Samsung Electronics Co. is considering a blockchain ledger system to keep track of global shipments worth tens of billion of dollars a year, according to Song Kwang-woo, the blockchain chief at Samsung SDS Co., the group’s logistical and information and technology arm. The system could cut shipping costs by 20 percent, according to SDS.
Chilean cryptocurrency exchanges BUDA, Orionx, and CryptoMarket (CryptoMKT) have recently applied to an appeals court to confront the banks that shut down their platforms’ accounts, Bloomberg reported Friday, April 13. The court has agreed to hear the case, but the bank accounts are still closed.
The Russian government has reportedly prepared a review of the draft bill “On Digital Financial Assets,” detailing that the exchange of cryptocurrency for fiat for more than 600,000 rubles (about $9,600) or its foreign equivalent is subject to mandatory currency exchange regulation, according to local crypto news outlet Forklog Friday, April 13.
Financial services provider Mastercard has recently announced it will hire 175 new employees in Dublin to increase its presence in Ireland. Among others, the company is looking for Blockchain specialists, local news outlet Irish Tech News reported April 12.
Austin-based blockchain-as-a-service company Factom is partnering with FPT Software, an IT services company stationed in Vietnam. The two enterprises will work with each other to develop a new blockchain technology platform through Factom Harmony — a system that creates audit records regarding data, decisions, activities and events. The purpose of the platform is to digitize and store files by utilizing simple APIs and Factom’s blockchain solutions, so information can become confirmable and auditable respectively.
Cryptocurrency exchange Coinbase has acquired mobile ethereum wallet Cipher Browser, the companies announced on Friday.
Sowa Labs, a subsidiary of Börse Stuttgart, unveiled the app on Friday, which it said would be available for use in September and will initially offer trading support for bitcoin, ether, XRP and litecoin. According to the app’s official website, “more assets [are] coming soon.”
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