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Alyx Fashion Brand Launches IOTA-Powered Pilot for Supply Chain Transparency

The luxe brand founded by former Lady Gaga creative director and Kanye West collaborator Matthew Williams is launching an IOTA-based pilot for supply chain transparency. Alyx — the luxe fashion brand founded by erstwhile Lady Gaga creative director and Kanye West collaborator Matthew Williams — is launching an IOTA-based pilot for supply chain transparency. The news was reported by industry magazine Vogue Business on June 24. Williams — who earned a 2016 LVMH Prize finalist nomination for his work at Alyx, and spearheaded brand partnerships with Moncler, Nike and Dior Men — has launched the blockchain pilot together with manufacturing giant Avery Dennison and London-based internet of things (IoT) software firm Evrythng. As reported, IOTA is an IoT-focused distributed ledger technology firm, which has created an architecture dubbed “Tangle.” Unlike a blockchain, the Tangle protocol does not use “blocks” or mining, but is instead built upon a directed acyclic graph (DAG): a topologicall..

Finally! Cardano Team Launches Staking Testnet, What Does This Milestone Mean...

Cardano News Today – Cardano has been on fire since the beginning of the year as the network keeps crossing one developmental milestone after another. Of all the big things that Cardano has going on, the Cardano Shelley upgrade is the biggest. This upgrade is expected to make the Cardano blockchain 100 times more decentralized than the Bitcoin blockchain. This is automatically going to make it a more competent “Ethereum Killer” than other smart contract and dApp platforms that intend to kick Ethereum out of business according to our previous Cardano news. Now, the Cardano development team has released the first Shelley testnet. What does this mean for Cardano and ADA? Will the Cardano Shelley upgrade influence the Cardano price prediction 2019? Cardano News Today – Cardano Price Prediction 2019 – Cardano Shelley Testnet Is Active With the first testnet active, users are preparing to use the staking mechanisms that will be activated on the Cardano Shelley when it is on the mainnet. Cro..

Malaysia Launches Work Visa Program for Blockchain Tech Professionals

Malaysia has rolled out a work visa program targeting tech freelancers that addresses a demand for blockchain capable talents. Malaysia has launched a work visa program targeting tech freelancers that addresses a demand for blockchain capable talens, local news outlet the Star reported on June 18. The Malaysia Digital Economy Corporation (MDEC) — a government-owned organization that oversees the tech sector — blockchain organization Nem Foundation and job marketplace Jobbatical have jointly launched the program. The program aims to attract foreign professionals who will have the right to stay in the country for up to 12 months to provide blockchain-related services or undergo training at a Malaysian company. MDEC growth ecosystem development vice-president Norhizam Abdul Kadir said, "We will be kicking it [the program] off starting with blockchain jobs. The number of visas to be issued depends on the projects that will be run by blockchain companies in Malaysia." As previously reporte..

Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India

HSBC has deployed tokenization tech in its receivables infrastructure for corporate clients in India. Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18. The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), based on tokenization technology developed by Australian blockchain-powered Fintech company Identitii Ltd., the firm said in the announcement. According to the statement, HSBC DART was developed for HSBC’s Global Liquidity and Cash Management (GLCM) business and deploys Identitii’s approach to tokenization within HSBC’s existing infrastructure of receivables to enhance involved processes. The instrument is designed to automate the accounts receivable (AR) process for HSBC’s corporate customers and their network of buyers, enabling a secure communication layer between network partici..

Ethfinex Launches DAO as Executives Consider Regulatory Landscape

The exchange’s co-founder called the move a regulatory play following the turmoil at affiliated platform Bitfinex. Cryptocurrency exchange Ethfinex, the sister exchange of Bitfinex, has launched a test decentralized autonomous organization (DAO), the company confirmed in a blog post on June 12. Ethfinex — which earlier this month launched a decentralized over-the-counter (OTC) trading platform — said it wants to decentralize control of its operations. The DAO was built by DAOstack and is known as efxDAO, with an initial funding budget of $5,000. “Today we reach an important milestone in our path to decentralised governance of Ethfinex,” the exchange’s community lead, Ben Wilson, wrote in the blog post. Wilson added: “We have collaborated with decentralisation protocol experts DAOstack to create an experimental funding Decentralised Autonomous Organisation (DAO), efxDAO.” EfxDAO has a preliminary membership of 23 people, with plans to expand rapidly in the future. Those members have th..

CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume...

CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12. According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by research indicating that a significant number of crypto exchanges globally have been using wash trading and other strategies — including spoofing and incentivized trading schemes — to artificially inflate trade volumes. The press release outlines: “The problem has been getting worse with lower quality exchanges (ranked C-F) increasing market share by 30% in the last 12 months, demonstrating the need for a ranking methodology that does not rely on aggregate volumes.” In order to tackle this problem and provide a more reliable insight into exchange ..

Coinbase Card Launches in Six European Countries

Leading U.S. cryptocurrency exchange Coinbase has expanded its card service to six European countries. United States-based cryptocurrency exchange and wallet service Coinbase has launched its Visa debit card in six European countries, CNBC reports on June 11. As of today, cardholders in Spain, Germany, France, Italy, Ireland and the Netherlands will be able to use the cards, which sync directly to their Coinbase accounts. The card comes as both a mobile app for iOS or Android, and as a physical card that can be used to withdraw fiat currencies from automatic teller machines. Coinbase’s new offering purportedly allow users to spend cryptocurrencies they hold at any merchant that accepts Visa cards. Users can decide which cryptocurrency they wish to use to make a payment in the app, while Coinbase subsequently converts the crypto to cash, for a fee. Coinbase U.K. CEO Zeeshan Feroz said, “You can buy groceries on bitcoin (BTC) and then coffee on litecoin (LTC) right after.” The card firs..

Logistics Firm Panalpina Launches Blockchain Pilots in Its Supply Chain

Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing supply chains. Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing of supply chains, according to a press release on June 11. After joining the Blockchain in Transport Alliance (BiTA) in May, Panalpina — one of the world’s largest transport and logistics companies, with consolidated profit of $76.3 million in 2018 — has launched two blockchain pilots in the air and ocean freight field with selected customers. One of the projects will investigate blockchain applications in high-tech industrial goods, and the other will deal with office supplies. Panalpina thus aims to digitize trade documents, store them in a cloud, and deploy blockchain tech to improve processes and reduce costs in the long term. Specifically, the company will use a blockchain-based tracking system to record the flow of imported goods from A..

Beaxy Launches Crypto Trading Platform Despite Hack Last Month

Despite last month’s hack, Beaxy’s CEO says he “couldn’t be happier with the product this incredible team has built.” Beaxy has announced the launch of its cryptocurrency trading platform on June 11 in a press release shared with Cointelegraph. In the release, the company said it was now live in 43 United States states and 185 countries. According to Beaxy, an exclusive partnership with OneMarketData delivers trading capabilities across nine order types, with transaction speeds of 225,000 per second per trading pair. The launch follows two years of development, and the platform says it has more than 60,000 pre-registered users. Separately, in May, Beaxy CEO Artak Hamazaspyan had uploaded a statement to Twitter confirming that the exchange had been hacked on May 22. Although the attackers attempted to steal valuable information, he claimed “no KYC data was compromised, no code was compromised, and no funds were stolen.” In a candid admission, he added: “This was not the first atta..

Visa Launches Global Cross-Border Network Based on Certain Aspects of Blockchain

Visa B2B Connect contains elements of Hyperledger technology in order to transfer more data on cross-border payments. United States’ payment giant Visa has launched a cross-border payment network derived from some aspects of blockchain technology, Reuters reports June 11. The network, called “Visa B2B Connect,” is designed to facilitate international payments made by global financial institutions by enabling direct interbanking transactions between businesses and beneficiaries. According to the report, the network already covers 30 trade channels worldwide to enable faster and cheaper cross-border payments, and is expected to expand to 90 markets by the end of 2019. Visa B2B Connect is partially based on blockchain technology, containing elements of Hyperledger, the open source distributed ledger technology (DLT) developed by a group led by the Linux Foundation, the report notes. Specifically, certain aspects of blockchain tech were reportedly used due to its capability to transfe..
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