Day: November 13, 2018

Electronics Giant Bosch Partners with IOTA to Launch New Device for IoT Data Collection

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Engineering and electronics manufacturer Bosch has partnered with IOTA, integrating its new data collection Internet of Things (IoT) device with the decentralized IOTA Data Marketplace, according to a tweet from Bosch Nov. 12. The IOTA Marketplace is a decentralized data marketplace where parties can buy or sell access to active data streams, using MAM (Masked Authenticated Messaging). According to a post on Bosch’s blog, MAM is a second-layer data communication protocol that allows for data to be shared peer-to-peer securely via an encrypted channel. Data subscribers can in this way…

Huobi’s US-Based Strategic Partner HBUS Hires Former Exec of VC Firm Draper Athena

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HBUS, the strategic partner of top crypto exchange Huobi, has hired a former executive of venture capital (VC) firm Draper Athena, according to a press release shared with Cointelegraph Nov. 13. The HBUS trading platform, which currently employs around 40 people in their headquarters in San Francisco, has officially announced the appointment of Jay Ryu, formerly of Draper Athena, as Vice President of Corporate Development. As the press release states, Ryu previously worked with prominent figures in the VC industry, such as Draper Athena chairman Tim Draper, well-known for his…

Raiffeisen Bank, Gazprom Partner to Issue Bank Guarantee on Blockchain

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The Russian subsidiary of Raiffeisen Bank International has partnered with local state-owned oil giant Gazprom Neft to issue a bank guarantee on blockchain, Russian business newspaper Kommersant reported Nov. 12. According to Kommersant, the bank guarantee was issued to conduct a trade finance transaction involving four parties, Raiffeisen, Gazprom Neft, Belarusian firm Mozyr Oil Refinery, Priorbank of Belarus. Raiffeisen acted as an advising bank for the Russian oil company, while Priorbank of Belarus, which is part of  Raiffeisen bank group, issued a bank guarantee for the deal via blockchain. The…

Amazon Wins Patents for Cryptography and Distributed Data Storage Solutions

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E-commerce giant Amazon has won two patents related to methods for protecting the integrity of digital signatures and improving distributed data storage. The two patents were published by by the U.S. Patent and Trademark Office (USPTO) today, Nov. 13. The first patent document, first filed in April of this year, outlines a “signature delegation” method for “protecting the integrity of digital signatures and encrypted communications,” by allowing for the generation, distribution, validation, and revocation of one-time-use cryptographic keys. In the proposed system, these keys are arranged in what is known…

Chinese City in Hunan Province Launches Blockchain Platform for Real Estate Data

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The Chinese city of Loudi has launched a blockchain platform to store real estate data, the Chinese Communist Party’s official newspaper, People’s Daily, reports Nov. 13. The platform is backed by land, tax and real estate departments in the city, which is located in central Hunan province. Starting Nov. 15, the new system will let citizens avoid lines and other bureaucratic processes when submitting documents to the above-listed departments, the newspaper states. Also today, the first real estate electronic voucher was issued in the city via the new blockchain-based system.…

Amex Files Patent for Blockchain System to Match Images of Receipts With Stored Records

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Financial services giant American Express (Amex) has filed a patent for a blockchain-based system to capture and transmit the image of a receipt, according to a U.S. Patent and Trademark Office (USPTO) patent filing published Nov. 13. The patent applicant is listed as American Express Travel Related Services Co., Inc., the company’s travel subsidiary. The new filing, titled “Linking digital images with related records,” includes a new method for receiving, recording and transmitting the image of a receipt. The filing describes how the system lets a user with a mobile…

Canadian Holding Firm to Acquire EXMO Crypto Exchange Per Letter of Intent

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Publicly traded Canadian holding firm GoverMedia Plus Canada will acquire U.K.-based crypto exchange EXMO per a recently signed a Letter of Intent (LOI), according to a joint announcement published Nov. 13. The LOI reportedly enables GoverMedia to exclusively negotiate the transaction within the next 180 days. Upon the completion of the transaction, the joined entity will continue to conduct business on the EXMO platform and will be listed on a stock exchange. According to the announcement, the acquisition deal will “comply with all necessary legal and regulatory requirements” after observing…

Major South Korean Hospital to Use Blockchain Tech for Medical Information Services

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One of the South Korea’s largest hospitals has partnered with a local tech company to develop a medical services platform based on blockchain technology, according to the hospital’s official press release Nov. 12. Myongji Hospital, located in the city of Goyang, South Korea, has signed a Memorandum of Understanding (MoU) with Korean IT company BICube, which markets itself as a machine learning platform. The two parties plan to use blockchain technology to create a healthcare information exchange system. According to the hospital’s release, the aim of the project is to…

Crypto Markets See Slight Decline on The Day, Bitcoin Cash Makes Minor Gains

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Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week. Bitcoin 7-day price chart. Source: CoinMarketCap The…

Court Takes Control of Funds Amid Crypto Exchange’s Banking Dispute

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A Canadian court is taking charge of $26 million CAD claimed by crypto exchange QuadrigaCX due to a dispute over the funds’ provenance. Judge Glenn Hainey of the Ontario Superior Court of Justice granted the Canadian Imperial Bank of Commerce (CIBC) an interpleader order on Nov. 9, allowing the court to take control of the funds until their ownership can be established. However, the bank will maintain liability for the funds, given that CIBC froze the funds on its own initiative. An interpleader right occurs when at least two parties claim the…