May 19, 2020

California Giant Berry Farms Joins IBM Food Trust Blockchain Tracking System

May 19, 2020 boss

U.S. berry producer California Giant Berry Farms joined the blockchain-based food tracking solution IBM Food Trust. Fruit and vegetable news outlet The Packer reported on May 17 that California Giant will use a blockchain to share data between all the points of its supply chain. The firm employs Glassbit’s Glasschain IBM Food Trust integration compliance as a service solution. According to California Giant’s senior director of operations Thomas Taggart, the integration with IBM’s blockchain network will allow the firm and its partners to find ways to improve the efficiency of…

Japanese Exchanges React to Revised Crypto Laws Now in Effect

May 19, 2020 boss

Japanese cryptocurrency exchange bitbank has begun implementing changes to make it compliant with the country’s revised Payment Services Act (PSA), effective May 1. Atsushi Kuwabara from bitbank spoke to Cointelegraph on how local exchanges and regulatory bodies would be responding to modifications of cryptocurrency-related laws first proposed by the Japanese House of Representatives in 2019. Crypto by any other name Under the modifications to the PSA, all references to “virtual currency” must be replaced with the term “crypto asset”. Cointelegraph has reported that the country’s self-regulatory group, the Japan Virtual…

These 4 Trends Suggest Bitcoin’s Bull Trend Is Exhausted After Rally to $10k

May 19, 2020 boss

Just two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included. But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170% higher than the March capitulation lows. It’s a stunning reversal that has analysts anticipating more upside. But according to a leading trader, there are four clear market trends indicating that for the time being, Bitcoin will see a “dip,”…

China’s WeBank Makes its First Move to Take its Blockchain Global, Partnering with Singapore’s OpenNodes

May 19, 2020 boss

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018. The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain…