Blockchain 

Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

Standard Bank, Africa’s largest bank by total assets, has joined blockchain-based trade finance network, the Marco Polo Network. Standard Bank will now develop trade finance solutions alongside major global financial institutions such as French BNP Paribas and Dutch ING, according to a press release on Aug. 22. Backed by the world’s biggest bank, the Industrial and Commercial Bank of China, Standard Bank is the first African bank to join the network, the press release notes. To date, the Marco Polo Network includes over 20 global financial firms such as Commerzbank,…

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Blockchain 

Polkadot Soft-Launches Its Experimental ‘Canary Network’ Kusama

Blockchain interoperability protocol, Polkadot, launched its experimental “canary network” dubbed Kusama, this morning, Aug. 23. In a blog post, the team announced the first deployment in the wild of its protocol, combining “bleeding-edge technical improvements in governance, consensus and scalability.” Limited functionality for soft launch In order to get off the ground, Kusama was begun as a Proof-of-Authority (PoA) network. All validator nodes are currently being run exclusively by the Web3 foundation. During this initial period much of the functionality is disabled, most notably balance transfers and governance. Functionality will…

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Bitcoin 

Casa Releases Node Monitor Service to Improve Bitcoin Network Health

Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor and accompanying rewards program to promote Bitcoin network health. Casa announced the new projects in an official blog post on Aug. 21. Per the announcement, the node monitor — called Node Heartbeats — relies on establishing a brief connection between Casa’s server and an online, synced and Tor-activated node owned by a customer. The rewards program lets Casa node users earn 10,000 SatsBack per week in exchange for performing 5…

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Blockchain 

Bitcoin Lightning Network Implementation C-Lightning Gets an Upgrade

Blockchain development company Blockstream announced the release of version 0.7.2 of its scalability software c-lightning. On Aug. 20, Christian Decker, a blockchain researcher at Blockstream, announced the new release on Twitter. According to the post, the latest version of c-lightning supports dynamic plugin management as well as “the upcoming signet.” This version is also named “Nakamoto’s Pre-approval by US Congress,” and is available via GitHub. C-Lightning and the Lightning Network As previously reported by Cointelegraph, c-lightning is one of the implementations of the Lightning Network, which is an additional layer…

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Bitcoin 

New Bitcoin Network Hash Rate High Suggests Price Is Next

The Bitcoin (BTC) hash rate has broken yet another new all-time high, according to Aug. 19 data from monitoring resource Blockchain.com. The top coin’s hash rate has continued to break previous records throughout summer, today hitting an whopping 82.5 TH/s. Bitcoin network hash rate, 1-year chart. Source: blockchain.com Network Fundamentals The hash rate of a cryptocurrency — sometimes referred to as hashing or computing power — is a parameter that gives the measure of the number of calculations that a given network can perform each second. A higher hash rates…

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Blockchain 

Amazon Tech Experts-Backed Blockchain CRM Network Raises $3.5M

Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round. The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic Capital, Alphabit Fund, Block VC, Kosmos Capital, LD Capital, Monday Capital, Pre Angel Fund and Republic Labs. Alongside with the investment, Cere Network announced the launch of a new office in New York, as…

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Blockchain 

NEO Is in Talks to Integrate Celer Network to Improve Scalability

Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability. Faster transactions, more possibilities As industry-focused news outlet Crypto Briefing reported on Aug. 17, John Wang, NEO’s director of Eco Growth, said that integration with Celer is under discussion. Celer’s platform is a solution that enables faster off-chain transactions both for payments and generalized off-chain smart contracts.  To transfer value across the network, Celer uses its native CELR tokes. According to the report, community members say that Celer is fifteen times faster than Bitcoin’s (BTC)…

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Blockchain 

CoinGecko Joins AMLT Network to Combat Exchange Fraud, Scams, Hacks

Crypto market aggregator CoinGecko has joined the network of blockchain analytics and anti-money laundering (AML) company Coinfirm. This partnership will reportedly allow CoinGecko to improve its exchange Trust Score algorithm, as well as provide users with a means to report scams and hacks. The companies shared a press release with Cointelegraph on Aug. 16. According to documentation from Coinfirm, the company runs the AMLT network that allows members to report cryptocurrency addresses tied to hacks, ransomware, scams and fraud. Coinfirm then blocks these users and funds across the AMLT network.…

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Bitcoin 

Celsius Network Incorporates Bitcoin.com Platform to Streamline Services

A new partnership between crypto lending and borrowing platform Celsius Network and fintech-focused media outlet Bitcoin.com aims to streamline digital currency-related services for crypto owners using the Celsius App. Per a press release published on Aug. 15, Celsius has integrated Bitcoin.com’s trading platform into its Celsius App to simplify cryptocurrency holders’ access to financial services. Users can now purchase a range of major cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH) through Celsius App using Bitcoin.com’s crypto trading platform. The release also hints that the companies expect further…

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Blockchain 

Indian Telecom Jio Reveals Blockchain Network for 330 Million Customers

Indian telecoms provider Reliance Jio Infocomm Limited (known as Jio) has pledged to build what it describes as one of the world’s largest blockchain networks. Chairman: Nodes to be active from day one Speaking at the company’s 42nd AGM (1.01) on Aug. 12, chairman and managing director Shri Mukesh D. Ambani said blockchain technology formed one of three main areas of expansion for Jio.  Since debuting in 2015, the company has become one of India’s major mobile networks, with a current user base of over 330 million people.  “Over the…

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