Blockchain 

ConsenSys-Backed Kaleido Launches B2B Tech Stack With ‘Plug-and-Play’ Features

Kaleido has launched a new business-to-business (B2B) tech stack with a view to helping companies “reinvent their core payment systems and supply chains,” according to a news release obtained by Cointelegraph on May 15. The ConsenSys-backed company said the stack brings together the necessary tools and technologies that businesses need to build modern networks delivering operational improvements and new revenue streams. According to Kaleido, businesses that use its platform will easily be able to digitize assets by issuing custom tokens. Other features, including an asset registry, document store and app-to-app…

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Blockchain 

Samsung’s Budget Smartphones Will Reportedly Have Cryptocurrency and Blockchain Features

Budget smartphones released by South Korean consumer electronics giant Samsung will reportedly feature cryptocurrency and blockchain features, local English-language local media Business Korea reports on May 14. Per the report, the crypto and blockchain-related functionality included in the Samsung S10 will be included in other Galaxy smartphone models. The electronics producer also reportedly plans to cooperate with telecommunications companies on blockchain-based mobile identification cards and local currencies. Chae Won-Cheol, senior managing director of the product strategy team at Samsung Electronics’ Wireless Business Division, reportedly said: “We will lower barriers to…

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Blockchain 

Qtum Confirms Google Cloud Features Rollout to Improve User Accessibility

Decentralized blockchain platform Qtum is working with Google Cloud as a software partner to increase the ease of launching native products for users, the company confirmed in a blog post on May 2. Qtum, which like the Ethereum (ETH) platform focuses on smart contracts and decentralized applications (DApps), has already released a suite of developer tools on Google Cloud, which executives hope will further uptake. “Google Cloud is the perfect partner to help us make the blockchain ecosystem simpler and more intuitive. Where launching a node was once an intensive…

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Blockchain 

JPMorgan Chase to Add New Features to Blockchain-Powered Network for Global Banks

JPMorgan Chase (JPM) is expanding the use of its blockchain technology to help reduce the number of global payments rejected by errors, the Financial Times reported on April 21. The United States financial giant is adding new features to its Interbank Information Network (IIN,) which is now used by more than 220 banks around the world. The technology was initially designed to help institutions share payments data in real time — cutting delays in processing times. John Hunter, JPM’s head of global clearing, said it has built a new feature…

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Ethereum 

Decentralized Platform Launches New Features as Demand for Crypto Lending Increases

A decentralized peer-to-peer network says it is well placed to cater to the growing demand for crypto lending, and has unveiled new tool that allows users to borrow USD-backed stablecoins against cryptocurrency collateral. Nitrogen cites research from Bloomberg that shows how demand for loans backed by crypto collateral soared in 2018, as the price of Bitcoin and other coins began to decrease. It says its service enables users to “borrow and lend in a safe and transparent way” — with a range of intuitive features targeted at them on both sides…

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Blockchain 

Tron Will Hard Fork in February to Add Institution-Friendly Features, CEO Confirms

Blockchain development platform and BitTorrent owner Tron will debut a host of upgrades via a hard fork at the end of the month, CEO Justin Sun confirmed on social media on Feb. 23. Tron, which presents itself as a competitor to Ethereum (ETH) for launching cryptocurrency tokens and other offerings, is preparing to increase its appeal to institutional users. According to Sun, the hard fork will deliver institution-handling capabilities, as well as other features such as multi-signature abilities and account management options. Tron’s TRX token appeared to react to the…

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Bitcoin 

FBI Outline Key Features of Scam ICOs, Warns Investors to Be Vigilant

The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial news site the Paypers on Feb. 19. According to the FBI, the key strategies of scam offerings include misrepresentations of their directors’ professional experience, an engineered false impression of how much traction the ICO has garnered in the industry, and unrealistic promises of prospective returns on tokens: “Like any investment product, rates of…

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Bitcoin 

Samourai BTC Wallet Removes Security Features at Google’s Behest for Transparency Policy

  Bitcoin (BTC) wallet provider Samourai Wallet said it was disabling several security-related features in its products due to notices from Google to block the wallet, according to a Jan. 7. blog post. Samourai, which has aimed to provide a Bitcoin-centric experience through adding enhanced anonymity options and removing references to fiat currency, confirmed it was removing three functions from its wallet in time for its latest update released Tuesday. “Again, we are sorry for this inconvenience, but our hands have been tied by Google,” the blog post reads, adding:…

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Blockchain 

CLSNet Blockchain Payment Netting Service Launch Features Goldman Sachs, Morgan Stanley

U.S. forex exchange (FX) settlement giant CLS’ blockchain payment netting service has gone live today, Nov. 28. According to the the company’s press release, Goldman Sachs and Morgan Stanley are among the initial users of the service, which was built in conjunction with IBM. The CLS Group reportedly settles an average of $5 trillion in payment instructions daily, and has members including Goldman Sachs, JPMorgan, Barclays, and Citigroup. The company’s CLSNet, described as the “first global FX market enterprise application running on blockchain in production,” also has “committed” participation from…

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