Day: October 4, 2019

Walmart Uses Blockchain Tech to Track Shrimp Supply Chains

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United States retail giant Walmart, in collaboration with IBM, will use blockchain technology to track its shrimp supply chains. On Oct. 4, Indian business publication LiveMint reported that Walmart will use blockchain technology to track its Indian-sourced shrimp to select locations of Sam’s Club retail stores in the U.S. This is reportedly the first time that blockchain technology will be used to track shrimp exports from the Indian farmer to an overseas retailer. President of the National Fisheries Institute John Connelly said:  “As one of the most traded commodities in…

Japanese Messenger Line, Nomura Holdings Form Blockchain Alliance

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Japanese messaging app Line has entered into a final agreement with financial giant Nomura Holdings to form a blockchain alliance. Focus on blockchain technology On Oct. 4, Line, together with Line Group company LVC Corporation and Nomura Holdings, announced that the three companies have signed the final capital alliance agreement, which is based on the collective intent to explore business opportunities in the blockchain industry. Cointelegraph previously reported that the three partners had signed a memorandum of understanding at the end of January 2019, with the intention to sign a…

Crypto Rating Council Is Out to Help Change US Regulatory Landscape

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At the end of September, a number of established crypto firms (including Kraken, Bittrex and Coinbase) that are currently operating in the United States came together to establish a new governance body called the Crypto Rating Council (CRC) so as to jointly provide more clarity on the definition of various cryptocurrencies — that is, establish which digital assets can be classified as securities and those that can not.  This development comes as an effort to provide investors (as well as casual enthusiasts) with a clear outlook on which tokens they…

Price Analysis 04/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO

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A few altcoins are looking strong. Is it a good time to buy or is this only a dead cat bounce? Let’s study the charts. Apple CEO Tim Cook said that he is not comfortable with private companies creating their own cryptocurrencies. Therefore, he ruled out plans of Apple releasing its own currency token. Though Facebook has announced plans to launch the Libra stablecoin, it is facing a lot of regulatory hurdles. Due to this, a few early backers of the project are reportedly planning to drop out, prominent among…

Redditor Spots Imposter Website for Trezor Bitcoin Wallet

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A Redditor has apparently spotted an imposter website for Bitcoin (BTC) hardware wallet Trezor. “Imposter site trying to steal your Bitcoin” On Oct. 4, Reddit user castorfromtheva posted about the website, stating that they conducted a test to confirm that it was not genuine. They said: “I just made a little ‘typo’ test and entered ‘tezor[dot]io’ where I obviously left out the ‘r’. I was instantly redirected to a site called https://trezor[dot]run/start/ which is not the original trezor site (the correct size is http://trezor.io respectively https://trezor.io/start/).” The Reddit user said…

PayPal Might Quit Facebook’s Libra Project

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When it comes to the payments space, there is no other company that has a reputation as big as that of PayPal (NASDAQ:PYPL). Hence, when it emerged that the payments giant was going to be a part of the Libra Association, there was a lot of anticipation about the sort of product Libra was going to be. Key Details However, according to the latest reports, it has emerged that PayPal is now considering pulling out of the Libra Association. The reason behind the decision is tied to the regulatory issues…

Galaxy Digital and XBTO Execute First Block Trade of Bakkt Bitcoin Futures

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Intercontinental Exchange (ICE), the governing body behind the New York Stock Exchange, has executed the first block trade of Bakkt Bitcoin (BTC) futures contracts. ICE revealed the development in an Oct. 4 press release, specifying that the first Bakkt Bitcoin Futures block trade was executed between digital assets merchant bank Galaxy Digital and crypto investment firm XBTO on Oct. 1. The deal was cleared by agricultural commodities merchant ED&F Man. Following the block trade execution, XBTO stated: “Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took…

New York State Financial Regulator Hiring Crypto and Blockchain Specialist

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New York state’s financial regulator is hiring a specialist with expertise in the field of virtual currencies and blockchain, per a recently published announcement. The Department of Financial Services is looking to hire a Deputy Superintendent in the Research and Innovation Division, with a background in cryptocurrencies, blockchain, distributed ledger technology and other related fields. The person in this position is set to be in charge of policy decisions and the regulation of emerging and innovative markets. The individual will be responsible for directing the development of enforcement procedures, policies…

China Merchants Bank Subsidiary Uses Blockchain for DeFi Applications

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Hong Kong-based China Merchants Bank International (CMBI) will develop and launch blockchain-based solutions for its financial services. CMBI and Huobi partner with Nervos In an Oct. 3 press release shared with Cointelegraph, CMBI, a wholly-owned subsidiary of China Merchants Bank, announced that it is partnering with Chinese blockchain startup Nervos to apply blockchain technology to its financial products and services. CMBI plans to utilize Nervos, which was founded by a former researcher and developer of the Ethereum Foundation, to power its future decentralized finance (DeFi) applications.  CMBI is purportedly examining…

Research Claims EOS Network Can Freeze, Block.one Denies Any Errors

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Within the past few weeks, EOS blockchain protocol users have been experiencing periodic problems with network access. A recent article written by pseudonymous smart-contract developer and security engineer Dexaran described the apparent root of the problem: an inexpensive technique that allows hackers to “congest” the network — or put it into a low-efficiency mode — with just a few dollar’s worth of EOS. Seemingly, that exploit allowed a hacker to steal more than $110,000 in cryptocurrency from an EOS gambling application, EOSPlay, earlier in September. However, executives of EOS’s parent…