Tag: category-/Finance/Investing/Currencies & Foreign Exchange

HSBC to shift $20 billion worth of assets to blockchain-based Digital Vault

(Reuters) — HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyped but still unproven technology by a global bank. The platform, known as Digital Vault, will give investors real-time access to records of securities bought on private […]

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Ubisoft helps Ultra validate transactions on its blockchain for gamers

Ultra is one of a number of companies that believes blockchain and cryptocurrency can make the distribution of games more efficient and gamers more loyal. And today, the Paris company is announcing that French video game giant Ubisoft will help validate transactions on its blockchain for gamers. Blockchain is a distributed ledger for transparent and […]

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Indeed: Share of cryptocurrency jobs grew 1,457% in 4 years

The cryptocurrency startup gold rush has produced a lot of jobs, with the share of cryptocurrency jobs per million rising 1,457% over the past four years, according a study by job site Indeed.com. Despite drastic price fluctuations (Bitcoin’s value shot up more than 230% in the first six months of 2019 to above $12,000 per […]

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Tune.fm taps Hedera Hashgraph for novel use of cryptocurrency in fast music micropayments

Tune.fm has tapped cryptocurrency startup Hedera Hashgraph to enable fast payments for artists. Pretty soon, you’ll be able to use the Hedera-based cryptocurrency to pay for songs from Beyoncé, Solange, Chaka Khan, and Le’Andria Johnson. The application is an important step for Hedera, a new decentralized ledger that combines peer-based security and transparency with transactional […]

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Microsoft bolsters Azure Blockchain with managed tokenization service and updates

Microsoft added a smattering of updates to its blockchain offerings at Ignite 2019 as it works on “democratizing complex technologies and empowering anyone with an idea to build software,” according to its release materials. The announcements include new Azure Blockchain Service features and the preview of Azure Blockchain Tokens. In May, Microsoft planted a big […]

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Europe has slight lead over U.S. in emerging blockchain digital securities market

As Blockchain technology and tokenization transform global financial markets, the companies driving this disruption are scattered around the globe, according to a new study. While new innovative clusters in recent decades have tended to be concentrated in places like Silicon Valley, Europe has established an early lead over the U.S. in the field of blockchain […]

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Opera adds Bitcoin support to its Android crypto wallet

Opera has officially added Bitcoin support to its Android browser app, nearly a year after it first introduced a built-in crypto wallet. This means that Opera users can carry out Bitcoin transactions directly in the browser without requiring any extensions or following any other complex processes. The Norwegian company first teased a crypto wallet for […]

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Libra is down but not out after defections

PayPal’s decision to leave the Libra Association last week raised a few eyebrows around the world, in part because the architect of this new digital currency, David Marcus, used to run the global payments giant before joining Facebook. But while the sudden departure of such a key founding company might well have turned a few […]

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MouseBelt accelerator launches Blockchain Education Alliance

MouseBelt has launched a blockchain startup accelerator and a Blockchain Education Alliance aimed at creating a workforce ready to take jobs in the blockchain economy. The move is a recognition that there is a shortage of blockchain-savvy technical talent and that many students today don’t understand the technology. The alliance’s first members include Stellar Development […]

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KPMG: Consumers are embracing making purchases with blockchain tokens

Consumers of all age groups are increasingly willing to buy things with tokens, according to a blockchain survey by KPMG. That bodes well for cryptocurrency tokens based on blockchain, the transparent and secure decentralized ledger technology. Many investors and entrepreneurs in the industry hope tokens will transform commerce. The findings highlight the strategic business value […]

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Playfull raises $2 million to bankroll rewards for playing League of Legends

Playfull has raised $2 million to build out a platform that rewards gamers for playing League of Legends and other popular esports games. Based in Los Angeles, the company tracks player gaming performance across several popular esports games and delivers gamers personalized rewards for meaningful achievements and wins. It’s another step toward what I call […]

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HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1

HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage. The relationship is mutually beneficial. HTC hopes to differentiate its smartphone by making it simple for people to use the phone for cryptocurrency trading. And HTC could drive more traffic to Bitcoin.com, adding to the more than […]

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Wake up, US Federal Reserve! China just showed how digital currency is done

Recently, China’s central bank — People’s Bank of China (PBOC) — surprised the business and crypto world with its plan to launch a central bank-backed digital currency (CBDC). The news came after the announcement of Facebook’s Libra, creating a perception that China is playing catch-up. But China has put more than five years into researching […]

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France seeks Facebook Libra cryptocurrency ban in Europe

France’s economic minister declared that the French government intends to block the development of Facebook’s Libra cryptocurrency in Europe because of the systematic threats it poses to financial security and stability. During remarks at an OECD conference dedicated to cryptocurrencies, France’s Bruno Le Maire said that risks are simply too great and trust in Facebook […]

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MIT CSAIL’s Notary is an architecture for running apps on secure USB hardware

Ever heard of a hardware wallet? It’s a type of blockchain device that stores a user’s private keys in a locked-down microchip, often to stash cryptocurrencies like bitcoin from exchanges. The wallets are plug-and-play, physically durable, and highly reconfigurable, which is why researchers believe they could help usher in a more secure digital future if […]

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Chainlink cryptocurrency trading shows signs of pump-and-dump scam

The trading pattern of Chainlink’s Link cryptocurrency suggests a suspicious “pump-and-dump” scam, or an attempt to manipulate the price of the cryptocurrency token, according to an analytics company. The unusual market pattern was discovered by the team at AnChain.ai, a blockchain transaction analytics company. And it is significant because Chainlink’s token has a market value […]

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Amazon Quantum Ledger Database (QLDB) hits general availability

Months ago, Amazon Managed Blockchain (AMB) hit general availability, and at the time, Amazon was able to pair it with Amazon Quantum Ledger Database (QLDB). Now the latter is widely available as well, in multiple regions of the United States — U.S. East (Ohio and Northern Virginia) and U.S. West (Oregon) — and in Asia […]

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Blockchain startup Dapp.com raises $1 million for decentralized app distribution

Blockchain startup Dapp.com, which describes itself as the world’s largest analytics and distribution platform for dapps (decentralized apps), has raised $1 million in funding from several investors. Hashed led the round, with participation from Du Capital and others. Dapp.com handles analytics and distribution for over 2,900 decentralized apps, which make use of the blockchain, or […]

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The teenager who made millions on Bitcoin is staking it all on this obscure token

Erik Finman was 12 years old when he bought $1,000 worth of Bitcoin in the summer of 2011. The world’s first digital currency was just two years old and trading for $10, a time when most folks, if they knew about Bitcoin at all, associated it with the dark web drug trade or its fringe […]

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Planet Nine launches alternative to in-game advertising and digital currencies

Planet Nine is launching a Ethereum-based alternative for monetizing games that emphasizes rewards for gamers, rather than microtransactions, in-app purchases, or advertising. The Portland, Oregon-based company wants to create a new digital economy with its “fungilbe and non-fungible tokens as a way to make publishers and game developers more profitable. Planet Nine said it combines […]

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IBM-Unilever blockchain pilot cuts wasteful ad spend

A year-long pilot that uses blockchain to improve online advertising efficiency has yielded promising initial results, according to IBM CMO Michelle Peluso. The project has already reduced pennies on the dollar of waste in the area of ad reconciliation and brought greater transparency to the complex gauntlet of intermediaries brand advertisers have to deal with, […]

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CipherTrace: Cryptocurrency thefts, scams, and fraud could hit $4.3 billion in 2019

Cryptocurrency thefts, scams, and fraud could hit $4.3 billion in 2019, according to a report by cryptocurrency intelligence firm CipherTrace, which previously reported Q1 fraud at about $1.2 billion. CipherTrace has now released its Q2 2019 Cryptocurrency Anti-Money Laundering (AML) Report, the latest comprehensive overview of major cryptocurrency thefts, scams, and fraud around the world. […]

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Lawmakers circle the airport while crypto innovators move offshore

My sympathies go out to Jeremy Allaire. He was recently asked to testify before the Senate Banking Committee as committee members discussed the future of cryptocurrency regulations. He shared the spotlight during the July 30 hearings with Rebecca Nelson, a trade and finance specialist, who offered lawmakers a 10-year overview of cryptocurrencies, and Mehrsa Baradaran, a banking […]

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