Japan Data Initiative Brings Blockchain Security to 100 Major Businesses
A data-sharing initiative involving one hundred of Japan’s biggest companies will use blockchain for its security, English-language news outlet Nikkei Asian Review reported on June 17. The project, which will commence in spring 2020, aims for participants to share production data in order to enhance overall efficiency. Its controller is the Industrial Value Chain Initiative, an industry organization formed four years ago by manufacturers interested in the Internet of Things (IoT).
Why Lobbying Growth Is a Sign That Crypto Is Maturing
Crypto is on the march, and not just in terms of market price. Not only does data indicate that the number of ID-verified users of cryptocurrency doubled over 2018, but there are various other metrics that suggest that adoption is gaining traction. As many as 84% of companies worldwide are involved with blockchain-based technologies in some way, while cryptocurrency ownership is twice as high among young Americans than among the general United States population. And at a time when there's plenty of talk about the need for crypto to standardize and regulate itself before adoption can really take off, it would now seem that lobbying on cryptocurrency-related issues is also increasing.
US SEC Delays Decision on Bitwise Bitcoin ETF, Seeks Public Comment
The United States Securities and Exchange Commission (SEC) has again delayed its decision on cryptocurrency index fund provider Bitwise Asset Management’s bitcoin (BTC) exchange traded fund (ETF). The development was revealed in a filing published by the SEC on May 14.
English Premier League Soccer Club West Ham to Launch Fan Token in Partnership With Socios
London-based West Ham United — a soccer team that plays in the English Premier League — is partnering with blockchain platform Socios.com to launch a fan token ecosystem.
Blockchain Patent Granted to Cybersecurity Company Owned by U.S. Defense Contractor
Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent. Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million. The system described in the patent appears to be a complex user behavior monitoring and management system. The system would aim to store data about electronically-observable user interactions and then use this data to identify known good, anomalous and malevolent user actions to enhance the system’s cybersecurity.
Cryptocurrency Bear Market Waning, Going Through Accumulation Phase, Says Report
Per the report, the accumulation phase is expected to bring bitcoin (BTC) to trade in the corridor between $3,000 and $6,500 until the new bull market gains ground. The researchers suggest that bitcoin whales are currently accumulating the leading cryptocurrency which echoes the bear market from 2014 to 2015.
World’s Fifth Largest Bank MUFG to Put Stablecoin to Practical Use in 2019
Japanese bank holding and financial services company Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world, is set to put its digital currency MUFG Coin into practical use later this year. The news was reported by Cointelegraph Japan on April 9. News of the planned rollout was revealed by the newly-appointed MUFG president Kanetsugu Mike in an interview with local media agency Asahi Shimbun, Cointelegraph Japan reports.
BTC Tests $5,000 Amid 2019’s First Major Crypto Market Recovery
Bitcoin (BTC) has tested the $5,000 mark for the first time since November 2018, as crypto markets are on the rise for the third day in a row. While some major cryptocurrencies are seeing a mild surge in price, others boast double-digit gains.
Bank for International Settlements Exec Advises Against Central Bank Digital Currencies
Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day.
We'd like to give some information about yesterday's CSC issue. From CSC developers we've received an email to stop all CSC market, tonight we found out that: "A member of the CasinoCoin Foundation's personal key file was compromised about 15 hours ago which led to a 'theft' of all coins held in the associated keys to a sum of 1.6bn CSC. The keys were compromised due to a non-Foundation innocent trusted individual exposing a USB device. The Foundation member in question is not a member of the development team, and neither the CSC network nor any other wallets were compromised during this event." We've investigated and there is no stolen coin on Nuex.com so we have reopened all CSC market. We're sorry for the inconvenient.