The proof-of-reserves pilot would take information that appears on Celsius’ website and have it fed from a public Horizen sidechain instead.
Telecom giant Verizon unveiled a proof-of-concept blockchain-based transparency tool for news releases on Friday.
Dubbed “Full Transparency,” the proof-of-concept is described as ” a blockchain-verified record of changes to its news releases.”
“This initiative seeks to transform how the Verizon Corporate Newsroom publishes news releases by providing an authoritative record of changes to public communications,” the firm said in a press statement. The firm framed it as part of a “responsible business plan” called Citizen Verizon, which it said is a broader effort to use technology “as a tool to improve communities, education and the workforce.”
Verizon said the project was developed alongside AdLedger, Huge and MadNetwork.
“As a technology company that quite literally connects people to information, we are excited to bring Full Transparency to market — a product that, in its own quiet way, can help ensure corporate accountability and trust,” said Jim Gerace, Chief Communications Officer for Verizon in the statement. “We invite organizations across the world that prize transparency as much as we do to adopt blockchain-verified communication practices.”
Official news releases incorporating Full Transparency will be tracked if and when changes are made. Such releases or statements “can be treated as authoritatively reflecting what was intended to be released,” according to the company. The news releases published to the Verizon Newsroom will be secured using cryptographic principles, where subsequent changes will be tracked and contextualized.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: MK Manoylov
Bitcoin’s price hit $13,600 before retrenching while some investors pulled crypto out of DeFi.
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Author: Daniel Cawrey
The Filecoin network is facing liquidity problems, forcing some miners to borrow the native token at outrageous rates.
The Maker DAO community is voting on a proposal to harden the protocol’s governance structure against flash loan voting.
The code for Taproot is ready to go, but developers are still discussing how to deploy the update across Bitcoin’s distributed network.
Bequant is adding New York-based Solidus Labs’ surveillance tools to its digital asset services business.
Was Satoshi’s release of the Bitcoin White Paper an allusion to the Reformation or something to do with the ancient pagan tradition of Samhain?
The as-yet-unlaunched crypto exchange INX has applied to list its digital security on the Canadian Securities Exchange (CSE).
Announcing the news on Friday, INX said the listing application is subject to the CSE’s approval. Once green-lighted, the INX token would get listed on the traditional stock exchange.
INX is currently amid an initial public offering (IPO) using its tokens. The firm has so far raised $10 million out of the targeted amount of $117 million. While the IPO is still open until the end of 2020, it looks challenging for INX to get the desired amount.
INX, headed by Digital Currency Group founder Barry Silbert’s brother Alan, is looking to develop INX Trading Solutions, a regulated exchange for cryptocurrencies, security tokens, and derivatives.
Earlier this week, INX said it would acquire Chicago-based broker-dealer Openfinance Securities. The deal is subject to regulatory approvals and other closing conditions.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The Swiss Financial Market Supervisory Authority (FINMA) has authorized Gazprombank Ltd to offer cryptocurrency custody services as well as trading between crypto and fiat currency, according to a release published Oct. 29.
Such services are intended for the bank’s corporate and institutional clients and, after following a stringent evaluation process, will extend to a limited number of patrons. Gazprombank will provide institutional-grade storage solutions, as well as the purchase and sale of Bitcoin. The bank intends to slowly expand its offering to additional cryptocurrencies as well as other products and services.
“We are very pleased to be able to offer these services to our clients after years of professional development using top industry know-how,” says CEO Roman Abdulin in the statement. “The authorization by the Swiss regulator FINMA marks a very important milestone for Gazprombank.”
Gazprombank (Switzerland) is a Swiss-registered bank that is owned by Gazprombank, headquartered in Russia.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
