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Tag: cryptocurrency

FTSE / NASDAQ NEWS 

Ubisoft Leads $36 billion Gaming Industry to Adopt Blockchain With ConsenSys and New Alliance

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One of the worlds largest game publishers, Ubisoft leads the gaming industry to adopt blockchain technology with the newly formed Blockchain Game Alliance (BGA) that includes Ethereum venture studio ConsenSys and a plethora of blockchain gaming companies. Announced at the first-ever Blockchain Game Summit in Lyon, which was sponsored by Ubisoft, the BGA will provide an open forum for knowledge-sharing and collaborative research, creating industry standards and best practices for gaming applications that rely on distributed ledger technology (DLT)  The BGA website states: “Our ultimate goal is to help spread the integration of…

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r3 chorum venture studio FTSE / NASDAQ NEWS 

RBS Blockchain Team Jumps Ship to Start R3 Chorum Venture Studio Project

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Members of Royal Bank of Scotland’s (RBS) blockchain team have announced that they are leaving to launch an R3 Chorum venture studio, a project that aims to do for Corda what ConsenSys is doing for Ethereum. Richard Crook, former head of the RBS innovation team has made the move, taking with him engineers Mark Simpson, Ben Wyeth and Farzad Pezeshkpour. Crook and his team were responsible for developing the Cordite token project on R3‘s Corda platform, which RBS led in a bid to create a generic crypto asset blockchain system for the banking…

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bmw selects blockchain startup bloom FTSE / NASDAQ NEWS 

BMW Selects Blockchain Startup Bloom to Develop Customer Lending Solution

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German automotive giant, BMW selects blockchain startup Bloom to develop customer lending solutions with the aim of streamlining its financial services for its customers. Launching a ‘BMW Financial Services Collaboration Lab’ (BMW FSCL), Bloom together with five other start-ups shortlisted from 212 applicants, will collaborate in a 10-week lab at BMW Financial Services’ offices in Hilliard, Ohio, to further develop their ideas, alongside leading subject matter experts in the automotive and financial sectors. The BMW FSCL aims to digitalise the customer journey, critical areas that the the program will focus on…

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NEWS REGULATORS 

Blockchain Browser Brave Files Complaints Against Google Ads Data Collection Practices

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Developed by Mozilla co-founder and Javascript creator, Brendan Eich, the blockchain browser Brave files complaints against Google advertisement (ads) data collection practices in the UK and Ireland.   Together with Jim Killock of the Open Rights Group, and Michael Veale of University College London, Brave’s chief policy officer Johnny Ryan filed formal complaints with the Irish Data Protection Commissioner and the U.K. Information Commissioner. Brave, an open-source blockchain browser that blocks ads and website trackers, cited that the way Google and the advertising technology (adtech) industry publish personalised online ads…

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FTSE / NASDAQ NEWS 

IBM Blockchain Payments Platform ‘World Wire’ Goes Live Powered by Stellar

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The IBM blockchain payments platform has officially been taken out of beta and is now live, entitled ‘Blockchain World Wire’, it is powered by the Stellar network, with whom it has been working with since October 2017. ‘World Wire’ aims to provide financial institutions with ‘a new way to move money’, according to the website it states that it can: “simultaneously clear and settle cross-border payments in near real-time” Essentially, the IBM blockchain payments platform is designed to negate the time heavy and costly intermediary processes that international payments systems have traditionally…

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blockchain to fight fake news NEWS REGULATORS 

Social Media Giant Twitter Looking into Blockchain to Fight Fake News Says CEO Dorsey

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Jack Dorsey, CEO of the social media giant Twitter, testified before a U.S. Congressional committee on Wednesday, confirming that Twitter is considering the use of blockchain to fight fake news and prevent online scams. U.S. Congress is currently probing into the potential political bias among tech giants Twitter, Google and Facebook, questioning CEO’s such as Dorsey and Zuckerberg of Facebook, to identify what steps they are taking to prevent future election meddling. Doris Matsui, a representative of California, questioned Dorsey during a House Committee on Energy and Commerce hearing about user…

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FTSE / NASDAQ NEWS 

Google Expands Big Data Analytics Tool to Explore Ethereum Blockchain

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Internet search giant, Google expands its Big Data analytics tool to explore Ethereum blockchain using BigQuery, a web service that provides interactive analysis of massively large data-sets, powered by Google Storage. Chrome users are now able to access a daily dose of all of the data stored on Ethereum’s blockchain, by way of BigQuery, a new Google plugin that provides visuals and a variety of tools for analysing the Ethereum platform. In a blog post announcement made on Saturday, the tech behemoth explained that until now, there have only been app platforms for checking transaction status or…

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Dfinity to Disrupt Cloud Computing BCTECH NEWS 

Major Venture Capital Firms Invest $102 Million in Dfinity to Disrupt Cloud Computing

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Andreessen Horowitz and Polychain have led a founding round which has seen major venture capital firms invest $102 million in DFINITY to disrupt cloud computing with its blockchain-based ‘internet computer’. With its foundation based in Zug, Switzerland’s blockchain hub, the Dfinity team working from Palo Alto aims to reinvent computing by replacing large platforms like Amazon Web Services (AWS) and Microsoft Azure with a decentralised alternative. The not-for-profit organisation believes that by creating millions of nodes that will collectively serve as a public computing resource, its technology could cut the costs of running…

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caribbean central bank to pilot blockchain currency FTSE / NASDAQ NEWS 

Another Caribbean Central Bank to Pilot Blockchain Currency with Overstock’s Bitt

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Just months after signing the Eastern Caribbean Central Bank (ECCB) to pilot a blockchain currency, Overstock-owned startup Bitt is now partnering with the Centrale Bank van Curaçao en Sint Maarten to do the same. Much like the ECCB, that covers 11 countries in the Caribbean, the project aims to increase efficiency for financial transactions between the islands. With the pilot set launch next year, within controlled environments that are supervised by the bank, the results could lead to the issuance of a digital currency for the region.

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coinbase launches crypto gift cards NEWS REGULATORS 

Coinbase Launches Crypto Gift Cards for Major Retailers in Partnership with WeGift

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One of the world’s biggest cryptocurrency exchanges, Coinbase launches crypto gift cards for its European customers, enabling them to purchase goods and services using their crypto assets with over 120 major brands including Amazon, Tesco, M&S, Thomas Cook and Uber. The new feature comes a few months after securing an e-money license from the UK’s financial regulator. Partnering with digital gift card startup WeGift, customers can convert upto $5000 per day of their cryptocurrency stored in their Coinbase wallets into gift cards.

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Baidu launches a blockchain image app FTSE / NASDAQ NEWS 

China’s Biggest Search Engine Baidu Launches a Blockchain Image App called ‘Totem’

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China’s biggest search engine, Baidu goes live with its blockchain image app ‘Totem’, marking the first blockchain application released on its private XuperChain network. The copyright platform incorporates a ‘Totem Point’ token as an incentive for users validating their images. With established relationships in the copyright industry, bringing in over 10 billion yuan a day, Baidu is aiming to take the lead in the picture copyright industry, and looks to expand to other digital media assets, such as videos by the first quarter of 2019.

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saudi arabia selects ibm to develop blockchain NEWS REGULATORS 

Saudi Arabia Selects IBM to Develop Blockchain for the City of Riyadh

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In a major contract with oil rich Saudi Arabia, IBM have been selected to develop blockchain for the Municipality of its capital city Riyadh, integrating both government and commercial services for its 7 million citizens and residents. IBM have been instructed to work closely with the municipality’s technology partner, Elm. The blockchain initiative is in line with the Saudi Vision 2030 program, a plan enacted by Crown Prince Mohammad bin Salman in 2016, and is focused on reducing the country’s dependence on oil revenue by diversifying the economy.

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banking industry to launch crypto tokens FTSE / NASDAQ NEWS 

RBS Leading Banking Industry to Launch Crypto Tokens with R3’s Corda Technology

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RBS, one of the world’s 30 largest financial institutions, has confirmed that it has been leading a consortia of banks to develop an enterprise blockchain standard platform entitled Cordite, which will allow the banking industry to launch crypto tokens on one network. Utilising the coding of R3 Corda blockchain technology, the open source CorDApp aims to do what the ERC-20 standard did for Ethereum, ensuring that all tokens adhere to a set of functions, anywhere within the Cordite system.

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blockchain to track ad data budweiser kiip BCTECH NEWS 

InBev, the World’s Largest Brewer Puts Budweiser on the Blockchain to Track Ad Data

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The world’s largest brewer, AB InBev partners with Kiip to launch the world’s first blockchain powered mobile ad campaigns. Using Ethereum, Kiip’s ‘Single Ledger’ mobile marketing product will enable all players in the mobile ad sales chain to view and audit campaign data directly, bringing an end to fraudulent reporting by third parties and ad servers. Beginning with Budweiser, Bud Light, Michelob Ultra and Estrella, InBev says it is “disrupting existing paradigms through innovation and putting consumers at the heart of everything.”

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BCTECH NEWS 

Adblock Plus Identify Fake News using Blockchain Technology

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Adblock Plus are launching TrustedNews, identifying fake news using blockchain technology. Partnering with MetaCert, the largest anti-fraud and URL registry, the browser ‘add-on’ marks for trustworthiness and labels media for fake news.

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FTSE / NASDAQ NEWS 

Crypto Miners ‘Argo’ to be First Blockchain Company Listed on London Stock Exchange

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Crypto mining as a service company (MaaS) Argo, is set to be the first blockchain company listed on London Stock Exchange this week. UK-Canadian company Argo Blockchain have built a data centre that runs off cheap, green hydro-power and will sustain mining at scale. With a team of just 20 people and a prolific angel investor, Gil Penchina involved, the company has stated that it expects to be valued at around £40 million, with the aim of raising £20 million in the listing.

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art market with blockchain andy warhol BCTECH NEWS 

Revolutionising the Multi-Million Pound Art Market with Blockchain and Andy Warhol

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Blockchain startup, Maecenas aims to transform the $65 billion art market, beginning with a multi-million pound Andy Warhol piece, to be sold in a tokenised auction sale taking place in London. Ownership of a work of art will be placed onto the blockchain, utilising it’s immutable ledger technology to create tamper proof certificates, that can be bought and sold in fractions, or shares. Notoriously, an industry reserved for the super rich, Marcelo Garcia Casil, Founder of Maecenas said it is aimed at “democratising access to fine art” for all.

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blockchain in pharmaceuticals FTSE / NASDAQ NEWS 

GSK is Fighting Fake Drugs with ConsenSys Startup ‘Viant’ for Blockchain in Pharmaceuticals

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One of the world’s biggest pharma companies, GlaxoSmithKline is working with Ethereum-based ConsenSys startup Viant to develop blockchain in pharmaceuticals. With the release of new regulations to protect U.S. consumers from fake, contaminated and stolen medications, the pilot could not have come at a better time. Furthermore, the immutable ledger aims to combat $200 billion in lost sales each year.

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ben and jerrys blockchain climate change BCTECH NEWS 

Ben & Jerry’s Launches Blockchain Climate Change Initiative with Poseidon

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Ben & Jerry’s launch a blockchain climate change initiative in partnership with Poseidon. The world’s first digital retail platform connecting consumers with their own carbon footprint, will be launched in London. Poseidon have developed a technology that breaks carbon credits down into microtransactions, so each scoop of ice cream is accounted for. Carbon credits is one of the world’s biggest markets, worth €49 billion ($54.7 billion) in Europe alone. Until now, they could only be bought in bulk by large companies.

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ride hailing Blockchain Uber app FTSE / NASDAQ NEWS 

China’s Largest Ride Hailing Founder, Reveals Plans to Build a Blockchain Uber

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Chen Weixing, who helped shape China’s $30 billion ride hailing market, reveals plans to build a blockchain Uber equivalent. In 2014, Weixing fought off competition from Alibaba and in a joint merger, they later acquired Uber’s China operation. Today the company accounts for 90% of trips made in China, a ride hailing market that is already worth more than the rest of the world combined. Weixing has said that his decentralised platform will be developed to empower “labourers” and “consumers” describing it as a “great, Nobel Prize-level social experiment” adding that it would not be controlled by “capitalists”.

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