Two Massachusetts Men Arrested For Stealing Cryptos

Two Massachusetts Men Arrested For Stealing Cryptos

By RTTNews Staff Writer | Published: 11/15/2019 9:43 AM ET

Two Massachusetts men have been arrested and charged in U.S. District Court in Boston for running a nationwide scheme to steal social media accounts and cryptocurrency, according to a statement by the U.S. Department of Justice (DoJ). They used techniques such as "SIM swapping," computer hacking and other methods.

21-year-old Eric Meiggs and 20-year-old Declan Harrington were indicted of 11 counts, charging them with one count of conspiracy, eight counts of wire fraud, one count of computer fraud and abuse and one count of aggravated identity theft.

The two men are charged of targeting crypto-related company executives and others who possibly held significant amounts of cryptocurrency and those who had high value social media account names.

They conspired to hack into, and take control over, these victims' online accounts so that they could obtain things of value, such as cryptocurrency.

Meiggs and Harrington targeted at least 10 identified victims around the country and allegedly stole, or attempted to steal, over $550,000 in cryptocurrency from these victims alone.

"SIM swapping" or "SIM hijacking" is a growing crime in the telecommunications world that, in a few moments' time, can allow a thief to steal millions of dollars of an unsuspecting victim's assets. This can be done with little more than a persuasive plea for assistance, a willing telecommunications carrier representative, and an electronic impersonation of the victim.

According to a report on krebsonsecurity.com, the U.S. State of California is said to be the hub of unauthorized "SIM swaps." The report says kids aged particularly between 19 and 22 are found to be stealing millions of dollars in cryptocurrencies.

SIM swapping attacks primarily target individuals who are visibly active in the cryptocurrency space, such as people working at cryptocurrency-focused companies, speakers at public conferences on blockchain and cryptocurrency technologies, and those openly talk on their crypto investments on social media.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

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You Can Now Buy Coffee With XRP: Coinbase Card Expands

You Can Now Buy Coffee With XRP: Coinbase Card Expands

If you’re up for it, a top cryptocurrency company has expanded its debit card solution to support XRP, allowing consumers to spend the third-largest digital asset in thousands of physical and online stores, like in a coffee shop.

Meet Coinbase Card

Crypto debit cards have long had a spotty reputation in this embryonic industry. Companies that have tried their hand at launching such products have, by and large, failed miserably, falling victim to either trigger-happy regulations or the, say, the oppressive power of the entities residing over traditional payment rails.

Though, earlier this year, Coinbase, a top crypto exchange, revealed the fittingly-named Coinbase Card, a Visa debit card that gives users a chance to spend their cryptocurrencies “as effortlessly as the money in their bank.” At first, the launch was limited: only users in the U.K. could get the card, and they could only spend Bitcoin, Ethereum, Litecoin, and a few other top cryptocurrencies to fund their payments or withdrawals from ATMs. This is changing, however.

Revealed on Twitter, Coinbase Card can now be used with Basic Attention Token, Stellar Lumens, Ripple’s XRP, 0x/ZRX and Augur’s REP. XRP and the other new coins supported join BTC, ETH, BCH, and LTC.

In a separate tweet, this branch of the industry behemoth revealed that it has made its cryptocurrency-enabled debit card available in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden.

For more information about how exactly eligible users can spend XRP in stores, here’s a quote from Coinbase U.K. CEO Zeeshan Feroz:

“Customers can use their card in millions of locations around the world, making payments through contactless, Chip and PIN, as well as cash withdrawals from ATMs. When customers use their Coinbase Card, we instantly convert crypto to fiat currency, such as GBP, which is used to complete the purchase.”

It isn’t clear if this will have a tangible effect on the price of XRP. Though, it can be assumed that it may slightly depress prices over time; after all, users selling their XRP to purchase real-life goods will create a supply-demand imbalance, pushing prices lower with time. XRP may need to counteract this new selling pressure by increasing demand via projects announced at an event like Swell.

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Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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US Homeland Security To Use Blockchain To Track Oil Import

U.S. Homeland Security To Use Blockchain To Track Oil Import

By RTTNews Staff Writer | Published: 11/11/2019 10:04 AM ET

The U.S. Department of Homeland Security (DHS) is set to use blockchain technology to track cross-border oil import.

The department's Science and Technology Directorate (S&T) has awarded a grant of $182,700 to Canadian enterprise blockchain start-up Mavennet Systems, Inc. to develop a solution for this purpose.

Under the terms, Mavennet is required to modify its existing oil and gas tracking platform to meet the requirements of the U.S. Custom and Border Protection (CBP) to track cross-border oil imports.

The CPB expects the new platform to track the evidence of oil flow through pipelines and refinement between the U.S. and Canada and attribute oil imports with the accurate composition and country of origin.

The platform will enable real-time digital auditability of the natural gas trading markets in Canada to address CBP needs for cross-border oil import tracking, while ensuring broad interoperability among other imported commodities.

The grant is part of the DHS S&T's up to $800,000 grant program launched in December 2018 to seek innovative blockchain and distributed ledger technology (DLT) solutions through a new solicitation, "Preventing Forgery and Counterfeiting of Certificates and Licenses," under its Silicon Valley Innovation Program (SVIP).

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

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Canadian Blockchain Firm Launches US Dollar-backed Stablecoin

Canadian Blockchain Firm Launches US Dollar-backed Stablecoin

By RTTNews Staff Writer | Published: 11/12/2019 9:33 AM ET

Canadian blockchain firm Blockchain Venture Capital Inc. (BVCI) officially launched CUSD, a U.S. dollar-backed stablecoin, to be used globally. The move comes just four months after it introduced the Canadian dollar-backed stable coin CADT. CUSD is pegged 1:1 to the U.S. dollar.

Both the stablecoins, CADT and CUSD, will enable individuals and businesses primarily in cross border trades between Canada and America. This will eliminate the drawbacks of using cash or expensive third-party intermediaries.

The stablecoins can be used with BVCI's BvcPay app, which also functions as a digital asset wallet, blockchain explorer, and over-the-counter trading and decentralized exchange platform.

Users can also transfer their CUSD stablecoin from their own digital wallet to the BVC-wallet in exchange for an equivalent amount of US dollar.

CUSD facilitates cashless transactions with the pledged value of US dollar deposited into an Escrow Account with a US-based financial institution. BVCI can also reconcile CUSD and US dollar on a real-time basis.

BVCI is a blockchain research and development firm which has developed a public, decentralized blockchain (BVC-Chain) that combines the Ripple and Ethereum blockchains as well as mobile application BvcPay.

eToro's own secure and regulated cryptocurrency exchange called eToroX also has introduced a Canadian dollar-pegged stablecoin, CADX, in April and the TrustToken asset tokenization platform launched its Canadian dollar-backed stablecoin called TrueCAD in May.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

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Google’s Project Nightingale’ Gathers Personal Health Data on Millions of Americans

Google’s ‘Project Nightingale’ Gathers Personal Health Data on Millions of Americans

Search giant is amassing health records from Ascension facilities in 21 states; patients not yet informed


Google launched the effort last year with Ascension, the country’s second-largest health system.
PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS

By Rob Copeland
Updated Nov. 11, 2019 4:27 pm ET

Google is engaged with one of the U.S.’s largest health-care systems on a project to collect and crunch the detailed personal-health information of millions of people across 21 states.

The initiative, code-named “Project Nightingale,” appears to be the biggest effort yet by a Silicon Valley giant to gain a toehold in the health-care industry through the handling of patients’ medical data. Amazon.com Inc., Apple Inc. and Microsoft Corp. are also aggressively pushing into health care, though they haven’t yet struck deals of this scope.

Google began Project Nightingale in secret last year with St. Louis-based Ascension, a Catholic chain of 2,600 hospitals, doctors’ offices and other facilities, with the data sharing accelerating since summer, according to internal documents.

The data involved in the initiative encompasses lab results, doctor diagnoses and hospitalization records, among other categories, and amounts to a complete health history, including patient names and dates of birth.

Paging Nurse Google

The tech giant is teaming with Ascension on an ambitious project to crunch patient data for treatment and administrative purposes.

Neither patients nor doctors have been notified. At least 150 Google employees already have access to much of the data on tens of millions of patients, according to a person familiar with the matter and the documents.

In a news release issued after The Wall Street Journal reported on Project Nightingale on Monday, the companies said the initiative is compliant with federal health law and includes robust protections for patient data.

Some Ascension employees have raised questions about the way the data is being collected and shared, both from a technological and ethical perspective, according to the people familiar with the project. But privacy experts said it appeared to be permissible under federal law. That law, the Health Insurance Portability and Accountability Act of 1996, generally allows hospitals to share data with business partners without telling patients, as long as the information is used “only to help the covered entity carry out its health care functions.”

Google in this case is using the data in part to design new software, underpinned by advanced artificial intelligence and machine learning, that zeroes in on individual patients to suggest changes to their care. Staffers across Alphabet Inc., Google’s parent, have access to the patient information, internal documents show, including some employees of Google Brain, a research science division credited with some of the company’s biggest breakthroughs.

Google Cloud President Tariq Shaukat said the company’s goal for health care is centered on “ultimately improving outcomes, reducing costs, and saving lives.”

Eduardo Conrado, an executive vice president at Ascension, said: “As the health-care environment continues to rapidly evolve, we must transform to better meet the needs and expectations of those we serve as well as our own caregivers and health-care providers.”

Google and nonprofit Ascension have parallel financial motives. Google has assigned dozens of engineers to Project Nightingale so far without charging for the work because it hopes to use the framework to sell similar products to other health systems. Its end goal is to create an omnibus search tool to aggregate disparate patient data and host it all in one place, documents show.

The project is being developed under Google’s cloud division, which trails rivals like Amazon and Microsoft in market share. Google Chief Executive Sundar Pichai has said repeatedly this year that finding new areas of growth for cloud is a priority.

Ascension, the second-largest health system in the U.S., aims in part to improve patient care. It also hopes to mine data to identify additional tests that could be necessary or other ways in which the system could generate more revenue from patients, documents show.

Ascension is also eager to have a system that is faster than its existing decentralized electronic record-keeping.

Google, like many of its Silicon Valley peers, has at times drawn criticism for not doing enough to protect user privacy. Its YouTube unit agreed in September to pay $170 million in fines and change its practices in response to complaints that it illegally collected data on children to sell ads. YouTube neither admitted nor denied wrongdoing.

Last year, the Journal reported that Google opted not to disclose to users a flaw that exposed hundreds of thousands of birth dates, contact information and other personal data of subscribers in its now-defunct social-networking website Google Plus, in part because of fears that the incident could trigger regulatory scrutiny. Google said at the time it went beyond legal requirements in determining not to inform users.

Regulators are now scrutinizing the company on a number of fronts. Federal and state investigators over the summer made public separate antitrust inquiries into Google. The federal probe is examining whether Google’s existing trove of data amassed from its flagship search engine, home speakers, free email service and numerous other arms give the company an unfair advantage over competitors, people familiar with the matter said.

Google has said its products increase consumer choice and that it is committed to cooperating with the inquiries. This year, Mr. Pichai has touted new privacy protections for Google’s billions of users.

The company made public this month a $2.1 billion deal for wearable fitness maker Fitbit Inc., which makes watches and bracelets that track health information like a person’s heart rate. Politicians of both parties quickly criticized the deal; Rep. David Cicilline (D., R.I.), chairman of the House Antitrust Subcommittee, warned that the Fitbit deal would give Google “deep insights into Americans’ most sensitive information.”

The companies said they would be transparent about any Fitbit data they collect.

Google appears to be sharing information within Project Nightingale more broadly than in its other forays into health-care data. In September, Google announced a 10-year deal with the Mayo Clinic to store the hospital system’s genetic, medical and financial records. Mayo officials said at the time that any data used to develop new software would be stripped of any information that could identify individual patients before it is shared with the tech giant.

Google was founded with the goal of organizing the world’s information, and health has been a fascination of its top executives from the early days. Google Health, a fledgling effort to digitize existing medical records, was shut down in 2011 after three years of limited adoption. Alphabet has since poured millions of dollars into its under-the-radar Calico and Verily divisions, which aim to combat aging and manage disease, respectively.

Google co-founder Larry Page, in a 2014 interview, suggested that patients worried about the privacy of their medical records were too cautious. Mr. Page said: “We’re not really thinking about the tremendous good that can come from people sharing information with the right people in the right ways.”

Write to Rob Copeland at rob.copeland@wsj.com

Article written by Rob Copeland and posted on the WSJ.com.

Article reposted on Markethive by Jeffrey Sloe

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Americans Owning Cryptocurrency Nearly Double From 2018: Survey

Americans Owning Cryptocurrency Nearly Double From 2018: Survey

By RTTNews Staff Writer | Published: 10/31/2019 11:23 AM ET

Despite being a turbulent year for cryptocurrency, the number of Americans who own a cryptocurrency has nearly doubled to 14.4 percent in 2019 from 7.95 percent in 2018, a strong growth of 81 percent in one year, a latest survey shows.

A survey among more than 2,000 American citizens commissioned by Australia-based financial services firm finder.com found that 14.4 percent or about 36.5 million Americans have invested in some form of cryptocurrency. The survey report titled "A rising number of Americans own crypto" was released in mid-October.

The data from the survey shows that Americans who invested in cryptocurrencies have an average $5,447 in coins, with roughly three-quarters of respondents actually holding less than this amount.

However, the median amount of cryptocurrencies in American digital wallets is just a modest $360 as only an estimated 85.6 percent of Americans want to put their money into a digital wallet.

Though Bitcoin or BTC is the most popular among cryptocurrency owners, 55.4 percent of them have also invested in another form of cryptocurrency such as Ethereum, Litecoin, XRP etc.

The survey said 61 percent of the respondents or an estimated 22.3 million Americans also cited using a coin as a form of investment as the main reason for them choosing to own a cryptocurrency.

The second most common reason for using cryptocurrency cited by 29.3 percent of the respondents or an estimated 10.7 million Americans was for transacting payments.

This was followed by 25.3 percent of the respondents or an estimated 9.3 million Americans wanting to store their savings outside of traditional banks. 18.2 percent of those surveyed or an estimated 6.6 million Americans said they own cryptocurrencies for sending money overseas.

The survey also found a major gender gap in cryptocurrency holding as men owning cryptocurrencies outnumber women by twice the rate, with 19 percent men owning cryptocurrencies compared to just 10 percent of women. This translates to about 23.6 million men and 12.9 million women.

Of the Americans surveyed, 47.9 percent or about 103.4 million Americans say it's too complicated or difficult to understand, 45 percent think they aren't interested and 23 percent think crypto is too much of a risk.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

What Is A Market Network?

What Is A Market Network?

Market Network Image

Back in 2015, it was exhibited that the next 10 years would be all about Market Networks whereas the last decade was focused on Social Networks. There were a few companies mentioned that were deemed to be market networks and essentially had the key factors of a market network and what it is purported to be. However, since then we have gone next level with blockchain technology. But has any of those market networks actually adopted this new and beneficial technology?

 

So what exactly is a Market Network?

 A market network is a combination of a marketplace and a social network that includes SaaS which helps the individuals in the market network to work with customers and other service providers to build relationships rather than just quick transactions we experience on eBay or Amazon. 

Marketplaces are essentially about selling your product or service even though reviews of goods purchased by the customer are there to guide potential customers’ purchasing decisions. However, marketplaces are predominantly where buyers and sellers meet for one-off transactions. Typically, marketplaces are an accumulation of sellers. 

Marketplace

 

We all know what social networks are. Over the last 15 years, most of us have participated in Facebook or Linked to communicate with people and build relationships for whatever reason. However, commerce is not the core objective of social networks.

 

SaaS (Software as a Service)are business applications, including email and collaboration, customer relationship management (CRM), billing/payroll processing, sales management, human resources management, financial management, database management, enterprise resourcing planning (ERP), content management, and document editing and management.

So what we had was two separate places for your online presence and commerce. A marketplace to sell stuff, and a social network to build relationships. The SaaS doesn’t exist on these platforms, that’s separate and an added expense for business owners and marketers.
Software as a Service

But what if you provide a service that is more involved than a simple buy-sell transaction. On top of that, what if you need collaboration with other professionals in your industry to form a team to provide a complete service?

Well, that’s what market networks are all about. In the market network, you are a service provider, but also a person with a profile, with history, reviews, score, etc. You can team up with other people to provide a complex service to a customer and channel the workflow through a SaaS solution.

 

How Does Blockchain Fit Into The Market Network Model?

To be successful in online branding and operating a business in the ever-expanding internet world, you must maintain your profile in many networks, social and market. It’s difficult to effortlessly scale your reputation from one network to a different one. They are pretty much isolated from each other and they can’t communicate with each other, nor do they really want to because they generally belong to someone. And it so happens that “someone” is never the community that brings value to the platform. It’s not easy for a centralized market network to diversify among service providing platforms and it takes a lot of effort to build and maintain individual profiles that you can only use in an isolated network. 

What if your online identity always belonged to you, not a service or platform? And also, the reputation of your branding was maintained by the network and that network also belonged to you? In other words, a decentralized reputation that would enable you to plug into any other centralized network. You see, when your reputation is decentralized, the entire digital space becomes your network.

Blockchain is the ultimate framework or infra-structure tool that gives individuals true ownership of their digital selfhood and reputation. It creates self-sovereignty.

 

Decentralization

Decentralization In The Marketplace

Decentralization has many features that are beneficial for industries and users around the world. Reduced fees, increased efficiencies, removal of biased agendas and tiers of corruption and greed.

There have been companies like Airbnb and Uber that introduced a new era allowing people to rent out and monetize items. Or eBay and Etsy allowed people to sell products online and Upwork and Fiverr helped freelancers to sell their services. At this stage, these companies are all centralized and very linear with no collaboration between them.

Enter Blockchain.

A decentralized marketplace allows for true peer-to-peer transactions without centralized authorities taking their fees. This is made possible through blockchain technology and smart contracts. We no longer need the trusted third party verifying sellers and ensuring payments. 

 

Decentralization In Social Media

The traditional social media platforms are losing their edge, and their users have taken a massive beating. While some have given up on their social media world completely because it’s affecting their psychological well-being, some have become very disappointed with the fact that the benefit of their work was being passed onto the site more than them or their hard work has been deleted by centralized authorities due to hidden agendas.

If this wasn’t enough, user data, which is meant to be confidential, is being made available in the open market, with governments, advertising companies and more having access to it. This has made users apprehensive about sharing personal details of their lives.

Social Media

 

Enter Blockchain

Blockchain is going to transform the user experience in social media networking. These are important factors like the users’ information is encrypted on the blockchain network, so the privacy of data is maintained. Also, a platform can offer monetary compensation and loyalty programs for any and all activity performed by the user. Imagine producing viral content on the platform and getting paid for it? This does not happen on traditional social media, fast becoming a product of drama, agendas, and antiquity.

There are upcoming platforms that are classed as social media on the blockchain whereby you can monetize your blogs, some even have a messaging app integrated, but it stops there. Imagine a complete Market Network as described above that is decentralized, pluggable, and portable which are key components and that have the capabilities to have your marketing, blogging, Storefronts, in fact, all your branding goes viral across all platforms in the internet space?

Enter Markethive – Embracing Blockchain Technology

Markethive is a social marketplace, digital media platform for entrepreneurs that have the combined power of Facebook/LinkedIn, Marketo/Hubspot and Amazon/eBay along with Crypto News Sites like Cointelegraph/Bitcoin.com. Delivering a dynamic social network, integrated with Inbound Marketing (SAAS), numerous commerce platforms, storefronts coupled with augmented reality, and multiple traffic portals, built on the blockchain.

Markethive Logo

Does It Pay?

Markethive is a next-generation Market Network and the first to adopt blockchain technology that has positioned itself as a complete ecosystem for Entrepreneurs. Using the latest technology, it provides prosperous solutions for all business owners, marketers who require an online presence. Including Markethive’s own Coin (MHV) and Crypto Exchange for ease of liquidity as well as purchasing products and services within the Markethive ecosystem.

Creating a “Universal Income” for entrepreneurs, Markethive is delivering an infinity airdrop incentive to new subscribers, Bounty, and Loyalty programs and has set up the entire system with faucet like or micropayment rewards for using the system, including “Tips” instead of “Likes” This means the whole system is monetized for the benefit of all users. The income potential is huge and the MHV Coin ensures that all users will earn money for everything they do in Markethive.

3 Pillars of Market Network

 

So What Do You Get?

Markethive's functionalities include SEO features, Analytics, Customer Management System, Traffic Portals, Capture Page and Lead Creation, Profile Page, Resume, E-commerce portals, Video Conferencing, Blogging PlatformMessaging, Press Release, and Sponsored Article distribution, Banner Program and much more. Also included are significant training tutorials and weekly live support meetings, with a step by step automated tutorial system in the works.

Inbound Marketing is a key component of Markethive’s embodiment. Markethive plugs into all Social Media, simplifying your marketing efforts, with automated email campaigns allowing for lead flow into your designated business. Markethive incorporates collaboration building relationships within the community.

Did I mention that the inbound marketing component is free to use while being rewarded with MHV? The only thing that is more rewarding beyond your wildest dreams is the loyalty program which enables you to profit from all facets of the Markethive system including receiving dividends from the company’s net profits. It basically means you as part of the Markethive community own a piece of Markethive, unlike the centralized companies with their venture capitalists and shareholders.

Market Annotation

Conclusion

The potential of what the blockchain offers is extremely exciting. And although we are seeing some companies integrating the blockchain as they see what it can do for them and the world holistically, large scale adoption may still take some time. However, the unconventionality of this next-level technology shouldn’t deter marketers, business owners, entrepreneurs, in fact, anyone with a social or marketplace profile from embracing this new protocol given that it offers people many advantages in the form of transparency, security, anonymity, and performance with the added benefit of self-sovereignty.

In the next article, we will explore Inbound Marketing and blockchain. Stay tuned…

 

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Deb Williams

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

Original article posted on the Markethive.com site, by Deb Williams.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Volvo To Use Blockchain To Trace Cobalt Used In Electric Car Batteries

Volvo To Use Blockchain To Trace Cobalt Used In Electric Car Batteries

By RTTNews Staff Writer | Published: 11/8/2019 9:05 AM ET

Volvo Cars Group is set to become the first carmaker to use blockchain technology to trace the cobalt used in lithium ion batteries used for its electric cars. The company announced last month the launch of its first fully electric car, the XC40 Recharge.

The carmaker is providing traceability of raw materials, such as cobalt, used in the production of the batteries used in its cars as part of its commitment to provide its customers the information that materials for the batteries has been sourced responsibly.

By implement global traceability of cobalt using blockchain, Volvo Cars will gain provenance of cobalt used in lithium-ion batteries for their electric vehicles and provide customers with transparency of the raw material supply chain as the information about the material's origin cannot be changed on blockchain.

The data on the blockchain will include the cobalt's origin, attributes such as weight and size, the chain of custody and information establishing that participants' behavior is consistent with the Organization for Economic Co-operation and Development (OECD) supply chain guidelines.

Volvo Cars has already reached agreements with its two global battery suppliers, China-based Contemporary Amperex Technology Co., Limited (CATL) and South Korea-based LG Chem to implement traceability of cobalt starting this year.

Last month, Volvo Cars also launched an ambitious climate plan to reduce carbon emissions by 40 percent per vehicle by 2025, as well as a continued commitment to ethical business across its entire operations and supply chain.

Volvo Cars Group, founded in 1927, has been under the ownership of the Zhejiang Geely Holding of China since 2010. It has sold 642,253 cars in 2018 in about 100 countries. Volvo Cars said it expects half of its global sales to consist of fully electric cars and the rest hybrids by 2025.

In April, German car maker Volkswagen Group joined an industry consortium that will use blockchain technology for the responsible sourcing of strategic minerals which are used in the production of vehicles. Other members in the blockchain network include Volvo Cars, Ford Motor Co., Huayou Cobalt, IBM and LG Chem along with co-founding responsible sourcing specialists RCS Global Group.

The network is built on the IBM Blockchain Platform, and powered by the Linux Foundation's Hyperledger Fabric.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

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Bitcoin Price Tanks Below 9000 What Comes Next?

Bitcoin Price Tanks Below $9,000; What Comes Next?

The volatility that analysts expect in the Bitcoin (BTC) markets is finally here. Over the past few hours, the leading cryptocurrency has started its first notable price move in literal days, tanking from $9,200 to $8,700 — a 6% move lower — in the space of only a few hours.

So, how are analysts responding to this latest move, which comes after two weeks of price ranging between $9,000 and $9,500?

Well, analysts aren’t too bullish, at least for a short-term time frame. Popular cryptocurrency trader DonAlt observed that a chart he posted a few weeks ago, which indicated strong support at $9,000, is still valid. His chart indicates that BTC must hold $8,400 or may fall further.

This move satisfies bearish divergences that printed earlier. As reported by Ethereum World News, CryptoHamster, a popular trader, remarked in a tweet last night that BTC has seen bearish divergences form on the one-hour time frame with the Stochastic, Stochastic Relative Strength Index, and Moving Average Convergence Divergence all trend higher while BTC has fallen, signaling weakness.

Where Will Bitcoin’s Pain Stop?

So, where will the pain stop for Bitcoin in this move?

According to a Bloomberg columnist, $8,000 is where the selling pressure should end.

Su Zhu, the chief executive of Three Arrows Capital, recently released an excerpt of a report from Bloomberg’s “monthly crypto market columnist.” And according to them, Bitcoin is looking a bit more bullish than bearish but remains stuck in a tight range.

The excerpt reads that “the worst of this year’s Bitcoin price correction… in our view.” The analyst elaborated that they expect for Bitcoin to remain bound to the $8,000 to $12,000 range until year-end; Bloomberg wrote that increasing institutional investment and a “favorable macroeconomic environment” should produce upside potential, but that “hangover selling from 2017’s price surge” should limit the upside, and potentially create some room for downside to the $8,000 region.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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How Swell for XRP: Ripple Reveals it Has Above 300 Customers

How Swell for XRP: Ripple Reveals it Has Above 300 Customers

How swell for XRP. According to a recent report from Forbes, Ripple Labs has just crossed a key milestone, accentuating that the firm’s fintech projects continue to gain traction, despite the downturn in the cryptocurrency and blockchain market.

Ripple Continues to Gain Traction

Announced in an official blog post published on Wednesday prior to its Swell conference in Singapore, Ripple has claimed to have surpassed 300 customers, which consists of a “global network of banks, financial institutions and payment providers that sends money globally, instantly and reliably for fractions of a penny.” Indeed, the post elaborated that Ripple has customers “in more than 45 countries and 6 continents using RippleNet, with payout capabilities in 70+ countries.”

Ripple’s On-Demand Liquidity product, which is also known as xRapid, has also seen growing level adoptions. This comes in spite of the fact that ODL was just announced at 2018’s iteration of Swell.

“In less than a year since the commercialization of ODL, we have seen tremendous growth and customer interest with two dozen customers signed on to use the product.

Some of the notable customers committed to using ODL include MoneyGram, goLance, Viamericas, FlashFX and Interbank Peru. There have been more than 7x the number of transactions using ODL from the end of Q1 to the end of October,” Ripple wrote, confirming that its products are truly gaining steam.

For some context, ODL is a product that leverages XRP as a bridge currency to “eliminate the need for pre-funding in cross border payments.” Ripple’s chief executive Brad Garlinghouse has previously stated that MoneyGram’s use of ODL is a clear sign that the cryptocurrency is beneficial. MoneyGram, according to Garlinghouse, is currently “experiencing real-time [transaction] settlement (around 60 seconds) in U.S. dollars to Mexican pesos” through the solution.

XRP Readies to Push Higher

This positive development for Ripple comes as XRP has purportedly begun to build price strength.

Per previous reports from Ethereum World News, Peter Brandt, a long-time commodities trader with years in the business, recently remarked that the cryptocurrency’s latest move to the upside has only corroborated one of his bullish analyses of the XRP chart. Referring to the chart below, he remarked that this “chart interpretation remains valid — it is taking another run at a breakout.”

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

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