blockchain news

11 arrested for stealing bitcoin servers from Icelandic data centers | News

Icelandic police have arrested 11 people, including a security guard, in connection with a string of burglaries across the island’s data centers, with criminals targeting cryptocurrency mining servers.

Approximately 600 servers worth almost $2 million were stolen in four raids in December and January, with police yet to locate the stolen equipment.

Israeli startup helping Marshall Islands create legal tender cryptocurrency – Business –

Israeli startup helping Marshall Islands to create legal tender cryptocurrency

The Marshall Islands, a tiny Pacific Ocean nation, is partnering with the Israeli startup Neema to issue the first cryptocurrency that is also a country’s legal tender. The currency, called SOV, had its status as legal tender approved by parliament, the minister in assistance to the country’s president, David Paul, told Reuters last week. It will be used together with the U.S. dollar. Paul said SOV would be issued through…

Davos: Blockchain can no longer be ignored

The world’s big financial institutions are wrestling with a cryptocurrency dilemma: whether to stand by and denounce a technology many distrust but also fear — or join those investing in it.

After a surge in the combined market value of cryptocurrencies from less than $20bn to more than $540bn, the phenomenon — and the blockchain technology that underpins it — has become impossible for the financial establishment to ignore, despite its denunciations of bitcoin in p

Xapo CEO’s vision on Bitcoin as a Single Blockchain for all – cryptona

CEO of Xapo and board member of Pay Pal, Wencess Casares alongside with CEO of PayPal, Dan Schuman showed up for a Facebook Live interview on 12th January 2018. Casares laid out his vision of having a single, robust Blockchain to handle all cryptocurrency transactions globally. And he believes it is the blockchain for Bitcoin that will take up this task. Additionally, he sees that Bitcoin will be an apolitical standard of value.

Unilever taps into blockchain to manage tea supply chain

Unilever is by no means the only company using technology, specifically blockchain, to improve visibility on its supply chains. IBM and Walmart launched a pilot earlier this year to trace mango packages.

Normally it took Walmart nearly a week to trace the packages from grocery store back to farm, according to the International Finance Corporation. With blockchain, that same tracking process took just seconds.

Vanguard Using Blockchain Technology To Improve Index Data Distribution

VALLEY FORGE, PA (December 12, 2017) – Vanguard, in close collaboration with the Center for Research in Security Prices (CRSP®) and technology provider Symbiont, is leading an effort to simplify the index data sharing process through innovative blockchain technology. This partnership between the three organizations will enable index data to move instantly between index providers and market participants over one decentralized database.

“Using this platform, investment managers will be able to instantly distribute, receive, and process index data, resulting in better benchmark tracking and significant cost savings that potentially results in better returns for our clients,” said Warren Pennington, a principal in Vanguard’s Investment Management Group.

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.