Day: February 10, 2020

$3.75B Food Safety Company Enlists Blockchain Startup to Track Sourcing

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Neogen Corporation, a publicly-traded food safety company with a $3.75 billion market cap, looks to food industry blockchain startup Ripe Technology to track supply chains.  According to the press release, the two companies are going to work together to use blockchain as a permanent, immutable means to record the whole production process of food consumption and livestock.  The new partnership Neogen is an international food safety company that provides test kits and relevant products to detect dangerous substances in food, while Ripe was launched in 2017 and seeks to improve…

Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites

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Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites.  According to Finance Magnates’ Feb. 10 report, the Commissione Nazionale per le Società e la Borsa (CONSOB) has accused these 8 FX sites of violating the Mifid2 and the Consolidated Law on Finance (TUF) for providing illegal trading products and services.  Crypto regulation in Italy Aiming to protect investors, the Italian authorities have set out to establish cryptocurrency regulation domestically. A 2016 ministerial resolution implemented a European Court of Justice decision. It…

SEC ‘Safe Harbor’ Proposal Lauded by Token Fans, DeFi Builders at 0x Conference

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The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble. Announced the day before decentralized finance (DeFi) protocol 0x’s 0xpo conference last Friday in San Francisco, founders, lawyers and tokenization fanatics of all stripes said the proposal a boon for both entrepreneurs and investors in the nascent tokenization industry. And what better a place to ponder the news: an event dedicated to the permissionless exchange of digital assets with a deep roster of ethereum veterans in attendance. Add…

SEC ‘Safe Harbor’ Proposal Lauded by Token Fans, DeFi Builders at 0x Conference

boss

The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble. Announced the day before decentralized finance (DeFi) protocol 0x’s 0xpo conference last Friday in San Francisco, founders, lawyers and tokenization fanatics of all stripes said the proposal a boon for both entrepreneurs and investors in the nascent tokenization industry. And what better a place to ponder the news: an event dedicated to the permissionless exchange of digital assets with a deep roster of ethereum veterans in attendance. Add…

5 Reasons Coronavirus is Way Worse than You’ve Been Led to Believe

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The conflicting information coming out about coronavirus speaks volumes about how dangerous the novel disease could be. There’s ample reason to believe the situation is likely much worse than anyone thinks. Here are five convincing reasons to believe so. The coronavirus is a whisker away from becoming a pandemic for the World Health Organization (WHO). In truth, it’s already a worldwide threat. By the time the WHO begins to digest what is going on, things could get much worse. The press and the authorities have been giving conflicting information, and…

5 Reasons Coronavirus is Way Worse than You’ve Been Led to Believe

boss

The conflicting information coming out about coronavirus speaks volumes about how dangerous the novel disease could be. There’s ample reason to believe the situation is likely much worse than anyone thinks. Here are five convincing reasons to believe so. The coronavirus is a whisker away from becoming a pandemic for the World Health Organization (WHO). In truth, it’s already a worldwide threat. By the time the WHO begins to digest what is going on, things could get much worse. The press and the authorities have been giving conflicting information, and…

Trump’s 2021 Budget Proposal Seeks to Optimize Crypto Policing

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U.S. President Donald Trump’s $4.8 trillion budget proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.  The reshuffling would “create new efficiencies” in the Secret Service’s investigation of criminal acts involving cryptocurrencies and the financial marketplace, the executive report reads. It will also give Treasury more fire power to, as the budget reads, “disrupt terrorist financing, hold rogue states and human rights abusers accountable, and detect…

3 Hypocritical Oscars Moments That Prove Hollywood Has Lost Its Mind

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Hollywood exploits politics to get attention and distract from the growing irrelevance of the Oscars. The Oscars’ elitist attitude makes it a terrible platform for political activism. Not only did the Academy invite a homophobic performer, but it refused to show feminine hygiene ads during its broadcast. This year the Oscars proved once again just how out of touch with reality the Hollywood elites have become. LA’s finest gathered at the Dolby theater to pat each other on the back and show off their impeccable taste. From political statements to…

Huobi Joins Multinational Alliance Klaytn Governance Council

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Huobi is the latest firm to join the Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance.  The council grows  According to an early morning press release, the move will bolster a roster of some of the world’s largest digital enterprises, including Binance, LG Electronics and Kakao, Klaytn’s parent company.    Commenting on the addition, Sangmin Seo of council-member Ground X said:  “We are excited for Huobi to work with other Council members to jointly run and govern the Klaytn platform,…

BitGo Launches Enterprise-Grade Bitcoin Custody in Switzerland and Germany 

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BitGo, a California-based digital assets financial services firm is expanding its global presence by launching two new cryptocurrency custodial platforms in Switzerland and Germany.  The new custodial companies are aimed at providing BitGo customers with more jurisdictions to choose from, depending on which is most suited for their business, according to a press release on February 10, 2020. BitGo Expands into Switzerland and Germany Per the press release, BitGo is expanding its global presence by launching two custodial entities in Switzerland and Germany. According to the team, BitGo GmbH, its…