Category: Blockchain

Blockchain E-Commerce Platform Allows Shoppers to Purchase Directly From Manufacturers

A new decentralized e-commerce platform aims to allow online shoppers and e-commerce stores to combine purchasing power and microdistribution to access bulk pricing and discounts. Buying.com says that they have multiple solutions to the many issues faced by customers, describing themselves as ‘e-commerce reinvented’. According to the company, the four key elements of their project […]

Paxos Says It Has Issued $50 Mln of Recently-Launched Dollar-Backed Stablecoin

Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin, according to a Tweet from a senior employee October 15. As previously reported, the Ethereum (ETH) blockchain-based stablecoin, dubbed Paxos Standard Token (PAX), sealed regulatory approval from the New York State Department of Financial Services (NYDFS) in early […]

Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

Leading South Korean financial holding company KB Financial Group Inc. has been awarded a patent for a blockchain-based fintech app security solution, South Korean economic news outlets The Digital Times reports Monday, Oct. 15. KB Financial is reported to have over $342 billion in assets under management and presides over multiple overseas and domestic subsidiaries, […]

Ethereum’s Constantinople Hard Fork Faces ‘Consensus Issue’ in Testing

An alleged “consensus issue” in the testing of a planned hard fork of Ethereum, called Constantinople, has caused a testnet to be “not usable,” according to a tweet from Ethereum blockchain infrastructure firm Infura October 13. Infura’s tweet also advises developers to use other testing networks while the Ethereum developer community is “investigating” the issue. […]

The European Blockchain Partnership Finds Europe Getting Serious About Distributed Ledger Technology

On April 10, 2018, 21 EU member states and Norway signed up to create the European Blockchain Partnership. Including the UK, France, Germany, Sweden, the Netherlands and Ireland, they committed themselves to “cooperate in the establishment of a European Blockchain Services Infrastructure (EBSI) that will support the delivery of cross-border digital public services, with the […]

TRON to Partner with ‘China’s Google,’ Baidu

The team of cryptocurrency project TRON (TRX) has reportedly partnered with China’s largest Internet search provider Baidu. Crypto market news service Coinness has claimed this in a tweet Thursday, Oct. 11, citing its private correspondence with TRON’s team. Neither TRON nor Baidu have been able to confirm the partnership to Cointelegraph as of press time. […]

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.” As reported Oct. […]

Thai Ministry of Commerce Explores Blockchain Solutions for Copyright, Agriculture, Finance

The Thai Ministry of Commerce has begun to conduct feasibility studies on the use of blockchain in copyright, agriculture, and trade finance, English-language Thai newspaper Bangkok Post reports Tuesday, Oct. 9. A Thai official from Thailand’s Trade Policy and Strategy Office (TPSO), Pimchanok Vonkorpon, told the Bangkok Post that the study is being conducted with […]

Binance, a16z-Backed Oasis Labs Launches Blockchain Startup Hub

Blockchain cloud computing platform Oasis Labs announced a partnership with major names in crypto and venture capital to launch a blockchain tech hub called the Oasis Startup Hub, the firm announced at San Francisco Blockchain Week October 8. According to the company’s press release, the Oasis Startup Hub aims to create an ecosystem for blockchain […]