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Israel’s first dedicated crypto investment firm for institutional investors has launched two new funds this month, and expects to have $50 million in AUM by the end of 2018. Israel’s first dedicated crypto investment firm for institutional investors, Silver Castle Ltd., has launched two new crypto funds this month, Bloomberg reported Nov. 18. The firm – whose high-profile lineup includes the former CEO of Israel’s largest bank, Bank Hapoalim, as well as the founder of the country’s largest investment fund, Psagot Ofek – reportedly expects to have $50 million in assets under management (AUM) by the end of the year. As Bloomberg notes, global competition is fierce for crypto investment funds today, with over 370 crypto-focused funds with as much as $10 billion in AUM collectively, citing data from Autonomous Research. Silver Castle CEO Eli Mizroch told Bloomberg that the fund has been focused on building “very, very high security” infrastructure to provide institutions with exposure to ..
Cryptocurrency project TRON has announced an accelerator program to support developers building decentralized apps on the TRON protocol. Decentralized Internet project TRON (TRX) is launching a $1 million accelerator program to support developers building DApps and products on the TRON protocol, according to a press release shared with Cointelegraph Nov. 16. The initiative aims to facilitate consumer adoption of blockchain technology through TRON’s ecosystem following the recent acquisition of peer-to-peer file sharing service BitTorrent, Project Atlas, and payment service Poppy app. TRON’s protocol currently processes more than one million transactions and 600,000 wallets. The startup will purportedly accept submissions to its accelerator through December, while the winners will be announced at TRON’s first international summit in January. In October, TRON and China's largest Internet search provider Baidu announced they will cooperate on cloud computing resources. The partnersh..
Bilbao, the largest city in northern Spain, launches a €150,000 tender to create an inter-institutional public blockchain based on Ethereum. Bilbao, the largest city in northern Spain, has launched a €150,000 (around $171,000) tender to develop a blockchain for public services, Bilbao’s municipal authorities announced Monday, Nov. 12. Officials of the largest city in Basque country want to create a decentralized platform, designed to allow one to act with “power of attorney” online. The deadline to apply for the tender is set on Nov. 23. A company that will be awarded the contract has to develop the blockchain network within six months. According to the technical description of the tender, the winning company should build a network similar to EJIE — a digital platform owned by the Basque country’s government. EJIE, in its turn, operates on JPMorgan’s Quorum, a distributed ledger and smart contract platform designed for financial needs and based on the Ethereum (ETH) blockchain. By usi..
Oxfam wants to use smart contracts and blockchain to ensure better conditions for Cambodian rice producers. International charity Oxfam officially launched its BlocRice blockchain supply chain solution for Cambodian rice Nov. 15, Cambodian daily media outlet Khmer Times reports. BlocRice, which aims to use smart contracts to provide transparency and security between rice growers and purchasers in the Netherlands, has been under development and should expand to 5,000 farms by 2022, the outlet notes. “The project aims to test blockchain technology and its smart contracts, a digital 3-way contract farming arrangement between primary producer, Cambodian rice exporter and retailer in Europe, to improve farmers’ livelihood and their supply conditions,” an information brochure from Oxfam explains. The increased automation and visibility of individual farmers should in turn allow them to set higher prices and avoid economic disadvantages. “BlocRice promotes the use of such digital contracts a..
Crypto exchange operator OKCoin launches services in Argentina, trading national fiat peso in pairs with several major cryptocurrencies. OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.” OKCoin has also revealed its plans to extend its services all over Latin America, adding other local fiats to the list “in the coming months.” The company also revealed its plans to open an office in Buenos Aires in the near future, building up a team to support development in the region. As of press-time, OKEx, a global service based in Hong Kong..
The prestigious State Tretyakov Gallery in Moscow is launching a blockchain-based art patronage scheme. The prestigious State Tretyakov Gallery in Moscow, Russia, is launching a blockchain-based art patronage scheme, Russian news agency TASS reports Nov. 15. The project, dubbed “My Tretyakov,” allows individuals or enterprises to make a private donation to contribute to the digitization of an item from the gallery’s collection, thereby become the artwork’s patron. The system, developed with business innovation collective RDI Digital, uses blockchain technology to assign and manage the patronage structure. According to a press statement from the gallery: "The donation amount is still under discussion. The system randomly selects which storage unit (electronic copy of an object of art) will be considered digitized using this cartridge, and links the name to the object. The connection of the name or company name to the digitized exhibit is fixed using blockchain technology[.]” A presenta..
A South Korean Province is set to launch a “Blockchain Special Committee” with the goal of creating a new blockchain hub in the region. The government of South Korea’s Gyeongbuk province has launched a “Blockchain Special Committee” with the goal of creating a blockchain hub in the region, local media outlet Daily News reported Nov. 14. North Gyeongsang Province, also known as Gyeongbuk, plans to create a blockchain hub, inviting 40 domestic and foreign experts in the industry to consult on the project. Lee Cheol-uoo – a former member of the National Assembly of South Korea and current governor of the province – explained to local media the aims of the newly established committee as attracting investment for blockchain related businesses in the region. He also noted: "In order to nurture the blockchain industry, we will work with the special committee, composed of domestic and international experts, to preemptively respond and establish strategies." The Committee’s establishment is no..
The Chinese city of Loudi in Hunan province launches a real estate blockchain platform backed by local land, tax and real estate departments. The Chinese city of Loudi has launched a blockchain platform to store real estate data, the Chinese Communist Party’s official newspaper, People’s Daily, reports Nov. 13. The platform is backed by land, tax and real estate departments in the city, which is located in central Hunan province. Starting Nov. 15, the new system will let citizens avoid lines and other bureaucratic processes when submitting documents to the above-listed departments, the newspaper states. Also today, the first real estate electronic voucher was issued in the city via the new blockchain-based system. China is among the countries actively adopting blockchain technology on both the public and private levels. In September, the People's Bank of China (PBoC) announced the “Guangdong, Hong Kong and Macao Dawan District Trade Finance Blockchain Platform,” which aims to pro..
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sponsored A new crypto game sees players send their warriors into battle to gain experience and rare artefacts, with strategy and skill key ingredients to their success. Crypto games are all the rage right now – but for all of the talk about collectibles one blockchain startup says there’s a key element which is being overlooked: skill. Ether Kingdoms believes gamers want more than an opportunity to collect virtual assets – and it has created an “exciting and engrossing game that can make real money for the player.” At the heart of its universe are imps – “the kingdom’s main workers and warriors.” They can go mining for IMP tokens – with one IMP equal to a warrior under your command. Each imp has distinctive characteristics, and gamers can send them into battle against other players if they wish. Victory means they will walk away with some of their imps. Rare and desirable artefacts are available throughout the game, and these have the potential to make the imps stronger – giving pla..