Overstock Rwanada Launch Blockchain Land Rights Platform

Twitter Facebook LinkedIn Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding with the Rwandan Government (specifically the Land Management and Use Authority and Information Society) for the development of a blockchain-based land management and property rights platform. In a nutshell, the blockchain will be used to secure…

Bithumb, SeriesOne to Launch Security Token Exchange in the US

South Korean crypto exchange Bithumb has teamed up with crowdfunding platform seriesOne to launch a compliant security token exchange in the U.S. The joint venture was revealed in a press release from seriesOne shared with CoinDesk on Thursday, which adds that the exchange launch is still subject to regulatory approvals from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). SeriesOne already offers an SEC-regulated platform that supports projects launching initial token offerings, as well as traditional equities and debt offerings. “I believe that our companies will…

Circle and Coinbase Launch Their Joint Stablecoin USDC

Two of the largest companies in the cryptocurrency space, Circle and Coinbase, have joined forces to establish their own stablecoin, the USDC, or USD Coin. The tech startup companies are calling their joint venture the ‘CENTRE Consortium,’ which has its own website already. Circle and Coinbase: CENTRE Both Circle and Coinbase released their own individual blog posts about the joint venture and the launching of the stablecoin yesterday. The CENTRE Consortium is said to be aimed at “establishing a standard for fiat on the internet and providing a governance framework…

A New Australian Dollar-Backed Stablecoin Slated to Launch on Stellar

Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.   As the platform’s tokens are tied to Australian dollars, all units in circulation will have an equal, matching reserve of AUD, allowing investors to use the currency freely without having to worry about price fluctuations. Novatti will hold the coin’s dollar reserves through the company’s licensed subsidiary, Flexewallet Pty Ltd., which is also registered as a remittance network provider with the Australian Transaction Reports…

Tencent and Huawei-led Chinese Consortium to Launch Coinless Blockchain

The Financial Blockchain Shenzhen Consortium (FISCO) has announced the launch of FISCO BCOS, a revolutionary coinless blockchain platform designed to meet the regulatory and operational requirements of the financial industry. FISCO, which is one of China’s largest blockchain consortiums has more than 100 members including WeBank, and tech giants Tencent and Huawei.  FISCO BCOS Technical Details Built by a FISCO Taskforce Team that includes Tencent Cloud, WeBank and Shenzhen Securities Communication, BCOS is an open-source platform that combines the functionality of a permissionless blockchain with a coinless framework such as…

China’s Largest Newspaper Group to Launch Blockchain Laboratory

People Capital, the venture capital arm of People’s Daily Online — the official newspaper of the Chinese Communist Party — has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large. The alliance between the companies is part of a global partnership agreement signed earlier this year at the China-US Entrepreneur and Investment Summit, hosted by People’s Daily Online in the United States. People’s Daily Online is the online version of China’s largest newspaper, The People’s Daily,…

Bitcoin Futures | Bakkt Announces Futures Launch Date!

The launch date for Bitcoin futures on the Bakkt platform has been announced. Bakkt is a platform for trading, storing, and spending digital assets, and was created earlier in 2018 by Intercontinental Exchange—the parent company of the New York Stock Exchange (NYSE). Bitcoin Futures Launch Date According to a document released today, the launch date for trading is December 12th, 2018. The document explains the idea further: “Each futures contract calls for delivery of one Bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in US dollar terms. One daily contract will be listed…

A Year After Launch, BTCPay Has Grown Larger Than Its Creator Expected

First hinting at his project in a reply to a BitPay tweet on August 2017, Nicolas Dorier boldly claimed that BTCPay would make one of crypto’s most popular payment processors obsolete.   In an r/Bitcoin post two months later, he clarified that his brainchild isn’t meant to “take the place of BitPay.” Rather, BTCPay is poised as a new and improved alternative, a decentralized stand-in for merchants who wanted an easier way to accept bitcoin. A year later, the project has grown larger than Dorier anticipated. With a community of open-source…

NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform

The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each…

HTC’s Blockchain Phone ‘Exodus’ Will Launch Next Week: Report

Taiwanese smartphone manufacturer HTC will finally launch its blockchain powered smartphone Exodus in a week. The company shared details of the launch on its Instagram page (now deleted) via a teaser video. As expected, the video didn’t reveal much on the features to be expected from Exodus, but it revealed the suggestive numbers “10.22,” meaning the product would debut on Oct. 22 — next Monday. Exodus is a brainchild of HTC Vive creator Phil Chen, who said the device will target a niche audience and could be priced as high as…