Mediterranean Olive Oil Producer Uses IBM Blockchain to Fight Food Fraud

CHO, one of the largest olive oil producers in the southern Mediterranean, announced on Jan. 14 that it is using IBM’s blockchain technology to provide traceability for its Terra Delyssa extra virgin olive oil. The company is the latest major food provider to join IBM’S Food Trust Network. Utilizing blockchain allows CHO to track Terra Delyssa across eight quality assurance checkpoints, including the orchard where the olives were grown, the mill where olives were crushed, and the facilities where the oil was filtered, bottled and distributed. Vice president of IBM…

Blockchain-Based IBM Sterling Adds Advanced Supply Chain Tracking Features

The IBM Sterling supply chain platform will now feature additional integrations developed by Salesforce, Publicis Sapient, IBM Services and others, a Jan. 13 press release reads. The additions will allow the blockchain and AI-based suite to quickly solve returns and cross-channel logistics challenges. IBM Services and Bluewolf are jointly developing a connector service to join IBM Sterling with Salesforce Commerce, Service and Marketing Clouds. The integration would help retailers to blend the offline and online shopping experience.  The platform’s aim is to reduce shopping frictions through a better organization for…

Indian Supreme Court Delays Hearing on Crypto Ban, Expects Slew of Comments

The Supreme Court of India has chosen to delay its full hearing of a high-profile case against the Reserve Bank of India’s (RBI) ban on banks’ dealings with crypto-related businesses. In an interview with Cointelegraph on Jan. 14, Kashif Raza — co-founder of the Indian crypto regulatory news and analysis platform Crypto Kanoon — recapped what is at stake in the case and argued that news of the delay need not dishearten the local crypto community.  Constitutional contentions As previously reported, Indian crypto exchanges and other industry firms have faced…

CME Bitcoin Options Trade $2.3M in Debut, BTC Price Hits 2-Month High

Bitcoin (BTC) futures options from CME Group saw volumes in excess of $2.3 million on the product’s first day of public trading, the company has confirmed.  Data from CME’s official website confirmed the successful rollout on Jan. 13, which began as scheduled and ultimately saw 55 contracts change hands.  Investors lap up BTC options products Each contract corresponds to 5 BTC, meaning that at current prices, the 55 contracts were worth $2.34 million.  Bitcoin markets rallied on release day, rising by more than 5% to hit highs of $8,550. Those…

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K

Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,536 over the past week.  Cryptocurrency market weekly overview. Source: Coin360 For the second time in a week, the price rose above the oft-referenced descending channel trendline which has served as a long term resistance for the last 7 months. While there are some traders who will have bought the breakout above…

Booking.com-Partnered Travala Now Accepts Tether’s Controversial USDT

Crypto-friendly hotel booking giant Travala now accepts payment from a controversial cryptocurrency leader.    On Jan. 10, Travala announced that Tether (USDT) is now a valid form of payment at its two million linked properties. Travala CEO Matt Luczynski said: “Part of our mission is to provide our users with a wide choice of the most well known and used cryptocurrencies so it made perfect sense for us to integrate USDT as a payment option on Travala.com.” In addition to Tether, Travala also accepts payments of Bitcoin, Ethereum, XRP, Litecoin, Binance…

Asset Manager WisdomTree Hopes to Launch a Stablecoin in the US

Asset manager WisdomTree intends to launch a regulated stablecoin in the United States, financial news outlet FNLondon reported on Jan. 13. Per the report, WisdomTree is looking to deploy a digital currency backed to a basket of assets such as gold, fiat currencies or government debt. The firm also intends to obtain approval by the U.S. Securities and Exchange Commission (SEC) for its project. The news follows a recent announcement that WisdomTree invested in a startup called Securrency Inc., one of the top institutional-grade blockchain builders in the financial and…

Telegram Hit By New SEC Evidence Showing Token Trading After ICO

The SEC has produced new evidence in its case against Telegram, which shows that the company was engaged in trading Gram tokens several months after its initial coin offering (ICO). Messaging app Telegram has been embroiled in a lawsuit with the US Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of Gram tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently refuted these claims and published a statement last week to address…

Top Execs Moving From Traditional to Crypto Jobs in 2019

Prominent figures from a range of long-established companies found greener pastures in the blockchain realm in 2019. From BlackRock to Goldman Sachs, and from HSBC to the SEC, traditional industries saw some of their top personnel leave for new prospects in cryptocurrency over the past year.  Early 2019 Frigid winter conditions in the crypto market failed to dissuade career moves into the industry. Despite the bearish market conditions of early 2019, many saw fit to join the blockchain movement and leave their familiar jobs behind. Tron hired David Labhart as…

Telegram Will Release Bank Records to SEC in Ongoing Gram ICO Case

Telegram will release bank records that the United States Securities Exchange Commission believes will prove misconduct in the latter’s $1.7 billion offering of Gram tokens.  International privacy laws and the new information Per a Jan. 13 filing with the court of the Southern District of New York (SDNY), Telegram will have until Feb. 26 to provide the court with the bank records that the court denied the SEC in an earlier ruling that was based on privacy concerns.  Today’s ruling will allow Telegram to redact the information provided to the…