Day: November 6, 2019

Volvo Cars to implement blockchain traceability of cobalt used in electric car batteries

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Volvo Cars will become the first carmaker to blockchain technology in order to globally trace the cobalt used in its batteries.   advertisement “We have always been committed to an ethical supply chain for our raw materials,” said Martina Buchhauser, head of procurement at Volvo Cars. “With blockchain technology, we can take the next step towards ensuring full traceability of our supply chain and minimising any related risks, in close collaboration with our suppliers.” Traceability of raw materials used in the production of lithium-ion batteries, such as cobalt, is one of…

Bitfinex Postpones Kimcoin’s Token Sale Until Further Notice

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Bitfinex postponed the sale of Kimcoin indefinitely. The regulatory framework in the industry is affecting initial exchange offerings. Kim Dotcom tried to avoid countries within the U.S. jurisdiction. Bitfinex, a Hong Kong-based cryptocurrency exchange, announced its decision to postpone the initial exchange offering (IEO) of Kimcoin, the native cryptocurrency of the content monetization platform K.im. Halting Kimcoin Token Sale On Nov 5, Bitfinex revealed in a blog post that the first IEO on the rebranded platform Bitfienx Token Sales, formerly known as Tokinex, would not take place. The decision was…

Bitfinex Postpones Kimcoin’s Token Sale Until Further Notice

boss

Bitfinex postponed the sale of Kimcoin indefinitely. The regulatory framework in the industry is affecting initial exchange offerings. Kim Dotcom tried to avoid countries within the U.S. jurisdiction. Bitfinex, a Hong Kong-based cryptocurrency exchange, announced its decision to postpone the initial exchange offering (IEO) of Kimcoin, the native cryptocurrency of the content monetization platform K.im. Halting Kimcoin Token Sale On Nov 5, Bitfinex revealed in a blog post that the first IEO on the rebranded platform Bitfienx Token Sales, formerly known as Tokinex, would not take place. The decision was…

A Note From The Editor: Allow Me To Introduce Myself

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I’m thrilled to share that I’m the new executive editor of Cointelegraph. I wanted to take this opportunity to introduce myself to our readers. This is a return to blockchain journalism for me. I first bought Bitcoin in 2011, when I was curious about this new technology. I had been looking for an inexpensive way to send money to myself from Turkey, where I was working as a correspondent, to the U.S., where I needed to pay my student loans. (And yes, I do wish I had held onto those…

Binance to Help Ukraine Prepare Cryptocurrency Legislation by End of 2019

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Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country. Potential legal status of cryptocurrencies in Ukraine Binance has signed a memorandum of understanding (MoU) with the Ministry of Digital Transformation of Ukraine to jointly work on the legal status of cryptocurrencies in the country, according to a press release shared with Cointelegraph on Nov. 6. According to the announcement, the Ministry, Members of Parliament (MP) and commercial companies are planning to finalize the relevant bills and introduce them to the Ukrainian Parliament,…

Draft Document Reveals Intention to Develop Cryptocurrency by European Central Bank

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Facebook’s announcement in June to launch its own cryptocurrency, Libra, met a lot of obstacles as countries including France and Germany claimed that the use of Facebook’s digital currency in their territories could be a potential risk for their financial sector. In accordance with that assessment, recently a European Union draft document obtained by Reuters stated that the European Central Bank (ECB) should research and consider the development of a public digital currency as Facebook’s digital currency is apparently a cause of grave concern for international regulators. This idea has…

How Will China Pursue Xi Jinping’s Blockchain Adoption Plan?

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After President Xi Jinping called to speed up the development of blockchain technology in the country on Oct. 24, blockchain-related news from China just keeps on coming as the country is seemingly eager to beat the United States (or any other country) in the race to implement blockchain initiatives. For this purpose, a special regulatory body has been created to monitor over 700 local decentralized projects, and any articles containing anti-blockchain statements are now banned. Talking about blockchain is good! The country’s authorities have studied the possibilities of distributed ledger…

China Removes Bitcoin Mining From Unwanted Industries List

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Inspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up intentions to suppress the bitcoin mining industry, in which Chinese companies have become global leaders. Also read: Another Chinese Lender Bailed Out After Bank Run Mining Not to Be ‘Eliminated’ The Industrial Structure Adjustment Guidance Catalog, issued by China’s National Development and Reform Commission (NDRC), has lost a reference to crypto mining activities. This is…

Ethereum Price Technical Analysis (Nov. 6): Indications of a Further Correction

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When looking at the chart below we can see that Ethereum (ETH)trade is trading at $190.70. It can also be seen that the second-largest cryptocurrency’s price is back in the channel after a false break out. The upper limit of the channel at $192 is also acting as resistance and $187 is acting as support. The lower limit of the channel is $181. There is also a formation of an evening star pattern, which is a bearish reversal pattern indicating further correction. The price is expected to trade inside the…

Ripple Backs New Platform for Smart Contracts Flare Networks via Its Xpring

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It has been revealed that Xpring, Ripple’s investment arm, invested in Flare Networks, a platform for smart contracts. Apart from being popular for using in its solutions XRP which is the third-largest digital currency in the world and has been for a long time, Ripple is also quite known for many of its offerings in the sector, including several divisions and partnerships. The company through its investment arm Xpring, has now invested into Flare Networks, a platform for smart contracts. According to an official Flare Networks blog post, Ripple has…