Bakkt’s ‘Moonshot’ Bitcoin Platform to Begin Testing Today

Bakkt’s long-delayed bitcoin futures platform is scheduled to begin testing today.  The trading platform, aimed squarely at institutions, is widely expected to be a game-changer and a major catalyst for the bitcoin price. As Fundstrat concluded last week, investors are eagerly waiting on the sidelines: “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch… The launch could be a huge accelerator for market growth.” Bakkt’s Bitcoin Moonshot Bank-rolled by the Intercontinental Exchange (ICE) – the parent company of…

Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

Bitcoin Cash (BCH) platform and protocol development have seen a lot of delivered code and projects over the last two years. The upgrades will help Bitcoin Cash scale to the masses, and many of the added features are protocol developments that are unique to BCH. Also read: Indian Government Breaks Silence on Crypto Regulation BCH Infrastructure and Blockchain Development In less than two weeks, BCH fans around the world will be celebrating the anniversary of the blockchain split that occurred on August 1, 2017. Since then there’s been a lot…

Japan Developing SWIFT Type Crypto Payment Platform

The Japanese government has started developing a crypto payments platform similar to SWIFT according to reports. The effort has come as part of a wider spread initiative to combat money laundering. SWIFT Not So Swift According to Reuters, citing ‘a person familiar with the plan’, the international network for crypto currency payments will rival SWIFT which is the current standard. The existing service links over 11,000 financial institutions in more than 200 countries and territories worldwide. However, in today’s modern times, the Belgian head-quartered financial transfer protocol is often considered…

‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board

A DAG blockchain platform that can operate as the IT infrastructure for smart cities has announced a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum — paving the way for an operational presence in Dubai. The Fantom Foundation says its protocol is designed to operate as the information technology infrastructure for smart cities that will make the lives of people living in urban areas easier — enhancing everything from health care and education to traffic management and environmental sustainability. Recently, the Unites Arab Emirates unveiled its “Smart…

IOST Partners With East European Largest Crowfunding Platform Boomstarter

IOST Foundation said they are proud to be an enabler of business opportunities for motivated entrepreneurs through this partnership with Boomstarter and are excited to play the part in helping Russian entrepreneurs fulfill their aspirations. The IOST Foundation announced they finally completed integration with Boomstarter, a crowdfunding platform that has successfully raised over $7.5 million for approx. 2,000 projects from close to 190,000 backers for creators, makers and developers in Eastern Europe. Boomstarter.Network has been operating in crowdfunding space since 2012. The fintech company now aims to use cryptocurrencies and…

ENCRY: The First Blockchain Platform for Telecom

ENCRY is preparing to launch public testing of their telecom-oriented blockchain. Telecommunications is a fast-growing industry that has always been at the forefront of new technologies. One of these technologies, that can significantly improve the reliability in the telecom industry, can be the distributed registry technology — blockchain. From dealing with fraud to quickly resolving disputes over roaming agreements, verification of billing and a more secure process of user identification – the new technology can be applied to a wide range of services used by telecom companies. But in order…

EY Spearheads Blockchain Tracking Platform for German Logistics Firms

German logistics firms partner to jointly create a blockchain tracking platform, local news outlet Tiroler Tageszeitung reports on July 16. Per the report, logistics firms LKW Walter, GS1 Austria, and its EDITEL Austria subsidiary, Bundesvereinigung Logistik Österreich, Deutsche Bahn subsidiary DB Schenker, and WU Vienna are participating in the project. Furthermore, big four auditing firm Ernst & Young (EY) is managing the initiative. The system will reportedly see freight documents being digitized on the blockchain with the aim of reducing costs and resource consumption while ensuring higher transparency standards, and…

Brazilian State Launches Blockchain Platform for Government Contract Bids

In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12. The blockchain-based solution, called Online Bid Solution (SOL) was reportedly developed by Cayenne Technology and Design. Bids will reportedly be completely transparent and secure due with the application of blockchain tech. According to Bahia government, the intended beneficiaries of SOL appear to be the Brazilian agriculture industry. The solution is designed to help connect agriculture organizations in Bahia with…

Bitcoin Exchange Hack: $32 Million Stolen from Japanese Platform Bitpoint

The Japanese bitcoin exchange Bitpoint is the latest platform to fall victim to hackers, losing $32 million in cryptocurrencies according to a report by Remixpoint Inc., its parent company. Bitpoint joins other Japan-based exchanges, including Zaif and Coincheck to suffer losses due to cyberattacks. The platform could also face regulatory heat given the nature of the attack and the previous warnings regarding its operations. Hot Wallet Compromised in Bitcoin Exchange Hack Remixpoint released a statement on its website on July 12, 2019, announcing the hack. According to the post, the…

Bitcoin Payments Platform Foldapp Adds Lightning Support 

Foldapp, a platform that enables users to spend their bitcoin (BTC) at various retail stores in the United States, including Starbucks, has added support for the Lightning Network, Bitcoin’s Layer-two scaling solution. With this, it is now to possible for users to pay with bitcoin in a super fast and cheap way, according to a blog post on July 10, 2019.  Fold Integrates Lightning  With the integration of Lightning, Fold says all users of its platform can now spend their satoshis instantly, with nearly zero fees at various retailers including…