Norfolk Southern is the latest railway to join the Blockchain in Transport Alliance.
Norfolk Southern the Latest Railway to Join Blockchain Transport Group [coindesk]
Cryptocurrency News
EY’s Maritime Blockchain Insurance Tech Is Now Live [coindesk]
A group of companies piloting a blockchain-based insurance platform for global shipping industry said the technology is now live in commercial use.
US: Shipping Startup Refutes Claims of Securities Laws Violations by State Regulator [cointelegraph]
Shipping startup ShipChain denies allegations by state regulators that it broke securities laws during its SHIP token sale
Coinbase Acquires Ethereum-powered Exchange Paradex and Retires GDAX [btcmanager]
Global cryptocurrency exchange Coinbase recently announced on Wednesday, May 23, 2018, the acquisition of Paradex, a relay platform that allows users to trade cryptocurrencies directly with one another. According to Reuters, Coinbase is looking to improve the technology and expand Paradex’s service globally. Paradex is seen as a decentralized exchange since it does not hold any cryptocurrency tokens on behalf…
South Africa’s Central Bank Calls Crypto ‘Cyber-Tokens’, Not Currency [cointelegraph]
The central bank of South Africa will classify digital currencies “cyber-tokens,” claiming they don’t fit the definition of money
American Express Taps Hyperledger Blockchain for Rewards Program Revamp [ccn]
American Express has deployed Hyperledger’s blockchain technology to make its Membership Rewards program more versatile, marking the first application of blockchain technology to a major U.S. financial services loyalty program. Under the revamped program, merchants will be able to create Membership Rewards offers on their own platforms to engage customers and at the same time
Shanghai Startup to Use Blockchain to Verify Wine Origin, Fight Counterfeits [cointelegraph]
Shanghai-based startup VeChain intends to verify the whole wine supply chain with blockchain technology
DoJ Probe to Examine Bitcoin Exchanges For Alleged Price Manipulation [btcmanager]
The U.S. Department of Justice (DoJ) has been keeping an eye on the alluring volatility of the price of bitcoin, with reports emerging of a launch of criminal probe for price manipulation on exchanges. Bloomberg reported May 24, 2018, the DoJ is not amused by bitcoin’s price swings, and is on the lookout for traders who dramatically influence the cryptocurrency…
ShipChain Pushes Back Against Securities Violations Claims [coindesk]
In a statement, ShipChain said it did not violate securities laws or offer its token for sale in South Carolina.
German Bank and Steel Conglomerate Execute Forex Transaction via Blockchain [cointelegraph]
German Commerzbank and Thyssenkrupp have completed a blockchain pilot transaction of a forex forward worth €500,000