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…

Leaked Info Purportedly Shows $318 Million Cryptocurrency Sell-Offs on BitPoint

Disclaimer: This article has been updated to correct an error in the title, as the amount involved is $318 million, not $318 billion. The trustee for the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox reportedly sold large amounts of Bitcoin (BTC) and Bitcoin Cash (BCH) on trading platform BitPoint. Cointelegraph Japan reported on the development on Feb. 5, citing leaked data. An unidentified party reportedly sourced information from the legal proceedings involving Mt. Gox at the Tokyo District Court and showed it to Mt. Gox creditor campaign group GoxDox.com.…

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…

Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain

Multinational metal and oil mining giant BHP has successfully tested blockchain in a conjoint experiment with Japanese shipping company NYK, shipping news magazine Dry Bulk reports Tuesday, Feb. 5. Sustainable biofuel company GoodFuels provided its product for the experiment, while BLOC — a developer of blockchain applications for the maritime industry — built the decentralized ecosystem to trace it. During the trial, the GoodFuels biofuel was delivered to the BHP-chartered and NYK-owned bulk carrier Frontier Sky, while carbon dioxide (CO2) savings were verified via a blockchain fuels assurance platform. As…

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…

Isle of Man Gov’t Executive Agency Forms Global Blockchain Office, Regulatory Sandbox

An advisory body for the self-governing British dependency Isle of Man (IoM) has launched a hub to promote the development of blockchain, fintech news agency FStech reports on Feb. 5. As a key decision maker for the economic growth of the IoM, Digital Isle of Man initiated the formation of the Blockchain Office, a global blockchain hub to provide a favorable environment for the development of blockchain projects. Along with founding the Blockchain Office, the government executive agency has also launched an Isle of Man Sandbox in order to guide…

US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users

Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on Feb. 5. As reported, Coinbase had first rolled out PayPal withdrawal support for U.S. users last month. The European extension of the service will reportedly apply to both E.U. residents and those living in European Free Trade Association countries — Iceland, Liechtenstein, Norway and Switzerland. Coinbase had previously integrated support for PayPal back…