ConsenSys to Build Global Trade Platform for Agribusiness Giants

Covantis, a blockchain initiative backed by global agribusiness giants like Cargill, has selected major Ethereum-focused firm ConsenSys as a technology partner. Within the partnership, ConsenSys will build an Ethereum-based blockchain platform to digitize the post-trade finance industry and bring efficiencies and cost savings to the international agribusiness supply chain, Covantis said in a Jan. 23 press release. Four agribusiness giants established the initiative in 2018, while Covantis’ name came out months ago The concept of Covantis was established in October 2018, when four of the biggest global agribusinesses companies announced…

UK’s Lancashire Cricket Club Now Uses Blockchain Platform to Sell Tickets

The United Kingdom’s legendary Lancashire Cricket Club will sell tickets for all domestic and international fixtures at Emirates Old Trafford in 2020 through a blockchain-based platform. In a news release on Jan. 24, the club revealed that it will use a blockchain-powered mobile tickets platform dubbed TIXnGO. The platform has been jointly developed with Lancashire’s ticketing service provider, SecuTis, and was successfully tested during the 2019 season. Eliminating fake tickets By deploying the platform, the club intends to eliminate fake tickets and track ticket distribution among their supporters. Lancashire’s head…

Travel Platform Travala Expands Payment Options With XEM

Travala, a service that lets its users pay for hotel stays with digital currency, has expanded its crypto payment options by adding support of NEM (XEM) tokens. The NEM Foundation and Travala.com announced the integration of XEM with the travel company’s platform, according to a blog post published by Travala on Jan. 22. As such, XEM joined over 20 other digital currencies supported by Travala’s platform, including Bitcoin (BTC), Ether (ETH), Tron (TRX), stablecoin Tether (USDT), privacy-focused token Monero (XMR) and others. Boost in revenue The move comes in the…

Huobi Opens Brokerage Platform for Institutional Investors

Huobi Group is opening its first digital asset brokerage platform, offering trading products and services to institutional clients and high net-worth customers.  Announced Tuesday, the Gibraltar-based Huobi Brokerage is also the first product launched under the company’s Global Institutional Business (GIB) division, according to a company statement. Formed in November 2019, the new division was created as part of Huobi’s effort to better serve institutional investors in the global market.  The statement said the platform will enable institutional investors to use crypto services such as liquidity pools, a regulated fiat…

Binance P2P Crypto Trading Platform Supports Vietnam’s Fiat Currency

Major cryptocurrency exchange Binance has launched peer-to-peer (P2P) trading for the Vietnamese dong (VND). Vietnam-based Binance users can now directly purchase and sell major cryptocurrencies using VND through the latest versions of the Binance P2P mobile app on iOS and Android. The four supported cryptocurrencies include Bitcoin (BTC), Ether (ETH), major stablecoin Tether (USDT) as well as Binance’s native cryptocurrency Binance Coin (BNB), the firm said in a press release shared with Cointelegraph on Jan. 20. Vietnamese dong is the second fiat currency on Binance’s P2P  While Binance has been…

Huobi Joins Blockchain Turkey Platform to Boost Local Ecosystem

Major crypto exchange Huobi becomes a member of the Blockchain Turkey Platform to cooperate with local players on blockchain efforts. Five months after officially entering the Turkish market, Huobi joined the Blockchain Turkey Platform as a “Platinum” member, the global crypto exchange announced on Jan. 15, according to a press release shared with Cointelegraph Turkey. Founded by the Turkish Informatics Foundation in 2018, the Blockchain Turkey Platform (BCTR) is an independent, non-profit organization that aims to create a healthy blockchain ecosystem in Turkey. The platform has members from banking and…

NBA’s Kings Continue Reign Over Crypto-Fan Collab with Live Auction Platform

Though their market is small, their reach is mighty. The National Basketball Association’s (NBA) Sacramento Kings are at it again and will tip off a live auction for gear with a blockchain-based app.  On Jan. 15, the team announced its new live auction platform with blockchain development firm ConsenSys. Starting tonight, fans can bid live on in-game sports gear. The platform reportedly authenticates auction items, patching problems that have long bedeviled gear-hungry fans.  How it works Fans anywhere can bid on game-worn gear with the new Kings + Golden 1…

Student Wins Satoshi Nakamoto Scholarship to Build Media-Focused Platform

Bitcoin SV (BSV)-promoting Bitcoin Association has awarded a PhD student at Cambridge University with its Satoshi Nakamoto Scholarship, designed to support the development of blockchain applications. Per a Jan. 9 press release, Robin Kohze, a second-year human genomics PhD student at Cambridge University, became the first to receive the scholarship following a series of blockchain competitions within the Bitcoin SV Hackathon last fall. With his project dubbed, Hive, Kohze took second place. The scholarship is set to allow further development of Hive into a fully operational platform. Challenging the media…

US SEC Seeks $16 Million Penalty from Token Sales Platform Operator

The United States Securities Exchange Commission (SEC) is seeking a default judgement against token sale platform ICOBox and its founder Nikolay Evdokimov. Documents filed with the Central District Court of California on Jan. 9 order the defendants to pay over $16 million in disgorgement to the agency within 14 days of the judgement’s entry.  In a complaint filed on Sept. 18, 2019, the SEC had sued ICOBox and Evdokimov for operating an unregistered securities offering of roughly $14.6 million worth of digital assets in 2017, and operating as an unregistered…

Oman’s Largest Port Joins IBM’s Blockchain Shipping Platform TradeLens

On Jan. 8 the Times of Oman reported that the Port of Salalah joined TradeLens, the blockchain-based supply chain platform launched in 2018 by shipping giant Maersk and IBM.  An IBM spokesperson told Cointelegraph the addition of the Port of Salalah puts TradeLens at more than 90 ports and terminals, with over 150 participants in total on the platform.  According to the Times, The Port of Salalah is Oman’s largest port, handling a record number of 4 million shipping containers per year. The port reportedly joins TradeLens as part of…