The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent. ERC20 tokens launched on top of the Ethereum blockchain network have performed especially poorly against both Bitcoin and the …
Mt Pelerin unveils the very first issuance of tokenized shares, recognizing the token holder as a shareholder in the meaning of Swiss law. A financial and technological revolution. On October 16th 2018, Mt Pelerin Group SA, a startup from Geneva with the ambition to become the first bank in the world to be entirely built on the blockchain, was issuing …
A patent awarded to the Bank of America outlines how enterprise-level institutions may be able to store cryptocurrencies owned by their customers. The filing, awarded by the U.S. Patent and Trademark Office Tuesday, contends that large companies – specifically enterprise-level institutions – may want to store cryptocurrencies for customers should they see wider adoption. There is an increasing number of enterprises …
German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, Cointelegraph auf Deutsch reports today, Nov. 13. Bitcoin Group SE, based in Herford, Germany, operates what is reportedly the country’s only regulated crypto exchange, Bitcoin Deutschland AG, also referred to by its domain, Bitcoin.de. Upon acquisition of the banking institution, which according …
Swiss-based Transoil International and Solaris Commodities have conducted a blockchain pilot transaction of Black Sea wheat, S&P Global reports Nov. 12. Both companies are involved in the trading of international agricultural commodities like milling wheat, vegetable oil and flour. The two firms completed the pilot using the blockchain-based agri-commodities trading and financing platform of Swiss startup Cerealia. Transoil and Solaris …
HBUS, the strategic partner of top crypto exchange Huobi, has hired a former executive of venture capital (VC) firm Draper Athena, according to a press release shared with Cointelegraph Nov. 13. The HBUS trading platform, which currently employs around 40 people in their headquarters in San Francisco, has officially announced the appointment of Jay Ryu, formerly of Draper Athena, as …
Japanese insurance company Sompo has partnered with pan-African digital payment platform BTC Africa, also known as BitPesa, according to Sompo’s press release published Nov. 9. As Cointelegraph Japan has confirmed, Sompo Holdings Inc. invested 570 million yen ($5 million) Nov. 8 to acquire a 10 percent stake in BitPesa. BitPesa is anAfrican Bitcoin (BTC) startup that was founded in 2013, …
One of Japan’s largest insurance companies, Tokio Marine & Nichido Fire Insurance, and IT firm NTT DATA have completed a trial that put the paperwork for marine cargo insurance claims on a blockchain. Tokio Marine & Nichido said in a press release Wednesday that its blockchain proof-of-concept (PoC) had seen participation from eight overseas claims-settling agents and surveyors located in Europe, …
U.S. multinational IT company IBM plans to use blockchain to aid scientific research and provide a record of its results, a new patent application filed with the U.S. Patent and Trademark Office revealed Nov. 8. IBM, originally filing the concept in December last year, says it foresees “integrating a blockchain and data collection and analysis for open scientific research.” The …
The government of Austria is supporting a U.K. cancer research company using blockchain to detect the disease. The government’s support comes as part of its drive to promote the technology, a press release shared with Cointelegraph confirms Nov. 10. Lancor Scientific, which has developed a device to detect multiple cancer types and record screening results with smart contracts on blockchain, …
