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Understanding & Adopting Digital Assets: Ambitious Use Cases Become a Reality

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Todd McDonald. Source: a video screenshot, Youtube, Hyperledger

Todd McDonald is the Co-Founder & Chief Product Officer of R3, an enterprise blockchain technology company. ___

2019

Last year could certainly be described as one where blockchain technology came into its own. Regulators and policymakers came up the learning curve substantially, understanding the…

Iranian President Calls for National Crypto Mining Strategy – CoinDesk

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Iranian President Hassan Rouhani has ordered the government to draw up a renewed national approach for the emerging crypto industry.

Chairing Iran’s economic coordination headquarters – a seminar for the national economic strategy – earlier this week, Rouhani told officials from the Central Bank of Iran (CBI), energy department and information and communication technology ministries…

Brazil Watchdog Reopens Probe into Banks that Cut off Crypto Exchanges

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There is new hope for the Brazilian crypto exchanges whose banking activities were halted abruptly some two years ago by a collective comprising some of the nation’s top commercial banks.

Per news agency FolhaPress, the Brazilian finance watchdog, the Administrative Council for Economic Defense(known locally as the CADE) has voted in favor of a proposal to reopen…

Caught Up in Steem Squabble, Bittrex to Return Tokens Diverted in Hard Fork – CoinDesk

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Bittrex really didn’t want to get involved in the war that’s currently raging within the Steem community.

Richie Lai, co-founder of the U.S.-based crypto exchange, posted an announcement late on Wednesday saying his firm would return – reluctantly, it seems – million of dollars worth of disputed cryptocurrency back to a Steem wallet no one knows who controls.

After the 23.6 million…

Chinese Communist Party Wants Members to Learn about Bitcoin + More News

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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Adoption news

The Chinese communist party has published a new book about digital currencies designed to educate party members on the finer details of blockchain-powered finance. The book, permed…

IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade – CoinDesk

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IBM has become a shareholder in we.trade, the trade-finance platform jointly owned by 12 European banks, signaling further consolidation across the enterprise blockchain space.

Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion.

“Now we’ve got a very strong partnership with IBM for scaling…

Someone Just Moved 50 Bitcoins, Prompting Speculations It’s Satoshi Nakamoto

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Source: Adobe/Kevin

50 bitcoins (BTC) (USD 477,500), minted in the first month of Bitcoin’s existence and untouched for more than 11 years were moved today, prompting a wave of speculations that Satoshi Nakamoto “has awakened.” However, multiple industry players denied that these coins were moved by Bitcoin’s creator.

Here is the transaction:

However, Jameson Lopp, CTO at crypto…

UMA Project Creates Its First Synthetic Coin, Matching ETH Against BTC – CoinDesk

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Want to bet the price of ether (ETH) is rising relative to the price of bitcoin (BTC)? There’s now a token for precisely that.

On Tuesday night, the UMA Projectcommunity approved contracts that allowed creating its first token: ETHBTC. This is a synthetic token whose value tracks the relative value of ETH to BTC, so if ETH is worth $200 and BTC is worth $10,000, an ETHBTC should be…

Bitcoin Mining Difficulty Drops More Than Estimated

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Starting today, mining Bitcoin (BTC) has become easier than in the end of April.

On Wednesday morning (UTC time), BTC mining difficulty, a measure showing how hard it is to compete for mining rewards, dropped by 6%, to 15.14 T, while a week ago, some analysts estimated a c. 2% drop. In April, difficulty increased from 13.91 T to 14.72 T and then to 15.96 T.

T…

Bitcoin-Backed Ethereum Token tBTC Paused Due to Poorly Tested Redemption Code – CoinDesk

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Keep Network says a flawed code addition forced the shutdown of its bitcoin-backed Ethereum token, tBTC, just two days after it launched.

On May 18, deposits of bitcoin into tBTC were paused for 10 days – a move prompted by a bug that was supposedly missed by a security audit and was later found by two of the network’s contributors.

That bug, revealed in a Medium blog postWednesday,…

Blockchain Can Trace Foods, But the Industry is Still Behind the Curve

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Source: Adobe/KomootP

Michael Rogerson, PhD Candidate, University of Bath, and Glenn Parry, Professor of Digital Transformation, University of Surrey. _____

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery in Vietnamese fisheries to the persistent problem of child labourin the cocoa industry. Perhaps the most well…

Market Wrap: Here’s Why Ether’s Price Has Jumped 65% So Far This Year – CoinDesk

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While bitcoin (BTC) is often discussed as the cryptocurrency best suited for turbulent times, the price of ether (ETH), the second-largest digital asset by market capitalization, has been substantially outperforming bitcoin since the start of 2020. But ether has much different technical dynamics to consider than bitcoin.

As of 20:00 UTC (4 p.m. ET), ether was trading at $211, a loss…

Facebook Libra ‘Rival’ Celo Says its Mainnet Is Now Live

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Celo, a blockchain project that has been deemed as a competitor to Facebook’s Libra project, says its mainnet is now live, following almost three years’ worth of development.

The project’s operators stated that the mainnet’s Celo Gold (cGLD) stablecoin was now available for transfer after work was completed by a group of what they called “over 100 independent…

BitMEX Trading Engine Goes Offline, Company ‘Investigating’ – CoinDesk

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The trading engine for BitMEX, formerly the largest bitcoin derivatives exchange measured by open interest, went down on Tuesday at 12:13 UTC, according to the exchange’s status page.

BitMEX supported roughly $2.2 billion in bitcoin futures trading volume over the last 24 hours, according to Skew. 

At 12:28 UTC, BitMEX updated the incident to a “major outage” and took the trading…