Business News

Blockchain

Samsung’s ‘Digital Transformation Framework’ Includes Blockchain Tech

Samsung SDS is adding blockchain tech to its enterprise IT offerings.

Business  ·  8 May 2019
Banking

Over 50 Banks, Firms Trial Trade Finance App Built With R3’s Corda Blockchain

ABN Amro, Standard Chartered and around 50 other firms have participated in tests of Voltron, a trade finance platform built with R3's Corda.

Business  ·  8 May 2019
Mining

London-Listed Argo Blockchain Adds 1,000 Miners in Bid to Salvage Stock Price

Struggling crypto mining firm Argo Blockchain says it's expecting to break even in the second quarter after an investment in new equipment.

Business  ·  8 May 2019
Exchanges

Bitstamp Hires Ex-Coinbase Trading Head to Court Wall Street Money

Europe-based crypto exchange Bitstamp has hired former Coinbase trading head and Wall Street veteran Hunter Merghart to lead its U.S. operations.

Business  ·  8 May 2019
Bitcoin Mining

Bitmain Discloses 88% Reduction In Own Bitcoin Mining Power

Bitmain's internal bitcoin mining operations are generating 88 percent less computing power than a month ago, suggesting the industry giant has cut capacity.

Business  ·  7 May 2019
Supply Chain

Starbucks to Track Coffee Using Microsoft’s Blockchain Service

Starbucks aims to give consumers and farmers more data on its coffee products using a blockchain service from Microsoft.

Business  ·  7 May 2019
Australia

ASX Is Letting Clients Test Its In-the-Works Blockchain Settlement System

The Australian Securities Exchange now has a customer testing environment for its blockchain-based clearing and settlement system, due in 2021.

Business  ·  7 May 2019
Exchanges

‘One-Stop Shop’ for Crypto Mining and Trading to Launch Spot Market May 23

Bcause says it's weeks away from launching a spot market for bitcoin, ether, bitcoin cash and litecoin, despite operating under chapter 11.

Markets  ·  7 May 2019
Ethereum

Microsoft Releases Ethereum App Development Kit for Azure Cloud

Tech giant Microsoft has released a suite of tools allowing clients to build ethereum-based apps on its cloud computing platform Azure.

Business  ·  7 May 2019
Investments

Alibaba’s Ant Financial Backs $10 Million Round for Blockchain Privacy Startup

Alibaba affiliate Ant Financial has participated in a $10 million funding round for blockchain privacy startup QEDIT and is using the firm's tech.

Business  ·  7 May 2019
Tokens

Buffett Calls Bitcoin a ‘Gambling Device’

Warren Buffett told reporters at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, that he still couldn't support bitcoin.

Markets  ·  6 May 2019
Blockchain

DUST Adds Physical Products to the Blockchain

New diamond coatings promise to connect physical objects to blockchains. Now users of SAP's cloud service can try it out.

Policy & regulation  ·  6 May 2019
Crime

Crypto Crime Blotter: Scammers Dupe Jersey Island Man Out of £1.2 million, Backpage Laundered Cash With Crypto

Did Backpage launder cash through crypto? What happened to three Germans on the DarkWeb? This week's Crypto Crime Blotter.

Policy & regulation  ·  6 May 2019
Smart Contracts

PepsiCo Blockchain Trial Brings 28% Boost in Supply Chain Efficiency

Beverage giant PepsiCo saw an almost 30 percent increase in efficiency during a programmatic advertising trial using Zilliqa’s blockchain platform.

Business  ·  6 May 2019
Tokens

SIX Stock Exchange May Issue Its Own Token, Says Exec

Swiss stock exchange SIX could issue a token on its planned digital assets exchange in 2020, according to its head of securities and exchanges.

Business  ·  6 May 2019