Oasis Labs has raised $45 million to build a “privacy-first” cloud computing platform with blockchain technology. The Berkeley, California based company is designing a platform to overcome the performance, security, and privacy limitations that have hampered blockchain adoption to date. The aim is to make blockchain, a distributed secure ledger … Read the rest
The government of Québec is blocking all new requests for hydroelectric power from cryptocurrency-mining operations, so energy company Hydro-Québec can keep supplying power to everyone else in the Canadian province. The emergency move followed a warning from Hydro-Québec that the “unprecedented demand” from these operations, which use a lot of … Read the rest
An art gallery in London will auction a portion of Andy Warhol’s 1980 work “14 Small Electric Chairs” for cryptocurrencies. Dadiani Fine Art in London’s upmarket Mayfair, through its luxury market place Dadiani Syndicate and in partnership with blockchain platform Maecenas Fine Art, will put 49% of the Warhol work … Read the rest
Danish Minister for Industry, Business and Financial Affairs, Brian Mikkelsen, has signed a declaration pledging to a partnership on blockchain development with 22 other European countries. Logistics management is one of the blockchain’s most promising applications. And according to Mikkelsen, Denmark intends to use the technology to manage ship registry—and … Read the rest
South Korean electronics giant Samsung is launching its own blockchain platform Nexfinance for finance-related businesses, the company announced in a press release. Samsung SDS, the corporation’s IT arm, confirmed the platform would cater to digital finance businesses looking to transform their structures using cutting-edge technology.
In addition to blockchain, Nexfinance … Read the rest
Pumped after its recent announcement of the ETF offering, Huobi has revealed a new partnership that will see it launch an investment fund dedicated to blockchain startups in China and South Korea. The cryptocurrency exchange has teamed up with Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom … Read the rest
Blockchain media company Slate Entertainment Group revealed its ‘seven figure deal’ on acquiring rights for a documentary about blockchain during the Cannes film festival. Slate intends to broadcast the documentary Beyond Bitcoin via its blockchain based online streaming platform Binge. The decentralized Binge platform provides low-cost, high-speed, high-definition media access … Read the rest
Blockchain technology and cryptocurrencies have become a prime target for forward-leaning hedge funds, venture capitalists, and private equity firms in 2018 as the crypto ecosystem rapidly matures. The total number of cryptocurrency funds has skyrocketed over the first half of 2018, surging to over 225 from just 58 at the … Read the rest
China’s ZhongAn Tech is planning to use blockchain technology to cut risk and costs in healthcare insurance. ZhongAn, the technology incubator for ZhongAn Online Property & Casualty Insurance, was founded in 2013 by Jack Ma, the chairman of Alibaba Group, Pony Ma Huateng, chairman at Tencent Holdings, and Peter Ma … Read the rest
After months of uncertainty Italy has agreed a coalition government — sending a sigh of relief across global markets and pushing Italian bond prices sharply higher after an earlier rout. The new government may do more than settle markets, however, with plans to push blockchain technology; which underpins the volatile … Read the rest