Coinbase Opens DAI Stablecoin Trading to Retail Customers

Crypto exchange Coinbase will now let its retail customers buy or trade the DAI stablecoin, so long as they don’t live in New York. The exchange announced Thursday that it was adding DAI on its website, as well as its Android and iOS apps, letting customers buy, sell, convert, trade or store the stablecoin. Customers in every jurisdiction – except New York initially – can now access the cryptocurrency, which runs on top of the ethereum blockchain. Although Coinbase did not explain why the token is not yet available in New…

Coinbase Opens Up XRP Trading for New York Residents

Cryptocurrency exchange Coinbase has launched trading support for XRP for New York state residents. The San Francisco-based firm tweeted the news Monday, saying that New Yorkers can now buy, sell, convert, send, receive or store XRP on Coinbase.com or via its iOS and Android mobile apps. After the announcement, the price of XRP jumped over 20 percent to reach a high of $0.39 following the announcement, according to data from CoinMarketCap. However, the surge also coincides with bullish moves from bitcoin in the last 24 hours. Coinbase initially added XRP…

Nordic Banking Giant Nordea Opens Blockchain Trading Platform to More Clients

Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs),  according to a press release on May 9. The platform will purportedly help address trust deficits extant in current cross-border trades made by SMEs. Patrik Zekkar, Global Head of Trade Finance and Working Capital Management at Nordea, explained: “Almost 60 percent of the SME’s said that they have to make advance payments so there is obviously a sense of insecurity surrounding cross-border trade. This is unfortunate, not…

Turkish University Opens Blockchain Center at Boston’s Northeastern University

Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston’s Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7. Apart from informational support, the BAU–NEU Blockchain Laboratory’s objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey’s presence in the blockchain market and attract specialists in the field. Commenting on the cooperation, Chair of the BAU Board of Trustees Enver Yücel said that he would also like to start blockchain-related master and doctoral education…

China’s First Blockchain-Enabled Notary Opens Office in Beijing

China’s first blockchain-enabled notary has opened offices in Beijing, local media People reported on April 19. Per the report, the service opened last Friday at the Beijing CITIC Notary Office. The head of the office reportedly stated that the development marks the beginning of the blockchain notary service era. During the launch event, the director of the Beijing CITIC Notary Office Wang Mingliang noted that he believes that blockchain-based notarization has both the value of notarization and legal significance of blockchain certification. Hu Jiyu, a professor at the School of…

E-Commerce Giant Rakuten Opens Its New Crypto Exchange to Customers

Japan’s equivalent to Amazon, e-commerce giant Rakuten, has started accepting account registrations for its new cryptocurrency exchange, Rakuten Wallet. For now, only customers who have an account at Rakuten Bank or who already have a Rakuten member ID can sign up in preparation for the launch of trading, the firm’s website indicates. It’s not yet clear when it will accept applications from the wider public. The firm said in an announcement it has also rolled out an automatic support service using AI (artificial intelligence) technology to answer customer inquiries. It’s also planning…

Turing Award Winner and MIT Cryptographer, Dr. Silvio Micali, Publicly Opens TestNet at VC-backed Algorand Blockchain

Open-source software and blockchain technology company Algorand has opened it’s TestNet to the public at large. Backed by an initial $66 million in invested capital from a distributed group of global investors, the Algorand protocol was designed by MIT professor, cryptography pioneer, and winner of the prestigious Turing Award, Silvio Micali. Algorand offers several resources for businesses and developers who want to get up and running on the TestNet platform: advertisement Visit the Algorand developer site at developer.algorand.org to get started and access official documentation Participate in the public TestNet by installing…

ICO opens Sandbox beta phase to enhance data protection and support innovation

The Information Commissioner’s Office (ICO) has opened the beta phase of its Sandbox, a new service designed to support organisations using personal data to develop products and services that are innovative and have demonstrable public benefit. The beta phase of the Sandbox, which is now open to applications, will enable participants to work through how they use personal data in their projects with the ICO’s specialist staff to help ensure they comply with data protection rules. The Sandbox will also provide some comfort from enforcement action and, where feasible, increased…

Blockchain-based Entertainment Platform ‘Blue Baikal’ opens Pre-Registration Event Connecting Producers, Influencers and Consumers

Blue Baikal, a community service for global users who enjoy entertainment, opened-up eir pre-registration event, in which registrants can join the community, recommend a friend, and become ambassadors. Blue Baikal is a Blockchain based entertainment content platform that connects content producers, influencers, and consumers. The company pursues a system in which entertainment businesses can grow, profits can be maximized, and fair profit sharing with the participants is promoted. advertisement With three different formats, social media, digital content store and crowdfunding, Blue Baikal offers a platform in which users can promote,…

Global IT Firm Cisco Systems Opens Tech Development Center in Singapore

International tech and IT firm Cisco Systems has opened a Co-Innovate Center in Singapore, the Bangkok Post reports on Feb. 25. Cisco CTO Dave Ward reportedly said that the new center — there are 14 worldwide — will help stimulate the development of new technology in the region. The branch in Singapore will purportedly concentrate on cybersecurity, the Internet of Things (IoT) and blockchain technology. The IT firm will reportedly offer various prototypes and display potential applications of new technology in different commercial contexts, as well as in public administration…