SK Telecom, Deutsche Telekom to Build Blockchain Identity Platform

South Korea’s largest wireless carrier, SK Telecom (SKT), is partnering with the world’s fifth largest telecoms firm, Germany’s Deutsche Telekom, to develop a blockchain-based mobile identification solution. The news was reported in a press release from SKT on Feb. 21. A Memorandum of Understanding between the two firms is to be formalized during the Mobile World Congress (MWC) 2019, which kicks off on Feb. 25 in Barcelona, Spain. The collaboration will see SKT and Deutsche Telekom’s R&D unit, T-Labs, develop a commercialized, blockchain-powered mobile identity solution that can be used…

Ohio County Auditors to Explore Blockchain-Based Real Estate System

The County Auditors’ Association of Ohio (CAAO) has announced the formation of a working group to study the use of blockchain for the effective transfer of property deeds. The news was reported on Feb. 21 by Ohio-based blockchain startup SafeChain — the technical advisor for the multi-county initiative. The association’s collaborative effort will reportedly test the use of blockchain technology to bring efficiency gains to the execution and management of real estate transactions and the transfer of land titles across multiple counties. Their ongoing projects will be reportedly be reviewed…

ConsenSys Backs Ethereum-Based Unlisted Infrastructure Investment Startup Allinfra

Ethereum (ETH) blockchain-focused development company ConsenSys has invested in an infrastructure investment startup, Allinfra, according to a press release shared with Cointelegraph on Feb. 21. As per the announcement, ​Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed. Allinfra facilitates direct investments in unlisted infrastructure assets via the Ethereum blockchain, providing users with the ability to create, purchase and transfer economic or ownership interests in these assets. As per ConsenSys, the solution makes…

Korean Telecom Giant KT to Launch Blockchain-as-a-Service Platform in March: Report

South Korea’s largest telephone company, KT Corporation, plans to launch a blockchain-as-a-service (BaaS) platform next month, local news outlet iNews24 reported on Feb. 21. KT reportedly revealed the concept to interested business clients at a presentation this week. The firm says it wants to increase the accessibility of blockchain technology locally. The platform comes as KT continues its blockchain offerings via a dedicated Blockchain Center, which launched a commercial network in July of last year. “The KT BaaS platform will lower barriers to entry into the blockchain sphere and build…

Japanese Banking Giant Mizuho to Launch Its Yen-Pegged Stablecoin in March

Japan’s banking giant Mizuho Financial Group will launch its bespoke stablecoin for payments and remittance services on March 1, local financial newspaper Nikkei Asian Review reports on Feb. 21. In a partnership with around 60 counterpart financial institutions — which together reportedly host 56 million user accounts — Mizuho’s new “J-Coin” digital currency platform will reportedly directly link existing bank accounts with digital wallets.   Mizuho Financial Group is a public banking holding company that reported over $1.8 trillion in total assets as of Dec. 31, 2018. The currency will…

Bitcoin Price ‘Bull Cross’ Points to Positive Market Shift

View Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart. The cryptocurrency could test December highs above $4,200 in the near term. A minor pullback to $3,800 may be seen in the next 24 hours, as signs of bullish exhaustion have emerged on the hourly and 4-hour charts. The bullish…

More Accuracy, More Transparency and More Efficiency

The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that’s received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375 billion is wasted every year by American insurance companies as a result of the paperwork and administrative box-ticking that comes with having a multi-payer health care system. There is, therefore, a massive opportunity for blockchain-related…

Bahrain’s Central Bank Launches Sandbox for Blockchain Companies: Report

Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20. As previously reported, in December 2018, the central bank issued draft proposals to potentially regulate and license crypto asset services. With the prospective framework currently open for consultation, the new sandbox will reportedly allow companies in the sector to work on a trial basis for nine months. Dalal Buhejji, business manager at Bahrain’s Economic Development Board, told Bloomberg the…

Major Cryptocurrencies See Green While US Crude Futures Hit New High for 2019

Wednesday, Feb. 20 —  cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. Almost all top 20 coins are seeing minor gains, according to data from CoinMarketCap. Market visualization from Coin360 Earlier today, Bitcoin (BTC) broke the $4,000 threshold, reaching the $4,010 mark. However, at press time the leading cryptocurrency is trading under $4,000 at around $3,981, having gained just around 1 percent over the last 24 hours. On its weekly chart, BTC saw its lowest price point of around $3,618 on…

Mark Zuckerberg Considers Blockchain Authorization of Data in Recent Interview

Facebook CEO and founder Mark Zuckerberg considered the ramifications of blockchain-based authorization of user data during an interview with Harvard Law professor Jonathan Zittrain on Feb. 20. During a discussion covering such topics as the future of technology and society, Zuckerberg noted that he “think[s] about the work we [Facebook] are a decentralizing force in the world.” Zuckerberg said that people of his generation got into technology because “it gives individuals power, and is not massively centralizing.” Zuckerberg mentioned that he was considering a potential blockchain use case by which…