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A World of Pure Imagination

When the Bitfinex attackhappened it sent ripples through the bitcoin community. Bitfinex was and is a leading exchange in the bitcoin space, offering liquidity in a market dominated by suspect trading volume and practices. The amount stolen from Bitfinex is somewhere in the neighborhood of $72 million, a potential death knell for the exchange service. Emerging from the other side of the hack, the…

IBM, BTMU to test blockchain for contract management

IBM Corporation logo. (PRNewsFoto/IBM Corporation)

International Business Machines Corporation (IBM) has announced it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan’s largest bank and one of the world’s largest, to study the design, management and execution of contracts among corporate partners using blockchain technologies.

The two establishments will begin by piloting…

Apple approves steem, lisk, digicash on App Store

Apple’s headquarters at Infinite Loop in Cupertino, California, USA. Joe Ravi – CC-BY-SA 3.0

The CEO of multi-token, multi-platform and multi-device blockchain wallet Jaxx, Anthony Di Iorio, has revealed details of his conversation with Apple Developer Support, saying that three more digital currencies, steem, lisk and digicash, have been officially accepted for inclusion in the iOS App Store.

A…

CoinAgenda to be held from Oct. 24-26; VIP dinner at Mike Tyson Mansion

Bally’s Hotel and Casino. Las Vegas, NV, USA.

BitAngels, the world’s largest angel network for investing in bitcoin companies, has announced that its bi-annual event, CoinAgenda, the first conference dedicated to bitcoin and cryptocurrency investors, for the year 2016 will be held from October 24 to October 26 at Bally’s Las Vegas Hotel and Casino.

A VIP dinner will take place on October 25th at…

Firm behind global freight blockchain announces technology framework, ITO

Two container ships pass in San Francisco Bay

The company behind Blockfreight™, the world’s first end-to-end blockchain solution for the global cargo shipping industry, has announced its technology framework and initial token offer of up to $1.9 million of Blockfreight™ Tokens [BFT:XCP] at a discount to their US $1.00 retail value.

In a press release CoinReport received, the Australian-based…

Blockchain: Money unveils names of speakers for London event in November

Organizers of the financial technology conference “Blockchain: Money”, who will be bringing industry leaders together on November 6 and 7, 2016 in London, have the event’s speakers.

Speakers will discuss actionable approaches, technologies and innovations encompassing topics including the blockchain, bitcoin, regulation, investing, the Internet of Things and startups.

“These speakers represent…

Swiss film firm creates Ethereum smart contract to fund indie

‘The Pitts Family Circus’

Swiss-based independent film production company A Ken Evil Thing has created an Ethereum smart contract to fund their low-budget independent film project titled “The Pitts Family Circus,” offering limited 666 shares of the movie to interested investors.

In a press release sent to CoinReport, the company said that theirs will be the first ether (ETH)-financed movie…

Blockchain to challenge illegal fishing, slavery in industry

Commercial crab boat working in the North Sea

UK-based company Provenance, which started development of one of the first applications on Ethereum back in August 2015 when Ethereum launched the first stage of its decentralized application platform, has tested the blockchain technology to encounter illegal fishing and human rights abuses in the fishing industry.

Provenance wants to reveal the…

Monero more than sextuples in a little over a month

The total value of all monero in circulation has more than sextupled in a little over a month. The altcoin, which was launched in April 2014, using ticker “XMR,” is trading for a little more than $12.50 at the time of this writing.

According to coincap.io, monero is ranked 5th in terms of overall market value, with a market cap around $153,432,219 at the time of this writing.

The market cap is up…

NNSA lab helps federal law enforcement create cryptocurrency forensic tool

Researchers at the Sandia National Laboratories, two major United States Department of Energy research and development national laboratories managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin), have developed a set of requirements for an analytical tool that can be used to overcome challenges brought by cryptocurrencies, according to an email sent to…

Purse.io: The DADT Business of Bitcoin

Obverse of the series 2009 $100 Federal Reserve Note

Imagine you have $100. That’s U.S. fiat dollars, mind you. You’re in a foreign country, like Morocco or France. In order to spend your money you either need to find someone that will exchange your U.S. dollars to the local currency, or find merchants that accept U.S. dollars. That’s probably not overly challenging in a world dominated by the…

Rakuten buys IP assets from Bitnet, announces blockchain lab

Prominent Japanese e-commerce site Rakuten has purchased intellectual property (IP) assets from Belfast-based bitcoin payment processor Bitnet and announced the opening of a blockchain lab, reports TechCrunch.

The news comes after a Wall Street Journal article in July said a deal could possibly be in the works. The amount paid for the assets is undisclosed.

Rakuten was among the investors in a $1…

Ransomware attacks zoom as bitcoin’s use grows

According to the U.S. Department of Justice, ransomware attacks have quadrupled this year from a year ago, averaging 4,000 a day, reports the Wall Street Journal (WSJ).

Although ransomware dates back to the late 1980s, says the report, attacks spiked this year amidst the rising use of bitcoin and enhanced encryption software.

In a ransomware attack, computer files are encrypted and held hostage…

CEX.IO announces 0% maker fee

UK-based cryptocurrency exchange CEX.IO has announced the launch of a Maker-Taker model. In an email sent to CoinReport, the exchange said that within the new fee schedule, maker fee is set to 0%.

“This is a major improvement to encourage even higher liquidity across CEX.IO markets,” said the exchange.

Regarding what maker-taker model is, the email explained that taking a closer look at the order…

WEF Report: Blockchain to challenge status quo

World Economic Forum (WEF) headquarters in Geneva, Switzerland

The World Economic Forum (WEF) says in its report entitled “Opportunities & obstacles: Blockchain and the future of financial infrastructure” that distributed ledger technology, or blockchain technology, will drastically challenge the status quo.

The report, which was released last week, utilizes over 12 months of research, engaging…

TradeZero, Jered Kenna unite to create bitcoin ‘dark pool’ exchange

Nassau, Bahamas-based and Securities Commission of the Bahamas-registered online broker dealer TradeZero has partnered with bitcoin serial entrepreneur Jered Kenna to create the world’s first “dark pool” exchange for bitcoin and eventually other digital currencies.

Dark pools, which refer to off-exchange trading between two parties, make up over 40 percent of the volume of stocks being traded on…

HEAT raises 1632 BTC worth of digital currency investment

Self-appointed Generation 3.0 cryptocurrency platform HEAT has raised 1632 BTCs worth of various cryptocurrencies during their four-week crowdfunding period that closed midnight August 9, according to a press release sent to CoinReport.

The ICO pageof HEAT’s website mentions that final unconfirmed investment amounts are 608.45 BTC (stage 2); 16,124.99 ETH (stage 2); 255,621,021 FIMK (stage 4) and…