BLOCKCHAIN

Blockchain Spending in US to Reach $41 Billion by 2025

[ad_1] Blockchain spending in the United States will increase from $3.12 billion to $41 billion by 2025, according to a new report published on March  25.A new report dubbed the "United States Blockchain Business Opportunities and Outlook Databook Series (2016-2025)” forecasts that blockchain spending in the U.S. will report a compound annual growth rate (CAGR) of 44.5 percent, rising from $3.1 million to $41.1 million by 2025. The report was
BLOCKCHAIN

Crypto Exchange OKEx Is Developing Its Own Blockchain Platform

[ad_1] Cryptocurrency exchange OKEx is developing its own blockchain a decentralized exchanged, according to a blog post published on March 22.Per the post, OKEx has been developing its own blockchain dubbed “OKChain,” which is now purportedly in the final development stage. The company expects to put out a testnet in June of this year. OKChain will also serve as the base for OKEx’s decentralized exchange.Apart from that, the post states
BLOCKCHAIN

Insurance Blockchain Startup B3i Raises $16 Million

[ad_1] Zurich-based blockchain startup B3i Service AG has increased its capital by $16 million in February, according to recently published filings from the Swiss commercial register.B3i Service AG — a blockchain initiative formed by “Blockchain Insurance Industry Initiative” B3i in 2018 and run by several international insurance companies including Munich Re and Swiss Re — has raised about $16 million, having maximized its capital to 22,475,945 Swiss francs ($22.6 million).According
BLOCKCHAIN

Owner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000

[ad_1] The owner of a startup that never launched its initial coin offering (ICO) is trying to sell the project on eBbay for $60,000, according to an offer on the e-commerce website that expires Friday, March 29.The startup, named “Sponsy,” is described as a blockchain project that is fully prepared to launch both ICO and security token offerings (STO). The author of the offer claims that the project was audited
BLOCKCHAIN

Leading Social Platform eToro Acquires Smart Contract Development Company Firmo

[ad_1] Exchange and social network for investors and traders eToro announced that it has acquired smart contracts development company Firmo for an undisclosed amount. The acquisition was reported in a press release published on March 25.Co-founder and CEO of eToro Yoni Assia is quoted in the announcement explaining that the acquisition will allow the platform to grow its offering of tokenized assets. He also noted:“We believe that in time all investible [sic]
BLOCKCHAIN

Dubai-Based Crypto Firm’s New Product to Allow Real-World Assets to Be Tokenized

[ad_1] A crypto company has launched a new product that focuses on the tokenization of real-world assets, such as property, art and commodities — a venture it believes will transform the way the world invests, trades and transfers value.DGTO is the latest offering by Darico, and the firm says its service provides business owners and developers with “all the tools needed to tokenize assets into security tokens,” including legal and
BLOCKCHAIN

Ex-Enron CEO Meets with Crypto Experts for New Venture Following Prison Release

[ad_1] Jeffrey Skilling — the former Enron CEO who served 12 years in prison after a 19 count conviction for his part in the firm’s notorious collapse — is allegedly meeting with crypto industry experts ahead of his new business venture. The claim was made in a report from the Wall Street Journal on March 22.Skilling was released from federal custody on Feb. 21, having served 12 years out of a
BLOCKCHAIN

Singapore Blockchain Accelerator Nets BMW and Intel Among New Partners

[ad_1] Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22.Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups.Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation.Now, both BMW and Intel will provide expertise to
BLOCKCHAIN

Bayer’s Agricultural Division Partners With ConsenSys-Backed Startup BlockApps

[ad_1] The agricultural division of pharmaceutical and life science giant Bayer AG, Bayer CropScience, is collaborating with ConsenSys-backed Blockchain-as-a-Service (BaaS) startup BlockApps. BlockApps revealed the news to Cointelegraph on March 22.Germany-based Bayer CropScience has been working on a number of blockchain initiatives with BlockApps since early 2018, a BlockApps spokesperson told Cointelegraph.One of the largest pharmaceutical firms globally, Bayer acquired American agrochemical and agricultural corporation Monsanto in June 2018.A BlockApps
BLOCKCHAIN

Swiss Federal Council Initiates Blockchain Law Consultation Period

[ad_1] The Swiss Federal Council has started its consultation period on the adaptation of federal law for blockchain development, according to an official press release published on March 22.By initiating the consultation, the Federal Council intends to improve legal certainty over blockchain applications in order to build a basis for regulatory framework for the industry in Switzerland, particularly in the financial sector.According to the document, the Federal Council’s consultation will