blockchain news

Shipping Blockchain: Maersk Spin-Off Aims to Commercialize Trade Platform – CoinDesk

Global shipping giant Maersk wants to wrap the world in a blockchain.

With access to a shared, trusted record of transactions, Maersk executives say, the world’s shipping companies would save money and be able to better compete on enhanced services. And the company has developed a blockchain using IBM’s Hyperledger Fabric open-source software to do just that.

Yet one roadblock still remains: finding a way to sell a collaborative system to a bunch of competitors.


New report: The Internet of Things and blockchain tech are made for each other

A new report from research firm Kaleido Insights proposes that two of hottest new technologies — The Internet of Things (IoT) and blockchain — would make a really hot couple.

In IoT, wirelessly connected sensors are embedded in almost everything — refrigerators, auto parts, dog collars, perhaps even cereal boxes.

On the one hand, this means everything can be tracked, inventory-managed and made selectively accessible through a continual stream of signals. This flow of constantly talking objects and devices will help propel businesses away from a product-orientation (sell this car) to a service-orientation (sell the car, but maintain a connection with the car and the car owner).

On the other hand, it means that there is a continual stream of signals for as many as 10 billion connected devices and objects in the next four years, according to some estimates. Needless to say, that’s a huge amount of tracking to identify those Things, verify who owns them, authenticate their interaction with other Things and so on.


Russia’s largest bank opens blockchain lab

Sberbank, the biggest lender in Russia, has announced the launch of a lab that will work on blockchain projects. The technology which drives bitcoin and other cryptocurrencies is known for that reason, but has many other uses.
“Sberbank has opened a blockchain laboratory which will test cutting-edge blockchain technologies, generate ideas to develop blockchain-based solutions, create product prototypes, carry out pilot projects, and implement applied business solutions for Sberbank Group,” the Russian banking major said in a statement.


Hive to Place Its $100M USD Bitcoin Mining Operations in Northern Sweden – Bitcoin News

This week the Canadian firm, Hive Blockchain, announced it would be starting a $100Mn USD mining operation in Sweden. Hive’s CEO says the mining center will “ten times bigger” than the company’s Iceland mining centers.
Hive Blockchain Is Starting a Mining Operation in Sweden
Hive Blockchain is a company that was created by Harry Pokrandt and Olivier Roussy Newton in 2013. The firm is dedicated to mining operations and developing the blockchain industry in a partnership between Genesis Mining and Fiore Group. According to regional publications in Sweden, Pokrandt explains the company raised approximately $115Mn for mining operations in Boden this past May. During that time Hive was also listed on the Toronto Stock Exchange, and interest in the company grew exponentially. Genesis mining will also be involved with Hive’s Boden mine and help get the operations started.


Website Glitch Let Me Overstock My Coinbase — Krebs on Security

Coinbase and Overstock.com just fixed a serious glitch that allowed Overstock customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin refund amount on any canceled Overstock orders.

In January 2014, Overstock.com partnered with Coinbase to let customers pay for merchandise using bitcoin, making it among the first of the largest e-commerce vendors to accept the virtual currency.

On December 19, 2017, as the price of bitcoin soared to more than $17,000 per coin, Coinbase added support for Bitcoin Cash — an offshoot (or “fork”) from bitcoin designed to address the cryptocurrency’s scalability challenges.

As a result of the change, Coinbase customers with balances of bitcoin at the time of the fork were given an equal amount of bitcoin cash stored by Coinbase. However, there is a significant price difference between the two currencies: A single bitcoin is worth almost $15,000 right now, whereas a unit of bitcoin cash is valued at around $2,400.


Beyond Bitcoin: The power struggle over trust-based technology

Technology blogs and financial news networks are buzzing about blockchain, a cryptographic, distributed trust technology. The key innovation is how it reduces the need for central third-party institutions to serve as central authorities of trust — banks, courts, large corporations, stock markets and even governments, for example.

Distributed trust enables co-operative forms of organization without a centre. It can distribute power away from centralized institutions to those that traditionally have less power. Such powerful institutions do not let go of their influence easily.

The ongoing debate about how to regulate distributed trust technologies assumes that the advocates of the technologies will seek both legal status and enforceability. Scholars propose that such developments in distributed trust are a competitive threat to nation-state paper currencies.


Brazil may write new laws with data stored on the ethereum blockchain

Popular petitions are an integral, but impractical, part of Brazil’s already complex electoral system, which has been blamed for plunging the country into a political crisis. Such petitions in their current form present an intractable logistical problem: How to collect and verify signatures from 145 million voters across a landmass larger than the mainland United States?
Brazilian legislators now are turning to ethereum to solve that issue in one of the first uses of a cryptocurrency by a political system. The project is spearheaded by an unlikely pair: Ricardo Fernandes Paixão, a soft-spoken legislative adviser at the Brazilian congress and a university lecturer, and Everton Fraga, a nose-ring sporting designer and programmer with the Ethereum Foundation. Both were in Cancún last fall, attending the annual conference for programmers interested in the ethereum world, DevCon.


After security disasters, banks using SWIFT messaging platform face new regulations in 2018

“In 2018, all banks using the SWIFT messaging platform will be required to comply with a new cybersecurity framework that aims to establish a baseline for security.
SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. Banks use the closed network to communicate among themselves, sending approximately 25 million messages per day.
The requirements are in light of the string of cybercrimes against SWIFT member banks, most notably the Bangladesh bank which lost $81 million. Members will now be required to implement features such as multi-factor authentication, continuous monitoring and anomalous behavior detection, security awareness training, and incident response plans.”


Celsius to replace traditional future exchanges like CME and CBOT with crypto lenders

“Celsius, a blockchain powered lending and borrowing platform, just announced that it aims to replace big banks and futures exchanges, like the CME and CBOT, with crypto coin holders who will earn returns through lending. Using its platform, which will launch in Q1 2018, Celsius members can easily borrow coins at significantly reduced rates compared to traditional financial institutions, while lenders can earn automatic interest by holding coins in the Celsius Wallet.

Dubbed as “The Wallet That Pays Back”, registrants who deposit coins into the Celsius Wallet will receive up to 7% per year on loaned coins.


Tor’s Fall Harvest: the Next Generation of Onion Services | Tor Blog

We are hyped to present the next generation of onion services! We’ve been working on this project non-stop for the past 4 years and we officially launched it two weeks ago by publishing our first alpha releases.

What’s In An Onion?

We are assuming you are familiar with traditional onion services: fun little sites that look like nytimes3xbfgragh.onion. This weird variety of onions has been around for over 10 years and is used for all sorts of things. Here are just some examples: