Germany: CDU and CSU Union to Integrate Blockchain Into Public Services June 25, 2019

In Germany, the CDU and CSU Union wants to integrate blockchain technology into public services, Cointelegraph Deutschland reported on June 25. The CDU and CSU Union represents the centre-right Christian democratic political alliance of two parties in Germany, the Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU). In the original announcement […]

Exclusive: New Report Reveals Details of Telegram’s TON Blockchain June 14, 2019

A new report on the Telegram Open Network (TON) by Russian research agency Aton — published today, June 14, on Cointelegraph — reveals new details about one of the most anticipated projects in the crypto space. TON is a blockchain platform developed by encrypted instant messaging service Telegram, which is widely regarded as one of […]

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm June 12, 2019

United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly use the funds to improve its blockchain-based platform Spring Protocol and develop three new fraud protection products that are designed to combat fraud in the auto financing […]

Life of Luxury: Fashion Turns to Blockchain June 8, 2019

Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market. Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods. Luxury brands trial blockchain Although many products in the […]

Velocity Ledger Technology Launches Testnet and Blockchain API in Bermuda May 28, 2019

Bermuda-based fintech firm Velocity Ledger Technology (VLT) has launched a testnet and blockchain API for trading digital assets in Bermuda, according to a press release shared with Cointelegraph on May 28. VLT is reportedly letting users develop digital asset applications with their blockchain viewer and web portal, if they are granted early access to the […]

‘Blockchain Is Really Democratizing a Lot of Things,’ Interview With Marta Piekarska, Director of Hyperledger’s Ecosystem May 21, 2019

This interview has been edited and condensed. Hyperledger, an open source project, was created in 2016 by the Linux Foundation in order to support the development of blockchain-based distributed ledgers. All the members of Hyperledger — including such major actors as Intel, Accenture, JPMorgan Chase, Hitachi, Fujitsu, Alibaba Cloud, Citigroup, Deutsche Telekom and many others […]

Blockchain as Key to Vienna’s Digital Future — Interview with Ulrike Huemer, CIO of Vienna, Austria May 18, 2019

Austria is Europe’s leader in terms of applying modern day technology to better the all-around welfare of its citizens. Making cities “smart” and digital is a key part of transforming public goods and services in order to reach that goal. Vienna is especially keen on innovation, trying to find new solutions by way of digitization. Easy […]

Blockchain Sister Startups Allegedly Pull $8 Million Exit Scam May 16, 2019

Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16. RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 […]

US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case May 11, 2019

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10. Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and […]

Overstock’s Blockchain Arm Receives $5 Mln From Chinese Firm Following Delays May 9, 2019

Overstock’s blockchain subsidiary tZero has finally secured a $5 million investment from Chinese investment firm GSR Capital, Overstock announced on its latest earnings conference call on May  9. Following an investment in cash and marketable securities, Overstock evaluated tZero’s worth at $1 billion, which is $500 million less than the company initially projected in August […]

JPMorgan Chase Senior Executive Becomes CEO of Blockchain Precious Metals Firm April 30, 2019

Blockchain-powered precious metals platform Tradewind has appointed an ex-JPMorgan Chase executive as its new CEO, the company confirmed in a press release on April 30. Michael Albanese, who previously worked as the bank’s Global Head of Agency Collateral Management and Global Head of Securities Clearance, will take over Tradewind’s operations immediately. Those currently include the […]

IBM to Apply Blockchain Tech to Lenovo’s Data Centers April 25, 2019

American global tech giant IBM signed a new agreement with Chinese PC maker Lenovo to apply blockchain in Lenovo’s customer service, according to a press release on April 25. IBM, а top global developer of blockchain patents after Alibaba, will apply blockchain technology in the customer service processes at Lenovo’s Data Center Group. Specifically, Lenovo […]

Blockchain Browser Brave to Reward Users with BAT Tokens for Watching Ads April 24, 2019

Decentralized browser Brave has launched Brave Ads, an option that enables its users to earn rewards for watching advertising. The development was announced on Brave’s website on April 24. The announcement reads that users of Brave — which is an open-source blockchain-powered browser that blocks ads and website trackers — can now receive 70% of […]

‘Blockchain Bandit’ Has Stolen 45,000 ETH by Guessing Weak Private Keys, Report Claims April 23, 2019

A “blockchain bandit” has managed to amass almost 45,000 ether (ETH) by successfully guessing weak private keys, according to a report released by Independent Security Evaluators on April 23. Adrian Bednarek, a senior security analyst, said he discovered the sophisticated hacker by accident. While guessing a private key is meant to be a statistical improbability, he managed to […]

Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain April 16, 2019

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12. The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded […]

Russian Gas Giant Gazprom to Use Blockchain in Gas Supply Agreements April 4, 2019

The Russian prime minister has welcomed an initiative to use blockchain in agreements over gas supplies by the country’s state-owned gas giant Gazprom, local finance news outlet Vestifinance reports on April 4. The news agency operates under Russian Television and Radio Broadcasting Company (RTR), a major TV channel. The head of Russia’s state-owned gas giant […]

Blockchain-Based Diamond Exchange Cedex to Start Trading Diamonds Worth $50 Million March 28, 2019

Blockchain-enabled diamond exchange Cedex has secured more than 6,000 diamonds worth over $50 million that will be traded on its platform, Finance Magnates reported on March 27. Per the report, citing a press release from the firm, the supply is meant to ensure that traders have a sufficient variety of options from the launch of […]

Ex-NATO Secretary General Bullish on Blockchain as He Partners With Swiss Startup March 21, 2019

Swiss blockchain identity network Concordium has hired former Danish prime minister and NATO secretary general Anders Fogh Rasmussen as a strategic advisor, the company confirmed in a press release on March 20. The Concordium Foundation, the controlling entity behind the Concordium Network that launched a proof of concept in January, aims to tackle blockchain deployment […]

BitGo Launches Custody for Blockchain Capital’s Security Token BCAP March 19, 2019

Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token, according to a press release shared with Cointelegraph on March 19. Blockchain Capital’s BCAP token is a security token based on the Ethereum (ETH) blockchain that was launched in a $10 million initial coin offering (ICO) back in April 2017. […]

Google Deletes Crypto Malware Targeting Blockchain.com, MyEtherWallet Users March 15, 2019

A Google Chrome browser extension tricking users into participating in a fake airdrop from cryptocurrency exchange Huobi claimed over 200 victims, a security researcher reported in a blog post on March 14. The extension for Chrome web browser, with the name NoCoin, gained 230 downloads before Google deleted it, according to Harry Denley, who runs […]

Republican Leader McCarthy Proposes Blockchain Transparency in Government March 14, 2019

Kevin McCarthy, the Republican leader of the U.S. House of Representatives, has called for an exploration to see if blockchain can make the U.S. government more efficient and transparent. In a speech before the Select Committee on the Modernization of Congress on Tuesday, McCarthy said that blockchain is “revolutionizing” the security of the financial industry […]

From Stablecoins to Blockchain Trials: Japanese Players Are Going Crypto as the Local Government Is Overseeing the Market March 5, 2019

The beginning of the year was particularly eventful for the Japanese crypto ecosystem, which is generally considered to be a major part of the industry. First of all, Japan’s Central Bank (BoJ) issued a study on the role of central bank digital currencies (CBDCs) in the current monetary system, a topic that was widely discussed […]

Blockchain in Health Insurance: More Accuracy, More Transparency and More Efficiency February 21, 2019

The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that’s received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375 […]

Chinese Tech Giant Baidu Launches Blockchain OS to Support DApp Development February 14, 2019

Chinese search engine and web services company Baidu has launched its Baidu Blockchain Engine (BBE), an operating system designed to facilitate decentralized application (DApp) development. The news was officially announced by Baidu’s cloud computing unit, Baidu Cloud, on Feb. 14. Baidu Cloud states that it considers an open source, commercialized platform to be “the only […]

Bithumb Partners With Blockchain VC Firm Nvelop to Launch Exchange in UAE: Report February 12, 2019

South Korean cryptocurrency exchange Bithumb will open a new platform in the United Arab Emirates (UAE), local news outlet The Financial News reported Feb. 12. The UAE-based platform is reportedly to be developed in partnership with Abu Dhabi-based firm Nvelop and will function as a springboard for Bithumb to expand into other countries in the […]