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Qatar-based telecommunications giant Ooredoo Group has reportedly launched a blockchain initiative. Qatar-based telecommunications giant Ooredoo Group has launched a blockchain initiative, English-language local media The Peninsular Qatar reports on March 18. Per the report, the company already collaborates with entities in the private, public and academic spaces to develop blockchain solutions. Ooredoo Group CEO Sheikh Saud bin Nasser Al Thani is quoted in the article as stating that “blockchain will facilitate new digital business models and revenue in the next five years.” According to him, blockchain enables organizations to optimize costs and enhance efficiency, transparency and trust while allowing secure digital payments. The article’s author cites the use of smart contracts for title, deed and facilities management, product tracking and bank cross-border settlements as possible applications. Lastly, the company reportedly aims to combine blockchain with its 5G, cloud and In..
U.S. payment services giant Visa is looking to hire a person who will manage strategy for crypto-related opportunities. American payment services firm Visa has published a crypto and blockchain-related job opening on San Francisco-based recruiting software firm SmartRecruiters on March 6. Global financial services corporation Visa is seeking blockchain talent for the position of Technical Product Manager at Visa Fintech in their Palo Alto office. The person will be responsible for the execution of Visa’s product strategy within a cryptocurrency ecosystem, and will be required to manage the roadmap for crypto-related opportunities. According to the job description, the person should be possess a functional knowledge of the crypto industry and major players involved, as well as in-depth knowledge of distributed ledger technology and a deep understanding of existing retail payment solutions. Familiarity with advanced cryptography will be preferred, the job description notes. The indiv..
Kakao Corp is reportedly planning a crypto wallet-to-messenger integration after the commercial launch of the Klaytn platform. South Korea’s biggest internet corporation Kakao will reportedly integrate its crypto wallet in its messaging app KakaoTalk, local financial news agency Fnnews reported on March 18. According to the report, more than 44 million South Korean KakaoTalk users will be able send peer-to-peer transactions using Kakao’s crypto-powered wallet. The South Korean messaging giant will reportedly integrate the wallet in KakaoTalk after the launch of blockchain platform Klaytn’s commercial service, a spin-off of Kakao’s subsidiary Ground X. Recently, Bloomberg reported that the company will conduct another $90 million-capped initial coin offering (ICO) after already raising $90 million. According to Fnnews, Klaytn is scheduled for a commercial launch at the end of June 2019. Previously, Cointelegraph had reported that Kakao spent more than $57 million on new technologies, i..
Chinese insurance giant Ping An has partnered with Ethereum-based decentralized AI startup SingularityNET. Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in the future. The announcement has been made shortly after SingularityNET officially launched a beta version of its Ethereum-based decentralized marketplace on Thursday, Feb. 28. In January last year, the company also announced a partnership with agriculture-focused blockchain startup Hara at the World Web Forum. Ping An is reportedly the world’s most valuable insurance company, it serves 170 milli..
Insurance Giant AXA XL partnered with insurance technology startup Assurely to jointly launch a new insurance product covering equity crowdfunding and security token offerings. Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6. The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly protects new online capital formation strategies like equity crowdfunding and STOs. The product also aims increase trust, confidence and safety to potential investors guaranteeing that the issuer is insured. According to Ty Sagalow, CEO of Assurely, the parties have managed to increase underwriting. The releases states: “CrowdProtector provides Issuers protection against investor complaints and lawsuits as well as serve as a communication to investors that they may get their principal investment ..
Metadium, a South Korean blockchain identity startup, is releasing its SDK on the store of leading game engine Unity. Metadium, a South Korean blockchain identity startup, is releasing its Software Development Kit (SDK) on leading game engine Unity’s Asset Store, according to a press release published today, March 15. The press release describes the move as a “strategic partnership” with the gaming giant. Per the press release, the Metadium Meta ID service will be available to game developers using the Unity engine via the Unity Asset Store. In correspondence with Cointelegraph, the startup further explained the nature of the partnership with Unity, noting that its is part of the Asset Store Partner program: “It [this partnership] includes extra assurance tests for our SDK's stability and certification of our plug-in. In addition to this, there will be more involvement of both sides for promotional activities to ensure exposure and to drive wider adoption among game developers.” ..
Global post-trade market infrastructure giant The Depository Trust & Clearing Corporation (DTCC) has published guiding principles for the post-trade processing of tokenized securities. The Depository Trust & Clearing Corporation (DTCC), a global post-trade market infrastructure giant, has published a white paper outlining guiding principles for the post-trade processing of tokenized securities. News of the white paper was announced in an official DTCC press release on March 13. The paper — targeted at regulators and other market participants — identifies the characteristics that are unique to the emerging tokenized security asset class and its market structure. In the press release, DTCC proposes that: “The market for trading crypto assets that are security tokens where the post-trade processing uses distributed ledger technology (DLT), has created a need for safety, security and reliability around these transactions to protect market stability.” DTCC deems that global policy standard..
The mining giant has yet to confirm the news officially, which appeared in a Chinese finance newspaper. Chinese cryptocurrency mining manufacturer Canaan Creative has completed a multimillion-dollar funding round, local finance news outlet Securities Times reported on March 11. Canaan, which has not officially confirmed the report, is rumored to have raised an unspecified sum from as yet unknown backers. The size of the investment, according to the Times, which cites “informed sources,” lies in the hundreds of million of dollars, while the company’s worth is reportedly now in the billions of dollars. “From the point of view of market capitalization, after the current round of financing, Canaan’s valuation is worth billions of dollars,” the publication added, likewise without naming specific figures. The cash injection comes at a timely juncture for the cryptocurrency mining industry. As Cointelegraph reported in November, the market, led by fellow Chinese stalwart Bitmain, has suffere..
Dubai-based real estate giant Emaar will launch an ERC-20 token developed by Swiss blockchain startup Lykke. Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Per the article, the token will be developed by Swiss blockchain startup Lykke, and will grant Emaar’s customers and stakeholders access to the referral and loyalty system across the entire company. Emaar is the largest real estate company in the United Arab Emirates (UAE), responsible for the Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Opera. According to its Wikipedia page, Emaar Properties boasts a revenue of $5.83 billion and has been valued at $9.7 billion as of June last year. Moreover, according to Arabian Business, Emaar’s revenue grew by 37 percent last year to $7 billion. The article further notes that Emaar will also consider holding an ICO in Europe wit..
U.S. smart contract security company Quantstamp announces its extension to Japan following an investment from local financial giant Nomura. United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings. The news was revealed in a press release from Quantstamp published on March 6. According to the announcement, the U.S. firm has received a “significant investment” from Nomura, which provides investment, financing and related services to individual, institutional and government customers. Venture company Digital Garage, which invests in successful internet startups across the world, reportedly also contributed to the round. Information that the corporate funding round was led by Nomura also appeared on Crunchbase on March 6. The exact amount of the investment has not been disclosed. As of press time, Nomura has not responded to Cointelegraph’s request for comment on the move. As the pres..