Huobi Partners With Korean And Chinese Investors to Support Blockchain Initiatives

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Huobi, the global cryptocurrency exchange, has partnered with NewMargin Capital and Kiwoom Securities Co., Ltd. to start an investment fund to support blockchain enterprises in China and South Korea and encourage cooperation among the enterprises, according to China Money Network. The fund is targeting 100 billion won ($93 million). NewMargin Capital is a Beijing based venture firm while Kiwoom Securities is a South Korea based online brokerage firm. Industrial Bank of Korea and Korea Development Bank will…

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Blockchain Settlement Platform Paxos Raises $65 Million in Series B Funding

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Blockchain settlement platform Paxos, formerly bitcoin exchange itBit, has closed a $65 million Series B round of financing led by existing investors. New York-based Paxos revealed the Series B round was led by a group of existing investors including Liberty City Ventures, RRE Ventures, Jay Jordan among others to use the capital to ‘significantly’ scale operations and expand its presence as a blockchain settlement platform in international markets. Paxos COO Andrew Chang stated: “This additional funding will…

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Alibaba’s Insurance Giant is Using Blockchain With 100 Hospitals

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. ZhongAn, a Chinese insurance giant that provides infrastructure to 10 local insurers, stated that it has recently partnered with more than 100 hospitals to utilise blockchain technology in securely processing patient data and financial information. Significance of the Deal The insurance and healthcare industries are extensively intertwined and dependent on each other. In most regions, healthcare service providers and hospitals are required to communicate with the insurance companies of each of their customers to ensure all patients…

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IBM Patents System That Creates Audited Blockchain ‘Checkpoints’

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. IBM has won two patents for a system that verifies the integrity of a blockchain, certifying that it has passed certain audit requirements at particular periods in time. Both patents were approved on May 31 and are related in that they describe certified, audit-able “checkpoints.” The main goal of the checkpoints is to allow businesses to satisfy regulations for data verification and retention when connecting to the network. The first patent explains the single point of a checkpoint…

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Mastercard Wins Patent for Blockchain Coupon Authentication System

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Financial services giant Mastercard has won a patent for a system that uses blockchain technology to authenticate coupons. The patent, granted by the US Patent & Trademark Office (USPTO) on May 31, outlines a way for merchants to cut down on coupon fraud and more effectively issue targeted discounts to specific customers. The company first applied for the patent in Nov. 2016. In one potential application of this system, an individual will be assigned a blockchain address, whose…

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Chinese President Xi Jinping: Blockchain Reshaping Global Economy

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Xi Jinping, the President of China, arguably the most powerful politician in the world today, has said at the annual academic conference hosted by the Chinese Academy of Sciences that blockchain technology, artificial intelligence (AI), and Internet of Things (IoT) are reshaping the global economic structure. “Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure … with artificial intelligence, internet of things and blockchain constantly…

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India’s Telecom Regulator Taps Blockchain to Curb Spam Calls, SMSes

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Telecom Regulatory Authority of India (TRAI) is turning to blockchain technology to curb telemarketing spam via phone calls and SMSs. The initiative, the first of its kind, sees the regulator issue draft guidelines on Tuesday to combat the widespread problem of unsolicited calls and communication over mobile SMS, Indian business daily Economic Times reports  According to the regulator, India’s telecom subscriber base hit 1.19 billion users in December 2017. With blockchain technology, the TRAI is looking…

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Chinese Blockchain Conference Under Fire After Actor Imitates Former Leader

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. While a few cryptocurrency projects are infamous for displaying ostentatious marketing efforts to generate hype, the strategy is seemingly being picked up by organizers of blockchain conferences as well. However, the harmless efforts can sometimes swing the other way, as organizers of a Chinese blockchain event learned on Monday. Marketing Gone too Far? The 2018 edition of Boao Blockchain Conference, held at Hainan Island in China, caught itself on the wrong foot after a political gimmick –…

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Australia’s First Blockchain Supply Chain System Unveiled at Port of Brisbane

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Australian arm of ‘big four’ consulting giant PwC has today announced a new ‘trade community system’ powered by blockchain technology. The culmination of years of a joint-effort between PwC Australia, the Australian Chamber of Commerce and Industry (ACCI) and the Port of Brisbane, the ‘Trade Community System’ has been launched as a proof-of-concept app today to improve international trade efficiency by linking supply chain information over a blockchain. The blockchain platform will look to improve productivity…

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Chinese Ride Hailing Giant Didi Chuxing to Launch a Blockchain Uber

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. .Weixing Chen, co-founder of the Didi Chuxing ride-hailing company, one of the largest technology startups in the global market, is partnering with Yang Jun, co-founder of Meituan, a Chinese on-demand local services firm, to offer a ride-hailing app supported by blockchain technology. Didi Chuxing is valued at close to $60 billion, and is seeking an IPO at a higher evaluation. The ride hailing app will serve as a platform to offer ride hailing, delivery and other services.…

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