We at Beyond The Routine brings you recaps of weekly interesting news regarding cryptocurrency. Enjoy!
Crypto News Season3 Episode2 – June 29th, 2017
1. Mark Cuban is about to participate in his first ICO
Cuban portfolio company Unikrn, an e-sports betting platform, will be launching 1 billion new tokens – called UnikoinGold – will adhere to the ERC-20 ethereum standard. The ICO is set to go live on August 31st.
“Growth in gambling is going to accelerate,” Cuban told CoinDesk. “Unikrn is better positioned than any other company to leverage that growth not only with their core business, but with blockchain.” He concluded: “The ICO opportunity is a perfect fit.” “High risk. High reward.”
2. Ether Rebound as price rises back above $300
Following a brutal week of so called “market correction”, the digital token that powers the ethereum blockchain rebounded about $300 from earlier trading sessions in the low $200s. This rebound signals the market movement of reversion-to-mean after the over-drastic market sell-off.
3. Blockchain payments startup Veem integrates with Intuit QuickBooks
Intuit QuickBooks customers can now send international payments via blockchain payment provider Veem as an alternative to traditional wire transfers. Users can currently send and receive money from 24 countries via the service. Intuit has been enabling merchants to leverage the bitcoin blockchain as far back as 2014, and later adding Coinbase as a payment option for its merchant network.
4. European Banks select IBM Blockchain for small business trade finance
IBM will build and host the new blockchain-based trade finance platform for the Digital Trade Chain Consortium, which is made up of seven banks including Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe General and Unicredit. The platform will be built on the Linux Foundation’s Hyperledger Fabric blockchain and will run on the IBM Cloud. This solution is being designed to reduce transaction costs and increase transparency for small- and medium-sized enterprices.
5. Europe’s two largest ports are testing blockchain technology for logistics automation
Belgium-based Port of Antwerp teams up with blockchain startup T-Mining to use the tech to automate and streamline the terminal’s container logistics operations, with the goal to speed up the interations between port customers to prevent the malicious manipulation of data. According to the terminal authority, moving containers from point to point often involves more than 30 different parties, which results in hundreds of emails, phone and fax, and the paperwork alone accounts for up to half of the cost of container transport. As reported earlier this year, Danish shipping giant Maersk completed its first live blockchain trial designed to simplify the shipping of trillions of dollars of goods around the world.