Union Mobile, the fourth-largest mobile carrier in South Korea, announced the launch of its blockchain project called ELYNET. Using blockchain to make communication more efficient On Sept. 11, Union Mobile announced that ELYNET aims to use blockchain technology to make telecommunications more efficient for those users who rely on a single carrier for telecom service.…
New data suggests 40% of millennials would prefer to invest in crypto assets in the event of a recession. In a news release shared with Cointelegraph on Sept. 10, multi-asset investment platform and social network eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United…
Ethereum-focused development firm ConsenSys becomes a premier member of blockchain development project Hyperledger, according to a press release shared with Cointelegraph. Software already submitted Per the release, ConsenSys also submitted its Pantheon Java-based Ethereum client to Hyperledger as the project Hyperledger Besu. Besu, which is reportedly the first public chain compatible blockchain submission to Hyperledger,…
The New York-based cryptocurrency exchange Gemini, founded in 2014 by twin brothers Cameron and Tyler Winklevoss, has launched its own custody service, Gemini Custody. In a news release shared with Cointelegraph on Sept. 10, Gemini said the newly launched custody solution will allow its customers to check balances, download account statements, initiate withdrawals, and grant…
The Libra Association, or which Facebook is a member, is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain payments In an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the…
Amazon Web Services, Inc., an Amazon.com company, announced that the Amazon quantum ledger database (QLDB) was now available. Transparent and immutable transaction log According to a post on Sept. 10 from Amazon Web Services (AWS), the newly available Amazon QLBD is a new class of database that provides a transparent, immutable and cryptographically verifiable transaction…
Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks. According to a complaint on social media by Tom Grundy on Sept. 11, founder of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay suddenly began failing to pass on funds from donors. Press CEO: “Never…
Former United States Representative Harold J. Ford has argued that Congress should have a nuanced approach to regulating cryptocurrencies. In an article published on CNBC on Sept. 5, Ford said that lawmakers and regulators should develop clear regulations toward digital currencies. He noted a comment from Chris Larsen, the executive chairman and co-founder of blockchain…
Amazon Web Services, Inc., an Amazon.com company, announced that the Amazon quantum ledger database (QLDB) was now available. Transparent and immutable transaction log According to a post on Sept. 10 from Amazon Web Services (AWS), the newly available Amazon QLBD is a new class of database that provides a transparent, immutable and cryptographically verifiable transaction…
Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20. According to the official announcement, with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges. The release…
Spanish soccer team Atlético de Madrid — which plays in the top professional division of Spain’s soccer league, known as La Liga — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with Cointelegraph on Sept. 6. Atlético’s fan token As previously reported,…
From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently expressed by United States Treasury Secretary Steven Mnuchin. Cointelegraph…
Bitcoin (BTC)-focused technology firm Casa announced that its Sats mobile Bitcoin wallet app is now available for both iOS and Android devices. Casa announced in a post published on its official blog on Sept. 5 that the mobile wallet is now available for download. Furthermore, Casa notes that the latest version of the app can…
Bakkt Warehouse, a qualified custodian of crypto trading platform Bakkt, is now accepting customer Bitcoin (BTC) deposits and withdrawals. First physical BTC futures on the way As the company tweeted on Sept. 6, Bakkt Warehouse has officially launched in accordance with the plans revealed on Aug. 28. The launch of Bakkt Warehouse comes as the…
The United States Department of Energy (DOE), is granting nearly $200,000 to blockchain company TFA Labs to help protect the national power grid. Blockchain to improve grid reliability and resilience On July 12, the U.S. Department of Energy awarded the funds. The overall objectives of the grant proposed to design a system to improve grid…
