SEC charges Novatech, company founders, promoters with fraud

A data-sharing initiative involving one hundred of Japan’s biggest companies will use blockchain for its security, English-language news outlet Nikkei Asian Review reported on June 17.The project, which will commence in spring 2020, aims for participants to share production data in order to enhance overall efficiency.Its controller is the Industrial Value Chain Initiative, an industry…

Russian blockchain firm Waves has announced updates to its enterprise platform, including accelerated smart contract execution, licensing fees and inter-chain anchoring.On March 17, Waves wrote that the new Version 1.2 of Waves Enterprise will enable an increase in containerized smart contract execution speeds by up to 70 times. The company has sped up execution times by…

NFTs are the new museIn an exclusive shared with Cointelegraph, celebrity-focused NFT auction platform Cryptograph has announced the launch of an exclusive track from Muse frontman Matt Bellamy in the form of a nonfungible token (NFT). The token will be issued to accompany the launch of Bellamy’s new 10-track solo album Cryosleep on July 16, which…

Finco Services of Delaware has initiated a lawsuit against Facebook in a New York court, Oct.10, over the swirly tilde logo Facebook uses for its Libra token. The plaintiff is also suing its former designer, who did the logo work for Facebook, for reusing the design.Looking for a logoFinco Services alleges trademark infringement, unfair competition,…

Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox. Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan, according to reporting from Seoul on Jan. 9. Regulation-free zoneSouth Korea’s second-largest city,…

Mark Zuckerberg might claim the Metaverse is the future — but in the eyes of others, the future has already begun. Science fiction author Neal Stephenson coined the term “Metaverse” back in his 1994 novel, Snow Crash. Within the pages, the main character, Hiro Protagonist, navigates through the virtual world. Since 2003, millions have also worked,…

This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.

Some companies are using blockchain technology to open up the logistics routes that COVID-19 has closed down. 1035 Total views 11 Total shares A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and…

Reddit continues to provide more details about its blockchain community points system, which will run on the Rinkeby testnet before moving to the Ethereum network. 3097 Total views 60 Total shares The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year.On May 13, Reddit…