CRYPTOCURRENCY

Binance Cryptocurrency Exchange Integrates Refinitiv’s KYC Software

Binance Cryptocurrency Exchange Integrates Refinitiv’s KYC Software

BTC MANAGER, CRYPTOCURRENCY
Binance (BNB), the world’s number one cryptocurrency exchange by 24-hour trading volume has joined forces with Refinitiv, a U.S-based financial technology firm, to integrate the latter’s “World-Check” know-your-customer (KYC) software into its trading platform, reported Finance Magnates on November 20, 2018. Binance Integrates Refinitiv’s “World-Check” for KYC In a bid to become more regulatory compliant and curb the activities of bad actors on its platform, Binance crypto exchange and bitcoin trading venue is integrating Refinitiv’s “World-Check” software for its know-your-customer operations. Per the team, World-Check uses information from authoritative sources in 200 countries to verify people’s data and has reportedly been “stress tested with over 100 regulators and financial instituti
Retail Giant Carrefour Launches Blockchain Food Tracking Platform for Poultry in Spain

Retail Giant Carrefour Launches Blockchain Food Tracking Platform for Poultry in Spain

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Retail giant Carrefour, headquartered in France and operating in more than 30 countries, is deploying a blockchain food tracking platform based on Hyperledger in its Spanish network, a press release states Tuesday, Nov. 20.The food tracking solution, initially developed by U.S. tech corporation IBM, will be used to track free-range chickens branded as “Calidad y Origen” (“Quality and Origin”) that were raised in the northern region of Galicia without antibiotic treatment. Each package in the Spanish network will be marked by a QR code providing detailed info on the chicken’s date of birth, type of nutrition, packing date, and more.In the press release, Carrefour writes that blockchain is a key technology for supply chains, as it provides greater transparency and allows customers to review
Siemens Joins Blockchain-Driven Energy Platform to Increase Interoperability in Industry

Siemens Joins Blockchain-Driven Energy Platform to Increase Interoperability in Industry

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Two energy divisions of German tech giant Siemens have joined a blockchain-driven energy platform to promote the use of decentralized technologies in the sector, according to a press release published Wednesday, Nov. 21.According to Siemens, its Energy Management and Power Generation Services departments are partnering with open-source, scalable blockchain platform Energy Web Foundation (EWF), founded in 2017 to elaborate regulatory, operational, and market solutions for the energy sector.Siemens officials believe that blockchain technology will help increase interoperability in the area, linking consumers with energy producers and network operators, the press release writes. Moreover, the technology could help increase the efficiency of energy systems and enable new forms of project finan...

Tezos Korea Foundation Partners With Yonsei University for Blockchain Development

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
The South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University to collaboratively work on the development of blockchain talents, says a Tezos official press release published Nov. 21.The new agreement between the Tezos Korea Foundation and Digital Society Research Center at Yonsei University in Seoul aims to provide “blockchain education cooperation, training of OCaml [Objective Calm] and smart contract experts.” The MoU is primarily focused on human resources and education in the blockchain technology industry. The press release states:“Through this agreement, both sides will strengthen the expertise of the blockchain and education expertise, and discuss various cooperation opportunities to lead the blockchain field.”Back this summer,
‘Democratic for All’: New Crypto Exchange Will Be ‘100 Percent Owned By Users’

‘Democratic for All’: New Crypto Exchange Will Be ‘100 Percent Owned By Users’

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions.DAREX’s hybrid model enables users to trade utilities and securities – and the revenue generated from these transactions is subsequently shared with token holders. In time, the exchange hopes to become a “truly beneficial and democratic exchange platform for all.”The startup is set to be “the first exchange of its kind” thanks to how it blends the benefits of centralized exchanges with a decentralized ownership structure. The platform is going to be “100 percent owned” by the Darico community through the distribution of Darico Exchange Community Shares – known as DECS for short.As well as paving the way for profit distribution, these security tokens would
Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County

Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20.The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court, claiming that the firm is "insolvent and unable to pay its debts when due.”According to the court documents, Giga Watt is holding between zero to $50,000 worth of assets, with estimated the number of creditors accounting for not more than 50, while liabilities are evaluated between $10 million to $50 million.Apart from bankruptcy, the crypto mining company is also facing eviction in Douglas County, as the Port of Douglas County has reportedly launched an eviction process.Giga Watt
Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

BITCOIN, BLOCKCHAIN, BTC MANAGER, CRYPTOCURRENCY
Japan’s shipping line powerhouse Nippon Yusen KK is set to introduce its own digital currency for internal use, specifically to pay its seafaring workers, reports Bloomberg, November 20, 2018. The move is aimed towards minimizing the hassle and costs of the process of managing, sending and converting money to their respective local currencies. US Dollar-Pegged Digital Currency According to the report, one of Japan’s oldest and largest shipping lines is launching its own digital currency that would be pegged to the US Dollar to avoid dealing with the volatility in its value, akin to some of the cryptocurrencies traded publicly. So far, it is unclear whether the currency would use blockchain technology or be a cryptocurrency adaptation. However, it plans to launch the custom-developed digita
Blockchain Capital Exec: Bear Markets ‘Do Bear Things,’ but BTC Has ‘Gigantic’ Potential

Blockchain Capital Exec: Bear Markets ‘Do Bear Things,’ but BTC Has ‘Gigantic’ Potential

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Spencer Bogart, a partner at the venture capital firm Blockchain Capital, believes that crypto opportunities are “still gigantic” despite the current bear market, the expert claimed in an interview with Bloomberg on Monday, Nov. 19.The expert at the crypto and blockchain-focused venture capital startup has maintained his pro-Bitcoin (BTC) stance, pointing out the critical role of “programmable money,” which is supposed to gain even more popularity over time.Considering programmable money as a “multi-trillion dollar idea,” Bogart emphasized the fact that Bitcoin has become the “biggest bull markets of all time,” referring to the the massive spike of Bitcoin up to $20,000 in December 2017 from around $1,000 in the beginning of last year. The expert has stressed that although the current stat
21-Year Old American Purported SIM Swapper Arrested for Alleged Theft of $1 Mln in Crypto

21-Year Old American Purported SIM Swapper Arrested for Alleged Theft of $1 Mln in Crypto

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
Authorities in the U.S. state of California have arrested a 21-year old New Yorker for the alleged theft of $1 million in crypto using “SIM-swapping,” U.S. broadsheet the New York Post reported Nov. 20.SIM-swapping — also known as a “port-out scam” — involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms  use automated messages or phone calls to handle customer authentication.The arrested suspect, Nicholas Truglia, is accused of having targeted wealthy Silicon Valley executives in the Bay Area, and of successfully persuading telecoms support staff to port six victims numbers to his an alleged “crew” of accomplice attackers. Deputy DA Erin West, of Santa Clara Superior Court, told the Post the ruse was “a

Japanese Banking Giant, Others Donate $800K for Blockchain Course at University of Tokyo

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM
The University of Tokyo will launch a blockchain course following a donation of nearly  $800,000 from several companies, including Japanese banking giant Sumitomo Mitsui (SMBC) and the Ethereum Foundation, Cointelegraph Japan reports Nov. 21.In a Nov. 20 press release, SMBC lists five more contributors, apart from itself and the Ethereum Foundation, who contributed to the donation: Good Luck 3, JSS, Zipper, Hotto link, and Money Forward. The banking group does not disclose the details of 90 million yen donation, nor did it reveal the main contributor.According to the press release, the education course, dubbed “Blockсhain Innovation Donation Course,” in the graduate school of engineering at the University of Tokyo will last three years: having begun Nov. 1, 2018, it will run until Oct. 31,