Nasdaq Partners With R3 to Help Build Institutional-Grade Digital Assets

Nasdaq Partners With R3 to Help Build Institutional-Grade Digital Assets

Nasdaq is partnering with the blockchain solution provider R3 to build institution-grade digital assets and marketplaces.

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The world’s second-largest stock exchange and capital markets technology company, Nasdaq, has entered a partnership with enterprise blockchain solutions platform, R3. 

R3 announced the partnership on April 29, 2020, stating that Nasdaq will use its blockchain software, Corda, among other services. Their intention is to help financial institutions easily build and deploy institutional-grade digital assets.

This is a long-term, non-exclusive partnership between the two firms, which means Nasdaq can still collaborate with other blockchain solution providers to work on new projects.

R3’s compatibility with highly regulated environments inspired the partnership

Johan Toll, the head of digital assets at Nasdaq, said that they entered into a partnership discussion with R3 due to the platform’s compatibility with highly regulated environments that have a high threshold for the quality of services. 

“Their platform fits well into Nasdaq’s technology ecosystem and by connecting to the platform, we can harness the power of a scalable design that delivers a new level of interoperability and ease of integration to any current legacy technology system.“

Nasdaq, along with R3, plans to bridge the gap between financial institutes and blockchain-based digital asset solutions. They will help organizations issue tokens and build digital asset marketplaces. They will also support these organizations through various processes such as issuance, trading, settlement, and custody.

Eyes on the future

Nasdaq is preparing to deliver its services to organizations as they realize the potential of digitization and move from manual processes to digitized means.

Toll predicts that in the near future, we will see various financial and non-financial marketplaces for trading tokenized physical assets. This, he adds, will increase the transparency in the market and reduce friction by setting aside third parties.

There’s a great future for blockchain and digital assets in the financial sector but we first need to tackle blockchain’s interoperability issues, mentions Toll. Even the World Economic Forum recently published a white paper explaining that blockchain’s lack of interoperability is a major hurdle for enterprise use.


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Nasdaq is partnering with the blockchain solution provider R3 to build institution-grade digital assets and marketplaces.

Multicoin Capital Partners Explain How They Invest in Crypto Startups

Multicoin Capital Partners Explain How They Invest in Crypto Startups

Investment firm partners explain how to search for and evaluate crypto startups

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According to Coinopsy.com, over 1,500 cryptocurrencies have collapsed in the past eight years. With so many failures, what is the best way to determine which projects are worth investing in, and how can these projects be found?

CEO of Civic, Vinny Lingham, and co-founder of Multicoin Capital, Kyle Samani, joined the latest episode of Cointelegraph’s crypto markets show to explain how they search for and assess crypto investment opportunities. They also discuss how COVID-19 is shaping the role of crypto in the global economy and why Asia may or may not become the DeFi hub of the world. Watch the full discussion in the video above!

The Search for Crypto Startups

At the beginning of every decision to invest is the search for the right investment. The crypto space is notoriously riddled with scams and fraudulent projects. Finding a legitimate startup can often feel like a daunting task. For Samani, forethought and research are the driving forces behind a successful search. He said:

“We were reading and thinking and learning all the time. And occasionally we got to have a conversation internally where we’re like, hey, like, this is a big opportunity. Let’s go find a team. And when that happens, then we will start usually systematically, just like calling everyone we know, looking at all the companies tangentially, you know, in that space and trying to kind of try and find the right company to really express that view.”

Evaluating the Worthiness of a Project

Once a group of companies are identified, what is the best way to evaluate them? Lingham starts from the roots:

“My personal one is I look at the founder, the team and what they’ve done before.”

They must display passion as well as expertise. He continues:

“So it’s always about the team. Can they stick together? Will they weather through the — will they keep fighting for survival? And then once that’s — once it’s clear that hurdle, okay, what problem is this team trying to solve? And do I believe they have the background and the technical expertise to go and do it? And often I find that they have the passion, but not the technical expertise.”

While Lingham looks closely at the core team, Samani analyzes the market. He states:

“We are very, very focused on the market and really understanding the size of the market, the existing players, wedges to kind of build a footing in them, how can you build a footing, and what’s kind of your asymmetric insight about that.”

But Samani also understands the importance of finding the right combination of market conditions and passion driven team. He concludes:

“The more time I spend investing, the more time I really value the importance of founder-market fit because being a founder is really hard. And, like, if you don’t have the right story and context for why you’re doing what you’re doing, you’re going to give up eventually.

If you enjoyed this latest crypto markets update, hit the Like button and subscribe to our YouTube channel for more weekly crypto content!


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Investment firm partners explain how to search for and evaluate crypto startups

Solana Partners with Terra to bring Stablecoin into dApp Ecosystem

Solana Partners with Terra to bring Stablecoin into dApp Ecosystem

Blockchain network Solana has partnered with Terra to bring stablecoins into its dApp ecosystem

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U.S. blockchain network Solana has teamed up with South Korean payment platform Terra to bring stablecoins into its dApp ecosystem. The Terra platform is backed by Korean eCommerce giant TMON. 

Solana was launched in 2019, and claims to have superior technology in terms of scaling (65,000 transactions per second), security and decentralization. The partnership enables its dApp developers to accept low cost, price-stable payments through a new token bridge technology. Solana COO Raj Gokal said the partnership expands the platform’s capabilities:

“By bringing stablecoins onto our network, we aim to dramatically expand the design space for developers, opening the door to novel applications that require price-stable payments.”

Terra is popular in South Korea

Terra’s payment platform CHAI has a monthly active user base of more than 1 million and the network sees daily transaction volumes around $3 million. Fees of 0.5%, compare favourably to typical card fees of around 3.5%.

The network will be incorporated into the Solana ecosystem through a low-latency bridge, creating the ability to burn tokens from one chain and mint them on the other.

Terra said in a statement the new partnership was the best of both worlds:

“Working together, we believe this partnership will foster a thriving community of dApps that leverage the strengths of both Solana’s speed and Terra’s stablecoin ecosystem.”


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Blockchain network Solana has partnered with Terra to bring stablecoins into its dApp ecosystem

Fifth-Largest US Accounting Firm Partners With Crypto Tax Tech Company

Fifth-Largest US Accounting Firm Partners With Crypto Tax Tech Company

Clients of RSM will receive access to Lukka’s crypto tax and accounting software

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Blockchain-native software and tax services company, Lukka, has been chosen to provide crypto taxation software to the fifth-largest accounting firm in the United States, RSM.

Cointelegraph spoke to Lukka CCO Jeremy Drane, and RSM senior manager of international tax and blockchain/cryptocurrency, Jamison Sites, to find out more about the partnership between the two firms.

Lukka provides crypto tax software to RSM clients

The deal will see RSM’s tax clients provided with the ‘Lukka Crypto Office’ and ‘LukkaTax for Professionals’ software to assist the tax preparation needs of both individuals and enterprises.

Jamison Sites states that RSM began researching various crypto tax software providers after having conversations with the U.S. Treasury and Internal Revenue Service (IRS) in late 2018 and early 2019. 

From the discussions, Sites asserts that “RSM understood that upcoming IRS guidance would require our digital asset clients to prepare a much more complicated calculation going forward.”

After evaluating the crypto tax software sector, RSM chose Lukka based on its “scalable infrastructure” and “focus on delivering highly specialized tax capabilities unique to crypto assets.”

RSM engages Lukka in 2018

While talks regarding the current partnerships began during August 2019, Sites states that RSM engaged Lukka late in the 2018 tax-year regarding a client who urgently needed roughly $20 million worth of crypto trades to be calculated.

“[W]e had a client that needed an urgent basis calculation for a large volume of trades, roughly 20 million. Lukka’s team came through with impressive results,” he states.

Lukka CCO Jeremy Drane states that the two firms “have been collaborating and working on client-specific crypto tax issues” since RSM first engaged Lukka. 

“Since then, the two firms maintained regular correspondence to discuss market news as well as tools and features the RSM tax teams desired in a digital asset software,” he said.

Lukka launches academic repository for crypto tax issues

During March, Lukka launched its ‘Lukka Library’ — comprising an interactive repository of academic work dealing with crypto taxation issues.

The library includes resources covering more than 75 topics and authored by more than two dozen academic and legal experts.


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Clients of RSM will receive access to Lukka’s crypto tax and accounting software

Blockchain Intelligence Firm Chainalysis Seeks New Partners to Extend Its Reach

Blockchain Intelligence Firm Chainalysis Seeks New Partners to Extend Its Reach

Blockchain analytics firm Chainalysis is seeking multiple new industry collaborations as part of a newly-launched partnership program

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New York-based blockchain analytics firm Chainalysis is launching a major partnership program to expand its operations and broaden its intelligence capabilities.

As one of the highest-profile analytics firms in the blockchain intelligence industry, Chainalysis develops investigative tools that enable firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities.

Speaking to Cointelegraph on April 9, Chainalysis chief revenue officer Jason Bonds explained that the program would be dedicated to collaborations with several categories of partners.

The first, key crypto infrastructure providers, will help Chainalysis and the wider industry to “broaden cryptocurrency transaction monitoring via simpler integrations.” The firm will seek to partner with firms specializing in compliance in order to integrate their offerings for clients.

Second, Chainalysis is seeking new distribution partners in several of its existing markets as well as further afield. Bonds identified two such partners — Carahsoft, an IT provider working with federal and state institutions in the United States, and Singapore-based cybersecurity firm M.Tech in the Asia Pacific (APAC) region.

The partnership program, Bonds said, “is global and we already have partners in the Americas, EMEA, and APAC.”

Third, Chainalysis will look to broaden its own intelligence capabilities by partnering with data providers. These could include specialists in ransomware, bolstering Chainalysis’ labeling of suspect addresses. M.Tech’s chief financial officer Rayson Lim stated:

„In the APAC marketplace, we are noticing increased demand from law enforcement for cryptocurrency investigative software. Our partnership with a top tier company like Chainalysis will help fill this demand.“ 

Further information on the program, including a partner directory, will be made publicly available in the coming weeks.

Identifying trends

Alongside its work on blockchain intelligence, Chainalysis conducts regular research into the crypto sector. Most recently, the firm published the results of its analysis of changing Bitcoin (BTC) consumer habits during the COVID-19 pandemic and global economic downturn.

In a webinar last month, Chainalysis shared data revealing that only 1.1% of over $1 trillion in cryptocurrency transactions in 2019 were found to be illicit.


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Blockchain analytics firm Chainalysis is seeking multiple new industry collaborations as part of a newly-launched partnership program

Cardano Partners With South African Blockchain Alliance To Boost Adoption

Cardano Partners With South African Blockchain Alliance To Boost Adoption

The Cardano Foundation aims to foster blockchain’s presence throughout South Africa

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The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa.

According to the official announcement, Cardano will use blockchain technology to boost socio-economic growth in South Africa. The Foundation believes such a partnership will help them to achieve their goal of increasing blockchain adoption across the region.

South Africa as the key market for African blockchain awareness

Cardano cites the South Africa market as pivotal to building a network across the country that is made up of governments, institutions, and companies that currently use its technology.

From the announcement:

“Cardano believes in empowering individuals and enterprises by putting them in direct control of their information, wealth and value. Blockchain technology lets developing nations break ties with legacy banking systems, costly middlemen and entrenched political structures.”

On other fronts, Cardano believes that the possible applications of blockchain technology would let them guarantee greater transparency, reduce fraud, build digital identity infrastructure and boost developing economies through virtual currencies.

The Foundation also stated that it hopes to help other countries on the continent to boost their own fintech efforts.

Importantly, COVID-19 isn’t slowing Cardano development efforts. The news of this partnership comes after Cointelegraph reported on March 25 that Cardano launched an off-chain scalability protocol called Ouroboros Hydra after building it up over five years.


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The Cardano Foundation aims to foster blockchain’s presence throughout South Africa

Crypto Payment Network Partners With ID Screening Service

Crypto Payment Network Partners With ID Screening Service

The cryptocurrency network looks forward to strengthening their AML/KYC processes with the support of Shufti Pro

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Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers.

As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients‘  KYC data including date of birth, addresses, names, document numbers, document issue dates and expiration dates.

EU’s 5th Anti-Money Laundering Initiative Compliance

The partnership follows the adoption of the European Union’s Fifth Anti-Money Laundering Initiative (5AMLD), which introduces new and, in some cases, tightened KYC measures on financial platforms — including cryptocurrency service providers.

According to the announcement, TemTum saw the need to partner with Shufti Pro in order to comply with the new 5AMLD regulations.

Speaking with Cointelegraph, TemTum chairman David Shimmon said that the primary motivations for the agreement with Shufti Pro is improving KYC/AML screening processes and differentiating themselves from other crypto companies “who were seen as malicious”:

“We believe that these kinds of partnerships are essential to building trust and confidence for the industry, and for increasing business opportunities. We need to further the industry’s reputation as trusted and reliable.”

Victor Fredung, Shufti Pro’s CEO, praised the announcement, who also highlighted how “truly innovative” the blockchain network TemTum is.

KYC/AML screening and anonymous nature of crypto transactions

Regarding the measures on KYC/AML screening, Shimmon believes that there is no conflict regarding the anonymous nature of cryptocurrencies transactions, as he considers it important to continue guaranteeing transparency and being a legal compliant. He added the following:

„All transactions remain on the blockchain with the exact same level of security and confidentiality. For the avoidance of any doubt, information related to KYC is handled and administered primarily by a third party.“

The crypto sphere has witnessed similar partnerships recently. Cointelegraph reported on March 23 that the peer-to-peer exchange Paxful reached an agreement with the blockchain analysis outfit Chainalysis to monitor transactions and combat any illicit behavior.


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The cryptocurrency network looks forward to strengthening their AML/KYC processes with the support of Shufti Pro

Australian Uni Partners With Ripple on Blockchain Law Courses

Australian Uni Partners With Ripple on Blockchain Law Courses

ANU fellow Scott Chamberlain believes blockchain technology can help ordinary people avoid the “middlemen and gatekeepers” of the legal profession

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The Australian National University (ANU)’s law school will roll out two new courses in its Masters program next year exploring the impact of blockchain on the legal field

The courses are being developed with the assistance of Ripple’s Blockchain Research Initiative (UBRI) — a program that seeks to collaborate with universities to examine emerging trends and developments in distributed ledger technology, cryptocurrency and digital payments.

ANU already offers undergraduate courses examining the intersection between blockchain and law, as do a number of other Australian universities. The University of Melbourne and The University of Southern Queensland offer courses explicitly concerned with DLT and blockchain, while other institutions incorporate the subject into broader programs.

ANU law school partners with Ripple to launch courses studying blockchain 

Scott Chamberlain, entrepreneurial fellow at the ANU School of Law, will develop and run the university’s blockchain units. The courses will examine whether blockchain and smart contracts can be used to automate and decentralize legal processes and dispute resolution.

He is passionate about its potential: “Imagine an eBay-like platform that can resolve consumer law disputes without engaging the court system,” he said. 

Chamberlain said that many simple legal processes — such as confirming the identities and relationship of the relevant parties, and the rules governing their interactions — could utilise blockchain. 

“[A legal dispute] deals with who are the legal identities that the law recognizes? What are the legal things that the law recognizes existing? What’s the relationship between people and things? And there’s a dispute resolution at the heart of it. When you look at the blockchain smart contract space, there’s projects doing all of those things.“

Chamberlain operates the ‘Lex Automagica’ platform at ANU, which is an attempt to solve some of these issues without engaging the middlemen and gatekeepers of the legal industry. In February 2019, Ripple provided Lex Automatica with $1 million in funding.

Legal academics and practitioners are becoming increasingly interested in the potential of blockchain to provide decentralized dispute resolution. Projects already up and running include Jur, Kleros, and Aragon Court.


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ANU fellow Scott Chamberlain believes blockchain technology can help ordinary people avoid the “middlemen and gatekeepers” of the legal profession

Solana and Chainlink Team Up To Build A Crazy Fast Oracle

Solana and Chainlink Team Up To Build A Crazy Fast Oracle

Blockchain platform Solana partners with Chainlink to build a price oracle that updates in under a second

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Blockchain platform Solana has joined up with decentralized oracle solution Chainlink to construct an oracle that updates incredibly quickly. 

„We recently saw market failures due to congestion on Ethereum, including oracle failures,” Solana CEO and founder Anatoly Yakovenko told Cointelegraph in an interview, adding: 

“What we’re building with Chainlink is a high-frequency oracle that can give a price update every 400 milliseconds — and because of our capacity, we shouldn’t see those kinds of market failures on our network. It’s solving a fundamental problem that we see in the decentralized exchange space.“

Solana shoots for scalability

Currently a popular network choice for DApps, Ethereum’s blockchain became clogged in September 2019 amid an influx of Ethereum-based Tether (USDT) transactions. 

In late 2019, co-founder Vitalik Buterin came forward stating Ethereum’s Istanbul fork would eventually support 3,000 transactions per second, or TPS. Solana reportedly touts almost 60,000 TPS.   

Solana, in general, is a layer-one blockchain solution that aims to provide high amounts of scaling without sharding. “We are scaling with hardware with Moore’s Law,” Yakovenko said. “We’re like a non-sharded layer, one that’s ridiculously scaled.”

The startup recently finished its Coinlist auction

Solana offered 8 million of its coins for sale in a Dutch-style Coinlist auction on March 23, touting a 90% price guarantee, Solana COO Raj Gokal told Cointelegraph. Noting current market volatility, Gokal explained Solana’s sale garnered surprising success. Solana’s auction sold off 1.6% of the project’s total 500,000 coin supply. 

“We cleared the auction at $0.22,” Gokal said. 

“Everyone gets the same price at the end,” he noted, explaining the process further. “The bids came in from anywhere between $4 and $0.04 in pre-bidding, and by the time the price got down to $0.22 — that was where there was enough demand to clear the 8 million tokens that were available.”

Essentially, the market reached equilibrium with the available supply, settling on a price of $0.22 — equalling the highest price bidders were willing to pay, while still ensuring all 8 million coins would be sold. 

Solana garnered at least $1.76 million total from the coin auction, although, due to minor price increment issues, the total could be slightly higher, Gokal included. 

The startup approaches investor protection from a different angle

Yakovenko also explained Solana’s staking guarantee, built for sheltering early investors.

Gokal said of Solana’s SOL coin: 

“It’s actually continuously redeemable for 90% of the auction clearing price, for 12 months — but the only way to register for this price guarantee is to actually stake your tokens. We have record on-chain of that registration, and then it requires continuous staking from the registration to the time that you want to redeem for that 90% price guarantee.”

Solana’s guarantee looks to prevent early investors from getting burned on plummeting prices during the asset’s first year. Additionally, when the time comes for SOL’s listing on exchanges, buyers can still get the price guarantee if they buy the coins on exchanges, Gokal said. 

The price guarantee will “be accessible for the next year,” Gokal said, adding that “registrations will be accessible for the next three months, even on exchanges.”

Touted as a regulatory-friendly digital asset sale platform, Coinlist itself tallied $9.2 million worth of investments as part of a funding round, Cointelegraph reported in April 2018.


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Blockchain platform Solana partners with Chainlink to build a price oracle that updates in under a second

Forte Taps 5 New Gaming Partners as ‘Blockchain by Itself Isn’t Enough’

Forte Taps 5 New Gaming Partners as ‘Blockchain by Itself Isn’t Enough’

Ripple’s blockchain game fund collaborator Forte Labs taps five new big game partners like Netmarble to streamline the industry

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Amid the increasing adoption of blockchain technology in the gaming industry, some of the world’s biggest game developers like South Korean Netmarble are partnering with blockchain gaming startup Forte Labs to streamline blockchain-powered game experiences.

Forte, a known partner of major cryptocurrency firm Ripple, has just tapped five new high-profile gaming companies in line with its mission to provide best-in-class gaming experiences based on blockchain technology.

All five new partners will integrate Forte’s blockchain platform into their games

According to a March 24 blog post, Forte’s new game developers include United States-based Hi-Rez Studios and nWay, Canadian social games provider Magmic, German gaming firm DECA Games and Netmarble. The newly announced partners follow their previously joined collaborators, including Disruptor Beam, Other Ocean and Kongregate.

Per the partnership, each of the five game developers will integrate Forte’s blockchain platform into one of its games, enabling new benefits for both developer and player communities, the firm announced to Cointelegraph. By using Forte’s blockchain, game devs can unlock new revenue streams by bridging the gap between digital gaming and physical collectibles and eventually providing real-world value to in-game experience.

Forte believes that “blockchain technology by itself is not enough”

While Forte sees blockchain as a tool for unlocking greater game experiences such as secure asset ownership and the ability to integrate peripheral markets, the firm is confident that sole blockchain integration doesn’t solve all gaming problems.

“At Forte, we firmly believe that blockchain technology by itself is not enough,” the startup said, emphasizing that engaging player experiences must accompany tech advancement. According to the firm, that is the biggest reason behind the addition of new game partners.

Josh Williams, Forte’s co-founder and CEO, outlined that the new partners will bring deep knowledge in creating engaging game experiences that would be helpful in bringing blockchain-powered benefits to the mainstream. He continued:

“Together, we’ll work towards building a more open, equitable, and sustainable ecosystem that addresses many of the issues found today in the games industry.”

To date, Forte’s blockchain platform operates on an invite-only basis while the product is designed to be free and work across any game platform, the firm said. The platform is based on open source protocols like Ethereum and Interledger to facilitate the creation of game assets as well as cross-chain transactions.

The news comes after Forte’s entrance into a major industry partnership with Ripple’s developer ecosystem project Xpring. On March 12, Forte and Xpring established a $100 million fund to support game developers and foster the mass adoption of blockchain technology in the gaming industry via boosting engagement and monetization tools.


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Ripple’s blockchain game fund collaborator Forte Labs taps five new big game partners like Netmarble to streamline the industry

P2P Exchange Paxful Teams Up With Chainalysis for Increased Overwatch

P2P Exchange Paxful Teams Up With Chainalysis for Increased Overwatch

Paxful partners with Chainalysis, using its tech for added security measures

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Peer-to-peer exchange Paxful will add security to its operation through a partnership with blockchain analysis outfit Chainalysis.

Through a new partnership, Paxful will harness specific technologies from Chainalysis. “Paxful uses the Chainalysis Reactor to conduct deep investigations and the Chainalysis KYT to monitor transactions for any illicit behavior,” Youssef said, referring to the firm’s Know Your Transaction solution — a similar acronym to Know Your Customer, or KYC, regulations. Youssef added:

“Through working with Paxful, Chainalysis is evolving its policy and will evaluate P2P exchanges on a case-by-case basis before labeling them as risky, just as it does for other cryptocurrency exchanges.” 

Prior to working with Paxful, Chainalysis viewed P2P organizations as having questionable safety, due to their lack of required user data, a press statement said. 

“Paxful is setting a new standard for compliance at P2P exchanges,” Paxful CEO Ray Youssef told Cointelegraph. “Chainalysis is changing its policy based on the strides P2P exchanges like Paxful have made.”

Don’t users go to P2P exchanges seeking anonymity?

At its core, crypto’s pioneer asset Bitcoin came into the world as an anonymous digital asset. Over the past 11 or so years since the industry’s beginning, a movement has pushed forward, touting the importance of data privacy. 

Historically, many crypto users have gravitated toward P2P outfits, such as LocalBitcoins, as a way of trading value while controlling their own privacy and data. Such a partnership between Paxful and Chainalysis could thus seem antithetical to the crypto industry’s founding ethos of privacy and anonymity. 

“The Paxful marketplace is for the honest users,” Youssef said in response to questions on the matter, adding:

“Like in other industries, there are bad actors who try to scam and steal money anonymously from the honest users. They are the ones who fail to provide appropriate verification and are left with only one option: to flee. KYC and KYT keep the honest users in the platform, and give them more confidence to trade.”

Anonymity and privacy are part of a double-edged sword. Authorities express the desire to protect users from fraudulent players, while some honest traders also prefer to guard their personal data. The topic remains up for debate.


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Paxful partners with Chainalysis, using its tech for added security measures

Keyless Wallet Provider Zengo Now Holds SGA Stablecoin

Keyless Wallet Provider Zengo Now Holds SGA Stablecoin

Saga Monetary Technologies partners with ZenGo, allowing SGA users to hold their tokens on ZenGo’s keyless wallet

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Saga Monetary Technologies’ SGA stablecoin is now compatible with keyless wallet ZenGo, thanks to a recent partnership between the two companies.

“ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” ZenGo CEO Ouriel Ohayon explained to Cointelegraph about the keyless wallet.

Users can now hold their SGA tokens in ZenGo’s wallet, Saga said in a March 19 statement. ZenGo’s wallet does not employ private keys. ZenGo’s main wallet will now hold SGA compatibility, a representative confirmed to Cointelegraph.

The collaboration has an approach different than traditional wallets

Traditional crypto wallets rely on private keys as a backup for stored funds. Safe private keys essentially mean safe funds. Alternatively, “leveraging advanced biometrics and cutting-edge cryptography,” ZenGo takes a different approach without private keys, the statement said.

Saga Monetary Technologies founder Ido Sadeh Man said current global uncertainty pushes crypto and non-crypto folks toward stability. The founder referred to currency value fluctuations and people’s search for a different option aways from such fluctuations.

“Saga was designed to remedy these concerns in the sense that it is backed by a basket of the five most traded national currencies on one hand, and, on the other hand, it is gradually progressing towards independence, as its economy grows,” Man told Cointelegraph.

Users need simple solutions

Man also said that such options need simplicity to be accepted by the public, adding:

“ZenGo is extremely appealing in this regard, as they have managed to allow users to hold a wallet without needing to bother themselves with keeping the private keys secure, spreading them around, and being so concerned about security. At the same time, ZenGo allows users to remain in full custodianship over their funds, without actually needing to turn to a custodian.”

Simplicity appears to be key in the public eye, as a recent study from Edelman showed Generation X, Z and Millenials all voted lack of knowledge as the largest barrier to entry into crypto. A more simplistic approach might invite new users as it would not require as much additional knowledge.


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Saga Monetary Technologies partners with ZenGo, allowing SGA users to hold their tokens on ZenGo’s keyless wallet

NEO-Based DEX Partners With Zilliqa to Add Ethereum and EOS Assets

NEO-Based DEX Partners With Zilliqa to Add Ethereum and EOS Assets

Zilliqa users will soon be able to trade Ethereum and EOS-based assets thanks to a partnership with NEO-based decentralized exchange Switcheo

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NEO-based decentralized exchange (DEX) Switcheo partnered with the Zilliqa blockchain to allow trading of Ethereum- and EOS-based assets on the platform.

According to an announcement on March 16, after the launch, Zilliqa token holders will be able to access Ethereum-based assets for the first time. A Switcheo spokesperson also informed Cointelegraph that there are plans to add Bitcoin (BTC) support as well.

The two teams plan to launch a minimum viable product by the end of Q2 2020 and external user acceptance testing by Q3. The development is expected to conclude by 2021.

A notably inter-blockchain platform

Switcheo claims to be the first multi-blockchain DEX platform that enables cross-trading of Ethereum, EOS and NEO-based tokens. Furthermore, the platform reportedly counts nearly 35,000 traders and supports 24 cryptocurrencies and 43 trading pairs.

A Switcheo representative told Cointelegraph that the DEX will use the existing Switcheo order book and that all the smart contracts are designed to be interoperable. Furthermore, the assets of other blockchains can be swapped with Zilliqa-based tokens.

A Zilliqa spokesperson said that any ERC-20 compliant token is supported by the DEX. The firms involved in the project plan to build a liquidity pool to facilitate trading.

The rise of decentralized exchanges

As the cryptocurrency space matures projects looking to decentralize their market infrastructure are gaining traction. One of the main advantages of a well-built DEX is the lack of a central point of failure.

Switcheo CEO Ivan Poon pointed out the advantage of DEX platforms over their centralized counterparts:

“Decentralized exchanges have been recognized for the absence of centralized governance which enables greater security and safety for users and their assets.”

As Cointelegraph reported in December, developers of inter-chain architecture Komodo launched AtomicDEX, which runs a full peer-to-peer node in the web browser of its users. That same month, the Waves DEX upgraded to adopt a hybrid architecture that adds features typical of centralized trading platforms to the exchange.


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Zilliqa users will soon be able to trade Ethereum and EOS-based assets thanks to a partnership with NEO-based decentralized exchange Switcheo

Blockchain Fantasy Football Game Partners With Italian Soccer Club S.S. Lazio

Blockchain Fantasy Football Game Partners With Italian Soccer Club S.S. Lazio

Fans from across the globe can now use players from the Lazio soccer club to compete in Sorore’s weekly fantasy soccer tournaments

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Blockchain-based fantasy soccer game Sorare has signed a licensing agreement with Italian Serie A football team S.S. Lazio.

According to an announcement on March 17, the partnership will see official Lazio collectibles launched on the Ethereum blockchain.

Unique Sorore cards have sold for more than $1,000

Sorare creates limited edition tokenized representations of soccer stars on the Ethereum blockchain. Cards can be traded on secondary markets or used in Sorare’s game.

In the game, fantasy football managers compose teams of five player cards to compete for rewards. Sorore’s managers are ranked based on the performance of their chosen players, and compete for weekly prizes including up to 2.63 Ether (ETH).

With each season, the platform will launch a single “unique” player card, 10 “super rare” player cards, and 100 “rare” player cards. 

Unique player cards have been traded for prices exceeding $1,000 in the past. For example, a unique card representing French footballer Moussa Dembélé was auctioned for $1,126.27 in January. 

Sorare will host weekly tournaments in which soccer fans worldwide can compete to win blockchain-based prizes.

The partnership follows similar deals between Sorare and professional soccer clubs Juventus, Schalke, Atletico Madrid and Porto.

Lazio was founded in 1900 and won the Italian championship in 1974 and 2000, and the Union of European Football Associations’ Super Cup and Cup Winners’ Cup in 1999.

Tokenized items gain momentum in the gaming sector

An increasing number of game developers are exploring blockchain-based in-game items as a way to give greater ownership and autonomy to players.

Earlier this month, the FarmVille creator announced that his new company Blockchain Game Partners is developing the Gala Network — a blockchain-based gaming platform that will support tokenized in-game items that can be traded or used for gameplay.

On March 7, Horizon Blockchain Games announced it had raised $5 million ahead of the launch of its first blockchain-based card game, SkyWeaver.

Last month, CryptoKitties creators Dapper Labs announced that they had inked a deal with the Ultimate Fighting Championship to create blockchain-based collectibles comprising tokenized representation of mixed martial arts fighters supported by a game.


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Fans from across the globe can now use players from the Lazio soccer club to compete in Sorore’s weekly fantasy soccer tournaments

Exclusive: Blockchain-Based Social Network Overhauls Platform, Partners With Matic

Exclusive: Blockchain-Based Social Network Overhauls Platform, Partners With Matic

An Ethereum-based social media outfit releases a platform overhaul and announces a partnership with Matic Network

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Ethereum-based social network Sapien has unveiled updates to its platform, as well as a partnership with the initial exchange offering project, Matic Network. 

“After several months of development, we’re launching the next release of our platform, called Alpha Persei,” Sapien Network co-founder and CEOAnkit Bhatia told Cointelegraph in an interview.

“This is a revamped platform across the board,” he said, highlighting new aspects such as Portis wallet integration and rewards engine reconstruction. Sapien also secured placement on KyberWidget, allowing trading between Sapien (SPN) tokens and Ether (ETH), according to a statement.

Sapien partnered with Matic Network for future developments 

Sapien also announced a collaboration with Coinbase-backed Matic Network, a blockchain scalability platform that garnered over $5 million in capital during its April 2019 initial exchange offering.

“We want to use their technology to build a scalable decentralized Web 3 social network, and their technology will help us do that,” Bhatia said of Matic, adding:  

“We’re using Matic sidechains — they’re a plasma-based proof-of-stake (PoS) chain — to basically power our charging and internal promotions on the platform. So, it will be used instead of the mainnet to send transactions, to send tips, to promote high quality posts and comments.”

“It will be the infrastructure that we want to build on that’s far more scalable than the mainnet,” he added referring to the platform’s current Ethereum-based network. 

Sapien positions itself as a blockchain-based social media alternative

Sapien’s social media platform is comparable to a blockchain-based version of Reddit — with several added features, functionalities and capabilities, Bhatia explained. The platform is focused on user’s privacy, while involving aspects of incentivization. Bhatia added:

“In one sense, we’re a Web 3 social network. In another sense, we’re trying to sort of correct some of the wrongs of prior social networks by building a tokenized blockchain-based social network that’s far more transparent than the mainstream competitors.”

If big players such as Facebook continue to leak private data, people may begin to question the implications of their current social media usage. This in turn could increase the market share of blockchain-based alternatives.


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An Ethereum-based social media outfit releases a platform overhaul and announces a partnership with Matic Network

NEM Partners with Israeli-Lithuanian Telecom Startup on Cell Phone Security

NEM Partners with Israeli-Lithuanian Telecom Startup on Cell Phone Security

Israeli-Lithuanian telecom startup partners with NEM to build secure and private mobile phone technology

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NEM, one of the oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom startup FIX Network to increase security and data protection for cell phone users and to solve the issue of SIM swapping

FIX Network will implement SYMBOL from NEM’s enterprise-grade blockchain into its existing cellular infrastructure. The goal is to secure the world’s eight billion SIM cards from cybercriminals with new privacy, security, management and safety solutions.

Phone numbers may end up more important than social security numbers

FIX Network’s architecture is designed to allow mobile operators to deliver services such as digital identity management, cryptocurrency wallets, and personal data firewalls to mobile subscribers, enabled by the safekeeping of private keys on the subscribers’ SIM cards.

The first product will be the FIX ID app, which securely identifies participants through subscriber-owned global phone numbers that serve as unique digital identities. The initial consignment of 10,000 FIX Secure ID SIMs, pre-ordered in June 2019, is expected to ship by the end of April this year.

FIX Network has launched its own global mobile service that provides roaming agreements in 186 countries. 

Nate D’Amico, CTO of NEM Foundation said that, “FIX Network takes established infrastructure — the worldwide cellular network — and uses it to create a better, fairer, and safer way to transact.”

Itamar Kunik, the CEO of FIX Network added:

“The enterprise nature of Symbol and the native features inherent in its platform are fundamental to the steady adoption and implementation of the FIX Network solution by the telecommunications industry.”


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Israeli-Lithuanian telecom startup partners with NEM to build secure and private mobile phone technology

Chainlink to Partners With Hyundai CEO-Founded Firm for Oracle Problem

Chainlink to Partners With Hyundai CEO-Founded Firm for Oracle Problem

Chainlink taps a partnership with Hyundai CEO-founded Hdac Technology to continue streamlining the oracle problem

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Chainlink, a major smart contract technology supplier, has tapped a new partnership to streamline one of the biggest issues around smart contracts.

According to a March 11 tweet, Chainlink has partnered with Hdac Technology, a blockchain startup founded by Dae Sun Chung, CEO of South Korea’s largest car manufacturer, Hyundai. By bringing their forces together, the firms intend to jointly develop a system for delivering off-chain data on blockchain in an attempt to bolster smart contract execution.

Specifically, Chainlink and Hdac will be addressing the blockchain oracle problem, which is considered to be the biggest obstacle in commercializing smart contract technology. As described by Bitcoin (BTC) developer Jimmy Song, the Oracle Problem refers to the security and trust conflict associated with linking a digital asset to a physical asset, which is required for the trustless execution of smart contracts.

The Oracle Problem questions whether data written to a blockchain credibly reflects actions taken in the real world

A blockchain oracle is a basic component of smart contracts — special contracts that are designed to automatically verify or implement the negotiation or performance of the contract without participation of third parties. As reported by Cointelegraph, a blockchain oracle is a system that provides the necessary off-chain or physical data for a smart contract to be executed when the terms of the contract are met.

As such, the Oracle Problem refers to the fact that smart contracts do not have the ability to determine the authenticity of real world events on their own. They are only able to execute once they receive data from a predetermined source of truth, called an Oracle. This reliance on a third-party source of information removes one of the key features of smart contracts: trustlessness. While Chainlink and Hdac consider their collaboration to be a technical effort, some industry players argue that the Oracle problem “isn’t a problem,” claiming that the solution to the problem is always social rather than technical.

Chainlink to verify off-chain data for Hdac’s blockchain DApps

By partnering with Hdac, Chainlink intends to integrate its oracle middleware solution with Hdac’s decentralized applications to securely access off-chain data. This will allow them to communicate with external systems, such as other blockchains or payment systems, as announced by Hdac. As part of the collaboration, Chainlink will be verifying off-chain data using a collection of multiple validating partners that are able to confirm off-chain events and deliver data to the on-chain smart contract.

Cointelegraph contacted both Chainlink and Hdac to find out more details about the tools used in the collaboration, but did not receive an immediate reply. This story will be updated should they respond.

Chainlink token hit an ATH on March 4, 2020

Founded in 2014, Chainlink is an open-source smart contract technology provider that specializes in bridging external data sources and public blockchains. The company is known for providing its technology for global tech and payment giants like Google and SWIFT. Chainlink launched its Ethereum-based mainnet in June 2019, bringing the industry another step closer to solving the Oracle Problem.

On March 4, Chainlink partnered with Chiliz, an Ethereum-based sports tokenization platform, to unlock real-time non-fungible token creation. Amid the news, Chainlink’s native token LINK approached its highest ever price, hitting an all-time high of $4.9 on March 4. As of press time, Chainlink token is trading at $3.7, down nearly 7% over the past 24 hours, following another wave of red on the crypto markets.

Chainlink all-time price chart. Source: Coin360

Chainlink all-time price chart. Source: Coin360


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Chainlink taps a partnership with Hyundai CEO-founded Hdac Technology to continue streamlining the oracle problem

Chainlink Partners with Chilliz to Automatically Mint Tokens for Teams Like FC Barcelona

Chainlink Partners with Chilliz to Automatically Mint Tokens for Teams Like FC Barcelona

Sports tokenization platform Chilliz announced that it will be using Chainlink to mint tokens automatically when real-time events take place

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Ethereum-based sports tokenization platform Chilliz (CHZ) has partnered with blockchain platform Chainlink to allow for real-time non-fungible token (NFT) creation.

According to a Mar. 4 announcement from Chilliz, the platform plans to leverage Chainlink’s capacity to trigger the execution of smart contracts based on real-world data and events. This feature will allow the minting of NFTs for partners in real-time, based on data securely provided by Chainlink’s network.

This integration will allow Chilliz to create NFTs that react to the real world and mint limited edition collectibles to commemorate real-time events. The company explains that, for instance, it would be possible to mint tokens when a soccer player scores a hat-trick during a game.

The leading blockchain sports platform

As the announcement points out, Chilliz is a sports tokenization platform that has already signed deals with major football clubs FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, CA Independiente, West Ham. Furthermore, the firm is also targeting 50 more partners in sports, esports and entertainment this year.

In February, Chiliz has partnered with major marketing agency Lagardere Sports and Entertainment. This partnership can potentially lead to American sports fans using blockchain-based tokens to interact with their favorite teams. Also in February, Chilliz announced the launch of an integrated membership and fiat-crypto prepaid debit card, which also provides blockchain-based global ID functionality.


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Sports tokenization platform Chilliz announced that it will be using Chainlink to mint tokens automatically when real-time events take place

Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants

Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants

Samsung SDS partners Credorex to provide merchants with a blockchain banking solution for payments and invoices

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Samsung SDS, the South Korean tech giant’s IT services subsidiary, has just announced a partnership with Israel-based fintech and smart payments provider Credorex. According to a report from The Korea Herald, March 4, the two companies will collaborate to develop a payment platform for European merchants and banks.

Samsung SDS pushes into European markets

One part of the proposed solution will be developed using Samsung SDS’ Nexledger Universal blockchain platform and will allow merchants to automatically reconcile payments, remittances and invoices with their bank records.

This will integrate into a payments platform, built using Samsung SDS’ AI-based Brity Works, which is designed to automate various work processes.

The move marks part of a planned push into European markets by Samsung SDS, as president and CEO, Hong Won-pyo explained:

“Together with Credorax, which specializes in payments solutions, Samsung SDS will try to expand its business in the European sectors that seek digital transformation.”

Zero-knowledge proofs give added privacy

As Cointelegraph reported, Samsung recently updated its Nexledger blockchain by integrating a zero-knowledge proof solution.

The upgrade intends to provide a higher level of privacy for users, by allowing the recording and authentication of transactions on a shared blockchain without disclosing confidential data.

The benefits of this should further enhance the platform to be developed with Credorex.


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Samsung SDS partners Credorex to provide merchants with a blockchain banking solution for payments and invoices

Blockchain Technology Partners Unveil Smart Contracts on Amazon AWS

Blockchain Technology Partners Unveil Smart Contracts on Amazon AWS

Amazon’s Quantum Ledger Database now hosts smart contracts, thanks to Blockchain Technology Partners’ work with DAML

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Customers can now integrate smart contracts on Amazon Web Services’ Quantum Ledger Database, or QLDB, thanks to tech company Blockchain Technology Partners.

Blockchain Technology Partners, or BTP, unveiled general availability for its DAML incorporation, accessible through its Sextant for DAML platform, allowing those working with Amazon’s QLDB to harness smart contracts on the platform, according to a Feb. 25 statement provided to Cointelegraph.

Amazon’s QLDB is not the first to incorporate Sextant for DAML

Prior to its Amazon QLDB launch, BTP’s Sextant for DAML boasted compatibility on Hyperledger Sawtooth, and AWS’ relational database service, Amazon Aurora.

Amazon QLDB caters to those who want to build on an immutable — but not necessarily decentralized — ledger, the statement noted.

“There are plenty of scenarios where there is a trusted centralised operator or a natural authority but there is still a requirement to ensure data is not tampered with,” BTP CTO Kevin O’Donnell said in the statement.

“DAML on Amazon QLDB addresses these use cases combining the expressive power of DAML with the resilience of AWS,” he added.

DAML is a smart contract language from Digital Asset

Digital Asset, a blockchain software company, brought its smart contract language, Digital Asset Modeling Language, or DAML, into the open-sourced world in April 2019.

Later that same month, the firm announced Hyperledger Sawtooth integration on April 16, with AWS Aurora integration following in June.

“BTP’s Sextant for DAML with QLDB makes it seamless to run distributed applications without the operational overhead or compromising security,” Digital Asset Co-Founder and CTO Shaul Kfir said in the statement.

Digital Asset also partnered with mainstream cloud software powerhouse VMware in April 2019.

Cointelegraph reached out to Amazon for additional details but received no response as of press time. This article will be updated accordingly should a response come in.


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Amazon’s Quantum Ledger Database now hosts smart contracts, thanks to Blockchain Technology Partners’ work with DAML