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Shell, BP, and big banks launch energy trading platform on the blockchain

Nov29
by on November 29, 2018 at 2:22 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The centuries-old, paper-based trading process of the oil and gas industry is getting overhauled, courtesy of the blockchain and an industry consortium including Shell, BP, ABN Amro, ING, and Societe Generale. The world leading energy producers and banks joined forces earlier this month, and today launched a new blockchain-based trading platform for physical oil trades, reports the Financial Times. Based on JP Morgan’s Quorum blockchain, the platform is in fact the first functional blockchain trading platform for the oil and gas industry. The consortium and platform, both formally known as VAKT, includes a range of energy firms and banks included…

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ASUS wants gamers to mine cryptocurrency when they don’t play games

Nov29
by on November 29, 2018 at 2:11 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


ASUS is the latest technology giant to hop on the cryptocurrency mining bandwagon. The Taiwanese manufacturer is now encouraging gamers to mine cryptocurrency when they’re not playing games. Putting to use their idle graphic cards, ASUS gamers will be able to mine cryptocurrency and cash out their earnings through PayPal or WeChat. The company has partnered with blockchain technology provider Quantumcloud, which has developed the mining software. Details about which cryptocurrencies will be available to mine are suspiciously missing from the announcement. According to ASUS though, the whole operation is GDPR-compliant, which means Quantumcloud doesn’t store any sensitive customer information.…

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Oppo plans to showcase its foldable smartphone next February

Nov29
by on November 29, 2018 at 12:35 pm
Posted In: Around the Web, Mobile


Oppo has revealed it would be showing off its foldable smartphone at Mobile World Congress in 2019, Tweakers reports. In June, Gizmochina reported that Oppo patented a number of foldable smartphone designs including one that folded out to thrice the size of its original display screen. Oppo is not alone in the game though. In April, we reported that Samsung’s foldable ‘Galaxy F’ smartphone, with its self-claimed Infinity Flex display, is expected to launch next March at around $1,770. Similarly, Huawei CEO, Richard Yu, confirmed last month the company is working on its own foldable phone slated to launch in 2019.…

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a couple of laughzillas on a blue diamond background

Oppo plans to showcase its foldable smartphone next February

Nov29
by on November 29, 2018 at 12:35 pm
Posted In: Around the Web, Mobile


Oppo has revealed it would be showing off its foldable smartphone at Mobile World Congress in 2019, Tweakers reports. In June, Gizmochina reported that Oppo patented a number of foldable smartphone designs including one that folded out to thrice the size of its original display screen. Oppo is not alone in the game though. In April, we reported that Samsung’s foldable ‘Galaxy F’ smartphone, with its self-claimed Infinity Flex display, is expected to launch next March at around $1,770. Similarly, Huawei CEO, Richard Yu, confirmed last month the company is working on its own foldable phone slated to launch in 2019.…

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Blockchain CEO faces 120 years in prison for $4M cryptocurrency scam

Nov29
by on November 29, 2018 at 11:43 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The CEO of blockchain startup AriseBank, Jared Rice, is facing up to 120 years in prison for duping numerous investors out of $4 million in a cryptocurrency scheme. Rice promised his cryptocurrency would offer Visa-like functionality, but instead he spent investors’ Bitcoin on hotels and clothes. Rice allegedly misled would-be investors that AriseBank – which aimed to be the “first decentralized banking platform” – could offer FDIC-insured accounts and banking services, including Visa-brand credit cards and other cryptocurrency services, according to Northern District of Texas US Attorney, Erin Nealy Cox. In reality though, Texas-based AriseBank had not been been authorized…

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