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Quantamize Jul 11, 2018

Lai Xin, chief engineer of ThunderChain, a project created by Chinese tech giant Xunlei, believes that blockchain technology, while proving to be a technological innovation, will be a huge social innovation too. He says that the mass adoption of blockchain tech will be able to change the way established businesses do their work, because blockchain could eliminate...

Quantamize Jul 11, 2018

According to reports, the telecom blockchain industry is posed to be worth about $1 billion by 2023, an 84% CAGR from current day. Security concerns are among the highest in the telecom industry, and blockchain technology is seen as an improvement in this area. Regulatory uncertainty is the biggest thing weighing down blockchain integration. o The AI Machine...

Quantamize Jul 11, 2018

Oliver Hart, winner of the Nobel Prize in Economics for work on contract theory recently discusses smart contracts. He stated that smart contracts do not solve the problems of incomplete contracts that his work is focused on. He noted that smart contracts are not suited for the long term which is due to the long-term being hard to predict. An example he gave was...

Quantamize Jul 11, 2018

A South Korean firm, Lotte Global Logistics has joined the Blockchain in Transport Alliance (BITA). The alliance was formed in 2017 to develop blockchain applications in the logistics industry. Adoption of blockchain technology has been a major focus for BITA as well. Lotte Global Logistics’ resources form the largest network in South Korea for parcel delivery....

Quantamize Jul 10, 2018

o Israeli Cryptocurrency trading startup, Bancor, said that criminals have stolen USD$13.5mm, most of which is Ether. The company was able to successfully freeze an additional USD$10mm of its own Bancor token, limiting the damange. The Tel Aviv-based firm raised USD$153mm in an ICO last year and the network automatically prices and trades any cryptocurrency that...

Quantamize Jul 10, 2018

o As reported last week, accusations have reached FCoin founder Zhang Jian, for orchestrating a series of Sybil attacks to drive traffic to the FCoin exchange. The Sybil attack caused an increase in Ethereum transaction fees and created congestion on the network. A reddit user has posted its analysis of what took place and is calling for individuals to join...

Quantamize Jul 10, 2018

o Li Xiaolai, a notable cryptocurrency investor has resigned from his role as managing partner of the USD$1bn Hangzhou Xiong’An Blockchain Fund. Li made his resignation on Monday night and said that he did so to preserve the reputation of the government-backed blockchain investment fund. Li was receiving defamatory comments from Chen Weixing due to alleged...

Quantamize Jul 10, 2018

o The London School of Economics (LSE) will be offering a course called “Cryptocurrency Investment and Disruption”. The six-week course will begin in August and will provide students with practical knowledge on cryptos as well as the theoretical thought leadership for which LSE is known for. Students will learn about exchanges, ICO analytics and the use of...

Quantamize Jul 10, 2018

o MyEtherWallet (MEW), has suffered a serious security issue for the second time this year after a VPN service was compromised for five hours. MyEtherWallet is used for storing and sending cryptocurrencies. The service warned users that those who utilize Hola, a free VPN plug-in, may have been caught in a malicious attack to steal cryptos. Hola was compromised for...

Quantamize Jul 9, 2018

China’s Central Bank has called the country’s ban on cryptocurrency a huge success as the Chinese Yuan is currently used in less than 1% of crypto-trades. The Yuan used to be responsible for 90% of all crypto trades. China outlawed initial coin offerings (ICOs) and then began cracking down on crypto trading. The Chinese government has reportedly shut down 88...

Quantamize Jul 9, 2018

BitRewards has announced a partnership with OSA Decentralized. BitRewards is a blockchain-based rewards and loyalty system for e-comerce businesses. OSA Decentralized is an AI-drive blockchain platform that collects and analyzes data from retailers, manufacturers and consumers. OSA is an acronym for optimal shelf availability. The retail industry precedes...

Quantamize Jul 9, 2018

Cloud computing startup Oasis labs raised USD$45mm in a private token pre-sale that will develop a blockchain platform aiming to rival Amazon Web Services. The sale was led by “a16z”, a new crypto fund sponsored by Andreesen Horowitz. Investors in the fund include: Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and...

Quantamize Jul 9, 2018

A cryptocurrency mining malware infected over a million computers in China and earned its creators more than USD$2mm over the span of two years. Police in China’s Da Lian city have arrested 20 suspects from a computer technology firm. The suspects allegedly created and embedded malware inside internet browser plug-ins which were advertised via display ads to 5...

Quantamize Jul 9, 2018

The Financial Industry Regulatory Authority (FINRA) is requesting that member firms submit details regarding their cryptocurrency activities. The request is supplementing its existing efforts to “ascertain the extent of its member firms’ involvement. FINRA is looking for whether member firms have been trading cryptocurrencies, accepting cryptos from customers,...

Quantamize Jul 6, 2018

Europe’s largest trader of ETFs, Flow Traders NV, is moving into cryptocurrencies. The Amsterdam-based speed trader is making markets in ETNs based on Bitcoin or Ether. This move follows the big five US speed traders that have been making markets in cryptocurrency futures or the underlying digital tokens. Flow Traders have been hedging their trades of crypto notes...

Quantamize Jul 6, 2018

Quoine’s ICO platform is now allowing Bitcoin Cash users to use their BCH to take part in ICOs and private sales. The platform previously was permitting use of BTC, ETH, and Qash. Quoine’s ICO Platform, ICO Mission Control, claims to eliminate common risks associated with ICOs such as hacks, scams phishing and data leaks. Quoine handles all administrative ICO...

Quantamize Jul 6, 2018

Square has confirmed that it has withdrawn its application to the FDIC. The firm did say that it will refile later this year. However, Square still has an application pending with the Utah Department of Financial Institutions. The firm decided to withdraw its application so that it could amend and strengthen areas of its application. Square positions itself as a...

Quantamize Jul 6, 2018

SIX, the owner and operator of the Swiss stock exchange is launching a new fully-regulated cryptocurrency exchange. The newly announced digital exchange will be overseen by the Swiss national bank and the Swiss regulator, FINMA. The exchange is planned to launch in the first half of 2019 and will offer end-to-end trading, settlement and custody service for...