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IBM’s new partnership is aimed at supply chain management in the mining and metals industry, looking to improve logistics, financing, and cost-saving. Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. IBM announced the initiative in a press release published Jan. 16. MineHub is a company that uses technologies including blockchain to develop cost-saving applications for the metals and mining industry. The newly announced mining supply chain platform will be built on the cloud-based IBM Blockchain Platform powered by the Linux Foundation's Hyperledger Fabric. The solution targets the inefficiencies of the global mining and metal market — which is estimated at $1.8 trillion. These include excessive paperwork, manual data processing, and lack of transparency between supply chain parties. It will reportedly also be designed to improve logistics and financing, as wel..
Bitcoin payment processor OpenNode has ended its seed investment round with Tim Draper and Draper Associates. Bitcoin (BTC) payment processor OpenNode has completed a seed investment round with investment from American venture capitalist Tim Draper, according to an announcement on Dec. 18. Founded in April 2018, OpenNode is a multi-layered Bitcoin payment processor for merchants developed by a group of Lightning Network designers and Bitcoin developers, that aims to improve and simplify the use of Bitcoin. Per the announcement, OpenNode has raised funds from Draper and early stage venture capital firm Draper Associates. The startup plans to spend the funds on scaling the team and building the network. Financial details regarding the investment have not been disclosed. Draper — a vocal Bitcoin advocate — shared his vision for blockchain-based digital governments in May. He stated that blockchains utilizing smart contracts in conjunction with artificial intelligence (AI) will massively ..
The Tagomi digital assets brokerage, which is backed by PayPal co-founder Peter Thiel’s Founders Fund, has launched today. Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm, has launched, according to a Dec. 17 press release. Tagomi is an electronic brokerage for digital assets. The firm’s offerings include cross market execution, capital management, post-trading reporting, as well as settlement and custodial services. According to Chief Executive Officer of Tagomi, Jennifer Campbell, the company aims to ease the operational challenges related to trading digital assets. The company caters to clients that “require institutional operational standards.” As Cointelegraph reported in October, institutional investors replaced high net-worth individuals as the biggest buyers of cryptocurrency transactions over $100,000. A recent report from Diar states that institutional investors have shifted to over-the-counter (OTC) market..
Major crypto exchange Bitfinex and its spin-off Ethfinex has introduced support for four more fiat-backed stablecoins. Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog post published Dec. 4. Per the announcement, both exchanges have introduced stablecoins USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) in a bid to keep the platforms “agnostic.” The four new stablecoins join the already supported Ethereum-backed coin DAI and the industry stalwart, Tether (USDT), all to be traded against USD. Explaining the move as an effort to provide an “unbiased meeting place” for crypto traders, the exchanges note that deposits and withdrawals for the newly added stablecoins are limited to verified traders within their platforms, while trading verification status does not affect trading. The move follows the introduction of direct USDT-fiat trading in late November, through the addition of US..
sponsored A monetary system that has created digital currencies backed by gold and silver has struck partnerships with exchanges and retailers who are interested in its product. An “evolutionary” monetary system that uses physical gold and silver as the basis for digital currencies has unveiled a series of partnerships as it works to increase participation in its platform and gain support from governments. Kinesis argues that backing cryptocurrencies with precious metals help to reduce the “severe price volatility” which have historically made them unsuitable for everyday use. Its coins can be loaded on to a debit card and quickly exchanged for fiat currency whenever a purchase needs to be made, and cash withdrawals are also going to be possible. In a recent agreement, the Jakarta Futures Exchange (JFX) – a prominent futures and derivatives exchange group in Indonesia – expanded its memorandum of understanding with Kinesis and Allocated Bullion Exchange (ABX,) an established company ..
Singapore’s state investment firm Temasek invested in enterprise blockchain software firm and global banking consortium R3 Singapore’s state investment firm Temasek Holdings Pte has invested in enterprise blockchain software firm and global banking consortium R3, according to a Bloomberg report Nov. 22. Temasek is a Singapore government-owned investment company, which has reported its Asia-focused portfolio to be worth around S$308 billion ($235 billion) as of spring 2018. Bloomberg today cites an “internal memo,” whose contents have reportedly been confirmed by a Temasek spokesperson, which illuminates the company’s broad investment strategy as of October 2018. It indicates that Temasek is responding to a shifting global investment landscape by focusing in on bleeding-edge technologies such as blockchain and artificial intelligence (AI). This strategy reportedly entails the creation of “experimental pods,” set up with the express purpose of focusing on investments in blockchain techn..
Acting U.S. attorney general Matthew G. Whitaker is being scrutinized for putting his weight behind an alleged scam that touted a pseudo time travel crypto, among other inventions. Acting U.S. attorney general (AG) Matthew G. Whitaker has come under fire for his association with an allegedly fraudulent patent company that involved cryptocurrency, U.S. news journal MotherJones reported Nov. 14. Whitaker, a Trump loyalist, was appointed by the U.S. president to replace former attorney general Jeff Sessions Nov. 7. Among other controversies, Whitaker is now being scrutinized for his involvement with “World Patent Marketing,” an alleged scam that marketed sundry outlandish products from aspiring inventors, including a “theoretical time travel commodity tied directly to price of Bitcoin.” As MotherJones reports, the marketed products also included a bespoke “masculine toilet” for “well-endowed men.” The crypto-related product, which reportedly never came to fruition, was dubbed Time Travel..
sponsored This new coin can be used for online payments or money transfer services like PayPal. A Swiss company, Alprockz AG, has developed the cryptocurrency ROCKZ, and says it is the first coin paired to one of the most stable fiat currencies in the world — the Swiss Franc (CHF). According to the company, it has already partnered with Geneva Swiss Bank - GSbanque. The team calls the product “the most reliable and predictable crypto cash”, and claims they created the “world’s most bulletproof cryptocurrency.” The new coin can be used for money transfers, storing assets and for online payment methods like PayPal. CHF as a worth guaranteeAlprockz AG decided to connect their digital asset with the traditional economy. Because of this decision, it offers their new Ethereum blockchain-based platform and cryptocurrency ROCKZ (RKZ), which will be backed by the Swiss national currency, the Franc ($0.99) at the rate of 1:1. The company has also developed a platform to exchange and store ROCK..
Bitcoin Cash has spiked 20 percent in the wake of an upcoming hard fork supported by now-second largest exchange Binance. Sunday, Nov. 4: crypto markets have seen a lot movement today, with most of the top 20 coins by market cap seeing significant growth, and with Bitcoin Cash (BCH) spiking almost 21 percent by press time. Market visualization from Coin360 Bitcoin Cash, the fourth top cryptocurrency by market capitalization, has grown sharply from $473 at the beginning of the day to as high as $573 as of press time, which is the highest trading point of the cryptocurrency over the past month. Trading around $420 for the most part of the week, Bitcoin Cash started this upward trend on Nov. 2. The fourth top coin is up around 30 percent over the past 7 days in the wake of the now-second largest global crypto trading platform Binance recent announcement of support for Bitcoin Cash’s upcoming hard fork. Bitcoin Cash 7-day price chart. Source: CoinMarketCap Bitcoin Price Index While most..
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