Blockchain and AI technology company Seven Stars Cloud Group has scored a major deal to help raise $24 billion to fund large-scale electric bus upgrades for China’s biggest full-service operator. According to a press release published Monday, under an exclusive contract made with the National Transportation Capacity Co Ltd (NTS), Seven Stars Cloud will issue fixed income…

Payments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm’s customer base. As might be expected, those affected quickly took to social media to voice their frustration…

Facebook appears to be getting more serious about blockchain, having recently named an engineering director dedicated to the technology. The social media giant has appointed one of its senior engineers, Evan Cheng, as its first “director of engineering, blockchain.” The new position was first reported by TechCrunch and confirmed by Facebook on Thursday. According to…

Brewing giant Anheuser-Busch InBev is aiming to shake up digital advertising supply chains with the help of blockchain technology. The world’s largest brewer has launched its first ad campaigns through the Kiip mobile marketing app, which uses ethereum’s blockchain to record and track data. The goal is to monitor and, eventually, expand the reach of a…

The CEO of Swiss financial services giant UBS Group AG endorsed blockchain technology in an interview, suggesting that it is “almost a must” for business. Sergio Ermotti told CNBC Monday that the technology can help companies become more efficient, thereby reducing costs for certain operations. In general, technology will help firms free up resources, but blockchain…

Switzerland, a country renowned for its safe-haven status in capital markets, may have missed the opportunity of becoming a top jurisdiction for initial coin offerings. Tim Draper, a high-profile bitcoin enthusiast and early investor of Tesla, SpaceX, and Skype, has crossed the country off the map after the government allowed regulation to dissuade startups from launching…


The cryptocurrency Verge — which prides itself on “security/anonymity/privacy” — was hacked yesterday. In a short period of time, the attacker made off with around 250,000 coins. The hack was discovered by “ocminer,” a poster on Bitcointalk forums, yesterday afternoon. According to ocminer, the attacker took advantage of “several bugs” in Verge’s code to mine an extraordinarily…


Park Won-soon, the Mayor of South Korean Capital Seoul, has announced intentions to pursue the development of blockchain technology in the city. Won-soon stated that there will be a digital currency created for use in Seoul, as well as the setting up of groups dedicated to exploring blockchain technologies and their future implications. Korea Re-Embraces…


Graphics card (GPU) maker Advanced Micro Devices (AMD) has updated one of its drivers to better handle the processes tied to cryptocurrency mining. The release notes for its Radeon Software Adrenalin Edition 18.3.4, published Monday, explained that one of the fixed issues from previous versions addresses efficiency problems seen when running the energy-intensive process. As…


U.S. actor and martial arts expert Steven Seagal is again in hot water after another U.S. state has issued warnings about Bitcoiin, of which Seagal is the brand ambassador. Earlier this month New Jersey’s Division of Consumer Affairs announced that the state’s Bureau of Securities had issued an emergency Cease and Desist Order against Bitcoiin, also known as…


The governor of Tennessee has signed a bill that legally recognizes blockchain data and smart contracts under state law. Governor Bill Haslam signed the measure on Thursday, public records show, capping a months-long process that saw Tennessee become the latest U.S. state to pursue such legislation. According to data from LegiScan, the bill had sailed…


It can be difficult to explain cryptocurrency to some people. You get the inevitable question: “Yeah, but what is Bitcoin actually backed by?” When you answer “code and mathematics” you’re almost certainly met with a blank expression. Perhaps if you could answer “the world’s best whisky” instead, you’d get a more favourable response. CaskCoin: The…


Speaking at a press conference on the sidelines of the annual session of the National People’s Congress, Zhou Xiaochuan, the governor of the People’s Bank of China (PBoC), made it clear that the country does not recognize Bitcoin and other digital currencies like it does traditional banking tools such as paper money, coins, and credit…


Cryptocurrency White Papers 101 If you’re interested in the blockchain space, whether as an investor, businessperson, or developer, one thing you can’t avoid is white papers. Every week, there is a new blockchain or cryptocurrency white paper touting new technologies that will “revolutionize” the industry. In addition, many of the major projects in the industry,…


Kage Spatz is a Strategist, Entrepreneur & CEO at Spacetwin — an innovative digital marketing and monetization agency. From banking and secure communications to healthcare and ride-sharing, blockchain will have a huge impact on our future. Of course, to understand how blockchain will change the world, you first need to understand how it works. Have you ever…


Cryptocurrencies value will continues to grow and more people will invest Many of the predictions Blockchain gurus Alex Tapscott and Don Tapscott made predictions in 2017 held up and some were even ridiculed, notably when forecasting that bitcoin would nearly triple in value. Now Don Tapscott, Co-founder of the Blockchain Research Institute, has revealed his ten…


Often described as a distributed ledger, blockchain is a technology that allows companies a transparent and secure way to store data in ordered records. Blockchain is also associated with “Bitcoin” (a popular token), “cryptocurrency” (digital tokens of all kinds) and ICO’s (Initial Coin Offerings). And currently the new celebrity accessory is a cryptocurrency endorsement pre-ICO….