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Tag: blockchain

Crypto News 

Ordinary Stablecoin or XRP Killer? What We Know About JPMorgan Chase’s New Cryptocurrency

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“On Feb. 14, United States banking behemoth JPMorgan Chase announced its own cryptocurrency” writes Stephen O’neal for cointelegraph.com. Clients will reportedly be issued the coins after depositing dollars at JPMorgan Chase.It is fair to say that move comes unexpectedly for JPMorgan Chase, whose CEO, Jamie Dimon, is famous within the crypto community for his anti-Bitcoin (BTC) remarks. Source: cointelegraph.com

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Crypto News 

Netpay to Integrate Blockchain, Report

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“According to the report, Netpay aims to migrate to using blockchain technology in order to reduce its operating costs” reports mybitcoinnews.co. Major international payment solutions company Netpay has reportedly partnered up with an Israeli-based firm to integrate blockchain-based technology in its services.It runs on blockchain technology but it takes advantage of existing institutional remittance infrastructure amid banks such as the networks of SWIFT and SEPA to maintain KYC/AML requirements.Netpay, an international payment processing company, has partnered up with BNC LedgerTech to provide blockchain-based services to its broad user base, according…

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Moscow Blockchain Cluster Needs Intellectual Property Mechanism, Says Expert

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“The Moscow-based blockchain innovation cluster needs a mechanism for assessing intellectual property, says the founder of blockchain platform Universa.io, Aleksandr Borodich” writes Ana Alexandre for cointelegraph.com. The plans to launch a blockchain-based city innovation cluster by summer 2019 were initially announced by the Moscow municipal government earlier in February. Starting this year, the Russian Federal Service for Supervision in the Sphere of Education and Science, (Rosobrnadzor) will also implement blockchain technology in the country’s main graduation examination.Speaking at the Russian Investment Forum in Sochi, Borodich reportedly stated: Earlier this week,…

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NEO Blockchain Platform Opens Seattle Office Headed by Ex-Microsoft Exec

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“Chinese blockchain platform NEO will open an office in United States city of Seattle, according to an official announcement shared with Cointelegraph on Feb. 15” writes Aaron Wood for cointelegraph.com. The NEO Global Development (NGD) Seattle office will open and begin recruitment this month, purportedly allowing the company to expand into the U.S. market.The new office will be headed by ex-Microsoft executive John deVadoss. NEO is currently developing NEO 3.0, an upgrade to its blockchain that will “bring faster transaction speeds, greater stability and expanded application programming interfaces for smart…

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Crypto News 

Apple Notes Blockchain Guidelines in Recent SEC Filing

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“Per the recent filing, Apple participates in the development of blockchain guidelines for the RMI, which are designed to determine a set of principles, concepts and terms for the deployment of blockchain in mineral supply chain due diligence” writes Ana Alexandre for cointelegraph.com. The solution targets the inefficiencies of the global market, including excessive paperwork, manual data processing and lack of transparency between supply chain parties.Last month, IBM partnered with MineHub Technologies to develop blockchain solution to improve supply chain management in the mining and metals industry. Source: cointelegraph.com

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Crypto Markets News 

Report: Global Blockchain in Energy Utilities Market to Grow 60% by 2024

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“The global blockchain in energy utilities market is expected to grow by 60 percent by 2024, according to a new report from Infoholic Research LLP published on Feb. 15” writes Ana Alexandre for cointelegraph.com. Per the report, the global blockchain in energy utilities market was assessed to be $210.4 million in 2018, and is expected to reach $3.4 billion by 2024.To prepare the report, Infoholic Research reportedly analyzed the deployment of blockchain in the energy utilities market on a global scale by components, services, application, and regions.Infoholic Research thus predicts…

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Crypto News 

JPMorgan Issues a Cryptocurrency—Here’s Everything You Need to Know

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“JPMorgan Chase CEO Jamie Dimon is widely known as a critic of Bitcoin” writes Sissi Cao for observer.com. On Thursday, JPMorgan said it would introduce a blockchain-based token called “JPM Coin,” which would allow clients to make “instantaneous” money transfers and significantly lower the cost and risk of transactions thanks to the token’s underlying tamper-proof blockchain system.The bank said it was still in its prototype phase and would only be available to a small number of institutional clients at first. Source: observer.com

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Crypto News 

Luxembourg Turns Blockchain Framework Bill into Law

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“Luxembourg parliament passed a blockchain bill into law to facilitate the use of blockchain technology in the financial services” writes Arnab Shome for financemagnates.com. The bill 7363 was passed with a massive approval as only 2 out of 60 lawmakers voted against the bill.According to the February 14th official announcement, the new law will provide transparency to the financial market participants and assure legal certainty for the circulation of securities using the blockchain technology. “The transfer of securities via the blockchain does not yet have legal certainty.The new legal framework…

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Crypto News 

Liechtenstein’s Postal Service to Offer Crypto Exchange Services at Physical Locations

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“The press releases states that crypto exchange services are nothing different from conventional money exchange businesses” writes Ana Berman for cointelegraph.com. Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14.The postal service will allow customers to exchange their fiat to Bitcoin (BTC) in one of its offices in Vaduz, the country’s capital, starting on Feb. 15.To introduce the service, Liechtenstein’s post has partnered with Värdex Suisse AG — a Swiss-based financially regulated…

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Crypto News 

Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

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“United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15” writes William Suberg for cointelegraph.com. Argo, which is headquartered in London with facilities in Quebec, said it would terminate its Mining-as-a-Service (MaaS) operations by April, focusing solely on direct mining.MaaS operators facilitate cryptocurrency mining on borrowed hardware remotely.Explaining its decision, Argo said the ongoing suppression of Bitcoin (BTC) prices and associated reduced profitability of mining had caused it to slim down…

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