Binance Launches Multi-Account Feature for Institutional Crypto Traders

Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature. Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms’ main accounts will be able to control these sub-accounts, granting them permissions as needed. A single institution may have up to 200 sub-accounts, according to the exchange. In addition to the different levels of account types, Binance will allow different sub-accounts to transfer funds with no fees…

UAE Launches Blockchain Initiative to Process 50% of Govt. Transactions by 2021

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The government of the United Arab Emirates has unveiled two national initiatives focusing on strengthening the position of the country globally in emerging technologies such as blockchain and artificial intelligence. One of the programs that were launched during the second UAE Government Annual Meetings which took place in the capital Abu Dhabi was the AI and Blockchain Guide initiative, as initially reported by the Emirates News Agency. With this…

Malaysia Launches Blockchain Certificate Verification to Combat Degree Fraud

Twitter Facebook LinkedIn The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country. This has seen the ministry unveil an issuance and verification system for university degrees based on the NEM blockchain. Known as the e-Scroll system, the idea of the blockchain application was mooted early this year by the Council of ICT Deans of Malaysian universities. The e-Scroll system is expected to combat the rising cases of fake degrees in…

Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

Twitter Facebook LinkedIn Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia. Known as BlocRice, the app uses distributed ledger technology to implement smart contracts where details such as the farm gate price of organic rice, trade volume and method of transportation are recorded, according to the Khmer Times. The project which will initially work with 50 rice farmers in Cambodia’s Preah Vihear province during the first year is expected to boost the bargaining power…

Singapore’s National Energy Provider Launches Blockchain Marketplace for Green Energy

Singapore’s national electricity and gas provider has launched blockchain-powered trading of renewable energy certificates in a new marketplace. The blockchain is designed and built in-house by the company’s own team of digital energy experts to “ensure the security, integrity and traceability” of every renewable energy certificate (REC) transaction, Singapore Power (SP) said in a press release. The SP Group, a unified corporate entity of former electricity and gas departments of Singapore’s Public Utilities Board, claims the blockchain marketplace will enable local and international companies meet their energy sustainability targets. When…

ING Bank Launches Zero-Knowledge Tech for Blockchain Privacy

ING Bank is continuing further down the path of advanced blockchain privacy with the release of its Zero-Knowledge Set Membership (ZKSM) solution, announced this week at the Sibos banking conference.  The Netherlands-based lender had already received plaudits for adapting classical zero-knowledge proofs (a way of proving possession of a secret without revealing the secret itself) into a simpler form for use within the bank called zero-knowledge range proofs. Zero knowledge range proofs can prove a number is within a specific range. For example, a mortgage applicant could prove that their salary…

Accenture Launches Commercial R3 Blockchain Solution in Thailand

Global consulting giant Accenture and Digital Ventures, a fintech subsidiary of Thai financial services conglomerate Slam Commercial Bank (SCB) have announced the launch of a jointly developed blockchain solution that makes commercial operations in Thailand more efficient by using R3‘s open-source Corda blockchain protocol to revamp the process of making and receiving payments and accessing finance. Operating Framework According to the announcement, the new platform is the world’s first fully integrated procure-to-pay solution, operating on R3’s Corda open-source platform. Accenture developed the platform in partnership with SCG using “design thinking,…

Circle Launches Collections | Three New Additions to the Investment App

Circle launches Collections, a new addition to Circle’s crypto investment app. Circle Launches Collections A few months ago, Circle debuted ‘Buy the Market.’ It was a way for its customers to buy the listed assets it had on its platform in just one tap. Circle’s feature was so successful that over 30 percent of the users were using it after its debut. This morning, the company is building upon its theme and has launched three additional collections: Platforms, Payments, and Privacy. Each of these new collections divides the crypto assets into…

FOAM Is Live: Decentralized World Map Launches on Ethereum

One of the year’s most hotly anticipated blockchain applications is now live. FOAM, which aims to build a reliable, resilient world map using smart contract technology, announced that the decentralized application (dapp) has launched on the ethereum blockchain and is already “seeing the first users populate the map.” Speaking to CoinDesk in June, FOAM co-founder and CEO Ryan John King explained the motivation behind the dapp, saying “people think location is a solved problem.” Rather, King argued, centralized mapping services like GPS – which is owned by the U.S. government…

Crypto Project Carbon Launches Stablecoin CarbonUSD

Crypto project Carbon is launching its own stablecoin called CarbonUSD. According to its website: “Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.” The coin will be based on the Ethereum network and is said to be backed one-for-one by the US dollar. Its arrival comes a week after the release of two competitor stablecoins, the Gemini dollar and Paxos Standard. What’s all the fuss about stablecoins? Stablecoins Stablecoins have become a more popular crypto release of recent months. Designed to bring stability to such a volatile market, the idea behind them…