The Chainsmokers Back Blockchain-Based Ticketing Platform Yellowheart

American EDM-pop duo The Chainsmokers are backing a new blockchain-based ticketing platform. Platform allows artists to control the secondary ticketing market Alongside their manager Adam Alpert, the 2017 Grammy Award winners invested in YellowHeart, a decentralized ticketing platform designed to facilitate transparent ticketing sales by artists, music industry publication Music Business Worldwide reports on Oct. 21. Founded by music executive Josh Katz, the YellowHeart platform uses a public blockchain to enable artists and venues to directly control the ticketing process, including sales on secondary markets. YellowHeart aims to eliminate scalpers…

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s Republic of China, announced the release of “BCTrade 2.0,” a blockchain trade finance platform that digitizes trade and financial services between a reported 54 domestic and overseas CCB branches and 40 external organizations, including a number of state-owned and foreign…

Ethereum Is No Longer a Monopoly Platform for Stablecoins

Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development. The overwhelming majority of these stablecoins were running on Ethereum before 2018, without any indication suggesting that this might change. But…

PewDiePie-Partnered Streaming Platform DLive Teams Up With Theta Network

Theta Labs has announced that its blockchain video infrastructure protocol Theta Network will soon be incorporated into decentralized streaming platform DLive. According to a press release shared with Cointelegraph on Oct. 10, Theta’s partnership with DLive will enable peer-to-peer video relaying of all video content and token rewards for the latter’s users. Employing the biggest name in gaming As Cointelegraph reported previously, PewDiePie, the personality behind the most-subscribed gaming channel on YouTube, began streaming exclusively on DLive on April 14. In just over a month after this partnership started, the…

Vanguard Developing Blockchain Platform for $6 Trillion Forex Market

Mutual fund giant Vanguard has partnered with Nasdaq Ventures-backed blockchain startup Symbiont to develop a trading platform for the $6 trillion currency market, the companies said. With the new platform, Vanguard, which manages $5.2 trillion, aims to lower transaction costs for the trillions of dollars worth of currencies it trades annually by boosting peer-to-peer trading for investors, connecting them directly via blockchain technology. Symbiont CEO Mark Smith told CoinDesk the company teamed up with Vanguard to build the currency platform, confirming a Bloomberg report that cited an anonymous source. The platform…

Vanguard Group Tests Blockchain Platform for Trading Currencies

The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.  By…

Bug Bounties in Crypto — the Best Way to Ensure Platform Safety?

Crypto companies often find out the hard way that hackers know their security systems better than they do. As hacks in the crypto world can and often do result in hundreds of millions of dollars worth of tokens being stolen, the fate of a company’s future can often ride on its security measures. In an effort to batten down the hatches, companies offer bug bounties.  These bounties are essentially competitions in which hackers are encouraged to try to compromise software. The hackers then submit a vulnerability report to the respective…

Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules

Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. New platform for FATF compliance The integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF), according to a press release published on Oct. 3. The new measures set up by the FATF require that cryptocurrency operators establish the identity behind crypto funds senders and recipients, conduct proper due diligence to ensure they are not engaging in illicit activity,…

Morningstar Develops Blockchain Platform for Debt Securities

The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry. Morningstar Credit Ratings is building an evaluation system for debt securities issued as tokens on a blockchain, Forbes reports on Oct. 2. Michael Brawer, COO at Morningstar Credit Ratings, stated that the firm is working with a number of blockchain-oriented firms who are seeking to issue debt instruments on a blockchain.  According to Forbes, Morningstar rates a wide range of assets based on their past returns to investors on…

ConsenSys and WWF Roll Out Platform for Transparency in Philanthropy

ConsenSys, a blockchain startup founded by Ethereum’s (ETH) co-founder Joseph Lubin, and the World Wildlife Fund (WWF) have jointly launched the Impactio platform to bring transparency into philanthropy. Per an announcement made on Sept. 24, a new partnership between ConsenSys and the WWF resulted in an Ethereum blockchain-based platform dubbed Impactio designed to supervise and fund projects within nongovernmental organizations and standalone companies. The impetus behind the initiative is to trace how companies’ funds are spent within social impact projects. What does Impactio solve? Individuals and companies who utilize Impactio…