Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3.
The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright.
The eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the Tron Foundation.
Many of the company’s principals are named, including several leading…
A Canada-based company is turning to blockchain technology in their efforts to fight the coronavirus pandemic in Latin America.
Emerge, a blockchain startup based in Toronto, is launching a public safety system app called Civitas to assist local authorities in many nations. According to a company blog post, the app was designed “to improve safety and cut store wait times by reducing gatherings in tight spaces, reducing the probability of contagion.”
The software program could associate locals’ government ID numbers with unique blockchain records, allowing authorities to determine if they qualify for permits to leave their homes. …
Bitcoin (BTC) price has gained more than 10% in the last week, giving bulls some hope that the road ahead is a bright one for the leading digital asset.
However, despite an effort to blast through the critical resistance level of $7,200 as mentioned in last week’s analysis, there was a huge rejection bringing home the reality that perhaps it may be a little too soon to be expecting a miraculous bounce back to the $8,000+ levels.
European football governing body, Union of European Football Associations (UEFA) has recently joined the league of organizations adopting the cryptocurrency industry and blockchain technology. UEFA says it will unveil its new blockchain ticketing system in the forthcoming competition. The umbrella body for 55 European nations football association is moving with the times as it announced this today ahead of the UEFA Euro 2020 competitions.
To enhance the fans’ football experience, the UEFA blockchain ticketing system will involve the distribution of match tickets to fans through a mobile ticketing system application.
UEFA said the euro 2020 competitions will be it’s biggest…
Yesterday Danone unveiled its Track & Connect service, a blockchain food traceability solution to provide greater transparency for its baby formula brands, including Aptamil. It has already launched in China and will be rolled out this year in France, Germany, Australia and New Zealand.
The choice of China for the launch may not just be related to market size. There have been several scandals in China around baby milk and vaccines. In 2008 six babies died from kidney stones, and 54,000 were hospitalized after large amounts of melamine were found in infant formula. In 2018 a Chinese firm sold substandard…
Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike. The year 2019 was groundbreaking, with large, multinational companies beginning to draw attention to the new sector of digital assets and develop their own projects. In 2020, however, new games backed by different technologies are starting to emerge. So, what does 2020 hold for crypto games?
There are a lot of fungible tokens that the crypto community uses every day, like Monero (XMR) and so on. An excellent example of such tokens…
Deloitte research found that Canada produced 3.3 million tones of plastic waste in 2016, of which only 11% was recycled. At the current rate, Canadians will annually dispose of $11 billion of plastic materials by 2030.
BASF has a novel approach to the recycling process, which involves a series of badges that will help recyclers with mechanical sorting of collected plastics because the badges can be scanned.
“There is a clear global challenge around…
Yesterday Deutsche Telekom announced that with three other telecoms firms, it’s testing a production-ready blockchain solution. The solution helps to draft and sign inter-operator roaming discount agreements.
The participants are Deutsche Telekom, T-Mobile US, Telefonica, Orange and the GSMA. Every telecom company has numerous agreements with others for roaming, and a blockchain enables a definitive source of the current agreement terms which cannot be tampered with.
The solution combines a legal framework, governance model and integration with IT infrastructures. …
The public distributed ledger (DLT) IOTA has temporarily halted part of its network to investigate wallet thefts. Transactions that don’t have any financial value are still happening, but the IOTA Foundation switched off the coordinator, which validates token transfers.
IOTA is one of the public distributed ledgers that is fairly popular with enterprise users, especially in the engineering sector. It has partnerships with the likes of Bosch, Jaguar Land Rover and ST Microelectronics. It’s a tangle, not a blockchain, and is much more performant by comparison.
In the early days, there were serious security vulnerabilities that were subsequently rectified. …
Joseph Lubin, a co-founder of Ethereum and the head of ConsenSys, the biggest blockchain software company in the world, re-affirmed his initiative to bring more than a million developers into the ETH ecosystem at ETHDenver.
ConsenSys first introduced the “1 Million Developers” initiative in October 2019 to expand the developer community of Ethereum and encourage a wide range of individuals to work on the blockchain protocol.
In 2017, Ivey Business School professor JP Vergne said that the best predictor of a cryptocurrency’s price is its developer activity.