Feel Lost When Finding Crypto Strategies? One Trading Platform Wants to Change That

An internationally focused trading platform says it is offering a social element to finance that has never been seen before — bringing together a strong community who can talk strategy and collaborate to achieve strong results. As well as enabling users to trade some of the world’s top stocks — Netflix, Microsoft, Amazon and Apple among them — eToro also provides access to a wide range of cryptocurrencies. Consumers can buy and sell the likes of bitcoin, ether, bitcoin cash, XRP and litecoin with ease, and receive instant updates when…

Decentralized Video Platform Built on Ethereum Raises $8 Million

Livepeer, a decentralized video encoding platform built on the Ethereum network, announced it has received an $8 million Series A venture capital round lead by Northzone. Noticing the prodigious increase in video streaming across the web and the prohibitive costs involved in transcoding, serial entrepreneurs Doug Petkanics and Eric Tang built a platform that links encoding providers with anyone who needs processing power for video services. The infrastructure functions as a “token coordinating network,” incentivizing those with computing power to join and match the needs of those looking to stream,…

Insurtech Platform to Apply Blockchain to Auto Claims With New Funding

Insurance tech firm BlockClaim has recently received £500,000 ($627,000) in funding for its blockchain-based claims solution, according to an official blog post on June 17. The firm raised the funds from venture capital firm Amadeus Capital Partners and software firm Pragmatica, in addition to other angel investors. According to the announcement, BlockClaim uses blockchain technology to automate its claims process. Furthermore, the company says the product reduces claim costs by 20% and results in faster settlements. As per its website, BlockClaim uses a private blockchain to streamline the claims process:…

Samsung to Seek Collaboration With Platform Firms on Blockchain Innovation and 6G

The vice chairman of South Korean consumer electronics giant Samsung says the firm will seek to collaborate with platform companies on the development of blockchain, artificial intelligence and sixth-generation mobile networks. The news was reported by Bloomberg on June 16. The vice chairman, Jay Y. Lee — who reportedly serves as the firm’s de facto leader — held discussions with Samsung executives to discuss the potential collaborations last week, according to a company statement cited by Bloomberg. A platform company is an initial acquisition by a private equity firm for…

Binance to Stop Serving US Traders Following Announcement of US-Dedicated Platform

Major crypto exchange Binance announced today, June 14, that it has updated its terms of use, which notably includes a restriction of services to United States-based individual and corporate traders. The restriction follows yesterday’s news that the company is launching a separate, fully regulated fiat-to-crypto platform for the U.S. market. Today’s announcement provides a timeline for the new terms to come into effect, specifying that: “After 90 days, effective on 2019/09/12 [12th September 2019], users who are not in accordance with Binance’s Terms of Use will continue to have access…

John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live

Noted cybersecurity expert and eccentric crypto fan John McAfee has just launched a cryptocurrency trading platform. Dubbed “Magic,” the site is touted as allowing users to “trade cryptocurrencies on multiple exchanges within a single dashboard, automatically and manually.” Notably, the exchange appears to be non-custodial, with users’ crypto holdings remaining on eight other exchange platforms. When a trade is executed, funds are transferred from those accounts to compete the transaction. To set this up, users will need to plug in APIs from their other exchanges. Two “portals” are on offer,…

IBM, Maersk’s Blockchain Platform TradeLens Is Shipping to Russia

A blockchain-powered platform built by IBM and Maersk and designed to facilitate international trade is to launch in Russia. According to a June 6 news release from Maersk, the Danish shipping and logistics giant, agreement has been reached with Russian authorities for the TradeLens platform to operate in the country, starting with a pilot project alongside the country’s primary container gateway, the port of St. Petersburg. TradeLens allows container logistics industry participants to have a shared view of shipping transaction data, with member firms acting as nodes to support the blockchain system. With the…

Local Banks to Soon Introduce Unique Blockchain Platform

The vice president of Brazil’s biggest bank, Bradesco, revealed that major local banks will introduce a unique blockchain platform on June 12, Cointelegraph Brazil reports on June 11. Bradesco VP Mauricio Minas has delivered a speech devoted to the role of blockchain in the global financial system, speaking at major Latin American banking and fintech event CIAB Febraban on June 11. The Bradesco VP unveiled the plans of local banking institutions to soon adopt an unnamed blockchain-powered solution, adding that a number of Brazilian banks have been developing applications using…

Beaxy Launches Crypto Trading Platform Despite Hack Last Month

Beaxy has announced the launch of its cryptocurrency trading platform on June 11 in a press release shared with Cointelegraph. In the release, the company said it was now live in 43 United States states and 185 countries. According to Beaxy, an exclusive partnership with OneMarketData delivers trading capabilities across nine order types, with transaction speeds of 225,000 per second per trading pair. The launch follows two years of development, and the platform says it has more than 60,000 pre-registered users. Separately, in May, Beaxy CEO Artak Hamazaspyan had uploaded a statement…

Crypto Platform Says It Aims to Solve Bitcoin Scalability Issue

Crypto platform ILCoin says it is developing a “modern alternative to bitcoin” without scalability issues by using “pioneering technology” called command chain protocol (C2P). The protocol of C2P, created by ILCoin, is supposed to solve the main problem of the Bitcoin blockchain — the lack of scalability — by enlarging the block size. The startup says that it has already managed to increase its limit to 25 MB. This enables its users to have a higher transaction amount: Instead of the current maximum for Bitcoin of seven transactions per second,…