A U.S.-based blockchain startup working to “democratize the energy industry” has raised an undisclosed sum from oil multinational Shell and Japanese business giant Sumitomo Corporation Group. In an announcement published on Wednesday, LO3 Energy said it has developed a “transactive...
Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9.The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we...
An economic road map unveiled by the government of Turkey this week includes several items related to blockchain, including a bid to create a central bank digital currency based on the technology. The Eleventh Development Plan, published...
Facebook has said that current regulatory restrictions mean it won’t be launching its digital wallet service and cryptocurrency in India. Speaking to local daily news source The Economic Times, a Facebook spokesperson said: “There are no plans to...
The office of the New York Attorney General (OAG) has claimed that crypto exchange Bitfinex and stablecoin firm Tether have been operating in New York into 2019, according to official documents filed in the New York State Courts on June 8.The OAG has submitted these documents to...
Openfinance, a regulated platform for digital asset trading, has added hedge fund Protos to its platform. This is the one of the first crypto hedge funds to be traded on an alternative trading system (ATS). The...
John Wolpert leads Web3Studio, a unit of ConsenSys. Before joining ConsenSys in 2017, he served as the global product executive for IBM Blockchain and co-founder of Hyperledger. In 2015, the Ethereum public mainnet launched, followed by a...
The Brazilian diplomatic academy, the Rio Branco Institute, will now require that candidates have knowledge of cryptocurrencies and blockchain, Cointelegraph Brazil reported on July 8.The Rio Branco Institute — established in 1945 and offering two advancement courses for diplomats — has published the 2019 edict for the...
Creditors of Mt Gox waiting to get their bitcoin back from the long-defunct exchange can now get pennies on the dollar by selling their claims to Fortress Investment Group. In a letter sent to creditors, Michael Hourigan,...
The European Central Bank (ECB) wants regulators to kick into a higher gear when it comes to developing rules for big tech firms moving into finance, such as Facebook and its Libra cryptocurrency project. According to a...