A joint venture that will explore and develop blockchain solutions for the pharmaceutical industry has been formed. The MediLedger project unites Chronicled Inc., a technology company specializing in Internet of Things, and The LinkLab LLC, a supply chain consulting group. The venture is aimed at demonstrating compliance with the Drug Supply Chain Security Act (DSCSA),
Swisscom, a state-owned telecommunications provider in Switzerland, has established a new subsidiary focused on blockchain.
The new blockchain unit, called “Swisscom Blockchain Ltd.,” will focus on a range of services around blockchain technology. These include enterprise-facing solutions as well as support for companies looking to launch initial coin offerings (ICOs).
Financial services company SEI is teaming up with London-based blockchain company Coinfirm to develop a blockchain solution that will significantly reshape the UK’s asset transfer market. The initiative is part of a global push by SEI to utilize blockchain and other technologies for the benefit of the company’s clients.
Singapore-based bitcoin wallet start-up Luno, formerly called BitX, has raised $9 million in a Series B funding round.
The funding was led by London-based VC firm Balderton Capital. As part of the deal, Balderton partner Tim Bunting will join Luno’s board.
Uncertainty is in the air, and the cryptocurrency market certainly reflected that today. Legacy bitcoin (BTC) slid back below the magic $4,000 level at mid-day, sitting at $3,981 for its single-coin price. The drop was just percentage points below yesterday, but still reflected the unease of investors,
Rick Levin is the Fintech Practice Chair of national law firm Polsinelli. His practice focuses on representing early-stage and publicly-traded companies in the financial services industry, including investment banks, hedge funds, alternative trading systems, exchanges and digital currency platforms before the SEC, the CFTC,
Big money came off the table today, as investors were spooked by rumors that China is considering a further crackdown on its cryptocurrency industry, this time targeting exchanges.
A report by a Chinese-language news outlet said that authorities are considering shuttering some exchanges.
New York-based blockchain startup R3 Holdco LLC has filed suit against Ripple Labs Inc. in the Delaware Chancery Court. The complaint charges Ripple with reneging on a deal to sell R3 up to five billion XRP tokens within the next two years at a lower-than-current market price.
Japanese technology giant GMO Internet Group has started its own bitcoin mining operation in its home country.
GMO plans to have a large bitcoin mining operation running by the beginning of next year. The move will complete the plans the conglomerate first revealed in January of this year and accelerated after Japan legalized bitcoin.
Four major telecom carriers across the globe have joined forces to create a new blockchain consortium called the “Carrier Blockchain Study Group” (CBSG).