Day: November 20, 2019

Polymath Moves Security Token Platform Off Ethereum and Onto Parity’s Substrate

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Two European Salmon Producers Use IBM’s Blockchain Platform to Track Supply Chain

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Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their product supply chains. Cermaq announced the development in a Nov. 20 press release, revealing that it cooperated with Labeyrie and IBM’s blockchain platform IBM Food Trust to enable customers to get information about the salmon value chain. All Cermaq salmon products now come with a CV and QR-code, so consumers can check details such as: “… [fish] origin, when it was hatched, which fresh water facility it came from, how big it…

ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

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Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token. According to the executive, zero-fee trading solves two major problems of non-custodial exchanges — illiquidity and high price of services. In order to trade at a zero-fee rate, ShapeShift customers will have to hold the Ethereum-based ERC-20 FOX tokens, Voorhees explained, stating: “The model is simple: hold FOX &…

Gods Unchained Transfers 6 Million Cards Over Ethereum in 3 Days

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Blockchain card game Gods Unchained has registered a record number of transactions on the Ethereum ERC-721 standard. Despite eclipsing CryptoKitties transactions in a matter of days, Gods Unchained is not clogging up the blockchain. The Gods Unchained marketplace will soon go live and provide a useful test-case for the future of Ethereum gaming. Crypto asset market research firm CoinMetrics has confirmed a huge spike in blockchain card trading over the last three days. The bulk of the transactions have come from the Hearthstone-inspired game Gods Unchained. According to CoinMetrics, transactions…

Price Analysis 20/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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Bitcoin price is close to critical support levels, but we anticipate a bounce off the support levels as we take a look at the charts. The Federal Reserve Board Chairman Jerome Powell has said that the Fed is not developing a central bank digital currency (CBDC), but it is conducting its own research to evaluate the benefits and limitations of such an initiative. On the other hand, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, believes that China will launch its digital currency within the next six…

French Cybercrime Division Uses Smart Contacts on Tezos Blockchain

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The French Armies and Gendarmerie’s Information and Public Relations Center has validated judicial expenses incurred during investigations on the Tezos (XTZ) blockchain. A press release published on Nov. 20 notes that the Gendarmerie’s cybercrime division (C3N) used the system to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets. Blockchain ensures the ability to audit Tezos’ main development and research center, Nomadic Labs, claims that the system employs “the first smart contract ever developed by a public authority.” The program enables C3N to buy cryptocurrency from…

Monex Subsidiary Trade Station Launches New Crypto Brokerage

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United States-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a cryptocurrency brokerage platform via a newly-launched offshoot called Trade Station Crypto. As Cointelegraph Japan reported on Nov. 20, the platform will establish an online brokerage model in line with similar platforms that exist for traditional assets in equities, options, futures and forex markets. Initial support for five major cryptos As distinct from an exchange, which functions as a self-contained market and can, therefore, lack deep liquidity, Trade Station claims that its crypto brokerage services…

US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System

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The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill Fosters’ request on whether the Federal Reserve plans to launch a national digital currency, financial services reporter Zachary Warmbrodt tweeted on Nov. 20. In the letter, Powell set forth the Federal Reserve’s views on the creation of a CBDC, emphasizing that, although the agency is not currently developing…