Binance, one of the world’s largest cryptocurrency exchanges, has announced it is launching a $1 billion “Social Impact Fund” to foster the growth of blockchain and cryptocurrency startups. Ella Zhang, head of the exchange’s incubator program Binance Labs, said during an online meetup Thursday that the capital for the fund … Read the rest
Canadian based chat app, Kik launched its second blockchain as part of an effort to promote the use of its digital currency known as Kin in various online communities. The move is notable because Kik, which raised $98 million dollars in a so-called “Initial Coin Offering,” already put its Kin … Read the rest
Late last year, Sirin Labs launched a crowd-sale for what it is calling the “world’s first blockchain smartphone.” Named after the late Bitcoin developer Hal Finney, the smart phone is due to arrive at some point this year. And when it does, it’s likely to be packing the sort of … Read the rest
The Japanese Financial Services Agency (FSA) is due to impose strict standards on cryptocurrency exchanges seeking to register in the country. The sudden collapse of Mt. Gox, bankruptcy filing, and subsequent accusations levied against former CEO Mark Karpeles of embezzlement and fraud gave cryptocurrency investors a wake-up call: exchanges are … Read the rest
Sitges International Fantastic Film Festival is to become the first major movie fest to accept cryptocurrency. The well-known Spanish genre festival has entered into a deal with fledgling new tech firm Slate Entertainment Group (SEG) to take on its blockchain based digital ticketing platform Slatix, which uses digital currency called … Read the rest
Oracle Corp. will unveil its blockchain software starting this month, alongside the growing list of companies offering products that use the digital-ledger technology behind Bitcoin. The Redwood City, California-based company will introduce a platform-as-a-service blockchain product this month and decentralized ledger-based applications next month, Thomas Kurian, president of product development, … Read the rest
According to leading data and analytics firm GlobalData, South Korea is on its way to become a solid leader in the blockchain community. Businesses like Korea Telecom (KT), for example, are already working to determine how the blockchain can be used to lessen production expenses and generate new types of … Read the rest
The Cathay Pacific Group and its rewards programme, Asia Miles, are launching their first application of smart blockchain technology in a marketing campaign, in collaboration with Accenture. The innovative technology is at the core of a new platform and mobile application for a newly launched Asia Miles dining promotion in … Read the rest
Smart refrigeration business Zeto is looking to raise €20m via an initial coin offering (ICO). The company’s software is designed to help customers, including Lidl, monitor their refrigeration in real-time. It raised €500,000 via a pre-sale last week. It’s one of the first ICOs by an Irish firm. Zeto, which
Here are 9 interesting facts about the most talked about technological advancement that the world has witnessed thus far; The Blockchain –
- It can be used to assess scientific research claims.
- Blockchain technology has managed and distributed more than $270 billion in transactions.
- Blockchain’s market size will be $60 billion