100 of Japan’s major manufacturers reportedly plan to participate in a new blockchain-based data-sharing initiative, Nikkei Asian Review reports. The companies plan to use a secure blockchain technology system to share information like product design data, quality control details, and status reports for production equipment, in a bid to improve efficiency.
Cryptocurrency experts from the worlds of law enforcement and private industry gathered at Europol’s European Cybercrime Center in The Hague from June 12th to the 14th, for Europe’s biggest cryptocurrency law enforcement conference. Europol revealed to the conference attendees that it has partnered with the Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research (CENTRIC) to develop a “serious game” to train investigators to trace cryptocurrency transactions.
Bakkt COO Adam White announced in a blog post today that the company will begin user acceptance testing for its anticipated Bitcoin futures on July 22, 2019. The platform’s futures product is expected to be followed by other cryptocurrency offerings in the future.
On Monday, cryptocurrency news site CCN announced that it was shutting down due to a dramatic drop in traffic it attributed to the recent Google June 2019 Core Update. Today, an announcement on the site suggests that those plans have been shelved – at least for now.
Visa has announced the launch of its new Visa B2B Connect payment network, Reuters reported on Tuesday. The network uses elements of blockchain technology to allow financial institutions to rapidly process international corporate client payment transactions at lower cost.
Six-year-old cryptocurrency news outlet CCN announced on Monday that it is shutting down due to a sudden and dramatic drop in Google search traffic in the wake of the June 3 Google Core Update. Jonas Borchgrevink, Director & Founder of CCN Markets and Hawkfish AS, made the announcement in a post on CCN’s website that claims traffic dropped by more than 71% on mobile within one day of the update.
Some officials in Vancouver have taken aim at the city’s more than five dozen Bitcoin ATMs, with the mayor reportedly calling for a ban on the machines, The Star reports. The largely unregulated cryptocurrency ATMs have been criticized by Vancouver’s police as ideal vehicles for money laundering.
India’s proposed anti-cryptocurrency legislation, “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” contains language that proposes a 10-year prison term for citizens who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies,” according to a Friday report from Business Today:
Facebook reportedly plans to allow an independent foundation to manage governance of its new cryptocurrency , according to a report from The Information. That independent group will include financial and technology companies that Facebook has recruited as financial backers for its cryptocurrency project.
The United States Securities and Exchange Commission has filed a $100 million lawsuit accusing Canadian startup Kik of selling unregistered securities when it conducted its Kin token offering in 2017, CNBC reports.
Antivirus software pioneer John McAfee announced in a post on Twitter that he plans to release his own cryptocurrency in the fall. According to the longtime cryptocurrency advocate and 2020 presidential candidate, the coin will be called the McAfee Freedom Coin and is designed to achieve what he calls “the Holy Grail of cryptocurrency – economic freedom.”
State Farm and USAA have announced that they are currently testing a blockchain solution designed to speed up the auto claims subrogation process, CollisionWeek reports. The announcement was made during the 2019 Dig in Conference.
Cryptopia’s assigned liquidator, Grant Thornton, released its first report on the exchange’s state of affairs on Friday, May 31. In a press release announcing the report, the firm noted that it is continuing its efforts to secure assets that were lost in a January hack of the exchange.
Coinbase announced on Thursday that it is now supporting EOS on Coinbase.com, as well as its apps for both Android and iOS. The announcement was made via the company’s blog and confirmed that Coinbase users are now able to “buy, sell, convert, send, receive, or store EOS.”
The Dubai Land Department (DLD) has reportedly partnered with UAE lender Mashreq Bank to introduce a new electronic mortgage system powered by blockchain technology, The National reported Tuesday. The move by Dubai’s real estate department is designed to bolster home loan services and improve speed and efficiency.
Shinhan Financial Group (Shinhan Bank) has announced the launch of a new blockchain-powered loan system, South Korean media outlet Yonhap reported on May 27. The new system uses blockchain technology to verify proof documents submitted by borrowers during “non-face-to-face” lending.
Swiss telecom firm Swisscom has announced that dloop’s NOOW app will be available on Swisscom TV, enabling users to access digital artwork from selected artists, according to a press release on the company’s website. The app uses blockchain technology to protect art buyers’ ownership rights, while guaranteeing payments for content creators.
Social media giant Facebook has plans to complete its own digital payments network and launch a cryptocurrency in 2020, the BBC reports. That cryptocurrency is reportedly being referred to as ‘GlobalCoin’ within the company and is expected to be ready for testing sometime later this year.
U.S. telecom giant AT&T announced in a press release today that its customers will now be able to use BitPay to make online bill payments in cryptocurrency. With the announcement, the company declared itself the “first major U.S. mobile carrier” to offer its customers the ability to pay bills with digital currency.
The U.S. Securities and Exchange Commission announced yesterday that it has halted a $30 million cryptocurrency Ponzi scheme that targeted hundreds of U.S. and Canadian investors. In a press release, the SEC confirmed that it has obtained a court order in response to a complaint leveled against Argyle Coin, LLC and the company’s principal, Jose Angel Aman.