Crypto News | UPS Invests in Blockchain & Circle Stablecoin Fully Backed

All major cryptocurrencies are seeing red again today. This week has brought higher-than-normal volatility for most of the top digital currencies on the market, making investors scratch their heads. Today, we’ll take a look at the latest trending crypto news. Crypto News: UPS Invests in Blockchain Today, the top crypto news is surrounding the logistic giant, the United Parcel Service (NYSE:UPS). It was announced that the investment arm of the shipping company made an undisclosed equity investment in the US enterprise blockchain company, Inxeption. This UPS investment will be used…

Wanchain Joins Telefónica, One of the World’s Largest Telephone Operators, Developing a Mobile Blockchain Future

Blockchain Phone. Image from Shutterstock. Wanchain Symbol Eleven Paths, a subsidiary of Telefónica, has tapped Wanchain in an effort to build a secure blockchain platform for the mobile generation. Rivetz is a security company which works extensively in the blockchain space and also plays an important role in the new effort. Wanchain is an Ethereum fork which specializes in cross-chain compatibility. With Wanchain, users can hold both Bitcoin and Ethereum. In an exclusive talk with Wanchain’s Dan Reecer, CCN learned that its interchain operability is what sets Wanchain apart in…

What Crypto Winter? Blockchain Developers are Still Making a Killing

Blockchain developers are now earning more than they were six months ago, according to a survey-based report by Computer World. In the course of the last six months, the annual pay for blockchain developers in the highest bracket increased by over US$4,000, as per the survey which was conducted by management consulting firm Janco Associates. The median annual pay for blockchain developers is also considerably higher than that of other software developers at US$132,000. Experienced developers earn even more – US$176,000 – especially when they change employers. Top of the…

Bitcoin is a ‘Fad,’ But Even NASA is Investing in Blockchain

Bitcoin birthed the concept of blockchain technology, and now even organizations as technologically advanced as NASA are considering its benefits. Yet cryptocurrency is often described as a fad, a bubble, and even worthless. NASA Eyes Hyperledger Blockchain for Air Traffic Management Ronald J. Reisman, an aero-computer engineer at the NASA Ames Research Center, has put forward blockchain to solve issues of privacy and the prevention of spoofing, denial of service, and other attacks. He says a new system due for implementation in 2020, the Automatic Dependent Surveillance-Broadcast (ADS-B), does not…

Pakistan Taps Blockchain Developed by $150B Alipay, But Forbids Bitcoin

The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central banks and large financial institutions. Blockchain Not Bitcoin Several months ago, Pakistan established a partnership with Telenor Microfinance Bank, a financial institution owned and operated by Alipay, a $150 billion fintech giant based in China…

China to Enforce Regulation for Blockchain Companies in February

China’s internet regulator, the Cyberspace Administration of China(CAC) in a detailed document outlined a final draft of regulations concerning cryptocurrency and blockchain companies. The rules will come into effect starting February 19, and provide a set of guidelines that blockchain companies are required to follow. According to the CAC’s director: The Regulations on the Management of Blockchain Information Services has been reviewed and approved by the Office of the Internet Information Office of the State Council and is herebypromulgated and will be implemented as of February 15, 2019. According to…

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

In a space infamous for promising radical transformation but delivering mostly prototypes so far, Roberto Mancone, we.trade’s chief operating officer, has a record of making good on his pledges. Early last year, he promised the trade finance blockchain platform would go live by mid-2018 – which it did, with a focus on trading between small and medium-size enterprises (SMEs) in various European countries. Later in the year, we.trade pledged it would make its first move outside Europe – which it did, announcing a project to explore interoperability with Hong Kong’s…

Can Dubai Become the First Blockchain Powered City by 2020?

When we think of Dubai, we think of Arab billionaire lifestyles, 6-star hotels, and awe-inspiring skyscrapers. But did you know that plans are in place to turn Dubai into the first blockchain-powered city by 2020? The Director-General of Smart Dubai, Dr. Aisha Bint Butti Bin Bishr, believes that city is in prime position to establish itself as a blockchain and crypto epicenter that could become a fully-integrated blockchain smart city in the next couple of years. Blockchain Smart City in the UAE Smart Dubai are the organizers of the Global…

‘Boring’ Blockchain Could Become Mainstream in 2019: MIT

Blockchain — which has been hailed as a game-changing technology that could revolutionize whole industries — will be so commonplace in 2019 that it’ll become “boring,” according to the MIT Technology Review. “In 2017, blockchain technology was a revolution that was supposed to disrupt the global financial system,” the Technology Review claimed. “In 2018, it was a disappointment. In 2019, it will start to become mundane.” MIT observed that distributed ledger technology has been widely praised for its potential to transform healthcare, banking, supply chain management, and even the entertainment industry. Major…

Resisting the Threat of Blockchain Recentralization

Chelsea Palmer is an open source educator and free agent in the cryptocurrency ecosystem who tweets (too much) at @IMmsGNU. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. I think most can agree that it’s been a hell of a long year, in crypto and in general. The greatest way to reflect back on the year may be to review our expectations as we entered it; to this end, I’d highly recommend a revisitation of the “95 Crypto Theses” post by Ryan Selkis. Selkis was wise…