Blockchain 

Major Staffing Company Kelly Services Turns to Blockchain With New Partnership

Global staffing company Kelly Services announced a strategic partnership with online blockchain-based hiring platform Moonlighting. As Forbes reported on Aug. 14, Kelly Services will deploy Moonlighting’s blockchain-enabled hiring platform in a bid to streamline internal processes such as secure uploading of job seekers’ profiles and their distribution among various platforms. Moonlighting is based on EOSIO’s public blockchain and reportedly does not involve the use of a cryptocurrency. Moonlighting CEO and founder Jeff Tennery told Forbes that the biggest problem with the gig economy is its fragmentation, wherein people have to…

Read More
Bitcoin 

Crypto Mining Company CoinMine Secures $2.5 Million in Seed Round

Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post on Aug. 15. As part of the announcement, Coinmine said it will continue to support more cryptocurrencies and ship out “over-the-air” updates.  The company offers a product called Coinmine One, which is an all-purpose cryptocurrency mining computer that costs $700. The announcement also included a shoutout to previous investors, who include familiar names such as Coinbase Ventures…

Read More
Blockchain 

This Non-Profit Company Wants to ‘Decentralize’ Crypto Keys Themselves

A new proposal wants to take decentralization a step further by decentralizing the private keys themselves.  Trusting trustless bot with your crypto private keys Tide, a non-profit privacy advocate, claims to have developed a decentralized technology, which gives rise to a trustless bot or Delegated Automated Trustee (DAT) on the blockchain.  According to an announcement on Aug. 5, DAT can act as the custodian of a crypto-key, manage access to personal data or enable automated trading bots to access funds without having access to a full key. Essentially, the key…

Read More
Blockchain 

South Korean Holding Company Uses Ripple Fork to Develop Donations Platform

South Korean holding company SK C&C has unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token. South Korean news daily Chosun reported about the company’s initiative on Aug. 9. According to the report, the donation platform is still strictly in the planning phase. SK C&C head Lee Sun-min explained that issues with regulation and infrastructure development present barriers to launching their proposed platform: “Since…

Read More
Blockchain 

German Company Secures €750 Million ‘Eco-Friendly’ Loan Via Blockchain

German-based Dürr, one of the world’s leading mechanical and plant engineering firms, has secured a sustainability loan of 750 million euros, the interest on which is linked to its eco-friendly performance.  The credit agreement, reported on Aug. 8 by Finance Magazine (German), was self-initiated by Dürr, utilizing a blockchain-based syndicated loan platform. The consortium process was also digitized and backed by blockchain. The ins and outs of sustainable finance Sustainable or green finance is on the rise and in the current economic climate, has benefits for both investors and lenders.…

Read More
Ethereum 

Chinese Company The9 Said to Be First Foreign Telegram ICO Investor

According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states that The9 has invested in multiple blockchain-based companies as of 2018.  According to a report by Russian business news agency RBC on July 24, this document is evidence of The9 as the first publicly-known foreign investor. Per RBC, Telegram’s initial coin offering (ICO) investors are largely unknown.  During the first ICO, 81 investors…

Read More
Blockchain 

Japanese General Trading Company Backs Blockchain Platform for Wind, Solar

Marubeni Corp., a major Japanese sōgō shōsha, or general trading company, is now backing a blockchain-based power trading platform. Per a report by Reuters on July 23, Marubeni  has issued a loan to Lithuania-based blockchain project WePower. Per Reuters, the size of Marubeni’s stake in WePower after converting the loan is yet to be determined. WePower has reportedly developed a platform which allows small- and medium-sized enterprises to more easily buy power specifically from wind- and solar-based sources via standardized digital power purchase agreements. The platform aims to unlock tens…

Read More
Blockchain 

Energy Company E.ON Files Blockchain Patent for Data Analytics Device

Energy network company E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office.  E.ON announced the patent filing on the company’s website on July 19. As per the announcement, the device in question makes use of sensors to collect user data, which the user can then choose to sell as data analytics. According to the announcement, users supply data from smart home applications.  E.ON claims that the customer has sole control over who accesses any given portion of their data. This includes E.ON itself,…

Read More
Bitcoin 

Coinbase Looks to Launch a Captive Insurance Company with Aon: Report

United States’ biggest cryptocurrency exchange, Coinbase, is reportedly looking to launch a captive insurance company, industry news outlet Coindesk reports on July 10. Per the report, industry sources told the outlet that Coinbase is looking to launch its captive insurance company in partnership with insurance brokerage firm Aon.  According to accountancy news outlet CPAJournal, “a captive insurance company is a subsidiary formed by a private company to finance its retained losses in a formal structure under the guidance of an appropriate state insurance department.” Such a solution allows the company…

Read More
Ethereum 

BrewDog Now Lets You Buy Company Shares Paying With 10 Cryptocurrencies

Scottish craft beer brewery BrewDog has extended its latest crowdfunding to allow investors to buy shares in the form of cryptocurrency, the company tweeted on July 4.  BrewDog’s crowdfunding project, so-called “Equity for Punks” now accepts ten cryptocurrencies to become a shareholder. The supported cryptos include bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), ether (ETH), litecoin (LTC), ripple (XRP), OmiseGO (OMG), Qtum (QTUM), Augur (REP), and 0x (ZRX), as BrewDog stated in a recent blog post. Launched back in 2010, Equity for Punks program allows investors to buy a…

Read More