Retail giant Walmart could be working on issuing a fiat-backed digital currency, similar to Facebook’s Libra cryptocurrency, according to a new patent filing, writes Yogita Khatri. Here is the link: https://www.theblockcrypto.com/2019/08/02/walmart-could-be-looking-to-rival-facebooks-libra-with-a-usd-pegged-stablecoin-issuance-a-patent-filing-shows/
Move could affect competition and data privacy, warns Bank for International Settlements, writes Phillip Inman and Angela Monaghan. Here is the link: https://www.theguardian.com/technology/2019/jun/23/facebook-libra-cryptocurrency-poses-risks-to-global-banking
Riviera Beach, a city in Florida, is set to pay hackers $600,000 in bitcoin with the hope of having its systems restored, writes Kris Holt. Here is the link: https://www.engadget.com/2019/06/20/florida-hacker-ransom-riviera-beach/
Spain-based Naturgy, a supplier of gas and electricity, serving more than 18-million customers in more than 30 countries, has inked a ten-year agreement with IBM to help implement a hybrid cloud strategy.
Are digital tokens securities? The SEC’s Kik Interactive lawsuit may clarify cryptocurrency rules —...
The U.S. Securities and Exchange Commission sued Kik Interactive for illegally raising $100 million, according to a Fortune story. Here is the link: http://fortune.com/2019/06/04/sec-kik-interactive-lawsuit/
CMA CGM and MSC Mediterranean Shipping Company (MSC) are joining TradeLens, a blockchain-enabled digital shipping platform, jointly developed by Maersk and IBM.
Singaporean blockchain company PLMP Fintech has signed an MoU with the Agency for Free Trade Zone and Free Port of Batam, and Indonesian firm Central Distribusi Batam.
Sunnyvale, California-based ThunderCore, has raised $50 million.
More and more security holes are appearing in cryptocurrency and smart contract platforms, writes Mike Orcutt. Here is the link: https://www.technologyreview.com/s/612974/once-hailed-as-unhackable-blockchains-are-now-getting-hacked/
A cryptocurrency exchange in Canada has lost control of at least $137 million of its customers’ assets following the sudden death of its founder, writes Dan Goodin. Here is the link: https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/
Symbiont.io has closed a $20 million Series B funding round.
Bitcoin is at a 15-month low, writes Paul R. La Monica. Here is the link: https://www.cnn.com/2018/12/07/investing/bitcoin-prices-plunging/index.html
Boston-based blockchain startup Algorand has closed a $62 million equity investment round.
Japanese cryptocurrency exchange Zaif has lost $60 million worth of company and user funds, writes Catalin Cimpanu. Here is the link: https://www.zdnet.com/article/zaif-cryptocurrency-exchange-loses-60-million-in-july-hack/
Today, New York approved the first digital currencies that are tied to the US dollar, called "stablecoins", writes Swapna Krishna. Here is the link: https://www.engadget.com/2018/09/10/new-york-approves-gemini-paxos-cryptocurrency/