Bitcoin as a Part-Time Investment – Blockchain News, Opinion, TV and Jobs

If there’s one thing that all of us can get behind these days, it’s a nice part-time work opportunity that can make us some extra cash. We live in a fast-paced world where things keep changing constantly, so not having to worry about having a bit more in the bank is more than welcome. Of course, there are plenty of different ways you can pick up some extra money nowadays, but one of the most popular ones currently is through the world’s most popular cryptocurrency – Bitcoin! If making Bitcoin…

Early Tesla investor Baillie Gifford invests $100M in Blockchain.com

Baillie Gifford, a 110 year-old asset management firm known for its early bets on firms like Tesla, has invested $100 million in major cryptocurrency wallet service Blockchain.com. Blockchain.com co-founder and CEO Peter Smith announced Wednesday that Baillie Gifford’s contribution to its $300 million funding round in March has become the largest single investment in the company so far. Smith stated that Baillie Gifford’s participation in the round marked “one of their first investments in a crypto company.” “It’s also a validation that a balanced and diversified retail/institutional business has incredible…

DMCC strikes deal to build blockchain-based precious metals refinery in Dubai

Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious metals refinery. According to a DMCC release on Wednesday, the precious metal refinery and storage facility will be the largest in the Gulf Cooperation Council and will reportedly be powered by blockchain technology. Located in the high brow Jumeirah Lake Towers area, the facility will refine and store precious metals like gold, silver, rhodium, palladium and platinum among…

Eftpos reveals plans to power Australian smart cities with blockchain tech

Australia’s leading point-of-sale technology provider Eftpos Australia has revealed ambitious plans to roll out blockchain-powered autonomous vehicles and smart cities in Australia built using Hedera’s Hashgraph. Speaking on Tuesday as part of the Australian Blockchain Week, Robert Allen, deputy chair of Blockchain Australia and Eftpos’ entrepreneur in residence, discussed the firm's intention to use distributed ledger technology for advanced infrastructure, among other applications: “We're going to be looking at smart cities. […] We're going to be looking at autonomous vehicles and things that we haven't even thought about yet. All…

Eftpos reveals plans to power Australian smart cities with blockchain tech

Australia’s leading point-of-sale technology provider Eftpos Australia has revealed ambitious plans to roll out blockchain-powered autonomous vehicles and smart cities in Australia built using Hedera’s Hashgraph. Speaking on Tuesday as part of the Australian Blockchain Week, Robert Allen, deputy chair of Blockchain Australia and Eftpos’ entrepreneur in residence, discussed the firm's intention to use distributed ledger technology for advanced infrastructure, among other applications: “We're going to be looking at smart cities. […] We're going to be looking at autonomous vehicles and things that we haven't even thought about yet. All…

Telecommunications Giant Deutsche Telekom Invests in Blockchain Payments Platform Celo

Deutsche Telekom, a German-based telecommunications company, has entered the crypto space by investing in Celo, a San Francisco-based blockchain payment platform that offers crypto on mobile phones.  The booming crypto space Deutsche Telekom, the largest telecommunications provider in Europe by revenue size, has also bought an undisclosed amount of the Celo digital token utilized on the platform.  Celo is used in more than 100 countries and permits users to send and receive money on their mobile phones in the form of tokens. Its standout tool is a feature that enables…

UAE employs blockchain tech for remote litigation services

The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency. The adoption of blockchain tech is expected to cut down on the time, effort and expenditure spent by the UAE’s Ministry of Justice in authenticating and verifying contracts and documentation, while building on the government’s plan to transfer half of its transactions onto the blockchain by the end of this year. The UAE’s deployment of blockchain technology forms part…

4 Common Cryptocurrency Scams | Blockchain News

Wherever there is a new financial product or industry trend, you can be sure that there are scammers out there waiting to try and take advantage. Cryptocurrency has exploded in recent years, and for this reason, you need to be really careful when you are involved in the industry and buying and selling crypto. There are a few common scams that you should be aware of. This will greatly reduce your chances of getting conned. This isn’t an exhaustive list, there are certainly more crypto scams out there than on…

UAE Rolls Out Blockchain-Powered Trade Finance Platform to Fight Fraud

The United Arab Emirates (UAE) has launched a blockchain-enabled trade finance platform dubbed UAE Trade Connect to curb economic crimes like money laundering, under-invoicing, and fraud. Revamping the trade finance space Telecom giant Etisalat has joined forces with a consortium of seven leading local banks like the First Abu Dhabi Bank (FAB) to roll out the blockchain-powered platform. More banks are expected to sign up. According to Zulqarnain Javaid, an Etisalat official: “UAE Trade Connect will be a game changer for the trade finance space.” The blockchain-based system…

CoinShares Launches Ripple ETP | Blockchain News

CoinShares, Europe’s largest digital asset manager with over $2.99 billion in assets under management, has released a Ripple ETP. The CoinShares Physical XRP (XRPL) was unveiled by the digital asset management firm and will trade on the SIX Swiss SIX Exchange. Its total expense ratio will be 1.50, and each unit of the Ripple ETP will be backed with 40 XRP. The Ripple ETP released by the firm will replicate the movement of XRP on the crypto market. Currently, XRP has dropped by a near 3% on the crypto market,…