Archived Posts

Aramco, Saudi Arabia’s state owned oil giant, has acquired a stake in Vakt, the blockchain powered oil trading firm. Reuters news reports indicate that Aramco’s Energy Ventures division has bought invested $5 million, which will be used by Vakt to advance the platform and start catering to the Asian market. Along with the investment, the   Read more...

Ditto Music intends to roll out Bluebox, a blockchain documenting technology that could turn out to be a blessing to both distributors and musicians. The issue, states Ditto Music CEO Lee Parsons, is that wrongly placed meta data could easily affect the profitability. In recent past, Ditto transferred £60,000 pounds ($80,000) in royalty payment to   Read more...

Coinbase and Ripple executives are trying to bring cryptosector under regulatory oversight with an intention to foster blockchain adoption and transform it into a mainstream technology. Co-chairs of the Market Integrity Working Group is interested in having regulators to understand how they can support innovation in the crypto sector. In this regard, Coinbase senior director   Read more...

Tron blockchain founder and Tron Foundation CEO Justin Sun has been slapped with a case of labor rules infringement and torment by two ex-employees at BitTorrent, the P2P torrent platform purchased by the Foundation two years before. Disclosed records submitted in California court indicates that plaintiffs Richard Hall, aged 50, and Lukasz Juraszek, aged 28,   Read more...

27% of Ether (ETH) held in collateralized debt positions (CDPs) of the past MakerDAO system is owned by a single Ethereum address. The information was shared by Digital Assets Data, a fintech data company. Dai, built by MakerDAO, enables users to lend or produce the stablecoin by staking the holdings. Dai is not pegged to   Read more...

Cryptocurrency sector has already jumped into action for helping people affected by corona virus in Wuhan, China. One of the top cryptocurrency exchange Binance has committed to donate 10 million Chinese yuan ($1.44 million) to help the people in need. Through a tweet, Binance CEO Changpeng Zhao stated that even though Binance has pledged, no   Read more...

Charlie Lee, developer of Litecoin (LTC), has advocated donations from mining pool for cryptocurrency innovation. In a tweet, Lee stated that a superior way to finance cryptocurrency innovation is through voluntary donation of a percentage of block rewards. Lee also detailed the amount that would be generated through such a tweet: Lee pointed out that   Read more...

The World Economic Forum (WEF) has established a worldwide association devoted to contriving an infrastructure for the cross-border governance of cryptocurrencies, which includes stablecoins as well. The recently established Global Consortium for cryptocurrency governance will concentrate on the creation of inter-working, lucid and all-encompassing policy initiatives to monitor the cryptocurrency domain and promote public-private partnership   Read more...

Covantis, a blockchain endeavor supported by international agriculture business behemoths such as Cargill, has chosen key Ethereum centered startup ConsenSys as a technological associate. Under the collaboration, ConsenSys will develop an Ethereum based blockchain system to digitize the post-trade funding business and improve efficiency and save costs for the global agribusiness supply chain. Back in   Read more...