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E-commerce Giant Overstock Opens Blockchain R&D Center in Ireland

E-commerce giant Overstock’s new blockchain R&D center opens in Ireland and is expected to make its 100th local hire before the end of 2019. E-commerce giant Overstock has opened a blockchain Research and Development (R&D) center in Ireland. According to a press release published on Oct. 9, the firm’s new R&D center is located in “IDA’s flagship North West business park in Sligo” and is expected to make its 100th Irish hire before the end of 2019. Currently it employs 80 technologists. Over $1 million investedPer the release, the move has cost the company over €1 million ($1.1 million). Overstock vice-president and site lead David Kenny added: “We’re absolutely delighted with our new home and getting all our teams back under one roof. It further validates Overstock’s choice of the North West as a great place to do business and build high performance software development teams. The combination of a diverse career path, a cutting edge tech environment and a great work life balance has r..

Andreessen Horowitz Opens School Focused on Crypto Startups

Venture capital firm Andreessen Horowitz is opening a school specializing in startups aiming to develop cryptocurrency-related projects. Venture capital firm Andreessen Horowitz (a16z) is opening a school specializing in startups aiming to develop cryptocurrency-related projects. Andreessen Horowitz unveiled its Crypto Startup School in an announcement on Oct. 3, saying that it intends to “encourage more tech entrepreneurs to start crypto projects and help crypto-curious builders navigate the idea maze.” Referring to the so-termed idea maze, the company addressed the importance of good ideas for startups industry, which are eventually “well developed, multi-year plans that contemplate many possible paths according to how the world changes.” Commenting on the initiative launch, Chris Dixon, a general partner at Andreessen Horowitz, told The Block that the school will be free of charge, adding: “We are going to run a startup school for crypto-specific startups and what we’ve learned ove..

Binance.US Opens Account Registration for Puerto Rico Residents

The United States-based branch of cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico. The United States-based branch of major cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico. According to an official announcement published on Sept. 30, Puerto Rico residents have the same levels of access as U.S. residents from those states already permitted to use the platform. The launch of Binance.USAs reported, Binance.US went live on Sept. 24, offering 13 fiat-to-crypto and crypto-to-crypto trading pairs. These include major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and the Tether (USDT) stablecoin. Just as with its U.S. state launch, Binance.US is offering Puerto Rican users zero trading fees until Nov. 1. Know Your Customer measures stipulate that all users of Binanc..

Rep. Waters Opens Libra Hearing With Indictment of Facebook’s Past Mistakes

The chair of the House Financial Services Committee opened today’s hearing on Libra by noting Facebook’s past mistakes. Today, lawmakers on the United States House of Representatives Financial Services Committee are meeting to discuss the possible effects of Facebook’s proposed Libra cryptocurrency project on the financial system. As a Cointelegraph respondent reports on July 17, committee chair Rep. Maxine Waters has opened the hearing with an indictment of Facebook’s past behavior. In her statement, Waters said that there was a, “demonstrated pattern of failing to keep consumer data private on a scale similar to Equifax.” Waters also stated that Facebook, “allowed malicious Russian state actors to purchase and target ads,” which purportedly influenced the 2016 U.S. presidential elections. Waters also emphasized that the committee will be discussing the “Keep Big Tech Out of Finance Act.” A draft of the bill recently surfaced, the goal of which would prevent large tech companies lik..

Former Bitmain CEO Opens New Cryptocurrency Startup

Bitmain co-founder and former CEO Wu Jihan launched his crypto-related financial services startup Matrixport today. The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8. Following reports on the initiative in early June, Bitmain co-founder and former CEO Wu Jihan officially launched a new crypto trading platform today that purportedly offers over-the-counter (OTC) trading, lending and custody. Named Matrixport, the Singapore-based firm reportedly hired dozens of former Bitmain employees that were laid off from Bitmain as a result of the bear market of 2018. While Wu is a major Matrixport shareholder, the company has a number of global venture capital firms as investors, including Bitmain itself, the firm’s CEO and Bitmain shareholder Ge Yuesheng revealed. Ge added that Matrixport will officially announce more details about the company’s funding later on. I..

Crypto Trading Platform OKCoin Expands Its Services and Opens Office in...

Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta. Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and withdraw euros, as well as participate in euro spot trading for cryptocurrencies such as bitcoin (BTC), ether (ETH), and bitcoin cash (BCH). Per the post, the exchange is planning to add more euro digital asset pairs in the future. Apart from expanding its trading, OKCoin has opened an office in Malta in the blockchain accelerator and hub dubbed chiliZ Blockchain Campus. The new office will operate in compliance with the Virtual Financial Asset Act, regulated by the Malta Financial Services Authority. Jovan Gavrilovic, general manager of Europe at OKCoin, said: “Europe is essential to the evolution of the cryptocurrency markets. It is home to many pr..

Nordic Banking Giant Nordea Opens Blockchain Trading Platform to More Clients

Nordea is expanding its blockchain-based we.trade platform to small and medium-sized enterprise clients. Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs), according to a press release on May 9. The platform will purportedly help address trust deficits extant in current cross-border trades made by SMEs. Patrik Zekkar, Global Head of Trade Finance and Working Capital Management at Nordea, explained: “Almost 60 percent of the SME’s said that they have to make advance payments so there is obviously a sense of insecurity surrounding cross-border trade. This is unfortunate, not only from a liquidity standpoint, it may also lead to companies refraining from trading and not growing.” Through the we.trade platform, users can select certain events within a smart contract that will trigger a payment to another party. We.trade is a joint project of 12 different banks includ..

Turkish University Opens Blockchain Center at Boston’s Northeastern University

Turkish Bahçeşehir University has reportedly opened a blockchain center at Boston's Northeastern University to provide informational support on the technology. Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston's Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7. Apart from informational support, the BAU–NEU Blockchain Laboratory's objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey's presence in the blockchain market and attract specialists in the field. Commenting on the cooperation, Chair of the BAU Board of Trustees Enver Yücel said that he would also like to start blockchain-related master and doctoral education programs in partnership with the Turkish Exporter's Assembly. Bora Erdamar, director of BAU’s BlockchainIST Center, added: "[Blockchain] will directly change all sectors from logistics to tr..

China’s First Blockchain-Enabled Notary Opens Office in Beijing

China’s first blockchain-enabled notary has reportedly opened its offices in Beijing. China’s first blockchain-enabled notary has opened offices in Beijing, local media People reported on April 19. Per the report, the service opened last Friday at the Beijing CITIC Notary Office. The head of the office reportedly stated that the development marks the beginning of the blockchain notary service era. During the launch event, the director of the Beijing CITIC Notary Office Wang Mingliang noted that he believes that blockchain-based notarization has both the value of notarization and legal significance of blockchain certification. Hu Jiyu, a professor at the School of Business of China University of Political Science and Law, is also quoted stating that blockchain has the advantages of low cost, high efficiency and stability. The newly implemented system purportedly allows the certificate holder to verify the contents of the document by scanning a code. Blockchain integration in the notary..

Global IT Firm Cisco Systems Opens Tech Development Center in Singapore

International tech and IT firm Cisco Systems has opened a research center for new technologies, including blockchain, in Singapore. International tech and IT firm Cisco Systems has opened a Co-Innovate Center in Singapore, the Bangkok Post reports on Feb. 25. Cisco CTO Dave Ward reportedly said that the new center — there are 14 worldwide — will help stimulate the development of new technology in the region. The branch in Singapore will purportedly concentrate on cybersecurity, the Internet of Things (IoT) and blockchain technology. The IT firm will reportedly offer various prototypes and display potential applications of new technology in different commercial contexts, as well as in public administration and education. The center will purportedly showcase the Rotterdam Project, in which various aspects of port operation including vehicles, cargo, cranes, rails and water levels are fully automated by 2023. Ward reportedly said that the same technology could be used in developing port..
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