Litecoin Foundation and Beam Partner to Explore New Protocol, LTC Price Soars 30%

The Litecoin (LTC) Foundation has partnered with software development firm Beam to explore the implementation of a new protocol that would improve privacy and scalability. The news was reported in a Beam Medium blog post Feb. 7. The new protocol, dubbed “Mimblewimble” — a fictional tongue-tying curse from the popular Harry Potter novels — is reportedly being tested for use in conjunction with the scalability solution “Extension Blocks.” The Beam blog post states: “We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular…

Binance Wants to Add Ripple’s xRapid as a Partner in Future, CZ Reveals

The world’s largest crypto exchange Binance is considering a partnership with Ripple to use its cross-border payment platform xRapid, the company’s CEO Changpeng Zhao revealed in a Periscope live stream on Feb. 6. Speaking in his first live stream ever, Zhao — better known as CZ in the crypto community — provided a clear message that Binance is “definitely” looking to partner with Ripple, whose native currency XRP is currently the largest altcoin by market cap. However, CZ also claimed that xRapid is not a priority for the crypto exchange…

Bitfury and Commons Foundation Partner to Launch Bitcoin (BTC) Mining Operations in Paraguay

Back in late November, Ethereum World News notified its readers of plans by the Commons Foundation to build the largest Bitcoin (BTC) mining farm in the world. Known as ‘the Golden Goose’ initiative, the project is meant to expand cryptocurrency and blockchain innovation in Spanish-speaking countries with its first project in Paraguay. Paraguay guaranteed a 15 year stable electricity price for the mining operations. The contract signed also provided approximately 50,000 square meters for five mining centers near Itaipu Hydroelectric Power Plant, the world’s second largest clean energy plant after…

AI Devs Behind Robot Sophia Partner with Blockchain Agricultural Data Firm

Decentralized Artificial Intelligence (AI) firm SingularityNET has announced a partnership with agriculture-focused blockchain startup Hara at the World Web Forum, according to a press release shared with Cointelegraph Jan. 21. Hara’s objective is reportedly to use blockchain to provide Indonesian farmers with useful data like grain price, soil quality and land ownership details. The newly announced partnership between the two firms aims to use this data to offer AI-powered crop diagnosis and data analytics to the ecosystem, according to the press release. As the press release notes, a main goal…

Ford, IBM, LG Partner to Track Your Smartphone & Car Batteries on a Blockchain

Car charger image from Shutterstock South Korean battery maker LG Chem, tech giant IBM, auto manufacturer Ford Motor and others have partnered in a blockchain project aimed at infusing transparency in the global mineral supply chain, impacting batteries used in smartphones and electric vehiceles. Specifically, the project will track cobalt mined in the Democratic Republic Congo. Cobalt is used in lithium-ion batteries and its demand and price has skyrocketed with the growth of electric vehicle and mobile device sectors. It is estimated that DR Congo produces around two-thirds of the…

Huobi Global’s US-Based Strategic Partner Crypto Exchange HBUS Rebrands as Huobi

HBUS, the United States-based strategic partner of China-born crypto exchange Huobi, has announced the rebranding of its retail trading service from HBUS.com to Huobi.com. THe rebranding was shared in a press release with Cointelegraph on Jan. 11. As reported, HBUS launched as a strategic partner of Huobi Group — the operator of the flagship Huobi Global crypto exchange — via a newly created San Francisco-based company “HBUS Holdco, Inc.” last June. The latter will reportedly continue to operate the platform after its rebranding. Under the new licensing agreement, HBUS.com will…

Buy Bitcoin (BTC), But Diversify Into Crypto Assets Too: Pantera Capital Partner

“Now’s A Great Time To Invest Into Bitcoin (BTC)” As the year comes to a head, a number of crypto traders and investors have sought to figure out what lies in wait for Bitcoin (BTC) in 2019. Paul Veradittakit, a partner at the San Francisco-based Pantera Capital, has told CoinTelegraph that now’s an optimal time to buy into Bitcoin (BTC). In a recent Youtube interview with CoinTelegraph, Veradittakit, a prominent venture capitalist and advisor to Blockfolio and Icon, has claimed that from a short to medium-term outlook, it would be logical to…

Visa to Purchase Ripple Cross-Border Payments Partner Earthport

American payment services giant Visa Inc. is acquiring Ripple partner Earthport Plc, a payment network for cross-border transactions, Reuters U.K. reported Dec. 27. Founded in 1997, London-based Earthport is a financial services firm that offers cross-border payments service to banks and financial institutions. Earthport is a partner of tech company Ripple, where the partnership is aimed at integrating the Ripple protocol into the firm’s existing payment network to improve international transactions. Per Reuters, the acquisition will be made for £198 million ($251 million), or 30 pence ($0.38) per each Earthport…

The Daily: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin

In today’s edition of The Daily we feature the latest sports sponsorship by the cryptocurrency community. We also cover stories about new statistics on bitcoin usage in Israel, mining malware growth during 2018, and another bank blockchain patent. Also Read: Investment Robo-Adviser Wealthfront Adds Support for Coinbase UFC 232 to Have Official Cryptocurrency Partner The Litecoin Foundation has announced that it will be the Official Cryptocurrency Partner of UFC 232: Jones vs. Gustafsson 2, which will take place this Saturday, Dec. 29. The Ultimate Fighting Championship event will feature a rematch…

Litecoin Becomes Official Cryptocurrency Partner Of UFC Fight

Litecoin will be the Official Cryptocurrency Partner of Ultimate Fighting Championship or UFC 232, according to a blog post by the Litecoin Foundation. The partnership is part of its efforts to expand the adoption of digital currencies, it said. The Foundation will sponsor the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson this Saturday evening in California. As part of the partnership, the logo of the digital asset will be displayed around the Octagon, exposing the currency to millions of viewers around the world. Litecoin Foundation said,…