JP Morgan‘s Cryptocurrency to Begin Customer Testing This Year

An interview with JPMorgan’s head of digital treasury services and blockchain Umar Farooq has revealed that the financial giant is getting ready to test out their JPM Coin with clients, as per a report from Bloomberg Japan, June 25, 2019. Trial Phase As per the report, Umar Farook disclosed that JPM Coin, the firm’s dollar-backed […]

Walmart China Will Track Food in Supply Chain with Vechain’s Thor Blockchain

Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise […]

VeChain Inks Landmark Partnership with Walmart China to Ensure Food Safety via Blockchain

Supply chain-focused blockchain project VeChain (VET) has inked a significant partnership with Walmart China to ensure the safety of perishable food products. VeChain announced the development through a Medium post published June 25, 2019. VeChain Lands the Big Fish Emerging technologies like artificial intelligence (AI), machine learning, Internet of Things (IoT), and blockchain have often […]

JPMorgan Will Pilot ‘JPM Coin’ Stablecoin by End of 2019: Report

The United States’ largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25. Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company’s intention to launch pilot testing of JPM Coin with selected […]

Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits

On June 24, well known nonprofit the Tony Hawk Foundation revealed it is now accepting cryptocurrencies for donations through Bitpay. The foundation founded by the pro skater Tony Hawk has funded 623 skatepark projects and now people can donate with BCH and BTC. With the latest collaboration, Bitpay now services over 100 nonprofit organizations processing […]

Pot Startup Uses the Blockchain to Smoke Out Weed Strains

In what amounts to interesting – and very cannafuturoid – word salad, a Panamanian company called TheraCann has begun to add “DNA tag-based forensic traceability and authenticity with TruTrace’s Industry Blockchain Hub.” In other words they’re sequencing your weed’s DNA and sticking it onto the blockchain. “The biotrace system provides seed-to-sale traceability for cannabis and […]

Criminals Rarely Use Crypto to Withdraw Stolen Funds

In Russia, fraudsters rarely use cryptocurrency to withdraw stolen money, according to the country’s central bank. The news was reported by local news outlet TASS on June 21. The first deputy director of the Information Security Department of the Bank of Russia, Artem Sychev, told TASS that the central bank monitors methods of withdrawing funds […]

Bitfinex CTO Hints at Maximum Leverage for Upcoming Derivatives Trading

Cryptocurrency exchange Bitfinex CTO Paolo Ardoino hinted at the maximum leverage for the exchange’s upcoming derivatives trading, in a tweet published on June 24. In the tweet, Ardoino purportedly indicated the maximum leverage for Bitfinex’ forthcoming derivatives trading, which resulted in a heated discussion between community members. In response to the answer whether it will […]

President of Uganda to Lead Blockchain Conference in Kampala in July

The President of Uganda, Yoweri Museveni, will officiate the 2019 Africa Blockchain Conference, according to a report by Kabuubi Media Africa on June 24 According to the report, The 2019 Africa Blockchain Conference — not to be confused with  The Blockchain Africa Conference 2019 which occurred in April — will be held from July 3 […]

Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack

The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24. While the amount of sETH in question is known to be over 37 million, the price of this loss in U.S. dollars is reportedly unknown due […]