European Commission Offering 32 Blockchain Startups €200.000 Equity-Free Cash for Citizen Data Control Decentralised Solutions

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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 –…

Crypto Card and Wallet Offers Free Spotify and Netflix Subscriptions

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A payments and cryptocurrency platform offering a Visa card that can be used anywhere has unveiled a range of cashback benefits designed to attract modern consumers and frequent travelers. Crypto.com says it now offers free Netflix and Spotify subscriptions to its MCO Visa Card holders. Users who pay for their subscription with the MCO Visa Card can receive a 100 percent rebate on the cost of their plan, dependent on the type of card they have signed up for. The platform is also offering 10 percent rebate on Expedia bookings…

Swiss Stock Exchange SIX to Reportedly List XRP Exchange-Traded Product

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Switzerland’s largest stock exchange SIX will reportedly launch another crypto exchange-traded product (ETP) for XRP, crypto outlet The Block writes Monday, Mar. 11. Amun AG, a Swiss crypto startup that launched the world’s first listed crypto index product on SIX last November, has confirmed the information to The Block. According to the startup, the XRP ETP will soon be launched under the ticker AXRP. As of press time, SIX has not confirmed the information to Cointelegraph. Co-founder and CEO of Amun AG Hany Rashwan told another crypto media outlet, Coindesk,…

Unlocking widespread DApp development and adoption

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How do you incorporate blockchain technology into your daily life? In this article, Jimmy Zhong, CEO of IOST, the application-friendly, next generation public blockchain infrastructure, guides you through DApp development and adoption. Move past the learning curve! As the blockchain world impatiently awaits the next game-changing infrastructure that will transform widespread adoption, the true value of user-friendly, engaging decentralized applications (DApp) is often overlooked. Many consumers and enterprises are at a loss when it comes to incorporating blockchain technology into their daily lives, while the industry attempts to move the…

Deutsche Borse, Swisscom and Sygnum Partner to Create Compliant Digital Asset Ecosystem

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Global market infrastructure provider Deutsche Borse Group, Swiss state-owned telecoms and ICT firm Swisscom, and Swiss and Singapore-based fintech company Sygnum have entered into a strategic partnership to build out a compliant financial market infrastructure for digital assets. The development was announced in a joint press release published on March 11. The new initiative will reportedly focus on creating a distributed ledger technology (DLT)-based ecosystem to support the nascent tokenized economy, which, the partners contend, “has the potential to reshape global financial markets.” The forthcoming ecosystem will reportedly span compliant…

IBM, CUSO CULedger Partner to Develop Blockchain Solutions for Global Credit Unions

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Tech giant IBM is partnering with blockchain consortium and credit union service organization (CUSO) CULedger to develop new blockchain-based solutions for the credit union industry. The development was announced in a press release shared with Cointelegraph on March 11. IBM and CULedger will reportedly jointly pioneer solutions using permissioned blockchain networks that will innovate existing business models and processes for credit unions. These solutions can reportedly improve services such as digital identity authentication, Know Your Customer compliance, lending and payments services, and other consumer processes that require authentication. Leveraging blockchain…