Chainstack, a Singapore-based multi-cloud and multi-protocol Platform as a Service using decentralized networks, has joined the Blockchain in Transport Alliance (BiTA). BiTA is involved in determining best practices in the transportation, logistics, and supply chain marketplace using blockchain. Supply Chain Platform Chainstack Joins World’s Largest Commercial Blockchain Alliance The world has spent the last few years…
During a U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing earlier today, senators and crypto industry experts commented on the industry at large. As you might expect from a hearing on such potentially disruptive technologies, a variety of different views were expressed, both positive and negative. Senate Banking Committee Hears of Innovative Potential,…
American economist and chairman of economic consultancy firm Roubini Macro Associates LLC, Nouriel Roubini, is keeping his earned nickname of “Dr. Doom” intact, providing an incredibly bearish report on cryptocurrencies and Bitcoin in front of the U.S. Senate today. Cryptocurrency is the “Mother of All Scams and Bubbles” Dr. Nouriel Roubini, who has earned the…
Some of the largest startups in South Korea with over 10 million users are turning to the blockchain. “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. Baedal Minjik, for instance,…
In an effort to bring their members up to speed about the goings on in the financial world, the AARP has published a list of Wall Street definitions. Amongst the different terms defined by the U.S.-based interest group are “Bitcoin” and “blockchain.” Is the AARP Glossary Meant to Educate or Entertain Readers? The group formerly…
Switzerland has yet again proved its strong support for crypto. The country’s financial regulator FINMA has granted the same license as professional fund managers to a Zug-based startup, Crypto Finance AG. Crypto Finance Can Now Manage and Distribute Foreign and Domestic Funds With the license, Crypto Finance AG gets the status of an asset manager…
South Korea is leading an example of being the world’s most hospitable regions for crypto and blockchain entrepreneurs. The world’s eleventh-largest economy has committed a $100 million fund to develop its capital Seoul as a center of blockchain innovation. Park Won-soon, the third-time governor of Seoul, during his visit to Switzerland’s Zug last week, revealed that…
The city of Dubai has plans to launch its own digital currency. Emcash will be rolled out in the coming years and is being made possible by a state-backed firm called emcredit. Emcash to be Launched Later This Year, Pending Full Approval Those living in Dubai will soon be able to make payments for a…
2018 has been a rocky year for Ethereum. The virtual currency’s price crossed $1400 in January, and it bottomed below $170 in September. Despite the significant price plunge, Ethereum continues to remain popular among developers, as it can be witnessed from the participation drawn by a hackathon in San Francisco. It was revealed that 1,000…
Crypto industry has received an unusual amount of funding this year from investors. And a prominent venture capital investor thinks it is a big deal. Garry Tan, an early stage investor with companies like Coinbase and Instacart in his portfolio, commented on the growing amount of institutional money that is flowing into crypto-funds. He stated that he…