business

IBM-R3 Pact Shows Tech Trumps Tribe in Enterprise Blockchain

News this week that R3 and IBM are working together raised eyebrows, because each entity has been on different and competing sides since the early days of enterprise blockchain. From next month, the commercial version of Corda (the version big banks and the like are paying R3 for) will be made available via IBM’s LinuxOne …

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Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody

Multinational payments firm Sia is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets. “When you have one bitcoin, it’s not a big problem, but when you start adding 10, 20 or 100, you have a treasury and you have to decide where to store this,” said Daniele Savarè, …

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O(1) Labs Raises $10.9M More for Lightweight Mina Protocol

O(1) Labs’ lightweight blockchain project Mina, formerly known as Coda Protocol, has raised $10.9 million in a funding round co-led by Hong Kong-based Bixin Ventures and Singapore-based Three Arrows Capital. Mina was set for mainnet launch in Q4 but O(1) Labs CEO Evan Shapiro told CoinDesk it has been delayed to early next year because …

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BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls

BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February. Stronger identity verification requirements is an industry trend, said Ben Radclyffe, commercial director of the …

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R3 Corda Network Set to Go DeFi With XDC Digital Currency

A group of former bankers building on R3’s public Corda Network are touting the first digital currency for that ecosystem, dubbed XDC.  Announced Tuesday, the Cordite Society, a co-operative registered in the U.K., released the XDC crypto token on public Corda, the open-source version of R3’s network. The new regulation-friendly cryptocoin will open the door, …

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Filecoin creator denies strike allegations

Juan Benet, the creator of Blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since Saturday “nonsense.” According to a report by 8btc.com, five of the largest Filecoin miners turned off their machines to protest the project’s “unfair” economic model, which currently requires a significant amount of FIL tokens …

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Former patrons can’t drown sorrows as first-ever bar to accept Bitcoin closes

A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed. According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin (BTC) is no longer accepting customers and has shuttered its …

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Now on-demand: Ars’ online IT roundtable on navigating 2020 schadenfreude

Enlarge Working in IT often means finding creative ways to make the best of a situation you’ve been handed. Whether it’s fixing problems you didn’t cause or adapting to changes that leadership failed to account for, it’s all about figuring out how to keep repairing the proverbial airplane while it’s flying—and 2020 hasn’t really made …

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