Day: July 2, 2019

IOTA Foundation Launches Trinity, a New Software Wallet for IOTA tokens

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The IOTA Foundation has launched the Trinity wallet, as the organization announced in a press release on July 2. The announcement advertises the Trinity wallet as an improve to both ease-of-use and security for users conducting transactions in IOTA, with the purported goal of appealing to both new and advanced users. Reportedly, the wallet’s beta version has seen 160,000 downloads and transactions worth over $1.8 billion of IOTA. Cybersecurity firms SixGen andAccessec audited the application in advance of release. As a software wallet, Trinity is designed for compatibility with Ledger’s…

Fidelity-Backed ErisX Bags CFTC Bitcoin Futures Contracts License

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Cryptocurrency trading startup ErisX has received the regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to offer Bitcoin-backed futures contracts to investors. The fintech firm announced in a Medium post published on July 2, 2019. ErisX Bags Coveted License  ErisX, a cryptocurrency trading platform backed by the likes of Fidelity Investments and Nasdaq, has been granted a derivatives clearing organization (DCO) license under the U.S. Commodity Exchange Act (CEA). With this, ErisX will now be able to offer investors digital asset futures contracts on its upcoming derivatives trading…

Blockchain Startups Raised $822 Million in H1 2019: New Report

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Blockchain startups have raised $822 million in 279 separate venture capital (VC) deals in H1 2019, according to a report by American venture platform Outlier Ventures released on July 2. According to the research, titled “State of Blockchains Q2 2019,” 159 deals out of total 279 were seed stage ones, which shows that a sufficient number of enterprises have moved from proof of concepts in the industry, launching “fully developed open-source projects” instead. In this regard, Outlier Ventures cited the United States’ largest bank, JPMorgan, and Big Four auditor Ernst…

Maritime Carrier Hapag-Lloyd Joins Blockchain Tracking Platform TradeLens

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Maritime shipping firms Ocean Network Express and Hapag-Lloyd have joined blockchain tracking platform TradeLens, financial news outlet The Wall Street Journal reports on July 2. The Japan-based Ocean Network Express and Germany-based Hapag-Lloyd will join the TradeLens platform launched by Danish logistics conglomerate A.P. Moller-Maersk and tech behemoth IBM. As Cointelegraph reported at the time, the world’s second-largest shipping company Mediterranean Shipping Co (MSC) and fourth-largest container shipping firm CMA CGM, have joined blockchain shipping platform TradeLens in May.  The platform aims to reduce paperwork and associated costs and time…

Power Ledger to roll out digital commodity trading software in the United States through Clearway partnership

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Power Ledger has announced a partnership with renewable energy developer, owner, and operator Clearway Energy Group (“Clearway”) to develop a platform to trade Renewable Energy Certificates (RECs) in the United States. In at least 29 U.S. states, electricity companies are required to supply a portion of their electricity from renewable sources each year. Many companies purchase RECs as a way of meeting their mandatory clean energy quotas. RECs are tradable commodities that represent proof that one megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource. “Power Ledger…

Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

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The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO. BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America. Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement. Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley…

Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

boss

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO. BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America. Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement. Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley…

Africa’s Interest in Bitcoin Remains High as 15 States Plan to Adopt the ‘Eco’ Currency

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By 2020, a large group of West African countries plan to adopt a single fiat currency called the eco. After a meeting in Abuja held on June 29 between the 15 member-country regional bloc, the implementation of a new single currency, after debating the monetary unit for years, was agreed. Despite the eco discussion and economic uncertainty within the massive continent, Africans still have a deep interest in digital currencies. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque 15 West African Countries Plan to Introduce…

South Korea’s Largest Telecom SK Group Invests $10M in ConsenSys

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South Korea’s largest telecom and the third top conglomerate SK Group has invested $10 million in major global blockchain firm ConsenSys, according to a report by local news agency Chosun on July 2.  Worth noting is the increased involvement of major South Korean companies into crypto industry, including Samsung, internet giant Kakao, Hyundai, among others. In the report, Chey Tae-won, chairman at SK Corporation and South Korean billionaire entrepreneur, has expressed interest in blockchain and token economy. Speaking at a tech startup event in Seoul, Chey argued that traditional business…

Nestlé Reveals Blockchain Supply Chain Tracking Pilot Program

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Swiss-headquartered food retail giant Nestlé announced its intention to track its products along the supply chain with blockchain technology in a press release published on July 2. The project is jointly pursued with OpenSC. As Cointelegraph reported at the time, OpenSC is a blockchain platform launched through a partnership between WWF-Australia and global corporate venture BCG Digital Ventures in January. Nestlé claims that — thanks to this project — it becomes the first “major food and beverage company to announce that it will pilot open blockchain technology in this way.”…