BLOCKCHAIN

Legal & General Partners With Amazon to Use Blockchain for Pension Deals

[ad_1] Online retail giant Amazon has partnered with United Kingdom-based insurance agency Legal & General to create a blockchain system for managing corporate pension deals, according to a report by Reuters on June 11.Legal & General will reportedly make use of the Amazon Managed Blockchain for its bulk annuity transactions, which happen when companies transfer their pension schemes to Legal & General for insurance.According to an article by the Financial
Business

DOrg LLC Purports to be First Legally Valid DAO Under US Law

[ad_1] Decentralized Autonomous Organization (DAO) developer cooperative dOrg has created a limited liability company (LLC) to grant its native DAO legal status, according to a report by independent law firm Gravel & Shea on June 11.As its name implies, a DAO is a firm with no centralization or hierarchy, and is instead governed by open source digital rules on a blockchain — a smart contract — and operated publicly by
EXCHANGES

Bitcoin Has Dwarfed Warren Buffet’s Berkshire Hathaway in ROI

[ad_1] Warren Buffett’s Berkshire Hathaway has seen an impressive increase of around 997,900 percent in its stock price since Warren Buffett took control. Bitcoin, on the other hand, is up 720,000,000% in its short 10-year history since its first recorded price.  Berkshire Hathaway Up 997,900% Berkshire Hathaway, a multinational conglomerate holding company, the CEO of which is no other but popular investor and one of the richest men alive, Warren
Business

Coinbase Card Launches in Six European Countries

[ad_1] United States-based cryptocurrency exchange and wallet service Coinbase has launched its Visa debit card in six European countries, CNBC reports on June 11.As of today, cardholders in Spain, Germany, France, Italy, Ireland and the Netherlands will be able to use the cards, which sync directly to their Coinbase accounts. The card comes as both a mobile app for iOS or Android, and as a physical card that can be
EXCHANGES

Live Planet Chases 5G, Appoints 20th Century Fox Exec Hanno Basse

[ad_1] Live Planet and Halsey Minor made waves today with its announcement that it has appointed 20th Century Fox Film Corporation CTO Hanno Basse to join its team as President of Decentralized Media Solutions. Live Planet’s existing solutions include an end-to-end virtual reality (VR) video streaming and publishing solution, and a full stereoscopic VR Camera and Cloud capable of live streaming 4K video to millions of devices. Halsey Minor is
Business

Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

[ad_1] Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry, local technology-focused new outlet ITWeb reported on June 10.Following comprehensive research of the industry, Old Mutual has arrived at a decision not to insure equipment used for digital currency mining because of the unregulated nature of the industry.Among other reasons, the company also named cryptocurrencies’ exposure to
BLOCKCHAIN

Standard Tokenization Protocol Raises $750K in Eight-Second Token Sale

[ad_1] A token sale for Standard Tokenization Protocol (STP) raised $750,000 and sold out within eight seconds, a news release claimed on June 11.The project says it offers an open-source, decentralized standard for the tokenization and issuance of any asset.Following the initial exchange offering (IEO,) which was held on Bittrex, STP founder Mike Chen said:“We are excited to move forward with implementing a powerful funding mechanism for other companies that
BLOCKCHAIN

Canadian University Offers Graduate Training in Blockchain Tech

[ad_1] Canadian-based University of British Columbia (UBC) has announced a blockchain and distributed ledger technology training program for master’s and PhD students. UBC announced the development in a press release on June 11.The training path is reportedly designed to build competency around blockchain tech, and is focused on its application in four public benefit areas: health and wellness, clean energy, regulatory technology and Indigenous issues.UBC says they hope to train
Business

Traditional Exchanges Pull Back From Reg A+ IPOs Due to Fraud Concerns

[ad_1] Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following problematic offerings like that of purported cryptocurrency firm Longfin Corp., the Wall Street Journal (WSJ) reported on June 10.Earlier in June, the United States Securities and Exchange Commission’s (SEC) filed fraud charges against Longfin. The SEC claimed that Longfin fabricated 90% of its revenue and sold over 400,000 shares of Longfin that it did not have
Business

BitMEX Observes Increase in Attacks on Accounts, Stresses Security Measures

[ad_1] Hong Kong-based peer-to-peer (P2P) cryptocurrency exchange BitMEX has reported an influx of attacks on user account credentials, according to an official blog post on June 11.In addition to covering a litany of best practices for user security, the cryptocurrency exchange stressed the importance of using two-factor authentication (2FA) in particular. The report summarizes 2FA as follows:“2FA, sometimes referred to as ‘two-step verification’ or ‘multi-factor authentication’, adds an additional layer