Financial RSS Blog & News Feed

Brought To You By MoneyGrasp.com


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.

Is the EUR in for More Pain? There May be Choppier Waters Ahead

 

Last Week in the Equity MarketsLast Week in the Equity Markets It was a week of contrasts for the global equity markets and while the ongoing U S China trade talks was attributed to the moves through the week is there more to it than just the trade war chatter It was a week of contrasts for

NASDAQ Composite Index closes up 6.58 points for the week, rising for the 6th straight day

 

Friday s session closes with the NASDAQ Composite Index 45 46 This is the 6th straight day of increase for the index The total shares traded for the NASDAQ was over 2 26 billion Friday s session closes with the NASDAQ Composite Index 45 46 This is the 6th straight day of increase for the

Health Care Sector Update for 02/15/2019: BSX,LLY,LOXO,ORPN,AKAO

 

Top Health Care StocksTop Health Care Stocks JNJ 1 01 JNJ 1 01 PFE 1 12 PFE 1 12 ABT 1 47 ABT 1 47 MRK 0 99 MRK 0 99 AMGN 0 43 AMGN 0 43 Health care stocks continued to rise this afternoon including a nearly 1 3 gain for the NYSE Health Care Index in late trade Shares of

Health Care Sector Update for 02/15/2019: LLY,LOXO,ORPN,AKAO

 

Top Health Care StocksTop Health Care Stocks JNJ 0 78 JNJ 0 78 PFE 0 85 PFE 0 85 ABT 1 11 ABT 1 11 MRK 0 98 MRK 0 98 AMGN 0 16 AMGN 0 16 Health care stocks were rising including a 1 gain for the NYSE Health Care Index this afternoon Shares of health care companies in the S amp

Mixed Bag: Econ Data & Q4 Earnings: PEP, DE, AXL

 

Friday February 15 2019 Import and Export Prices for the month of January have been released ahead of this morning s opening bell with results much as we ve seen with recent economic metrics coming up short of estimates Import Prices month over month hit 0 5 lower than the 0

Weak U.S. Data Reinforces Fears that the Economy has Peaked

 

Asia and America show a sharp decline Asia and America show a sharp declineAsia and America show a sharp decline The U S retail sales on Thursday seriously upset financial markets Key indexes turned to decline losing more than 1 after reports of a sudden and sharp sales drop in December

Stock Market News For Feb 15, 2019

 

U S stocks closed mostly lower on Thursday following the release of disappointing economic data Moreover conflicting news on government shutdown also dented investors confidence The Dow and S amp P 500 ended in the red while the Nasdaq Composite finished in the green The Dow Jones

Health Care Sector Update for 02/15/2019: AKAO, ORPN, CGC, JNJ, PFE, ABT, MRK, AMGN

 

Top Health Care Stocks Top Health Care Stocks JNJ FlatJNJ Flat PFE 0 02 PFE 0 02 ABT FlatABT Flat MRK 0 20 MRK 0 20 AMGN FlatAMGN Flat Health care stocks were flat to higher pre bell Friday Health care stocks were flat to higher pre bell Friday Early movers include Early

Asia Falls On US Data, Trade Talks Remain In Focus, US Futures Rise In Early Trade

 

Weak US Data From US Sends Asian Stocks Ducking For CoverWeak US Data From US Sends Asian Stocks Ducking For Cover Asian equity indices took a dive in Friday trading following a round of weak data from the US December US Retail Sales made their biggest one month decline down 1 2 and

Retail Sales and Brexit Keep the Pound Front and Center

 

Earlier in the Day Earlier in the Day Economic data released through the Asian session this morning included January s business PMI numbers out of New Zealand January inflation figures out of China and finalized December industrial production numbers out of Japan Economic data released

NASDAQ Composite Index closes up 5.76 points for the week, rising for the 5th straight day

 

Thursday s session closes with the NASDAQ Composite Index 6 57 This is the 5th straight day of increase for the index The total shares traded for the NASDAQ was over 2 12 billion Thursday s session closes with the NASDAQ Composite Index 6 57 This is the 5th straight day of increase for the

Health Care Sector Update for 02/14/2019: OMER,INO,MDGS,MTFB

 

Top Health Care StocksTop Health Care Stocks JNJ 0 01 JNJ 0 01 PFE 0 73 PFE 0 73 ABT 0 30 ABT 0 30 MRK 0 32 MRK 0 32 AMGN 0 28 AMGN 0 28 Health care stocks were extending their Thursday advance including a nearly 0 8 gain for the NYSE Health Care Index in late afternoon

Health Care Sector Update for 02/14/2019: INO,MDGS,MTFB

 

Top Health Care StocksTop Health Care Stocks JNJ 0 04 JNJ 0 04 PFE 0 84 PFE 0 84 ABT 0 20 ABT 0 20 MRK 0 59 MRK 0 59 AMGN 0 31 AMGN 0 31 Health care stocks were rising including a 0 7 gain for the NYSE Health Care Index in recent trade Shares of health care companies in

Underperforming Alternative Investments Weighed Heavily On AIG In 2018

 

AIG AIG released its fourth quarter and full year results on February 13 Revenues declined by 4 to 47 3 billion in 2018 compared to 49 5 billion in 2017 Insurance premiums and investment income are the drivers of AIG s top line with a contribution of 71 and 29 to total

How Will Strength In Cisco's Product Dynamics Impact Its Valuation?

 

Cisco CSCO reported its Q2 results on February 13 beating consensus expectations on revenue and EPS The company s demand momentum appears to be driven by end user business demand likely making it sustainable over the medium term Cisco CSCO reported its Q2 results on February

Coinsquare Acquires StellarX: Canadian Exchange Takes Over

 

Coinsquare Acquires StellarX

Canada’s largest crypto exchange Coinsquare has acquired the StellarX DEX according to a press release published yesterday.

Under the terms of the agreement, StellarX will become a fully-owned subsidiary of Coinsquare and will now need regulatory approval to operate its service under the Coinsquare umbrella.

Coinsquare Acquires StellarX

Based in Bermuda, StellarX describes itself as “the first decentralized crypto platform with global fiat gateways. You can trade Bitcoin for Euros for Chinese Yuan on StellarX. That’s not possible anywhere else.”

Developed as an on-ramp for traders, customers have the ability to deposit ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Ripple Feeling Pressure? Brad Garlinghouse Speaks Out About JPM Coin

 

Ripple

Ripple’s CEO, Brad Garlinghouse, has finally responded to JPMorgan’s recent announcement of its new JPM Coin. Is Ripple feeling the pressure or just annoyed with a bank adopting a similar system? Let’s find out.

As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer https://t.co/39EAiSJwAz https://t.co/e7t7iz7h21

— Brad Garlinghouse (@bgarlinghouse) February 14, 2019

Ripple CEO Responds to JPM Coin News

Long ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Anchor: A New Financial Standard and Monetary System

 

Anchor

Anchor, a New Financial Standard and Monetary System for Preserving and Enhancing the Value of Investor Holdings

Anchor is a two-token stable currency system pegged to a financial index that safeguards investments against economic volatility, inflation and market speculation.

Anchor AG, a financial services holding company, introduces Anchor, a dual-token stable currency that is pegged to a proprietary Monetary Measurement Unit (MMU), which calculates the value and growth of the global economy with validated data, including the real GDP, from more than 190 countries. Anchor’s monetary system and the MMU financial index are designed ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

JPMorgan Officially Launches Its Stable JPM Coin

 

JPM Coin

The first digital currency created by a major US bank is finally here! This morning, CNBC was first to report that JPMorgan Chase has officially launched its own cryptocurrency. The first JPM Coin trial is set to launch in just a few months.

JPM Coin Makes Trial Debut

JPMorgan Chase moves more than $6 trillion around the world a day and soon the company will test its new JPM coin. The bank’s new digital currency will be tested to settle payments between its clients.

JPMorgan’s trial will start small but it’s the bank’s way ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Santander Bank Enters $700 Million Deal to Use IBM Blockchain

 

IBM Blockchain

According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain.

The pair signed a $700 million USD deal aiming to increase Santander’s technological developments.

The news was released yesterday via a press release.

IBM Blockchain

The deal is a five-year “global technology agreement” that will improve the bank’s services by using innovative technology such as blockchain, AI, and big data. IBM will take care of the technology behind its new services.

IBM has been leading the blockchain revolution in business across the ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Is Crypto About to Get Institutional Investment? Novogratz Thinks So

 

crypto institutional Investment

According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year.

If this were to be the case, digital coins would most likely rally significantly.

Crypto Institutional Investment

In an interview with Bloomberg Television, the crypto magnate said the following about digital currency, which he dubs ‘smart money’:

“All the architecture that institutions need to feel comfortable with this is being put in place […] You’re going to start to see custody come online.”

Crypto Institutional Investment Needs Custody Solution ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Coinbase Wallet Now Compatible with Google Drive and iCloud

 

Coinbase Wallet

As of yesterday, users using a Coinbase Wallet can now back up an encrypted version of their private keys to their personal cloud storage account. These accounts include either iCloud or Google Drive. Coinbase released this announcement via its personal blog yesterday.

Coinbase Wallet Upgrades

🔐☁️ Introducing Cloud Backup for your private keys on Coinbase Wallet!

Backup to your personal iCloud or Google Drive, and explore the open financial system with peace of mind. https://t.co/6uaHT8AZky

— Coinbase Wallet (@CoinbaseWallet) February 12, 2019

This new feature is making many ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Hybrid Summit 2019 in Hong Kong: Tom Lee Headlines the Conference

 

Hybrid Summit 2019

Hong Kong blockchain week is right around the corner! Hybrid Summit has decided to host its annual event in China this year.  Last year, the blockchain-centered educational event was held in Bangkok Thailand and in 2017, it was held in Studio City, Macau. Hybrid Summit 2019 will be held on March 7th at the AsiaWorld Expo.

Hybrid Summit 2019

Hong Kong blockchain week will kick off on March 4th and will conclude on the 8th. The week starts off with a sunset cocktail hour for VIP ticket holders only. On the 7th, the Hybrid Summit event ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Morgan Creek Digital Secures $40M Backing from Public Pension Funds

 

Morgan Creek Digital

According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions.

Initially, the venture looked to raise $25 million. Morgan Creek Digital

Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge fund. The new venture—called the Morgan Creek Blockchain Opportunities Fund—has been created specifically for investment into the digital asset space.

Pension Plans

The two pension plans are based in Virginia. They are ‘anchor investors’ in the ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

SEC ICO Guide Released Despite Ongoing Regulation Debate

 

SEC ICO Guide

In 2018, ICOs raised over $7.8 billion USD—up $1.6 billion from the year 2017. Most of these 2018 funds were raised in the first three months of the year. Cryptocurrencies have been on the decline ever since. Yesterday, the Securities and Exchange Commission (SEC) released their new guide to ICOs. This new SEC ICO guide seems oddly timed, considering the fundraising tactic has decreased dramatically.

Our guide to initial coin offerings: https://t.co/N1cfvEjmM6

— SEC_News (@SEC_News) February 10, 2019

SEC ICO Guide

The US regulator released the news of its new ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Philippines Union Bank Launches Crypto ATMs: Will It Fuel Adoption?

 

Crypto ATMs

One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country.

Union Bank Crypto ATMs

Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice versa. The move may help to spur on adoption for the digital asset.

Union Bank said the following on the crypto ATMs:

“In the bank’s continued quest to cater to the evolving needs and tastes of customers, ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Fake Bakkt Website Emerges but Fails to Scam Crypto Investors

 

Fake Bakkt Website

A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are much more cautious, and this new fake Bakkt website was easily identified.

Fake Bakkt Website Caught

In August of 2018, the Intercontinental Exchange (ICE) announced Bakkt would be launched in late-January 2019. ICE currently operates 23 leading global exchanges, including the ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Ripple Adds 11 New Universities and Extends UBRI Footprint

 

Ripple

Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research.

Ripple is extending its footprint globally by adding 11 new universities to its program.

11 New Universities to UBRI

The UBRI launched in June 2018. With a $50 million USD self-funded investment, Ripple committed to 17 prestigious universities around the world. As stated, the course aims to accelerate academic research, technical development, and innovation in the blockchain and cryptocurrency space. ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe!

 

Amazon

Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency.

Amazon and Cryptocurrency

Investing.com conducted a polled study of 1,000 Amazon shoppers and found that 13% were “OK” with digital currency being offered on the ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Buy Ethereum on Opera: Browser Wallet Accepts ETH Purchases

 

Buy Ethereum on Opera

Web browser Opera announced earlier today that Android users can now buy Ethereum (ETH) directly from its browser wallet.

For reference, ETH is currently selling for $104.75 USD per coin according to CoinMarketCap.

Buying Ethereum on Opera

To make Ethereum transactions possible in this manner, Opera has partnered with regulated crypto brokerage Safello to provide the cash-to-crypto exchange.

Further, the browser is making life even easier by enabling payments with credit and debit cards. It has also implemented other payment networks such as Sweden’s Swish.

According to the web browsing ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

US Crypto Traders are the Most Active on Major Exchanges, Data Shows

 

US Crypto Traders

US crypto traders are among the most active investors across all major cryptocurrency exchanges. This data came from the data analytics firm DataLight.

Crypto traders from the US are the most active across the majority of the exchanges except for @bitfinex, which also has the most even geographical distribution of traders. pic.twitter.com/haxoUP6N57

— DataLight (@DataLightMe) February 4, 2019

US Crypto Traders Most Active

The data was taken from five major cryptocurrency exchanges. Many of the other cryptocurrency exchanges used daily were not added to the list. US residents don’t have ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Facebook Acquires Blockchain Startup Chainspace

 

Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace.

Another move for the tech giant into the cryptocurrency space perhaps?

Chainspace

Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.”

According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook.

Facebook Acquires Chainspace?

Facebook has confirmed that ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Coinbase Now Offers PayPal Withdrawals in Europe

 

Coinbase

PayPal and Coinbase have officially teamed up. This morning, the popular cryptocurrency exchange announced it would now offer PayPal withdrawals to its users in the EU.

Coinbase customers in EU and European Free Trade Association countries can now withdraw funds to PayPal accounts. Sign in to Coinbase and link your PayPal account today to get started. https://t.co/tkOKXSQDoh

— Coinbase (@coinbase) February 5, 2019

Coinbase and PayPal in the EU

Last year, the cryptocurrency exchange announced the support of PayPal in the US and last month it rolled out this feature ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

QuadrigaCX Can’t Access $190 Million in Crypto After Founder Dies

 

QuadrigaCX

Around $190 million in cryptocurrency has been lost and locked away somewhere online where no one can reach it. What’s to blame? Canada’s largest cryptocurrency exchange, QuadrigaCX.

Back in December, the cryptocurrency exchange’s founder perished while in India. According to CoinDesk, a court filing states that the company does not have access to most of the funds, because the founder held the private keys. As of late-January, around 115,000 users have balances with the exchange.

The company announced it has filed for creditor protection but did not give full details as to why. Now, ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Ethereum 2.0 Inches Closer, Pre-Release Stable

 

Ethereum 2.0

Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release.

Ethereum 2.0

The new post explains:

“[This] marks the first release in a series of weekly releases through February 2019. Phase 0 in v0.1 is relatively feature complete and approaching stable. Subsequent changes will occur on dev branch and only merged into master during a release accompanied by a changelog.”

...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Santander Bank Enters $700 Million Deal to Use IBM Blockchain

 

IBM Blockchain

According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain.

The pair signed a $700 million USD deal aiming to increase Santander’s technological developments.

The news was released yesterday via a press release.

IBM Blockchain

The deal is a five-year “global technology agreement” that will improve the bank’s services by using innovative technology such as blockchain, AI, and big data. IBM will take care of the technology behind its new services.

IBM has been leading the blockchain revolution in business across the ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Ripple Adds 11 New Universities and Extends UBRI Footprint

 

Ripple

Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research.

Ripple is extending its footprint globally by adding 11 new universities to its program.

11 New Universities to UBRI

The UBRI launched in June 2018. With a $50 million USD self-funded investment, Ripple committed to 17 prestigious universities around the world. As stated, the course aims to accelerate academic research, technical development, and innovation in the blockchain and cryptocurrency space. ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

IBM Blockchain Trial Successfully Completed With Mandarins

 

IBM Blockchain Trial

Computer giant IBM has successfully completed another blockchain trial with the help of 28 tons of mandarin oranges.

The tech behemoth tracked a shipment of mandarins from China to Singapore and used the innovative technology to do so.

IBM Blockchain Trial

The trial consisted of 28 tons of mandarin oranges (which equates to 3,000 cartons), delivered to China ahead of the Chinese New Year celebration, beginning on February 5th.

The main shipping document, otherwise known as the bill of lading (BL), was recorded on the blockchain.

A bill of lading ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

ING Bank Teams Up with R3 in a Five-Year Blockchain Deal

 

ING Bank

ING Bank, a major Dutch International bank, has just announced that it has signed a five-year deal with R3. R3 is an enterprise blockchain consortium that holds a commercial blockchain platform. R3 released the news in a press release yesterday.

ING Bank Takes on Blockchain

R3’s commercial blockchain platform is called Corda Enterprise. This new five-year deal allows ING Bank a number of licenses for Corda and can roll out access to the platform.

Corda will be rolled out through ING Bank globally and seek to deploy production-ready CorDapps across various business areas. CorDapps ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Dragonchain Partnership With Hurify: IoT and Blockchain Merger

 

Dragonchain Partnership

A Dragonchain partnership was announced earlier today. The blockchain leader is partnering with Hurify Digital Markets to revolutionize decentralized IoT and blockchain development.

Dragonchain Partnership

The US’s Dragonchain is a blockchain developer that works across four business areas: enterprise services, entertainment, education, and project incubation/acceleration. The company wants to empower businesses with an enterprise-grade blockchain solution.

Hurify, at its core, is a “global ecosystem for developer communities, entrepreneurs, and IoT solution vendors.” Its members span the globe.

Hurify Digital Markets, then, is an IoT project development platform that uses smart contracts to ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Blockchain Start-Up Orbs Raises $15 Million With Kakao’s Help

 

Orbs blockchain

South Korean app provider, Kakao, has helped to raise over $15 million in cryptocurrency for Orbs, a hybrid blockchain platform.

Orbs Blockchain Raises $15 Million

Kakao joined the fundraising venture through its investment arm because it “always seeks to invest and support innovative startups and Orbs is a good example.”

It also builds on the pair’s existing partnership; Orb already partners with Kakao’s blockchain subsidiary, Ground X. The two companies develop blockchain applications, along with researching and developing projects.

The latest investment will “focus on helping Orbs further the protocol’s development and ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Blockchain Phone: Will Samsung Enter the Ring? Trademarks Say Yes!

 

Blockchain Phone

The excitement of late in blockchain has centered around a particular blockchain phone. A first of its kind, this phone has crypto nerds alike beaming with joy; the idea of decentralized apps running on your phone is exciting, and that’s before we consider all the crypto possibilities.

Blockchain Phone

It started with Sirin Labs, whose pioneering phone ‘Finney,’ let people store and use digital currencies without transaction fees. Then HTC came to the party with the world’s second blockchain phone called Exodus 1. This phone boasts a “Social Key Recovery” function that lets a user use ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

State Farm is Now Testing Blockchain Technology for Auto Insurance Claims

 

State Farm

US automotive and life insurance group State Farm is now testing blockchain technology to potentially speed up auto claims. The company announced the new pilot for its blockchain-based subrogation platform on its website yesterday.

State Farm Testing Blockchain Technology

According to the company’s website, the company processes just over 38,000 claims per day and has 519,000 accounts in mutual funds.

“Today, subrogation is a relatively manual, time-consuming process often requiring physical checks to be mailed on a claim-by-claim basis between insurers,” said Mike Fields, innovation executive of State Farm. “You can imagine the time ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

The US Department of Homeland Security Offers $800K for Blockchain-Based Anti-Forgery Software Development

 

The US Department of Homeland Security

The US Government has just released an announcement that it is offering grants up to $800 thousand for the development of a blockchain-based anti-forgery solution. The US Department of Homeland Security is focusing its blockchain efforts on enhancing its capabilities of spotting fake documentation.

US Department of Homeland Security and Blockchain

The DHS, through its unit Science and Technology Directorate (S&T), will distribute the non-dilutive funds in four phases. The department chose the non-dilutive route so that the entity doesn’t need to sell equity in order to receive the funding. The funds will be distributed through ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Will the US Air Force Soon Be Using Blockchain for Supply Chain?

 

US Air Force

The grad school for the United States Air Force just developed a tool to help supply chain professionals learn about blockchain. The US Air Force Institute of Technology (AFIT) released its free tool in hopes of advancing the current infrastructure built around supply chain management.

This news was released by the US business journal Modern Materials Handling (MMH) back on December 3rd.

US Air Force and Blockchain Technology

AFIT has put together a live application that is paired with a set of video tutorials. This application can be accessed from any smartphone or computer. ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

A Blockchain for Europe: A New Association Sets Out to Educate

 

Blockchain for Europe

It seems that blockchain ventures are popping up almost by the day. In order to promote understanding and regulation of blockchain and distributed ledger technologies (DLT), a ‘Blockchain for Europe’ Association has formed.

The latest endeavor comes from four already pretty major and renowned blockchain companies that have joined forces to establish the Association.

Blockchain for Europe

The four members of the association are Ripple, the NEM Foundation, Emurgo, and Fetch.AI.

But what’s the point of Blockchain for Europe? The companies want to address the European Union’s “fragmented” policy debate which surrounds ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

CVS Health, Aetna, UnitedHealth Group, and Humana Trial Blockchain Technology for Healthcare

 

Blockchain technology for Healthcare

The US Healthcare system may finally be taking steps in the right direction. Aetna recently announced that it has joined a newly formed blockchain alliance, along with Ascension. Five other healthcare giants in the US are already piloting blockchain technology.

Blockchain Technology for Healthcare

Humana, Multiplan, UnitedHealth Group’s Optum, Quest Diagnostics, and UnitedHealthcare are all a part of the group. The alliance is trying to figure out how blockchain technology can improve data quality and lower costs.

Blockchain tech entered into the mainstream media back in 2017. It’s surprising that these healthcare systems haven’t ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Voting on the Blockchain: South Korea Tests New Technology

 

Voting on the Blockchain

South Korea has just become the first East Asian country to legalize medical marijuana. But it may be the second to put voting on the blockchain. Japan is already trialing the technology to allow citizens to cast votes on “social contribution projects.”

South Korea has been an advocate of blockchain technology though it has a strict stance towards cryptocurrency. It makes sense that it would follow in Japan’s footsteps.

Voting on the Blockchain in South Korea

Democratic voting on the blockchain is one of the most controversial applications of blockchain technology. Switzerland has trialed ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Sberbank CEO: Expects Industrial Blockchain Adoption in Under Two Years

 

Blockchain adoption

The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years.

Blockchain Adoption

Gref believes the technology is on the cusp of entering the industrial development stage of its evolution. Speaking to journalists this week, he said:

“The hype around the technology [blockchain] is now over, and the technology is entering the stage of industrial development. It needs a year or two to be implemented at the industrial scale.”

...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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.

...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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 ...

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Back To The Top Of The Page