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Finance publication Forbes has released a list of 50 $1 billion firms that are implementing blockchain technology. Financial news outlet Forbes has released a list of “Blockchain’s Billion Dollar Babies,” or companies implementing blockchain technology that have minimum revenues or valuations of $1 billion, on April 16. The list includes companies in the cryptocurrency and blockchain development spaces, in addition to traditional financial firms like banks and clearing houses, food companies, supply chain management firms and others. Most of the companies listed are household names like Amazon, Walmart, Facebook, ING, Mastercard, Microsoft and Nestle. Cryptocurrency-related companies featured on the list include United States-based cryptocurrency exchange Coinbase, European mining and hardware firm Bitfury, and blockchain-based financial services network and XRP token creator Ripple. In addition to noting major firms that are dabbling or full-on adopting blockchain technology, the lis..
Ernst & Young has released a new version of its blockchain analyzer and zero knowledge proof protocol. Big Four auditing firm Ernst & Young (EY) has released two new blockchain developments, a new version of its Blockchain Analyzer and a zero knowledge proof protocol. The company revealed the products in two separate press releases on April 16. EY has launched the second generation of its analytics tool EY Blockchain Analyzer. While the first generation of the product was available to only EY audit teams facilitating gathering companies’ entire transaction data from multiple blockchain ledgers, the upgrade made the analyzer accessible for EY teams and non-audit customers as a business application. Paul Brody, EY Global Innovation Leader for blockchain, said that the company intends to build a platform solution that can be deployed for various purposes, including audit, tax and transaction monitoring. The new version of the analyzer will support tax calculation for crypto assets from t..
CoinMarketCap’s new mobile app versions will allow for price tracking and setting price alerts. Crypto data tracker CoinMarketCap has released a new version of its app for iOS and its first Android app today, April 16, with added features for price tracking and user accounts. According to the website, the mobile app will include candlestick charts, daily historical open-high-low-close chart data and the option for setting price alerts on all cryptocurrencies available on CoinMarketCap. In order to use the app, users will have to make a CoinMarketCap account and log in. The app will also allow users to follow news from various media outlets, as well as compare cryptocurrency prices with other cryptos. Last August, CoinMarketCap had launched a professional, paid API targeting developers and funds, which tracks crypto-based derivatives markets, with support for futures, options and over-the-counter exchanges for a monthly fee. In March, the crypto data tracker announced that they would b..
ING bank introduced its new DLT privacy tool Bulletproofs as an extended technology for previous zero-knowledge proof developments. Dutch global banking and financial services corporation ING introduced its new cryptographic blockchain development called Bulletproofs, according to an announcement on Feb. 7 Bulletproofs represents an extended technology for ING’s previous blockchain privacy-focused developments such as zero-knowledge range proof (ZKRP) and zero-knowledge set membership (ZKSM). ING bank first launched ZKRP in November 2017, enabling market participants to maintain anonymity in a transaction while still confirming its accuracy. For instance, the tool allowed a mortgage applicant to prove their salary within a certain range without revealing the exact figure. As an improved version of ZKRP, ZKSM was released in October 2018, purportedly providing a more powerful code to validate certain alphanumeric data without revealing contextual details in order to protect the overall..
The EU Blockchain Observatory & Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI.” The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The report notes that blockchain would play a key role in this digital transformation by providing trust and allowing the identification and tokenization of physical objects. Blockchain-based smart contracts also play their part, the report argues, by providing a tamper-proof computational en..
Major web browser Opera is releasing a new browser with a built-in cryptocurrency wallet and Web 3 explorer. Major web browser Opera is releasing a new browser with a built-in cryptocurrency wallet. The development was announced in a press release shared with Cointelegraph on April 9. Opera’s new browser Opera 60 (codenamed Reborn 3) features a native cryptocurrency dubbed Opera Wallet and a Web 3 explorer, which enables users to conduct transactions and interact with the blockchain-based internet, also known as Web 3. The browser also provides a virtual private network (VPN) feature in a bid to enhance users’ privacy and security. The Opera Wallet purportedly synchronizes with the cryptocurrency wallet in the Opera browser for smartphones, so that wallet keys never leave the users’ smartphones. The release further explains: “In practice, whenever they need to identify themselves to a Web 3 website or sign a transaction on the blockchain, users get a notification on their smartphone. ..
The World Economic Forum released a report about blockchain cybersecurity. The World Economic Forum (WEF) released a report about blockchain cybersecurity on April 5. The report points out that most data breaches do not result from the level of skill of the hackers, but instead happen because appropriate security measures often are not implemented. The WEF further claims that while attackers do compromise blockchains themselves, they much more often try to exploit or compromise their deployment. The WEF references the data breach of retail giant Target, which lead to both the CEO and chief information officer being fired, also mentioning that the director of the United States Government Office of Personnel Management and the co-chairman of Sony Pictures Entertainment were forced to resign after a different data breach. With the above in mind, the WEF notes that leadership plays a role in the security of a blockchain. The report states that cybersecurity should be recognized as a core ..
Radar, the startup behind decentralized exchange Radar Relay, announced that it will release new Lightning Network developer tools. Radar, the startup behind decentralized exchange Radar Relay that raised $10 million last year, announced that it will release new Lightning Network developer tools. The statement was made in a Medium post published on April 5. The developer tools, which will be released at the Lightning Network hackathon sponsored by the company, Boltathon, include a node configuration helper, a tool for opening channels and requesting channels, an invoice sandbox for test and an invoice decoder. The tools will be accompanied by setup tutorials, software recommendations and configuration guides for connecting through anonymity network Tor and accessing unreleased features. The tools and educational material above are part of the company’s Radar ION initiative, which aims to bring new users to the Lightning Network. The Lightning Network is a cryptocurrency scalability so..
The U.S. SEC has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s ICO are not securities. On April 3, the United States Securities and Exchange Commission (SEC) has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s initial coin offering (ICO) are not securities. In the letter, the regulator specifies that it considered that the platform will be fully developed and operational at the time the tokens are sold, and the funds won’t be used to develop the platform. It also mentions that the tokens will be immediately usable and have been marketed for their utility, not potential profits. Other reasons cited are that the price of the tokens during the sale will be fixed at one dollar, each token will be granting one dollar worth of service and that the company will only purchase them at a discount unless a court orders it to liquidate them. The SEC also notes that since TKJ transfers will ..
Blockchain development company Lightning Labs announced the initial release of Lightning Network offramp Lightning Loop. Blockchain development company Lightning Labs has announced the initial release of the Lightning Network offramp Lightning Loop in a post on its blog published on March 20. Per the announcement, the software provides a non-custodial way to receive funds through the Bitcoin (BTC) scalability solution Lightning Network, through on-chain settlement with the “Loop Out” function. The Loop Out function attempts to solve an issue which can affect Lightning Network users. The post explains that, after having received a certain amount via the Lightning Network, users can sometimes not receive more until he or she moves the funds on-chain, which can be done with the Loop Out feature. Since the solution is non-custodial, the funds can be moved onto any chosen address such as an exchange, a hot wallet, a cold wallet or a crypto-to-fiat service. The announcement specifies that f..