Ripple has been among the most pragmatic and unconventional blockchain startups in the market. The company has been under fire lately as XRP continues to provoke heated debate about whether it is a security or not, but this hasn’t kept the company from making major moves. It recently announced that India’s second-largest private bank had begun using xCurrent for remittances. And in an effort to reach out to its community regarding its latest technological developments, products, and culture, Ripple has launched a web series called The Ripple Drop. The series will feature some of the most important figures in the company and will run every first and third Monday of the month.
LONDON, NY, July 5, 2018 – Supporting significant freelance growth in the digital freelance space in emerging markets, Hirefreehands is expanding its network and outreach with blockchain technology to support growth, quality and cost-effectiveness. With more than 10,000 active users from 10 countries, Hirefreehands aims to bring and maintain quality within the digital freelancing space while achieving scale that will enable every individual and organization across the globe to participate in the wealth of expanding freelance opportunities.
The U.S. Secret Service is taking a good look at privacy-focused cryptocurrencies like Monero and Zcash while urging Congress to “consider additional legislative or regulatory actions.”
Fear of Privacy Coins
Last week, a top official from the federal law enforcement agency reportedly requested help from Congress in combating the use of privacy coins for illicit purposes. Robert Novy, Deputy Assistant Director of the Secret Service’s Office of Investigations, wrote:
We should … consider additional legislative or regulatory actions to address potential challenges related to anonymity-enhanced cryptocurrencies.
He added, as reported by Forbes:
A coconut farmer in Papua New Guinea has used a drone powered by blockchain and artificial intelligence, and charged by renewable energy, to count his yield in a unique trial conducted in the Pacific island nation. The UK-based started Flyingcarpet went to Papue New Guinea’ capital city then travelled four hours to get to the small village of Kokopo to conduct this trial last year. Farming employs more people in developing nations than any other industry, yet innovation within the sector is lacking. Julien Bouteloup, an entrepreneur and blockchain technology developer with university degrees in electrical engineering and AI machine learning, came up with the idea for Flyingcarpet whilst travelling last year to more than 20 countries.
While the price of bitcoin continues to loom around the $ 7,000 range, Bitcoin payments seem to be holding strong in various parts of the world. In particular, emerging markets in Asia looking to facilitate low-cost payment solutions for cross-border commerce are benefiting from cryptocurrency transactions.
This has become apparent as BitPay, the largest global blockchain payment provider, just closed its $ 40 million extended Series B funding round. Notable new investors include Menlo Ventures, along with a number of investors based in Asia like Capital Nine, an Asian fintech corporation. Other participants from the region include Christopher Klaus, the founder of Internet Security Systems (ISS), and Alvin Liu, co-founder of Tencent.
On March 19, 2018, in an op-ed published by the French news website, Numerama, France’s Minister of Finance and Economics, Bruno Le Maire wrote what appears, at least at first glance, to be an uncharacteristically optimistic exposition on the profound and pioneering nature of cryptocurrency and blockchain technology:
“A revolution is underway, of which bitcoin was only the precursor. The blockchain will offer new opportunities to our startups, for example with the Initial Coin Offerings (ICO) that will allow them to raise funds through ‘tokens,’ crypto-actives or not. It promises to create a network of trust without intermediaries, to offer increased traceability of transactions and, overall, to make the economy more efficient.”
In case you hadn’t noticed, identity management is broken.
We have been looking for ways to prove that we are who we say we are quickly and safely for years, and it isn’t working. It’s one problem that the Cupertino, California-based blockchain technology startup ShoCard is hoping to solve.