A Daily Show Comedian Showed Up to Roast an Ethereum Conference

“No one knows what the fuck is going on.” That’s according to Ronny Chieng, senior correspondent on the satirical news program The Daily Show, who took the stage at Ethereal Summit on Saturday with ConsenSys founder and CEO Joseph Lubin and Kavita Gupta, founding managing partner at ConsenSys Ventures. Chieng, who spoke with Lubin in December on the show, again criticized the big promises and hype of the industry. He argued that many people in the industry use complicated jargon and words that were “invented” two or fewer years ago…

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Bahrain Hopes to Cut Vehicle Data Storage Costs Using Blockchain

The Kingdom of Bahrain is eyeing the adoption blockchain technology in bid to cut the cost of maintaining the country’s vehicle registration data. Bahrain’s General Directorate of Traffic (GDT) announced on Thursday a new plan to develop a blockchain-based vehicle registration system in the country and is now looking for a technical partner to focus on the system’s design and implementation. Shaikh Abdulrahman bin Abdulwahab Al Khalifa, director general of the GDT, said in a statement: “This registry will be a vital advancement in reducing the overall cost of maintaining critical vehicle…

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Losing the Hoodie: Crypto Fashion Gets Loud and Proud In New York

“Make blockchain stylish again, that’s my motto.” So quipped the emcee of the third Ethereal Summit in Queens, NY, during one of the final talks of the two-day event. He’d been asking attendees to ask embarrassing questions they might have about the technology. Joseph Lubin, founder and CEO of event host ConsenSys, had touted the occasion as a way to bring those outside the space into the fold. Artists, musicians, entrepreneurs, enterprise executives and government activists all blended with the usual crowd, and it was obvious. While the reclaimed glass factory where…

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Moral Food: A Fish’s Trek From ‘Bait to Plate’ on the Ethereum Blockchain

It’s a little bit like “Finding Nemo” – except at the end, you get to eat the fish. During the Ethereal Summit, hosted May 11-12 by ethereum startup/incubator ConsenSys in Queens, New York, attendees were given an immersive experience to highlight the benefits a blockchain could have of tracking goods as they move along the supply chain. While blockchain’s use for supply chain management is being tested for a whole host of products by startups and tech heavyweights alike, during the summit, Viant, an ethereum-based supply chain management startup, focused…

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Crypto Valley Association Taps VC Firm Lakestar as Strategic Partner

Switzerland-based blockchain consortium, the Crypto Valley Association (CVA), has added European venture capital firm Lakestar as a strategic partner, the association revealed to CoinDesk this week. Lakestar has previously dabbled in blockchain, and in 2017 made investments in crypto wallet provider Blockchain and exchange startup ShapeShift. Its portfolio also includes investments in Skype, Spotify, Facebook and Airbnb. With the announcement, Lakestar will join the rank of CVA’s existing strategic partners that include the multinational consulting firm PwC, and ethereum startup ConsenSys. In addition, Lakestar will chair the CVA’s new “Venture Building”…

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First Bitcoin Smart Contracts Sidechain Now Secured By 1 in 10 Miners

The first bitcoin smart contracts sidechain just reached an early milestone. To be revealed Monday at CoinDesk’s Consensus 2018 conference, RSK, the startup that built the long-anticipated technology, touted as a way to bring ethereum-style smart contracts to the world’s largest cryptocurrency, is issuing new details on the number of bitcoin users dedicating computing power to backing the experimental idea. First launched this past January, the sidechain pegged to bitcoin was admittedly limited in that it’s not pegged to bitcoin in a “trustless” way advocates have promised for so long. Rather,…

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IoT Startup Filament Hits Milestone for Blockchain Hardware

Filament, a startup that focuses on Internet of Things (IoT) solutions, announced Monday that it has successfully created a USB-compatible form factor for its blockchain semiconductor. Co-founder and CEO Allison Clift-Jennings told CoinDesk that the device, based on Filament’s existing technology, allows technologists to launch blockchain projects simply by plugging it into a compatible port. The blockchain-native semiconductor was first announced in January and offers “the ability to sign and verify transactions at the silicon level.” The new “Blocklet” device, she said, builds on that, allowing blockchain processors to interface…

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SAP Launches Blockchain Supply Chain Initiative

Multinational software firm SAP is expanding its work with blockchain into the supply chain space. Torsten Zube, SAP’s blockchain lead, revealed Monday that the company is looking to apply the tech to agricultural supply chains by way of its Farm to Consumer initiative. Companies like Johnsonville, Naturipe Farms and Maple Leaf are working as additional collaborators on the project. “The Farm to Consumer project perfectly showcases a common pattern we see in many of our blockchain projects,” Zube wrote in a blog post detailing the initiative. “Cross-company collaboration along complex…

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CoinDesk Releases Q1 2018 State of Blockchain Report

After reaching historic highs in 2017, cryptocurrencies languished across multiple fundamental metrics in this year’s first quarter. Unease permeated the industry, mostly from regulatory uncertainty and pull-back after a year of parabolic growth. To shed light on a tumultuous Q1, CoinDesk’s latest State of Blockchain report provides a 90-plus slide analysis of some of the most significant data points.  Released Monday, the report covers public blockchains, distributed ledger technology (DLT), consortium chains, initial coin offerings (ICOs), trading and investments, and regulation. It also features the results of our 50-plus question…

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Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments

A Florida county tax collector has partnered with bitcoin payments processor BitPay to accept cryptocurrency for a variety of services. Seminole County Tax Collector Joel Greenberg said in a statement Monday that his office will take bitcoin and bitcoin cash for payments associated with driver licenses and ID cards, automobile tags and titles and property tax. The office decided to accept the cryptocurrencies in an effort to streamline fee collection, reduce the potential for fraud and identity theft and increase the transparency and accuracy of payments. Greenberg’s office added that…

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