NEM Partners with Israeli-Lithuanian Telecom Startup on Cell Phone Security

NEM, one of the oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom startup FIX Network to increase security and data protection for cell phone users and to solve the issue of SIM swapping.  FIX Network will implement SYMBOL from NEM’s enterprise-grade blockchain into its existing cellular infrastructure. The goal is to secure the world’s eight billion SIM cards from cybercriminals with new privacy, security, management and safety solutions. Phone numbers may end up more important than social security numbers FIX Network’s architecture is designed to allow mobile operators to…

Libertarian Presidential Candidate Proposes ‘AmeriCoin’ to Achieve American Dream

Adam Kokesh, the first libertarian candidate of the 2020 U.S. presidential race, has appointed Alastair Caithness as his chief blockchain policy advisor. The purpose of this role will be to work on the development of a sovereign cryptocurrency, known as AmeriCoin. Going forward, Caithness will focus on the development of a cryptocurrency pegged to all the assets of the Federal government. These include the U.S. government’s substantial land, energy, gold, timber and mineral reserves, Associated Press reported on March 11.  To achieve the American Dream As such, Kokesh aims to…

Chinese Banks Use Blockchain Platform to Process Millions in Foreign Trade

Over 20 banks in Chongqing China have used a trade finance platform powered by blockchain to process over $56 million in foreign trade transactions. It has completed a total $460 million in export trade financing after a year-long pilot program, according to Chongqing Daily’s March 11 report.   The blockchain platform reportedly allows stakeholders to verify export receivables, tax documents and credit information automatically, which reduces labor-intensive processes and red tape.  Chinese regulators hope to leverage distributed technology to digitize financial data and information and share it instantly and securely.  The…

US Homeland Security Charges LocalBitcoins Seller on Money Laundering Charges

Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old. Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting with government agents “posing as criminals” interested in buying untraceable bitcoin for their human trafficking operation. Rhule was a seller on LocalBitcoins, a peer-to-peer trading platform used worldwide. Rhule is said to have closed eight deals with the undercover…

Bitcoin Clings to $7.8K but WHO Pandemic Declaration Sinks Markets

As equities markets across the globe continue to post hefty losses, Bitcoin (BTC) traders fought to keep the digital asset above the $7,800 support. Less than an hour ago the Dow closed down more than 1,400 points and the S&P 500 posted a 4.89% loss as the World Health Organization officially announced that the Coronavirus is now classified as a pandemic. The WHO announcement was followed by an ominous statement issued before the US Congress by Dr. Anthony S. Fauci, the director of the National Institute of Allergy and Infectious…

Chainlink to Partners With Hyundai CEO-Founded Firm for Oracle Problem

Chainlink, a major smart contract technology supplier, has tapped a new partnership to streamline one of the biggest issues around smart contracts. According to a March 11 tweet, Chainlink has partnered with Hdac Technology, a blockchain startup founded by Dae Sun Chung, CEO of South Korea’s largest car manufacturer, Hyundai. By bringing their forces together, the firms intend to jointly develop a system for delivering off-chain data on blockchain in an attempt to bolster smart contract execution. Specifically, Chainlink and Hdac will be addressing the blockchain oracle problem, which is…

Bitcoin Quickly Bounces After Price Loses Crucial $7,700 Mining Support

If you were around earlier this hour, you likely noticed the brief panic on Twitter when Bitcoin fell under $7,600; that was the lowest the cryptocurrency had traded at in literal weeks, not to mention it fell under crucial support. Though, over the past 20 minutes, the cryptocurrency has bounced, rapidly rallying from the low around $7,590 to as high as $7,805 as if investors had their fingers on the buy trigger. While seemingly irrelevant, as this was just Bitcoin rallying just over 2%, this small bounce was extremely important.…

Blockchain Africa Forges Ahead Despite Coronavirus Concerns

The Blockchain Africa conference kicked off on Wednesday in Johannesburg, South Africa, despite rising concerns about the Coronavirus outbreak. South Africa’s first cases of COVID-19 were confirmed at the beginning of the month. As of March 11, thirteen South Africans have tested positive for the virus. Despite the relatively low infection rate in the country, the South African government has taken a proactive and cautious approach to the virus. They have based their considerations on the dire situation in countries like China and Italy. Nevertheless, the ongoing crisis and travel…

New York Crypto Companies Move to ‘Work From Home’ in Face of Rising COVID-19 Threat

Kadena CEO Will Martino had already been considering abandoning his blockchain development company’s Brooklyn HQ before coronavirus came to New York City. The fast-spreading virus, however, recently convinced him the office had to go. On Feb. 21, he told his team to begin working from home. The New York Metropolitan area’s surging coronavirus count is forcing more of the region’s cryptocurrency and blockchain companies to prepare for an unsavory reality: Their offices may close without warning and their employees may need to begin working remotely. CDC officials say “social distancing”…

Protecting Crypto Holdings Becoming Mainstream

Insurance underwriters associated with Lloyd’s of London are now backing a new liability policy designed to protect cryptocurrency stored in online wallets. With a modest minimum of 1,000 British pounds ($1,275) in protected assets and rather flexible terms, the product seems to be geared for retail and corporate investors. But who is behind the novel service, and how will the policy work? Forces behind the innovation Despite the enthusiasm expressed in early media accounts for “insurance giant Lloyd’s backing crypto,” Lloyd’s of London is not an entity to which any…