Banking giant HSBC announced that it had completed the world’s first trade finance deal that had been powered by Blockchain technology. HSBC is the world’s biggest trade finance company, and its first trade finance deal involved the shipment of soya beans from Argentina to Malaysia for food and agriculture behemoth Cargill.
Cryptocurrency Market Updates
Substratum, a project that brands itself as the foundation of the decentralized web, launched its early open beta protocol last week. The aim of the project is to provide users an alternative way to access the internet and bypass censorship. Instead of only providing access to developers and coders, which is the norm at this stage of development in a product, Substratum has made the early beta version available to all.
The Reserve Bank of Zimbabwe (RBZ) has banned all financial institutions in the country from dealing with and in cryptocurrencies.
The price of Bitcoin dropped to the lowest it’s been in the last three weeks in reaction to further sell-offs of the Mt. Gox BTC and BCH stash as well as the flash investigation conducted by South Korean authorities on crypto exchange Upbit.
The Chinese telecom multinational giant, Huawei Technologies Co. announced that from Friday onwards, their new smartphone devices would allow users to download Bitcoin wallets from their app store, AppGallery.
The code that is responsible for Ethereum’s economic consensus protocol, Casper the Friendly Finality Gadget (FFG), has just been upgraded. A new, planned version of Casper was released by the network’s developer, Danny Ryan, this week. He posted the Casper’s v0.1 “First Release” code on GitHub.
Social media giant, Facebook Inc., is launching its in-house blockchain research unit that will be headed by David Marcus. Marcus previously served as the company’s vice president for Facebook’s Messenger business division, prior to which he was a vice president with PayPal.
Hundreds of websites that run the Drupal content management system have been injected with malicious software by hackers. This software, is a crypto-jacking software that is used to mine the cryptocurrency Monero.
EOS has once again set a new all-time high, and it is expected to hold yet another record this year. It turns out that it is finally recovering from this weekend’s devastation, as incredibly shown by its positive momentum. This contributed to EOS price hitting above the $18-mark again.
According to Preethi Kasireddy, there is absolute “no right answer” to the altcoin’s fund recovery debate. Kasireddy is not only a former partner at Andreessen Horowitz, but is also a former software engineer at Coinbase. He talked about Ether’s fund recovery during an Ethereum community conference call EDCON.