Ripple was put on the defensive at a hearing on cryptocurrencies and blockchain at the U.K. Parliament after a former developer criticized the company’s products. According to CoinDesk, Martin Walker, a former product developer at blockchain consortium R3, singled out Ripple’s XRP cryptocurrency and blockchain...
MOBI, the Mobility Open Blockchain Initiative, debuted on Wednesday (May 2) to explore blockchain for use in transportation. In a press release, the group, which includes BMW, Bosch, Ford, General Motors, Groupe Renault, ZF, Aioi Nissay Dowa Insurance Services USA and others, will focus on...
Origin Protocol, a blockchain-based sharing economy startup, has brought a PayPal co-founder on board as a research and development engineer, CoinDesk reported. Yu Pan will spearhead the startup’s research team, according co-founder Josh Fraser. Prior to his new role, Pan was also an early YouTube...
SoFi Founder and former CEO Mike Cagney is getting ready to launch a startup offering home equity loans. According to Bloomberg, Cagney has raised $50 million for San Francisco-based Figure, which will use blockchain to expedite loan approvals in minutes rather than days. Sources say...
Ripple has announced that five new customers across Europe and Asia will use xVia to power payments over RippleNet, its blockchain network. The companies partnering with Ripple are FairFX (U.K.), RationalFX (U.K.), Exchange4Free (U.K.), UniPAY (Georgia), and MoneyMatch (Malaysia). xVia is an API solution enabling payment...
Russia has set its sights on blockchain, aiming to lead in the technology just as the U.S. lead with the Internet, reported The New York Times. The report cited comments the head of the Russian delegation made last year at an international standards-setting meeting for blockchain,...
It didn’t get to $10,000. That might be the headline news about bitcoin. But then again, it wasn’t $6,000 either. Nor even the $7,000 level seen earlier this month. At a recent $9,300, bitcoin may or may not be stabilizing. Recent coverage in the financial...
Bitcoin is pushing against the upper limits of its supply, CoinDesk reported. The 17 millionth bitcoin was expected to be mined on Thursday (April 26). That’s only a few million less than the 21 million bitcoins that can be mined under the cryptocurrency’s current limits....
IBM announced on Thursday (April 26) that it has partnered with a consortium of leading diamond and jewelry companies around the globe to create a blockchain product to authenticate diamonds, precious metals and jewelry. According to IBM, the blockchain collaboration, dubbed TrustChain, will track and authenticate the...
