Michel Rauchs, CCAF: On Libra, Bitcoin power consumption, and learning from history

Of all the emerging technologies set to transform business processes, blockchain stands on its own for a variety of reasons. Whereas many – 5G, cloud, augmented reality – are the next iteration of what has come before, blockchain stands alone.

As a result, it’s difficult to rely on past laurels. Those at the sharp end need to have interests and expertise in a variety of specialisms, from computer science, to economics, to geo-politics.

Michel Rauchs (left)...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

体育投注在线Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

体育投注在线As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Riot Blockchain to scrap crypto exchange and further pursue mining

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

体育投注在线The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

The greater move to mining has been coming, with Riot recently...

Mastercard, Binance X and Xpring join Blockchain Education Alliance in ‘significant’ move

The Blockchain Education Alliance has announced the joining of several new members, including Mastercard, Binance X, the innovation arm of major crypto exchange Binance, Ripple's accelerator Xpring and cryptocurrency exchange KuCoin.

体育投注在线Other members to join the Alliance are smart contract platform NEO, IoT startup IoTeX, blockchain security firm Quantstamp and big data blockchain service Constellation Labs.

The Blockchain Education Alliance was launched in October 2019 by...

Dubai Multi Commodities Centre to launch ‘crypto valley’ ecosystem

Dubai Multi Commodities Centre (DMCC), the Dubai government authority on commodities trade and enterprise, has announced the launch of its own Crypto Valley ecosystem in a partnership with CV VC and CV Labs.

体育投注在线Under the agreement, announced at Davos earlier this month, the entities will be launching what is claimed to be the world’s largest ecosystem for cryptographic, blockchain, and distributed ledger technologies.

体育投注在线The DMCC Crypto Valley, which aims to foster...

Binance acquires Chinese blockchain data startup DappReview

Binance has announced that it has acquired DappReview, a blockchain data startup based in Beijing.

体育投注在线DappReview also offers data-driven research and advertising services blockchain-based decentralised applications (Dapps).

体育投注在线As reported by Coindesk, in an interview, Viktor Radchenko, founder at Binance's Trust Wallet said: “The acquisition of Beijing-based DappReview will help the world's leading exchange by volume to further develop its existing dapps and create new...

SecuX launches crypto POS payment ecosystem to complement hardware wallets

Meet SecuX. The company, a provider of blockchain-based security solutions based in Taiwan since 2018, has expanded its offering with the launch of a cryptocurrency point of sale (POS) payment ecosystem.

The launch, which was made exclusively at Blockchain Expo North America yesterday, means the company moves beyond its previous product line around hardware wallets. Attendees were able to see a demonstration of the POS system and how users can pay using the app on either vending...

Analysing China’s about turn on blockchain – and what could come next

体育投注在线The past week has seen various significant developments in terms of how blockchain technologies will be perceived and developed in China.

体育投注在线On October 25, it was reported that Chinese President Xi Jinping had described the technology as an ‘important breakthrough’, with more developments needed to accelerate the sector, as well as greater interoperability between blockchain technologies, artificial intelligence (AI), and the Internet of Things (IoT).

Xinhua, China’s...

Mastercard, Visa, eBay and Stripe leave Facebook’s Libra: What happens from here?

体育投注在线Updated For Facebook to lose one payments provider, to paraphrase Oscar Wilde, is a misfortune; to lose two looks like carelessness. Yet over the weekend Facebook lost four companies who had signed up to its Libra cryptocurrency project – with the vast majority in the payments space.

体育投注在线On Friday, they fell like dominoes as Mastercard, Visa, eBay, and Stripe all pulled out. The Financial Times first reported eBay’s exit, while Bloomberg editor Joe Weisenthal first noted the...

Wells Fargo plans to pilot DLT-powered internal settlement service

体育投注在线Wells Fargo is planning to pilot its new internal settlement service ‘Wells Fargo Digital Cash’, which will run on the company’s first DLT platform.

The service enables the company to complete internal book transfers of cross-border payments within its international network using digitised cash, which will be exchanged among the network.

The company has so far successfully proven the concept of moving value between the US and Canada. The internal DLT network will...