Blockchain Startup Emerges As Fast Growing At Estonia

Blockchain Startup Emerges As Fast Growing At Estonia

Veriff (a blockchain-based ID verification startup) started almost a year ago has earned the spot of Estonia’s fastest-growing startup, which has earlier raised $7.7 million in Series A funding led by Mosaic Ventures. Its 25-year-old CEO Kaarel Kotkas explained, “About 40% of our team of 300-plus people comes from abroad. We have people from over 40 different citizenships. The largest communities are from Brazil, the US, Georgia, Turkey, Niger, and Russia.”

OCBC Bank Taps JPMorgan’s Blockchain Payments Initiative

OCBC Bank Taps JPMorgan’s Blockchain Payments Initiative

One Of the largest bank in the South East Asian region, OCBC bank (headquartered at Singapore) has announced that it has joined JPMorgan’s blockchain payment initiative, Interbank Information Network (IIN, which is used by around 345 banks across the world). Head of JPMorgan Chase said, “The intent with IIN was always to develop a meaningful ecosystem of bank users, all focused on harnessing emerging technologies such as blockchain.”

IOTA Catapults Industry Marketplace

IOTA Catapults Industry Marketplace

The IOTA Foundation (a non-profit decentralized tech organization) has launched the world’s first automated decentralized marketplace called ‘Industry Marketplace’ for the trading of physical and digital commodities and services. IOTA’s partnership director, Holger Köther expressed, “The Industry Marketplace paves the way for secure automated trade in the manufacturing sector. We are now looking forward to expanding the circle of participants, demonstrate the Marketplace under near-production conditions and continue its development.”

Iran To Give Annual License For Crypto Mining

Iran To Give Annual License For Crypto Mining

The Iran government has prepared a draft proposal on crypto-mining regulation is on way the Cabinet of Iran, sources reveal that most likely it will get approved and the licensed and registered cryptocurrency miners will have to furnish information to the state and renew the license every year. An anonymous commenter said, “It’s obvious that the power industry here in Iran, it’s not a private business, it’s from the government. They need to figure out how to balance mining so that they wouldn’t harm the power grid.”

WAX Releases Developer Portal For Novice

WAX Releases Developer Portal For Novice

The Worldwide Asset eXchange (WAX, a blockchain protocol for digital goods) has announced that it has launched WAX Developer Hive, a new blockchain app developer portal even a novice can use. Its CTO, Lukas Sliwka said, “WAX is paving the way with developer-first solutions. Our highly advanced marketplace services empower developers of all backgrounds to build their dApp on WAX rather than blockchains without a service layer such as EOS, Ethereum, and TRON.”

Matic Network and ChainGuardians Team Up For Blockchain Gaming

Matic Network and ChainGuardians Team Up For Blockchain Gaming

The Matic Network and ChainGuardians have entered into a partnership to provide transaction scalability for blockchain gaming performance using Matic Network’s side-chain plasma solutions. This is due to the fact that the ChainGuardians has been developed on the Ethereum blockchain which is facing scalability issues as a result of too many transactions clogging the network, which can result in reduced performance.

Phunware List Its Phun tokens on Liquid Global

Phunware List Its Phun tokens on Liquid Global

Phunware (an enterprise cloud platform) has announced that it has launched its Initial Exchange Offering (IEO) with Phun tokens (Phun) which get listed on Liquid Global. The CFO of Phunware, Matt Aune said, “Blockchain enables us to extend our MaaS platform by deploying an ecosystem to reward consumers for meaningful engagement that fiat currency just can’t replicate due to its inherently high transaction costs… so selling Phun as a prepaid digital software product on MaaS is both an attractive and efficient way to generate cash.”

Swiss central bank official Opinions Crypto Won’t Go Main

Swiss central bank official Opinions Crypto Won’t Go Main

Thomas Jordan, chairman of the governing board of the Swiss National Bank (SNB, the central bank of Switzerland) has criticized that crypto isn’t sound money, but argued that stablecoins have the potential to see widespread adoption. Jordon explained, “Crypto tokens do not possess the characteristics of good money, which is typically stable over time, is broadly accepted, and enables efficient payments. Given these parameters, it seems unlikely that crypto tokens will be widely used as money in Switzerland.”

Dietsmann Dispatched Modex Blockchain Database (BCDB)

Dietsmann Dispatched Modex Blockchain Database (BCDB)

Dietsmann (a major operator of oil & gas plant) has announced that it will pilot enterprise customers platform named, ‘Modex Blockchain Database (Modex BCDB)’ in association with Modex (a blockchain database firm). Modex’s CEO Mihai Ivascu said, “With the launch of Modex BCDB, we’re excited to usher in a new era of enterprise blockchain adoption. We’ve developed Modex BCDB specifically with enterprise needs in mind in order to counteract the high barriers to adoption…”

Yoni Assia Proposes GoodDollar project OECD Forum

Yoni Assia Proposes GoodDollar project OECD Forum

The CEO of eToro trading platform, Yoni Assia has unveiled his global universal basic income cryptocurrency project named, GoodDollar at the second Global Blockchain Policy Forum, hosted by the Organisation for Economic Co-operation and Development (OECD). He explained, “Today, 94 percent of the wealth in the world is actually held by the top 20 percent. An even more mind-blowing number is that the richest 26 people in the world have more wealth than the lower 3.8 billion.”