Crypto News | UPS Invests in Blockchain & Circle Stablecoin Fully Backed

All major cryptocurrencies are seeing red again today. This week has brought higher-than-normal volatility for most of the top digital currencies on the market, making investors scratch their heads. Today, we’ll take a look at the latest trending crypto news. Crypto News: UPS Invests in Blockchain Today, the top crypto news is surrounding the logistic giant, the United Parcel Service (NYSE:UPS). It was announced that the investment arm of the shipping company made an undisclosed equity investment in the US enterprise blockchain company, Inxeption. This UPS investment will be used…

Wanchain Joins Telefónica, One of the World’s Largest Telephone Operators, Developing a Mobile Blockchain Future

Blockchain Phone. Image from Shutterstock. Wanchain Symbol Eleven Paths, a subsidiary of Telefónica, has tapped Wanchain in an effort to build a secure blockchain platform for the mobile generation. Rivetz is a security company which works extensively in the blockchain space and also plays an important role in the new effort. Wanchain is an Ethereum fork which specializes in cross-chain compatibility. With Wanchain, users can hold both Bitcoin and Ethereum. In an exclusive talk with Wanchain’s Dan Reecer, CCN learned that its interchain operability is what sets Wanchain apart in…

Ford, IBM, LG Partner to Track Your Smartphone & Car Batteries on a Blockchain

Car charger image from Shutterstock South Korean battery maker LG Chem, tech giant IBM, auto manufacturer Ford Motor and others have partnered in a blockchain project aimed at infusing transparency in the global mineral supply chain, impacting batteries used in smartphones and electric vehiceles. Specifically, the project will track cobalt mined in the Democratic Republic Congo. Cobalt is used in lithium-ion batteries and its demand and price has skyrocketed with the growth of electric vehicle and mobile device sectors. It is estimated that DR Congo produces around two-thirds of the…

Why Ford Believes Blockchain Can Help Fight Child Labor

Ford has partnered with IBM to use blockchain to fight child labor in the cobalt mining industry. | Source: Shutterstock Automotive giant Ford has entered a partnership with IBM, Huayou Cobalt, and LG Chem to build a blockchain platform to monitor the supply of cobalt from the Democratic Republic of Congo as part of an attempt to ensure that child labor does not make up any part of its supply chain. Ford & IBM Partner to Monitor Cobalt Mines Announced on Wednesday, the project, which will be managed by the…

Rising Blockchain Dev Salary May Not Mean Increasing Crypto Activity

Rising blockchain developer salaries doesn’t necessarily mean crypto is on the upswing. | Source: Shutterstock Despite the 80 percent correction in the crypto market, blockchain developers are making $130,000 to $180,000 a year. But, the rising salaries of blockchain developers do not necessarily translate to an increase in developer activity in the crypto sector. Too Many Variables in Crypto Over the past two years, especially at the height of the bull market in late 2017, the crypto industry saw an inflow of talent from the technology and financial space. Some,…

European Blockchain Startup Launches Trading in Tokenized Securities

Belarus-based blockchain startup Currency.com has launched a trading platform for tokenized securities. The firm announced Tuesday that the platform would allow investors to directly trade and invest in financial instruments using the cryptocurrencies bitcoin or ethereum, without first converting to fiat. The platform will initially host over 150 tokenized securities, tracking the underlying market price of financial instruments such as equity and commodities, it said, while over 10,000 similar offerings could be available in the future. Currency.com explained that the service lets investors buy a token that would reflect the…

India’s Biggest Conglomerates Explore Blockchain for B2B Payments

Despite a plethora of sometimes unclear regulations and restrictions, large businesses and banks in India are still embracing cryptocurrency — or at least some of the technology that underpins it — as a more reliable way to reconcile accounts, make payments, keep proper records, and manage internal funds. According to a report in the India Times, a number of Indian corporations are currently trialing blockchain technology as a means of record keeping. Top Firms in India Eye Blockchain for Payments Despite the traditionally hostile stance of the Reserve Bank of India on cryptocurrency…

NASA Publishes Proposal for Air Traffic Management Blockchain Based on HyperLedger

The United States National Aeronautics and Space Administration (NASA) has proposed an air traffic management blockchain, according to a paper published on the agency’s official website on Jan. 10. The proposed system would employ an open-source permissioned blockchain to enable secure, private and anonymous communication with air traffic services. The document notes: “This framework features certificate authority, smart contract support, and higher-bandwidth communication channels for private information that may be used for secure communication between any specific aircraft and any particular authorized member.” The engineering prototype of the system reportedly…

Blockchain Research Now Granted Tax Credit in South Korea

South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance announced the proposed changes to the enforcement decree of last year’s tax law, which will be enforced in February. The proposed amendments also include among the eligible fields wearable robots and fine dust reduction technology. According to the aforementioned article, a result of this amendment will be that 30 to 40 percent of…

Washington’s Douglas County is Looking to Build a Blockchain Innovation Campus

Local officials of United States’ Douglas County located in central Washington want to build a blockchain innovation campus, local daily newspaper The Seattle Times reports on Jan. 11. According to the aforementioned article, the county is already used to hosting a substantial crypto mining industry. Crypto miners have been attracted to various central Washington counties due to their access to cheap hydroelectricity-generated power; however, the mining boom has reportedly busted in 2018, after the market downturn. The Seattle Times writes that local officials hope that blockchain can power a less…