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Retirement contribution limits will rise in 2019

 

Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.

Market Close Report: NASDAQ Composite index closes at 7,136.39 down -64.49 points

 

Wednesday s session closes with the NASDAQ Composite Index at 7 136 39 The total shares traded for the NASDAQ was over 2 43 billion Declining stocks led advancers by 1 91 to 1 ratio There were 1082 advancers and 2065 decliners for the day On the NASDAQ Stock Exchange 4 stocks reached a 52

Health Care Sector Update for 11/14/2018: PHAS,PETQ,LOGC,CGC,WEED.TO

 

Top Health Care StocksTop Health Care Stocks JNJ 0 17 JNJ 0 17 PFE 1 23 PFE 1 23 ABT 0 03 ABT 0 03 MRK 0 67 MRK 0 67 AMGN 0 19 AMGN 0 19 Health care stocks retreated today including a nearly 0 5 decline for the NYSE Health Care Index in recent trade Also shares of health

Health Care Sector Update for 11/14/2018: PETQ,LOGC,CGC

 

Top Health Care StocksTop Health Care Stocks JNJ 0 27 JNJ 0 27 PFE 1 34 PFE 1 34 ABT 0 10 ABT 0 10 MRK 1 03 MRK 1 03 AMGN 0 34 AMGN 0 34 Health care stocks were retreating including a more than 0 5 decline for the NYSE Health Care Index in recent trade Also shares of health

CPI In-Line at 0.3%, Plus Macy???s & Canada Goose Beat

 

Wednesday November 14 2018 New Consumer Price Index CPI numbers were just released this morning following the Producer Price Index PPI that hit the tape last week These metrics track economic inflation in the U S based on how companies are pricing their offerings compared with

Stock Market News For Nov 14, 2018

 

Wall Street ended mostly lower on Tuesday as crude oil prices continued their downward journey U S stocks were regaining grounds from previous day s mayhem in the initial hours of trading following some positive news on trade war front However the enthusiasm was short lived as no

Asia-Pacific Sours On Oil, EU Markets Mixed, Brexit Deal In Sight, US CPI As Expected

 

Asia Pacific Equities Sink On Plunging Oil Prices Asia Pacific Equities Sink On Plunging Oil PricesAsia Pacific Equities Sink On Plunging Oil Prices Asian markets were down nearly across the board as the price for WTI and Brent crude fell to a one year low Both global oil benchmarks fell

Health Care Sector Update for 11/14/2018: CGC, CDNA, TLRY, JNJ, PFE, ABT, MRK, AMGN

 

Top Health Care Stocks Top Health Care Stocks JNJ 0 24 JNJ 0 24 PFE FlatPFE Flat ABT 0 27 ABT 0 27 MRK 0 52 MRK 0 52 AMGN FlatAMGN Flat Health care stocks were mostly flat in pre bell trading Wednesday Health care stocks were mostly flat in pre bell trading Wednesday

The Dow's Not Staging Much of a Comeback Wednesday Morning

 

Michael Haddad Michael Haddad 6 35 a m The Dow Jones Industrial Average appears set for a lower open this morning following yesterday s drop And even Great Britain and the European Union agreement on a draft Brexit plan doesn t seem to be helping 6 35 a m 6 35 a m TheDow

Podcast: A 27% Crude Oil Price Drop and Two Other Numbers You Need to Know

 

https asset barrons com dynamic insets barrons generic podcast 2018 1538513741291 json src https graphics wsj com audio

China Equity Markets Soften after Retail Sales Growth Dips to 5-Month Low; Investors Still Locked-in to Trade Talk Possibilities

 

The major equity indexes in Asia are trading lower early Wednesday as investors digest the mixed price action on Wall Street while continuing to monitor potentially positive developments in the lingering trade dispute between the United States and China Traders are also responding to

Theresa May and Brexit Put the Pound Front and Centre

 

Earlier in the Day Earlier in the Day Economic data released through the Asian session was on the heavier side this morning with key stats including November consumer confidence and 3 rd quarter wage growth numbers out of Australia 1 st estimate GDP numbers for the 3 rd quarter out of

Market Close Report: NASDAQ Composite index closes at 7,200.88 up .01 points

 

Tuesday s session closes with the NASDAQ Composite Index at 7 200 88 The total shares traded for the NASDAQ was over 2 29 billion Declining stocks led advancers by 1 05 to 1 ratio There were 1522 advancers and 1594 decliners for the day On the NASDAQ Stock Exchange 6 stocks reached a 52

Health Care Sector Update for 11/13/2018: ABBV,VKTX,CRON,CRON.TO,VLRX

 

Top Health Care StocksTop Health Care Stocks JNJ 0 56 JNJ 0 56 PFE 1 56 PFE 1 56 ABT 1 83 ABT 1 83 MRK 0 41 MRK 0 41 AMGN 0 07 AMGN 0 07 Health care stocks continue to trend lower today including a slightly more than 0 6 decline for the NYSE Health Care Index in recent trade

Health Care Sector Update for 11/13/2018: CRON,VKTX,VLRX

 

Top Health Care StocksTop Health Care Stocks JNJ 0 73 JNJ 0 73 PFE 1 33 PFE 1 33 ABT 0 77 ABT 0 77 MRK 0 66 MRK 0 66 AMGN 0 03 AMGN 0 03 Health care stocks were trending lower including a slightly more than 0 4 decline for the NYSE Health Care Index in recent trade Also shares

This Is A Fear-Driven Move, So Consider This Risky-Looking Stock

 

Shutterstock photo Even after a big drop such as we saw yesterday, it is hard to look at the current situation and believe anything other than that we have seen the low on this move down and will, at some point, start to bounce back. Nothing really has happened over the last month or so to justify a drop of

Bitcoin Hits the Lowest Level of the Year Thus Far—Entire Market Down

 

Bitcoin Hits Lowest Level

Today is a bleak day for cryptocurrencies everywhere as Bitcoin hits the lowest level of the year thus far. Where Bitcoin goes, the rest of the market tends to follow, and indeed, the index shows us all the top-ten coins are experiencing double-digit losses.

Bitcoin Hits Lowest Level of the Year

Currently, Bitcoin is down over 10% and has touched a low of $5,550 a coin. This price is the weakest the coin has been since October 2017 and also puts an end to what was the steadiest period the coin experienced in months. Bitcoin has ...

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Bitcoin Cash Hard Fork is Near: What You Should Know!

 

Bitcoin Cash Hard Fork

A Bitcoin Cash hard fork will happen on Thursday, November 15th.

Bitcoin Cash is already a hard fork of Bitcoin and has since grown to become the fourth-largest cryptocurrency. Now the digital currency will split in two, creating a second cryptocurrency.

The two digital currencies go by the names Bitcoin ABC, which is the continuation of the current or core Bitcoin Cash, and Bitcoin SV, which will follow new rules and stands for Satoshi’s Vision.

Bitcoin Cash Hard Fork

A hard fork occurs when network participants no longer agree on a proposed ...

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Japenese Crypto Exchange Coincheck Resumes NEM (XEM) Trade Ten Months Later

 

NEM (XEM)

After ten months of stagnancy, the newly re-opened Japenese cryptocurrency exchange Coincheck has resumed its NEM (XEM) trading. According to a South Korean news source FNNews, Coincheck has restricted its platform by external ‘security experts.’

一部仮想通貨の入金・購入再開のお知らせ(ETH・XEM・LSK)https://t.co/g3Hc9rzxZ1

— Coincheck(コインチェック) (@coincheckjp) November 12, 2018

NEM (XEM) Trading Resumes on Coincheck

Back in January, Coincheck suffered the largest cryptocurrency exchange hack in history. $530 million USD worth of XEM was stolen from the Japanese exchange. After the investigation, the company announced it would repay the 260,000 investors affected by the hack.

...

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EtherDelta Founder Charged by SEC as an Unregistered Exchange

 

EtherDelta

Zachary Coburn, the founder of EtherDelta, has just been charged by the US Securities and Exchange Commission (SEC) with operating an unregistered securities exchange. The SEC released the news via a press release yesterday.

EtherDelta Charged

According to the report by the SEC, over the course of 18 months, EtherDelta users placed over 3.6 million orders for digital currencies. Among those ordered were coins considered securities by US federal laws.

Under the current law, EtherDelta was supposed to register in the US or apply for an exemption. However, the cryptocurrency exchange failed to do ...

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Two Teachers Mine for Ethereum Using School’s Power

 

Teachers mine for ethereum

Teachers Mine for Ethereum: Mining for cryptocurrency comes with its controversy. Energy consumption is already the most eyebrow-raising aspect. So what about using the local school’s computers to mine for Ethereum… during school time? Oh, and you’re the principal of the school.

This is exactly what happened in Hunan Province, China.

Teachers Mine for Ethereum: What Happened?

According to Hong Kong news outlet HK01, two Puman Middle School principals were caught using the school’s power to mine Ethereum.

The school’s general manager noticed the computers’ fans were louder than normal and this ...

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Square’s Bitcoin (BTC) Profits Jump $500,000 in Q3

 

Bitcoin (BTC)

US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday.

In the third quarter of 2018, we continued to drive strong growth at scale. $SQ https://t.co/HPhSMfVgac

— Square IR (@SquareIR) November 7, 2018

Bitcoin (BTC) Revenue Q3 2018

Square released a full digest of its total earning and financial activities. The release was far more colorful and interactive than most public companies’ earnings reports. It included ...

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A Guide to Understanding Cryptocurrency White Papers

 

Cryptocurrency White Papers

Anyone looking to invest in bitcoin or any other form of cryptocurrency has surely spent some time researching and reading about it. Entering the crypto world without any knowledge would be a crazy and reckless thing to do, especially if you are planning to invest money into it. While blogs, forums, and the many available cryptocurrency websites put no limit to the amount of information available for anyone looking for help, there is no denying that the best way to understand a cryptocurrency would be to read its white paper. A white paper is like a blueprint to ...

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Public vs Private Blockchains; Ernst & Young’s New Blockchain Prototype

 

private blockchain

On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model—thus a private blockchain.

It does this by using zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. The result, it claims, is a network that will suit the needs of institutions, especially in the financial sector.

But why the need to combine the pro’s of both networks, what’s ...

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Winklevoss Lawsuit Continues; Lawyer States Defendant Committed ‘No Misconduct’

 

Winklevoss Lawsuit

Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin Foundation founder Charlie Shrem of Bitcoin fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties.

Winklevoss Lawsuit

According to the report by the NT Times, Shrem made several lavish purchases in 2018, that caught the attention of the Olympian twins. The pair filed a civil lawsuit against Shrem accusing him of stealing thousands of Bitcoin from them in 2012.

“Either Shrem has been incredibly lucky and successful since leaving prison, or—more likely—he ‘acquired’ his ...

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Exchange.Blue Launches the Long Awaited Link Between Perfect Money and Bitcoin

 

Exchange.Blue

As Bitcoin and other cryptocurrencies gain more popularity and usage across the world, the new Exchange.Blue online platform is now making it possible to exchange and trade Bitcoin for Perfect Money in a fast, secure, and easy process.

[New York], [New York], November 6, 2018 – Exchange.Blue, an online exchange platform run by a team of young successful entrepreneurs, is proud to announce the unique service that now makes it possible to sell Bitcoin for Perfect Money and exchange Perfect Money for Bitcoin in an easy instantaneous process. This is an innovative P2P exchange platform that ...

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Startups Urgently Need to Adapt to a Changing Market as Token Sales Drop 90 Percent

 

Token Sales

With a bear market and a change in sentiment around ICOs, the risk of using such a fundraising mechanism now constitutes a cheaper, more reliable way of hosting a crowdsale. A staggering collapse this year in ICO funding – from $2.5 billion in February to $181 million by September – means that it has become vital for startups to actively reduce their risk and costs.

This means trimming the fat where possible. An equitable way of achieving this is through one of the emerging ICO platforms wherein a token sale can be launched inexpensively in a ...

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CBOE Bitcoin (BTC) Futures Reach Record-Low Volatility

 

CBOE Bitcoin (BTC) Futures

Bitcoin (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday.

CBOE Bitcoin (BTC) Futures

Kevin Davitt, a Senior instructor at CBOE Options Institute, published a video on November 1st outlining the volatility decline.

In the video above, Davitt outlines that the average weekly volatility for XBT-CBOE Bitcoin (BTC) futures on the week ending October 26th was just three percent. This is the lowest level of volatility since the futures contracts launched on December 10th, 2017.

As of the first of November, the ...

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Crypto Airdrops are Now Illegal in China

 

Crypto Airdrops

China does not like cryptocurrency. The country has repeatedly imposed strict sanctions against its use and relative businesses. Now the central bank of China is adding to its list by banning crypto airdrops.

China Bans Crypto Airdrops After ICO Abhorrence

The People’s Bank of China, or PBoC, has classed token airdrops as “disguised” Initial Coin Offerings (ICOs). It detailed its new scrutiny in a financial stability report, published on Friday, November 2nd.

The bank’s regard for crypto airdrops echoes its abhorrence of ICOs, describing them as “illegal” fundraisers that lead to financial fraud, pyramid ...

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Ethereum (ETH) and EOS Cross Chain Token Trading Success by Bancor

 

Ethereum (ETH)

Bancor, a decentralized liquidity network, has just announced it has completed its partnership with Block.one to provide cross-blockchain token swaps with EOS and Ethereum (ETH).

We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens. https://t.co/E54nlUElmG pic.twitter.com/NSocQZr11A

— Bancor (@Bancor) November 5, 2018

EOS and Ethereum (ETH) Automated Token Conversion

The company originally announced its partnership and venture in September. The announcement just published a few hours ago reads:

“BancorX  ...

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Winklevoss Twins Sue Bitcoin Investor Charlie Shrem

 

Winklevoss Twins Lawsuit

The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin investor stole 5,000 Bitcoins from them in 2012.

Winklevoss Twins Lawsuit

According to the New York Times, Shrem made several lavish purchases in 2018 that caught the attention of the Winklevoss twins. They filed a civil suit against him, convinced that Shrem made these purchases—which include a $2 million house and luxury cars—using the Bitcoins he had stolen from them in 2012.

Shrem Worked for the Winklevoss Twins Before Lawsuit

The twins hired Shrem in 2012. Tasked ...

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BNP Paribas, HSBC, and 10 Other Banks Launch Hong Kong Blockchain Trade Finance Platform

 

Blockchain Trade Finance Platform

A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, Great Britain-based Standard Chartered, and nine other major banks.

Blockchain Trade Finance Platform

The new platform is called eTrade Connect, and on Wednesday, HSBC said it reduced the time it takes to approve trade loan applications. Usually, these loans would take a day and a half to process, but thanks to eTrade, it has been reduced to four hours.

...

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Morgan Stanley Classes Bitcoin as an Asset

 

Bitcoin (BTC)

Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful)

What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities. It also means good news for those hoping for a Bitcoin ETF.

Research Concludes Bitcoin an Asset

The bank’s research division reviewed the last six months of Bitcoin usage.

What the researchers discovered was that permanent ledger ...

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Jamie Dimon Knocks Down Bitcoin (BTC), Again

 

Jamie Dimon

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has always been tough when it comes to his stance on Bitcoin (BTC). Back in September of 2017, Dimon even went as far as calling it a “fraud.” He later retracted his statement and said that he was wrong for calling it a fraud but was still wary of the digital currency.

Well, it seems Dimon has something different to say about Bitcoin now. Again.

Jamie Dimon vs. Bitcoin (BTC): October 2018

Two days ago at an AXIOS conference, the CEO was asked about changing his ...

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World Crypto Con: Journalist Jordan French Wants You to Pitch Him

 

World Crypto Con

Welcome to the World Crypto Con Spotlight series. Today’s guest: Jordan French.

World Crypto Con

World Crypto Con (WCC) is a platform for industry leaders to share their knowledge of the cryptocurrency and blockchain space, as well as introduce their projects to the world. WCC welcomes both experts and novices to attend; there’s something for everyone.

Our World Crypto Con Spotlight series will be focusing on moments from the conference, speaking to headliners about their experience with WCC.

Thanks to World Crypto Con, we at CryptoCurrencyNews.com had the pleasure of interviewing Jordan ...

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Coinbase will Add Nearly 300 Coins in the Next Year but Won’t IPO

 

Coinbase

The major US cryptocurrency exchange Coinbase has just announced that it won’t IPO any time soon but will be adding hundreds of more coins in the next year. Coinbase’s President and COO Asiff Hiriji told Bloomberg his company’s plans this morning via Bloomberg TV.

Coinbase Denies IPO

Yesterday, it was announced that Coinbase is now valued at over $8 billion USD after it closed its series E investment last week. This funding round was worth $300 million USD. With its value rising, some began to speculate whether the major cryptocurrency company was eyeing an Initial Public ...

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Public vs Private Blockchains; Ernst & Young’s New Blockchain Prototype

 

private blockchain

On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model—thus a private blockchain.

It does this by using zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. The result, it claims, is a network that will suit the needs of institutions, especially in the financial sector.

But why the need to combine the pro’s of both networks, what’s ...

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BNP Paribas, HSBC, and 10 Other Banks Launch Hong Kong Blockchain Trade Finance Platform

 

Blockchain Trade Finance Platform

A new Hong Kong-based blockchain trade finance platform has just launched this week that was developed by twelve major global banks, Reuters reported this Wednesday. The platform was developed by Canadian-based HSBC, France-based BNP Paribas, Great Britain-based Standard Chartered, and nine other major banks.

Blockchain Trade Finance Platform

The new platform is called eTrade Connect, and on Wednesday, HSBC said it reduced the time it takes to approve trade loan applications. Usually, these loans would take a day and a half to process, but thanks to eTrade, it has been reduced to four hours.

...

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Blockchain and Shipping: Samsung SDS Signs Deal with Largest Port in Europe

 

Blockchain and Shipping

Samsung SDS, the blockchain subsidiary of the tech giant Samsung, has just announced its partnership with Europe’s largest port, the Port of Rotterdam. In addition to this agreement, the Major Dutch bank, ABN AMRO, will also be in on the blockchain and shipping deal.

Samsung SDS: Blockchain and Shipping

The Samsung subsidiary released the news via a press release this morning. According to Samsung SDS, its trial will focus on shipping containers from an unnamed factory in Asia to the port of Rotterdam.

The Port of Rotterdam is located in the SouthWest corner of ...

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Journalism Outlets Love Crypto and Blockchain—Look at Forbes Magazine

 

Forbes Civil partnership

Multiple journalism outlets have started to incorporate cryptocurrency and blockchain into their business models, which isn’t surprising; we knew this was coming. Back in July, Forbes magazine included crypto players in its ’40 under 40′ list. Last week, Time Magazine put a blockchain startup on its list of 50 innovative businesses. And this week, we have seen the market introduced to a Forbes Civil partnership.

A Forbes Civil Partnership: What Does This Mean?

On Tuesday, October 9th, the co-founder of Civil, a blockchain platform, confirmed that Forbes will be working with the blockchain-based platform to publish ...

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Malta Prime Minister: Cryptocurrency is the “Inevitable Future of Money”

 

Inevitable Future of Money

According to the Maltese Prime Minister, Joseph Muscat, cryptocurrency is the “inevitable future of money.”

The country has never shied away from embracing crypto and its underlining technology—the blockchain. According to the Prime Minister, it is this technology which allows the future of money to be more transparent.

The Inevitable Future of Money

Muscat believes that using blockchain will filter “good business from bad business,” but that’s only the beginning. He believes “distributed ledgers can do much more.”

The Prime Minister addressed the 73rd Session of the General Assembly of the UN ...

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Austria will Use Ethereum’s Blockchain for Government Bonds

 

Austria will use Ethereum's blockchain

Blockchain technology is becoming a firm favorite for government economies across the globe. Austria is the latest country to speak of its desire to implement the technology. Austria will use Ethereum’s blockchain, but for what?

Well, the European country is looking to raise funds. It will be auctioning $1.3 billion worth of government bonds and will use Ethereum’s blockchain to authenticate the contracts. But will it manage to raise such a large sum? We will know next Tuesday.

Austria will use Ethereum’s Blockchain

Austria‘s primary financial services institution for its export industry and associated ...

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Linux Foundation Launches Training Course for Hyperledger Fabric Blockchain Technology

 

blockchain courses

The Linux Foundation is a non-profit organization which, according to its website, “supports the creation of sustainable open source ecosystems by providing financial and intellectual resources, infrastructure, services, events, and training.”  The organization aims to provide an array of blockchain courses, catering to a job demand.

Blockchain Courses

The Linux Foundation offers blockchain focused education services including the ‘Blockchain for Business’ course. It saw over 100,000 students take its free introductory ‘Hyperledger’ course last year, and now it is eager to add to its blockchain courses.

The organization has developed and, as of yesterday, ...

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Canadian Government Body Builds Ethereum Blockchain Explorer

 

Ethereum Blockchain Explorer

A Canadian body called The National Research Council of Canada (NRC) announced on Monday, August 20th, that it has built an Ethereum blockchain explorer. The NRC manages a Canadian-government-funded research program named the Industrial Research Assistance Program (IRAP) and it is this program which is hosting its own Ethereum blockchain explorer.

Ethereum Blockchain Explorer

IRAP has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol that enables peer-to-peer storing and sharing of data on a distributed ledger. In this case, the explorer will allow users to search the Ethereum blockchain for government contracts such ...

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After Months of Waiting, JD.com Launched its Blockchain Platform and Mobile App

 

JD.com blockchain platform

JD.com has been busy today. On Friday, the Chinese e-commerce company rolled out two new products: a JD.com blockchain platform and a JD.com app. The latter is the platform’s first use case.

Here’s what we know. 

JD.com Blockchain Platform: Officially Live 

Today, JD.com posted a press release, which stated that the company had not only created a blockchain platform but a mobile application as well.

The company decided to both announce and launch the products Friday; this is likely a marketing move to keep the company in the backs of weekend traders’ ...

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UEFA’s New Ticketing System Uses Blockchain Technology

 

UEFA Ticketing System

The Union of European Football Associations (UEFA) has made quite the revolutionary announcement today. No, Lionel Messi has not quit football or anything like that, rather the announcement revealed the new UEFA ticketing system.

And the new UEFA ticketing system uses blockchain technology. Get in!

The UEFA Ticketing System

UEFA successfully deployed its new blockchain ticketing system via mobile phones.

The system was actually tested first back in May where it was used to sell 50% of the tickets for the 2018 UEFA Europa League final in Lyon and it was successful. ...

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Golden Gate Ventures to Launch $10 Million Blockchain and Crypto Fund

 

Golden Gate Ventures

Capital firm Golden Gate Ventures (GGV), based in Singapore, is planning to launch a $10 million USD fund exclusively for blockchain and cryptocurrency investments. The fund will be accessible for cryptocurrency start-ups as well as established blockchain companies looking for further investment.

The announcement was made via Reuters, early today August 10th. 

Who is Golden Gate Ventures?

Golden Gate Ventures is one of Southeast Asia’s leading venture capital firms. The new fund will see the GGV invest in start-up companies such as cryptocurrency exchanges, security providers, and blockchain tech startups. This investment will be ...

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Korean Blockchain Association Asks State for Crypto and Blockchain Adoption

 

Korean blockchain regulation

Last month, the Korea Blockchain Enterprise Promotion Association was established. While the association is still relatively new, it’s already making major moves. This week, the association called for not only Korean crypto regulation but Korean blockchain regulation as well.

Here’s what we know.

Korean Crypto Regulation and Korean Blockchain Regulation

On August 8th, the Korea Joongang Daily reported that the Korea Blockchain Enterprise Promotion Association called on the government on Tuesday, asking it to adopt crypto and blockchain.

Why? According to the report, the blockchain-based association has asked the government to regulate ...

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IBM Blockchain Platform Targets Banks and Financial Institutions

 

IBM blockchain platform

The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology.

IBM Paves the Way

When cryptocurrency began its ramp up back in mid-2017, several banks around the world started eyeing blockchain technology to see how it could potentially benefit current systems and how it could cut costs.

IBM has partnered with CLS, a foreign exchange market infrastructure firm, and has created LedgerConnect. LedgerConnect is a proof of concept blockchain platform ...

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Is Berlin a Blockchain Hotspot? Ethereum’s Joseph Lubin Thinks So

 

Berlin blockchain development

More and more countries, cities, and states are adopting blockchain technology. Malta already has, and so has Colorado—and for good reasons, too. Many have said that blockchain will one day surpass crypto, being the brains behind the operation. Until then, areas in the world are going to keep exploring the technology. This week, we saw Joseph Lubin, co-founder of Ethereum, talk about the Berlin blockchain development. Not only that, but he called Germany’s capital “the most important city” in the blockchain industry.

But why?

Joseph Lubin Talks Blockchain

Blockchain may still be in its ...

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TADA: First Blockchain-Powered Ride-Hailing App Launches in Singapore

 

blockchain powered ride-hailing app TADA

A new ride-hailing service has just emerged in Singapore, and it’s the first of its kind. TADA, which means “let’s ride” in Korean, is a blockchain-enabled mobile app that claims it has zero commission fees for its drivers. Let’s learn more about the blockchain powered ride-hailing app TADA.

TADA Introduced

Singapore-based Mass Vehicle Ledger (MVL) Foundation released the app on Thursday (July 26th). In its ramp up, the foundation recruited 2,000 private-hire licensed drivers.

What makes this company stand apart from the rest is that MVL states that it will not collect commission fees ...

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Google Cloud Dives Further Into Blockchain Technology

 

Digital Asset partners with Google

Announced this morning via a company press release, the New York-based startup Digital Asset partners with Google. This new collaboration seeks to bring blockchain to Google Cloud.

The Head of Financial Services at Google Cloud, Leonard Law, commented in the press release:

“We are delighted to innovate with Digital Asset in the distributed ledger space. DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”

Digital Asset Partners with Google

Google is betting ...

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Genesis’ Peter Gabriel Invests in Blockchain Startup: Calling All Stations

 

Peter Gabriel invests in blockchain startup

Musicians have the resources to finance the things they support. Ordinary people try but often fail to have the required funding—which is why we tend to see celebrities investing in crypto and blockchain startups. The latest headline involving a celebrity moving into blockchain is as follows: Peter Gabriel invests in blockchain startup.

Peter Gabriel Invests in Blockchain Startup

You may remember Peter Gabriel as the former lead singer of Genesis, an English rock band formed in 1967.

Now, Gabriel, 68, is moving away from the music industry (so to speak) and into the blockchain ...

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Malta: The World’s First Blockchain Island

 

Malta blockchain island

The European island of Malta, just below Italy and above Africa, is quickly becoming the world’s first blockchain powered island. For the past few months, there have been numerous reports of major blockchain companies and crypto exchanges setting up shop in Malta—but why, why a Malta blockchain island? Opportunity cost.

Maltese Government

The Government of Malta has recognized blockchain as the technology of the future and now wants the tech to be the central part of its economy. The island has been recently deemed one of the best countries to relocate and start new companies surrounding ...

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Mastercard Files Another Blockchain Patent

 

Mastercard files Blockchain patent

Mastercard files blockchain patent: Mastercard has filed another blockchain patent. According to a US Patent and Trademark Office, the company filed the patent July 17. The new patent is aimed at consumer protection and blockchain payment transactions. 

The patent document outlines its main goal: to quicken merchant transactions that use cryptocurrencies. Currently, the length of time it takes to confirm and complete transactions is making exchanges with crypto’s difficult and inefficient. Even though the technology is already widely available that could make the whole process instantaneous.

The application includes an outline for a new ...

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Toyota, Ford, and General Motors (GM) All Exploring Blockchain Technology

 

Automobile blockchain

Automobile blockchain: Various companies around the world began jumping on the blockchain bonanza last year when cryptocurrency spread like a wildfire in the media and grew in popularity.

Everyone tried to see how this new technology could benefit their current systems or even ride the blockchain ‘buzzword’ for a while. Long Island Iced Tea Inc, an iced tea company and tea distributor, jumped on board and changed their name to Long Blockchain Inc to gain some stock momentum as NASDAQ was threatening to de-list them.

Another area that began looking into the distributed ledger ...

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