Texas-based startup GrainChain, focused on farmers, will provide its blockchain platform to 12,000 coffee farmers from Honduras. Getting a certificate of organic food is quite difficult right now – regular inspections are needed to confirm compliance with many standards. Thanks to the GrainChain platform, obtaining a certificate will become easier, but farmers will still need…
Haruhiko Kuroda, head of the Central Bank of Japan, has called for international cooperation to ensure proper regulation of stablecoins like Libra. “If Libra is successfully launched, it can have a significant impact on society,” he said during a speech at an event in Osaka, adding that such stablecoins deserve the highest regulatory standards. Earlier,…
Chairman of the interbank payment system SWIFT, Yawar Shah, believes that cryptocurrencies have already had a powerful impact on the traditional financial industry, and in the future this influence will only increase. “The financial industry is going through extraordinary changes due to the emergence of various projects like Libra from Facebook and the development of…
The US Securities and Exchange Commission (SEC) has postponed the decision on the application for the launch of a traded exchange-traded fund (ETF) for bitcoin, filed by Wilshire Phoenix in May this year. The SEC still has a number of questions for the public, including about the possible manipulation of the price of ETFs. Although…
On the night of September 25, the rate of the first cryptocurrency collapsed by $ 13% and even dropped below $ 8,000 for the first time since June of this year. Now the price of bitcoin has recovered a little and is at $ 8,600. Along with the depreciation of the first cryptocurrency, the market…
Finally! Are we rid of that triangle? But not in the right way. In just fifteen minutes, the price of bitcoin has fallen by no less than ten percent. We did not expect it to have gone so quickly. But it is not only bitcoin that suffers, almost all large altcoins go deep through the…
The Canadian company Kik Interactive, which developed the Kik mobile messenger, is downsizing its crypto unit in Israel under pressure from the SEC. Notification of this was sent to 70 employees on Monday. Two anonymous sources told the Israeli daily business newspaper Calcalist that some of the employees were offered jobs in the new blockchain…
The International Financial Reporting Standards Committee (IFRIC) recognized that cryptocurrencies do not represent cash or financial assets, but belong to the class of intangible assets. IFRIC sets international financial reporting standards (IFRS) and is a fairly influential body in the international financial system. The organization issued a document recognizing that cryptocurrencies fit the definition of…
Kik plans to close its messaging app because of problems with the SEC Kik Interactive, the Ontario-based start-up behind the popular mobile messaging app of the same name, plans to close the app. The company also sent out announcements of the dismissal of 70 employees of its crypto subsidiary in Israel, Kin. The restructuring would…
A day after the launch of Bakkt, the bitcoin course has not yet delivered the promised fireworks. On the contrary, on Monday 23 September the value of bitcoin fell by approximately four percent. Actually that is not so strange, because the course of bitcoin is still moving nicely in the triangle that we have been…
