Day: June 13, 2019

Rhode Island Solicits Proposals for Blockchain Solutions in Government

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The Rhode Island Department of Administration/Division of Purchase in the United States has issued a public solicitation for blockchain solutions via proof-of-concept proposals, according to official documentation published on May 31. The department is particularly seeking proposals from “qualified firms” that aim to “further the State’s goal of becoming more efficient, transparent, accurate, secure and business-friendly.” The deadline for submissions is set for June 21. The solicitation notice includes a plethora of areas these blockchain solutions could aim to cover, including licensing, antifraud, contracts, medical marijuana, and crowdsourcing — but…

Morgan Stanley Cries Wolf on ‘June Gloom’ Economic Recession Flare

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By CCN Markets:  Morgan Stanley economist Ellen Zentner told clients today that June may be a rough month in the economy, going so far as to suggest “June Gloom” is looming. This comes on top of a similar warning two weeks ago from the very same Wall Street firm. The latest research note reportedly states: “The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors.” Zentner is often solid on many things. On the most recent note, however, she’s off base. Morgan Stanley is relying on…

Blockchain Market in Automotive & Aerospace Industries to Reach Over $20B by 2029

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The blockchain market in the automotive and aerospace fields will reach over $20 billion by 2029, according to a recent report from market research project Reportlinker published on June 13. The analysis projects that blockchain applications in the automotive and aerospace and aviation industries will grow at a compound annual growth rate of 60.35% between 2019 and 2029. The study sees blockchain features such as transparency, fast transaction settlements, and removal of risk of fraud as major growth drivers. The report reads: “The finance, payments, and insurance services for automotive…

Crypto Markets Trade Sideways, Major Stock Indexes Close With Minor Gains

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Thursday, June 13 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all still in the green, seeing minor gains since yesterday. The market as a whole is mostly trading sideways. Market visualization. Source: Coin360 Bitcoin broke $8,300 today, after trading below $8,000 for part of June 12. At press time, BTC is trading at $8,243 but is still trending up by 1.12% on the day. Bitcoin 24-hour price chart. Source: Coin360 The top altcoin and number two cryptocurrency, ether, is trading sideways, seeing 24-hour losses under 1%…

Fundstrat Global Advisors Technical Analysis Points to Further Rally

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In its new technical analysis, market research company Fundstrat Global Advisors says that cryptocurrencies are poised to make further gains, Bloomberg reported on June 13. Per the analysis, most digital currencies are trending upwards as relative-strength-index momentum has begun to turn upward from neutral. The tendency purportedly indicates strength in the markets. Rob Sluymer, a technical strategist at Fundstrat, told Bloomberg that he is recommending investors demonstrate patience in the wake of the crypto markets’ surge in May, but stressed that there are early signs of potential new gains. Sluymer…

Conglomerates’ Deep Pockets Continue Blockchain Growth in South Korea Despite Crypto Ban

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Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean companies — including Samsung, Naver and NHN, just to name a few — entering into the blockchain space emerge. Still, South Korea is one of the most advanced markets in the blockchain and cryptocurrency industry. The first indication comes from how dominant Korean exchanges were during the crypto bull run…

Canadian University to Issue Blockchain-Based Diplomas to Class of 2019

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A Canadian tech institute will issue blockchain-based diplomas to its next graduating class, according to an official press release on June 13. The Southern Alberta Institute of Technology (SAIT) has partnered with blockchain marketplace ODEM (On-Demand Education Marketplace) to provide blockchain-based copies of student diplomas for SAIT’s graduating class of 2019.SAIT’s class of 2019, which is made up of over 4,800 students, will reportedly be able to use blockchain technology to share their official diplomas as needed, circumventing the need for alumni to request official documents from SAIT to send…

Ampleforth Raises $5M in 11 Seconds in Tokinex Exchange Offering

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Ampleforth has raised $4.9 million in 11 seconds in its AMPL token sale, according to an announcement on June 13. The initial exchange offering (IEO) was the first to take place on Ethfinex and Hong Kong-based crypto exchange Bitfinex’s Tokinex platform . An IEO is an alternative to an initial coin offering (ICO) in which a centralized exchange is responsible for vetting the token projects and investors, and then subsequently conducting the initial sale of the token. This IEO, ran by Tokinex, reportedly sold off 10% of Ampleforth’s total token…

Binance De-Risks Amidst Regulatory Pressure, Plans for US Crypto Exchange

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Binance, one of the world’s leading cryptocurrency exchanges by trading volume, has been making wave after wave across the crypto industry in recent weeks. The Malta-based trading platform known for its exotic altcoin offering has saw its native crypto token soar, launched a DEX, debuted their Binance Launchpad platform for the much hyped IEO tokens, offered a taste of the margin trading to come, and much more. In their latest news, that many say is “huge” for the Changpeng Zhao-led firm, and could help the company shed any lingering risk…

Swedish Bitcoin-Powered Mobile Refill Service Bitrefill Raises $2M to Expand Services

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Swedish crypto-powered mobile refill service Bitrefill has closed a seed round of $2 million to expand its services, crypto media outlet The Block reports on June 13. The Stockholm-based company offers mobile service top-ups in bitcoin (BTC), enabling users to recharge their mobile subscriptions using the major cryptocurrency. Following the new funding round, led by United States-based bitcoin startup Coin Ninja, Bitrefill is reportedly planning to expand its services outside the U.S. and Europe, as well as launch new products. In March 2019, Bitrefill enabled crypto payments for reservations on…