Israel: Former PM Calls Crypto a ‘Ponzi Scheme,’ But Underlines Importance of Blockchain

Cryptocurrencies are “Ponzi schemes,” while blockchain is “important,” says former Israeli prime minister. Ehud Barak, a former Israeli Prime Minister, has compared digital currencies to Ponzi schemes, Israeli media agency Arutz Sheva reported on Dec. 3. Barak had participated in the Camp David Accords in 2000 as part of an attempt to solve the Israeli-Palestinian […]

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Scalable ‘Blockchain’ Network Seals $35 Million From Sequoia Capital, Huobi and Others

A new, scalable blockchain-type network led by a Turing Award recipient and other academics has sealed $35 million in funding. A new blockchain-type network led by a Turing Award recipient and other academics has sealed $35 million in funding from big-name investors that include Sequoia Capital. The funding was reported by Fortune’s crypto-focused news section […]

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Celebs and ICOs: The Makings of a Dangerous Duo

The U.S. SEC’s move to fine celebrities for fraudulent ICO advertising tells a cautionary tale to investors and would-be advertisers. Like many different industries, Hollywood’s involvement with cryptocurrencies and Initial Coin Offerings (ICO) has become a reality and a number of celebrities have looked to capitalize on the surge in interest and potential money to […]

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Singapore: State Agency Backs Blockchain Accelerator Launched by Venture Capital Firm

A new blockchain accelerator set to launch in Singapore is backed by a government body supporting enterprise development. Singaporean government body Enterprise Singapore, along with other partners, has supported a new blockchain accelerator launched by a local venture capital firm, daily local newspaper The Straits Times writes Tuesday, Dec. 4. Trive Ventures has launched the […]

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Global Retail Giant Auchan Expands Blockchain Tracking Solution to Five More Countries

French retail giant Auchan has expanded its blockchain products’ traceability solution after successful a 18-month pilot in Vietnam. Global retail giant Auchan is expanding TE-FOOD’s blockchain solution to improve the transparency of products’ history, U.S.-based news agency Cision PRWeb reports today, Dec. 4. The French retail group, which is reportedly the 13th largest food retailer […]

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Joseph Lubin: ETH Incubator ConsenSys Gets ‘Lean and Gritty’ in Competitive Market

Ethereum blockchain startup and incubator ConsenSys plans to streamline and toughen its business style amid a competitive blockchain space. Major Ethereum (ETH) blockchain startup and incubator ConsenSys plans to streamline and toughen its business style amid an increasingly “crowded” competitive blockchain space. The shift in strategy was reported by online tech journal Breaker on Dec. […]

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Major South Korea Tech Holding and ConsenSys Sign MoU to Develop Blockchain Business Hub

SK Group has signed an MoU with ConsenSys to create and develop an “enterprise blockchain ecosystem.” South Korean technological holding SK Group has signed a Memorandum of Understanding (MoU) with ConsenSys for blockchain business cooperation, according to a SK Group official press release published today, Dec. 4. SK Holdings C&C is the information technology solutions […]

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