Hyundai’s Hdac Blockchain Technology Branch to Setup $10 Million Fund To Release Mainnet

The blockchain-focused arm of Hyundai, Hdac Technology, has announced that it would set up a $10 million USD fund to invest in it’s blockchain. According to the official reports, the company is set to use the money to launch it’s mainnet and later to develop applications for it.

Hdac’s goal, the press release affirms, is to support industry startups and to help in the creation of an ecosystem that will create a crypto compensation system. The official crypto of the network will be the HDAC tokens, which will be released in the first quarter of 2020 if there is no delay announced.

Initially, the testnet of the network is set to be released in November 2019 and the mainnet will come in the following year.

So far, Hyundai has been embracing the blockchain technology. The company has recently announced that it would use for some of its cars and started a partnership with IBM to develop for the technology.

Hdac is also set to cooperate with Kakao’s crypto subsidiary Ground X. The company has recently launched its Klaytn platform, which is also based on the blockchain technology and Joo Yong-wan, the head of Hdac, wants to start partnerships with companies from the country to take the initiative off the ground.

Another goal of the company is to start joint funds to find other promising projects and support them as well. To do this, it will be partnering with companies such as Ground X and other undisclosed Korean companies.

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Author: Silvia A

Hardware Wallet Provider Ledger Integrates Atomic Swaps Using SWFT’s Cross-Blockchain Protocol

Cryptocurrency hardware wallet developer, Ledger, announced partnership with cross-blockchain app, SWIFT Blockchain, to provide users with atomic swap payments across blockchains. The official announcement released on Oct. 8 states Ledger Live wallets will integrate the SWIFT protocol to provide a direct channel to users to “switch between cryptocurrencies without having to leave the app or worry about addresses.”

As global cryptocurrency adoption rates grow gradually, Ramble Lan, the founder and CEO of SWIFT, expects the industry to develop cross blockchain solutions given the demand to switch between currencies. He further explained,

“At SWFT Blockchain, we believe swaps and payments are the next big thing and we are confident our tools will help companies like Ledger adapt to this new demand.”

Integration with Ledger Vault.

Ledger is known for its secure hardware wallets and that prestige will be carried on with users’ funds secured by integrating with Ledger Vault. The Vault is a multi-signature authorization wallet that secures the funds while in cold storage and while in a transaction. This allows the users’ to always have access to their funds providing a secure and liquid platform.

The integration with the Vault is set to give SWIFT Blockchain custodians and users “peace of mind” and security for their digital assets. On the subject of SWIFT Blockchain partnership, the global head of Ledger Vault, Demetrios Skalkotos, said,

“SWFT Blockchain is sending a clear message to their community that they do not compromise when it comes to security.”

Earlier in the year, Komodo released an AtomicDEX that allows users to complete cross chain transfers through atomic swaps.

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Author: Lujan Odera

EOS Developer Block.One Launches EOSIO 2.0 With Smarter Contracts And Enhanced Security

Block.one, one of the EOS developers, has announced the launch of EOSIO 2.0. According to the press release, this is a new version of the famous smart contract protocol that was used by the company to host dapps and to use its delegated proof of stake system.

The company affirms that the new version of the program comes with several new improvements. For instance, it has a new WebAssembly engine that was created especially to enable the resources to be used in a much more efficient way as smart contracts are processed.

According to the company, the newly upgraded platform offers a performance that is around 16 times better than EOSIO 1.0. This, Block.one affirmed, can greatly change how useful smart contracts are.

Another important improvement that this version will have is the adoption of a new authentication standard called WebAuthn. It will allow the system to use a hardware device to sign and authenticate transactions via browser without needing any EOSIO apps. This, it is believed, will improve the security of the users.

The last improvement is that the developers created a new system that can securely sign blocks using a permission layer that will allow this without sharing any kind of sensible data.

Security is an important aspect in the EOS network, as recently a hacker stole over $110,000 USD from EOSPlay, an EOS gambling app.

Some new tools for developers were released together with this update. They include the EOSIO Quickstart Web IDE, which is currently in Alpha testing phase, a software developed to decrease the complexity of creating apps.

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Author: Gabriel Machado

XRP Prepares for Big News as Ripple CEO Answers “Hard Questions” After a Stellar Week

This week has been an exciting one for Ripple and XRP as the company announced a number of partnerships and other developments.

While Ripple (XRP) is currently trading at $0.25 cents with a market cap of $11.01 billion, many are eager to see what the coin has in store for it in quarter 4 of 2019.

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First, as many saw the news regarding a possible XRP bull run in order (click the image to read):

Next, let’s recap some of the latest ripple news about the advancements in the XRP world

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latest-ripple-xrp-news-updates-october-2019

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One of the big news has been of Samsung Electronics America teaming up with the UK-based payment platform Finablr, a RippleNet member.

An early supporter of crypto assets and blockchain, Samsung is adding a new feature called Money Transfer to its Samsung Pay mobile app that will allow people to send money to 47 countries through different payment options.

Ripple’s investment arm, Xpring made headlines with Xpring Developer Platform, Logos network acquisition, investment in Vega Protocol, and partnership with BitPay to boost XRP development and adoption.

Cryptocurrency exchange Coinbase is also discussing the possibility of hiring the engineering team of Ripple-backed Omni Rentals.

This week, David Schwartz, Ripple CTO detailed what does XRP Ledger has in store for the future. In this blog post, he talked about consensus algorithm, performance, and features like XRP-collateralized stablecoin.

In terms of the consensus protocol, Schwartz proposes a change in design because currently when servers lose sync with the network, they are forced to resynchronize and then fetch all the missed ledgers simultaneously.

Furthermore, he wants to upgrade from one to two separate consensus layers where one will focus on advancing the ledger and the other on the fee.

After such a spectacular week, next week Ripple CEO, Brad Garlingouse will be providing answers to some hard questions, in an interview with Morgan Creek Capital’s Anthony Pompliano.

The interview will drop for Pop’s “Off the Chain” paying members on Tuesday and Wednesday for non-members.

The community is excited to hear the conversation between Pomp the Bitcoiner and Ripple CEO.

It would be interesting to see Pomp’s view on Ripple after this interview and the insight Garlinghouse will provide on Ripple and XRP’s ongoing development and more.

Latest XRP Price News and Ripple Market Updates

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Author: AnTy

Two Industry Giants, Messenger LINE and Nomura Holdings, Form New Blockchain Alliance

On October Fourth, the Line Group Companies LINE and LVC Corporation announced their alliance with Nomura Holdings. This alliance was made on the basis of collective intent between these companies. This intent is to explore the massive opportunities within the field of blockchain.

At the beginning of this year, the group had already signed a memorandum of understanding between them. Even then, they already showed their intent to develop into this new form of technology.

As per the partnership terms, Nomura had invested in LINE’s subsidiary, LVC.

This is a move that’s been seen around the globe, as an old, practiced financial firm joins up with an up-and-coming tech firm to try and reach the new generation of this growing world. A generation that’s very likely only going to remember physical currency as something from their childhood as blockchains slowly rise into greater prominence

The Players at the Board

Nomura is a heavyweight financial institute. Their company motto is,

“We help to enrich society through our expertise in capital markets.”

The firm is always aiming to be the most trusted partner for their clients as well as their future ones

LINE started out as a messaging platform but is striving to become something far higher than that. They’re pushing a self-contained ideology in their improvements, trying to have their users seamlessly and effortlessly connect with their peers, finances, brands, and companies. Their corporate slogan is “Close the Distance,” something they’ve been trying to achieve dutifully.

LVC, LINE’s subsidiary focusing heavily on blockchain technology. These are the guys driving forward LINE’s concept of the Token Economy. They created the LINE tokens currently in use with the android users and has recently added the BITMAX exchange to their projects. This new exchange will allow users on LINE to trade in the major forms of cryptocurrency.

Past Exploits

This isn’t the first time Line and Nomura partnered up to achieve a mutual goal. Back in May of 2018, Nomura Holdings and Line Corp partnered up to provide online securities trading to their respective consumer bases. This was a bid to attract a younger audience to these kinds of financial investments.

Nomura holdings had announced that they would own 49%, while Line, owned by the South Korean Naver Corp, will own that tantalizing 51%. This makes Line the majority shareholder, thus making them the lead decision-makers between these two giants within this new venture.

Rather interestingly, both firms stated that they wouldn’t be financially affected by this venture.

Line and Libra

LINE is neither the biggest nor the first to want to develop its blockchain. Libra, a cryptocurrency in the process of development by the social media giant Facebook, is making waves across Europe as its development continues. Germany and France have both expressed their desire to limit cryptocurrency use within their country, with Switzerland continuing to support it like the 700 other blockchains.

In the end, cryptocurrencies can very likely replace the world’s way of moving funds, and the implication and effects of such a global investment are entirely unknown.

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Author: Ali Raza

Binance DEX Launching A XRP-Pegged Crypto Token Called “XRP-BF2”

  • Binance US and Binance DEX announced as the latest XRP community members
  • Coinbase UK to allow buy XRP with GBP
  • Chainalysis to add XRP as well over the next three months

The leading cryptocurrency exchange Binance is launching a token pegged with the third-largest digital asset XRP.

Binance CEO, Changpeng Zhao broke the news on Twitter after a Twitter use shared the link from the Binance Chain where it states the asset “XRP-BF2” will have a supply of 10 million.

This new token will allow Binance DEX users to invest in a crypto asset that will track the XRP price.

“The supply would still be ‘in circulation’, just on the Binance Chain. They should be actively used for trading. Nothing changes from the supply perspective. Demand should increase though as there is more use-case/trading going on,”

said Zhao.

In response, a Twitter user shared an image from a recent event where Ripple announced Binance US and Binance DEX as the latest XRP community members.

Back in June, Binance launched a token pegged to the leading cryptocurrency Bitcoin and the exchange is planning to launch digital assets that are pegged to all the major cryptos.

The idea is to make cryptos available to Binance DEX traders that have their own blockchains and aren’t native to Binance Chain via these crypto-pegged tokens.

This, in turn, will increase the utility value of the platform by increasing the trading volume and liquidity as the selection of tokens on Binance DEX has been increased.

XRP has support from other companies coming its way as well.

As Coinbase UK restarted GBP withdrawals and deposits for its UK customers after they were shut down in August, following Barclays cutting its banking services, the crypto exchange is enabling the option to buy five new digital assets including XRP with GBP.

Blockchain analysis firm Chainalysis is also planning to add more tokens inducing XRP over the next three months.

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Author: AnTy

Retail Giant Walmart Partners With IBM Blockchain To Track Shrimp To Sams Club Locations

Walmart recently announced that it is steering blockchain technology for end-to-end traceability of shrimp sourced in Andhra Pradesh and exported to select Sam’s Club locations in the US.

The US imports 46% of shrimp consigned from India and Andhra Pradesh is the principal shrimp exporting State in the country. Blockchain is a way to digitize data and share knowledge across a complex supply chain network in a secure and trusted manner.

John Connelly, the President of the National Fisheries Institute said:

“As one of the most traded commodities in the world, seafood has a complex and wide-reaching supply chain, which makes testing and further developing technology-assisted traceability programs an important step. It is encouraging to see a retail leader like Walmart participate in seafood blockchain testing.”

The blockchain pilot will allow smallholder farmers to export to Walmart’s membership-only retail warehouse “Sam’s Club” food safety program, which requires suppliers of seafood products to complete internationally-recognized standard best aquaculture practices (BAP). This includes responsible cultivation and sustainable farming to produce high-quality seafood produce.

This end-to-end blockchain pilot is the first of its kind in India and has the potential to create long-term economic opportunities for the shrimp farming community in Andhra Pradesh, directly benefiting the farmers through new skills training and development.

Noticeably, Walmart has been working with IBM on the use of blockchain technology to enhance global food traceability since 2017, under the IBM Food Trust initiative.

Ultimately, it will help seafood farmers in the region to strengthen the shrimp supply chain and reinforce customer trust in the product, helping promote India as a preferred source of seafood, while also enhancing food traceability and transparency for consumers in the US.

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Author: Sritanshu Sinha

Ethereum-Centric ConsenSys Buys Infura, an ETH Infrastructure Provider

The famous Ethereum (ETH) venture production studio and accelerator ConsenSys has recently announced a new acquisition. Now, the company bought Infura, a blockchain company that is focused on developing solutions that can improve the infrastructure of the Ethereum network.

According to a recent post made by Infura, the operations of the company will continue as usual under the leadership of the new management. Joseph Lubin, one of the co-founders of both Etheruem and ConsenSys, was an early investor of Infura and both studios had a very close relationship prior to the acquisition.

The goal of Infura is to provide Ethereum-based solutions for developers who are interested in creating decentralized solutions for Ethereum. This way, the company allows them to deploy crypto solutions without necessarily having to host a full node, something that can be expensive in some cases.

One of the main services that are offered by the company is Infura+. The service, which is paid with a subscription, enables the developers to remotely use the infrastructure provided by the company.

The service is not without its own controversies, however. Delphi Digital, a research company focused on crypto solutions, has recently published a report in which it accused the solution of the company of being too centralized.

According to the reports, the developers who used the infrastructure were failing to see that it would create a single point of failure because the service was operated only by the company, which is the opposite of what the decentralization is. This way, they could be open to more issues than other more decentralized solutions.

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Author: Gabriel Machado

Is this SEC Signalling a Green Light to Start the Crypto Party?

The US Securities and Exchange Commission (SEC) announced on Monday that Block.One, the company behind EOS must pay $24 million in penalties for conducting an unregistered securities sale.

Block.One raised a total of $4.1 billion in 2018, that puts the fine to a meager 0.58 percent of the initial raise. The company has agreed to settle the charges, according to the SEC.

Block.One neither secured an exemption from securities registration requirements nor register the sale, the SEC said. The company said the settlement only applies to the sale of ERC-20 tokens, which the network swapped with EOS tokens after its mainnet went live.

“The SEC has simultaneously granted Block.one an important waiver so that Block.one will not be subject to certain ongoing restrictions that would usually apply with settlements of this type. Block.one believes the SEC’s granting of this waiver evidences Block.one’s continuing commitment to compliance and best practices in the United States and globally,” EOS’s statement further reads.

Could this be the sign of the altcoin party?

As Block.One puts in its statement, the SEC has waived the company and it won’t be subject to any restrictions, it might be time for the second phase of the Initial Coin Offering (ICO), that was all the rage in 2017.

Economist and trader Alex Kruger took a dig at this as he said,

“The trigger for the 2018 crypto crash was the SEC prickling the bubble. ICOs did not wither because investors got smart and realized ICOs were money grabs. Money simply stopped flowing..”

“With this fine the SEC is signaling “entrepreneurs” have green light to start another party,” he added.

Recently, we also saw Blockstack completing the first SEC approved token offering. It raised $23 million after spending 10 months and $2 million getting the agency’s approval.

In comparison to Block.One’s 0.58%, this has been close to 9%. When companies can raise billions of dollars with the threat of just getting a slap on the wrist with a tiny amount of fine, why would anyone invest years and a ton of money?

Kruger might be having a “sarcasm joke” here, but it won’t be surprising, in the light of SEC’s move if other projects would try to follow the same path, “better to ask forgiveness than permission,” as Block.one.

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Author: AnTy

New Balance to Use Cardano Blockchain to Verify the Origins of a Range of Its Products

IOHK has announced a strategic partnership with the global athletic brand New Balance to use the Cardano (ADA) blockchain to authenticate a premium line of training shoes for the company. New Balance is one of the world’s leading brands in athletic footwear. primarily based in Boston Massachusetts, the company underwent a drastic expansion over the past 5 years, doubling its employees to over 8,000 worldwide, with revenue increasing from $2.7bn in 2013 to $4.1bn last year.

The Announcement

Several parasite brands were copying their image and branding. “It provides a lot of things to New Balance that they’re struggling with,” IOHK CEO Charles Hoskinson told Decrypt. “Last year New Balance confiscated around 25 million pairs of fake shoes. Authentication is a very expensive proposition for a bunch of brands’’. What he wanted was to bring to the table only a very better way for them to accommodate but also potentially create a marketplace.

Hoskinson envisages that Cardano will solely not just facilitate and establish provenance; it will also help the companies or manufacturers to spot those who are producing fake products, and are manufacturing merchandise on the side; also produce an efficient secondary marketplace for luxury goods, by authenticating produce, and even produce royalties or fees that return to the original manufacturer.

Blockchain, International Provide Chain, and Medical Insurance

Throughout the last few years, a variety of high-profile firms — like Anheuser Busch InBev and Alibaba — have begun to adapt to make use of blockchain-based systems to contour their everyday operations. As Cointelegraph recently reported, Walmart is using blockchain called VeChain. In respect to VeChain’s blockchain technology allows Walmart to seamlessly deploy its traceability strategy and permit for the large-scale use of this decentralized technology.

Cointelegraph reported that back in March the retail Carrefour has step by step rolled out its new blockchain-powered product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. CQL is touted to ensure customers complete product traceability across the whole supply chain — from farmers to the shop shelves.

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Author: Sritanshu Sinha