Ethereum 

ETH Smart Contract FairWin Is Empty

Ethereum (ETH) smart contract FairWin, recently accused of being the fastest-growing Ponzi scheme on Ethereum, was emptied. According to Etherscan’s data, at press time FairWin’s balance is exactly zero ETH. Yet, the smart contract held over 49,518 ETH just a few days ago on Sept. 26. FairWin’s value also topped at over $10 million on Sept. 21. The fastest-growing Ponzi scheme on Ethereum It is unclear whether the contract was drained by its owner, some malicious actors or concerned users, but the multitude of withdrawing addresses suggests the latter. As…

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Ethereum 

Brooklyn Nets’ Spencer Dinwiddie Cannot Tokenize His $34M Contract

The National Basketball Association (NBA) notified Brooklyn Nets’ player Spencer Dinwiddie that he cannot tokenize his $34.4 million contract. As The New York Times reported on Sept. 27, the NBA pointed out that Dinwiddie’s initiative goes against the collective bargaining agreement in a statement sent to the outlet. The statement reads: “According to recent reports, Spencer Dinwiddie intends to sell investors a ‘tokenized security’ that will be backed by his player contract. The described arrangement is prohibited by the C.B.A., which provides that ‘no player shall assign or otherwise transfer…

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Blockchain 

Tezos Foundation Issues Batch of Grants to Smart Contract, Explorer Projects

The Tezos Foundation has issued grants to projects submitted in response to its latest request for proposals. Per a Sept. 10 announcement, the foundation has released 14 new grants to projects targeting the advancement of the Tezos project. Recipient projects prioritized developments such as applications built using Tezos smart contracts, Tezos block explorers, tools for smart contract development, Tezos-focused training resources and marketing initiatives that improve awareness of the ecosystem. Range of recipient projects that won Tezos grants The foundation accompanied the announcement with a description of the projects, of…

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Blockchain 

Brazilian State Launches Blockchain Platform for Government Contract Bids

In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12. The blockchain-based solution, called Online Bid Solution (SOL) was reportedly developed by Cayenne Technology and Design. Bids will reportedly be completely transparent and secure due with the application of blockchain tech. According to Bahia government, the intended beneficiaries of SOL appear to be the Brazilian agriculture industry. The solution is designed to help connect agriculture organizations in Bahia with…

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Blockchain 

US CFTC Approves LedgerX’s Application for Designation As Contract Market

The United States Commodity Futures Trading Commission (CFTC) has approved the application of LedgerX LLC for designation as a contract market, according to an announcement published on June 25. LedgerX — a U.S.-based regulated crypto derivatives and clearing platform — can operate as a designated contract market (DCM) as of June 24, 2019. The company’s activities will be registered under Section 5 of the Commodity Exchange Act (CEA) and Part 38 of the CFTC’s regulations. Registration as a DCM will require that LedgerX maintain compliance with all applicable provisions of…

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Blockchain 

Canadian Blockchain Company Signs Contract with Seoul Ministry of Transportation

Canadian tech firm Graph Blockchain Inc. has partnered with the Ministry of Transportation in Seoul, South Korea, to run a pilot program for blockchain-based traffic data storage, according to a news release on June 24. Graph Blockchain reportedly signed a contract for around $55,000 CAD, or approximately $41,695 at press time, to run this pilot program as part of the “Smart City initiative.”  According to the CEO of Graph Blockchain, Jeff Stevens, the company intends to use its blockchain solution to “streamline and protect” traffic data. Graph Blockchain purportedly uses…

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Blockchain 

Digital Asset Partners With Amazon AWS Aurora on Smart Contract Language Interoperability

Blockchain software firm Digital Asset has partnered with Amazon Web Services (AWS) Aurora to make its open-source smart contract language Digital Asset Modeling Language (DAML) more interoperable. The partnership was revealed in a press release acquired by a Cointelegraph correspondent at the IMN Synchronize Europe Conference in London on June 18. The partnership will enable multi-platform DAML support for various blockchain networks, notably including Hyperledger Fabric and blockchain consortium R3’s Corda, both specifically cited in the press release. Introduced in April 2016, DAML is an expressive language designed for financial…

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Blockchain 

Enigma’s Ethereum-Based Private Smart Contract Testnet Goes Live

The testnet of private smart contract network Enigma has been launched, the developers announced in a Medium post published on June 11. Per the announcement, the test network, dubbed Discovery, allows developers to start developing their decentralized applications (DApps). Furthermore, contracts hosted on the Discovery testnet will reportedly be immediately deployed on the Ethereum (ETH) network once Enigma has been implemented on the mainnet. The newly launched network reportedly enables privacy for general computations, which enables DApp developers to create secure applications, according to the post. The author of the…

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Blockchain 

EY Launches Beta Test Version of Smart Contract Analyzer for Ethereum Blockchain

Big Four auditing firm Ernst & Young (EY) has launched a private beta test version of its new Smart Contract Analyzer tool for the public Ethereum (ETH) blockchain. The news was announced in an EY press release on April 16. The tool is described as a testing and security service that will allow companies and individual investors to assess smart contracts and associated tokens for known security risks. Developed by the EY Blockchain Security Lab in Israel, the tool works for tokens and contracts either prior to their launch or…

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Blockchain 

Blockchain Firm Digital Asset Integrates Smart Contract Language With Hyperledger

Blockchain software firm Digital Asset will integrate their smart contract language DAML with Hyperledger Sawtooth, a modular platform for distributed ledgers. Digital Asset announced the development in a blog post on April 16. In the post, Digital Asset revealed that it has begun working with Hyperledger members, Blockchain Technology Partners (BTP), in order to integrate the Digital Asset Modeling Language (DAML) runtime with Hyperledger Sawtooth, which is a modular platform for building, deploying, and running distributed ledgers like blockchains. The company explained that a number of the Hyperledger Sawtooth characteristics…

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