Facebook Acquires Blockchain Startup Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.” According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook. Facebook Acquires Chainspace? Facebook has confirmed that it…

Stock Market Sees Significant Growth, While Bitcoin Keeps Stability Over Past 7 Days

Monday, Feb. 4 — crypto markets have continued trading sideways over the past 24 hours, while Bitcoin (BTC) has been reasonably stable over the past 7 days, according to data from CoinMarketCap. Market visualization from Coin360 The major cryptocurrency Bitcoin is up around 0.2 percent over the past 24 hours, and is trading at $3,470 as of press time. However, following some slight losses on the week, Bitcoin is holding its weekly momentum, reporting 0.26 growth over the past 7 days at press time. With that, Bitcoin is down significantly…

Crypto Bank Seba Partners With Mortgage Bank Hypothekarbank

Switzerland-based crypto bank Seba Crypto AG has signed an agreement with Swiss mortgage bank Hypothekarbank Lenzburg AG to use its core banking system, Finstar, Cointelegraph auf Deutsch reports on Jan. 31. The partnership will allow for the implementation of Seba’s decentralized software into Finstar, as well as allowing Seba to use Finstar’s conventional services.  Additionally, Seba will be able to use Finstar to process and store transactions made with cryptocurrencies and other blockchain-based products. The project is set to be completed in Q2 of 2019, a Jan. 31 press release…

Cardano and Ethereum Co-Founder Charles Hoskinson Joins Predictive Analytics Firm

Cardano (ADA) CEO and Ethereum (ETH) co-founder Charles Hoskinson has joined predictive analytics firm Endor. The company announced the appointment in a press release shared with Cointelegraph on Feb. 4. Established in 2014, Endor claims to be the first automated predictions engine in the field of business decision-making by means of a blockchain-based and artificial intelligence (AI)-powered analytical platform. Last spring, Endor reportedly raised $45 million in a token pre-sale for its predictive analytics technology. According to the press release, Endor has onboarded Hoskinson as a senior advisor, who will…

Overstock Blockchain Subsidiary to Develop Land Registry in Tulum, Mexico

Retail giant Overstock.com’s blockchain-based land registry subsidiary has signed a Memorandum of Understanding (MOU) in Mexico to develop a digital land records platform. The news was revealed in a press release published by Nasdaq on Feb. 4. Under the agreement, Medici Land Governance (MLG) and the municipality of Tulum in Quintana Roo will jointly develop a digital platform for collecting real property ownership data issuing certificates of title to land and related proceedings. At a later stage, the parties will purportedly develop a method of automatically securing and storing land…

Research Claims Crypto Exchange QuadrigaCX Still Has Access to Some Cryptocurrency Funds

Embattled Canadian cryptocurrency exchange QuadrigaCX reportedly never had the $190 million in Bitcoin (BTC) it supposedly lost access to when its CEO unexpectedly died, new research claimed on Feb. 5. The report, published on cryptocurrency portal Zerononcense Blog, makes several claims about the true state of QuadrigaCX’s Bitcoin holdings, all of which contradict official statements. QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018. In January via an affidavit made by Cotten’s wife, it was revealed the exchange apparently…

Deloitte Completes Joint Pilot Digitizing Supply Chain Management on Multiple DLTs

Big Four audit and consulting firm Deloitte has successfully completed a joint pilot for digitizing the supply chain on multiple blockchain networks, according to an official press release published on Feb. 1. Within the new project, Deloitte has collaborated with the Hong Kong Stock Exchange-listed blockchain firm Kerry Logistics and CargoSmart, a Hong Kong-based company specializing in supply chain management. Completed in late 2018, the platform’s Proof-of-Concept (PoC) is reportedly interoperable across different blockchains and cloud networks commonly used in global trading and finance, the press release says. By joining…

Forbes ‘2019 Fintech 50’ Lists About Half as Many Blockchain Companies as 2018 Edition

The Forbes 2019 “Fintech 50” list of the world’s top financial technology firms published on Feb. 4 features six blockchain companies, little more than half the amount listed in the 2018 edition. Released in February of last year, Forbes 2018 “Fintech 50” list contained 11 blockchain– and crypto-related companies. In the introduction to this fourth edition of the list, Forbes writers note that while “crypto prices and ICOs collapsed, overall investment in fintech surged in 2018,” stating that “big fintechs are getting bigger.” The introduction also points out that 20…

US Indicts Two More Men on Fraud and Extortion in SIM-Swapping Investigation

United States law enforcement has indicted two more men over alleged SIM-swapping scams involving cryptocurrency. A press release from the Northern District of California Attorney’s Office confirmed the indictment on Feb. 4. Ahmad Wagaafe Hared and Matthew Gene Ditman, who prosecutors accuse of conducting fraud, extortion and identity theft, were released on bond pending two trials set for Feb. 6 and 19. SIM-swapping, an increasingly popular scam among cryptocurrency thieves, involves perpetrators convincing cellphone operator staff to transfer cell phone numbers from victims’ devices in the hope of hacking crypto…

Zcash Vulnerability Permitting Infinite ZEC Counterfeiting Fixed and Disclosed

A vulnerability that could have permitted an attacker to coin infinite Zcash (ZEC) has been patched and disclosed by the company behind the coin, a post on the official Zcash blog states on Feb. 5. Ariel Gabizon, an engineer at the Zerocoin Electric Coin Company — the startup behind privacy-focused cryptocurrency Zcash — reportedly discovered the vulnerability the night before his talk at the Financial Cryptography 2018 conference in March 2018. Gabizon contacted Sean Bowe, a cryptographer at the Zcash Company, the same day. A fix for the vulnerability was…