The “wrapped bitcoin” token was developed by BitGo, Kyber, and Republic Protocol. A consortium of cryptocurrency companies are bringing a bitcoin-backed ERC 20 token to the Ethereum platform in an effort to “bridge Bitcoin liquidity and the decentralized ecosystem on Ethereum, enhancing all decentralized applications,” according to an October 25 press release. The development of […]
ADM, Bunge, Cargill, and LDC haven’t identified a platform yet, but one of them has experience using blockchain technology for agricultural trading. Archer Daniels Midland Company (ADM), Bunge Ltd, Cargill Incorporation, and Louis Dreyfus Company (LDC), known as the ABCDs of global grain trading, are investigating blockchain to improve efficiency and transparency for customers. The […]
The Reserve Bank of India agrees that cryptocurrency regulations should be left to government policymakers. The Supreme Court of India has asked the country’s government to provide an official opinion regarding cryptocurrency within two weeks, according to an October 26 article published in the Indian newspaper The Economic Times. According to the article, the court […]
Sony ups the cold storage game, Binance publicizes charitable contributions, and more legal drama in Plattsburgh and India. Here is some of what’s happening for Thursday, October 25, 2018: Sony Developing Contact-less Hardware Wallet Sony Computer Science Laboratories, Inc, has announced the creation of a contact-less hardware wallet, per a press release published Tuesday. The […]
October 25, 2018 10:48 PM Germany’s central bank and the operator of its stock exchange – one of the largest securities trading centers in the world – have successfully performed a pilot of securities settlements using blockchain technology. Deutsche Bundesbank and Deutsche Börse Group, long-time collaborators in the development of financial market infrastructure, partnered in […]
October 25, 2018 11:42 PM The purpose of Buidler is to make developers’ lives easier. Earlier this month, Nomic Labs won a $50,000 Ethereum Foundation grant to work on Buidler. The idea is that the current tools available to developers of EDCCs (aka smart contracts) on the Ethereum blockchain are “unreliable” and “rigid,” which leads […]
Coinbase adds custody services, Japan lets its crypto association self-regulate, and the HTC Exodus only takes crypto. New York Authorizes Coinbase to Create Crypto Custody Trust Per an announcement Tuesday, the New York State Department of Financial Services (NYDFS) approved an application from Coinbase to operate a crypto custody trust. The trust, the Coinbase Custody […]
October 24, 2018 10:40 PM The Aurora exchange’s latest move has drawn some ire. Aurora, which identifies itself as a decentralized crypto-banking platform, tweeted yesterday that its IDEX exchange will start to block orders from New York users on Thursday, October 25. Although the company has not officially announced why it will block the state’s […]
October 24, 2018 10:25 PM The race is on to bring blockchain development to every enterprise. Alibaba has extended its cloud blockchain-as-a-service (BaaS) product to include Southeast Asia, the US, and Europe. Alibaba Cloud’s BaaS is already available in China, having launched in August 2018, and Alibaba says it already has a proven track record […]
SBI continues to take cryptocurrency seriously, becoming the first Japanese bank to create its own cryptocurrency exchange. The exchange will initially only offer XPR, the currency of its collaborator, Ripple. UPDATED | October 23, 2018: On October 22, blockchain security startup Sepior ApS announced a collaboration with SBI Group to develop a “proprietary wallet to […]
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