Blockchain-Powered IPO Platform to List First Company in June

SprinkleXchange, a blockchain-powered initial public offering platform, is preparing to list its first company in June, Bloomberg reported on May 17. According to Alexander Wallin, the bourse’s CEO, it is hoped that up to 1,000 companies will join over the next three to four years. The Ethereum blockchain is used for settlement and clearing, and its users will be able to trade listed companies and cryptocurrencies 24 hours a day. Switzerland’s SIX stock exchange is also planning to launch a blockchain-powered digital exchange, which will be powered by blockchain consortium…

Platform Allows Users to Send and Receive Cryptocurrency With Gadget of Their Choice

The team behind a private digital currency for secure payments says its goal is to make every consumer their own bank — enabling them to send and receive crypto with the gadget of their choice. Xeonbit says its peer-to-peer technology ensures that every user’s accounts and transactions are “out of reach to any prying eyes.” A feature known as “ring signatures” means public keys are shuffled in order to ensure that particular users cannot be identified once a transaction has taken place. The startup says this is not at the…

Crypto Platform Says It Has Launched Two Products to Challenge Banks and Empower Customers

A “next-generation” mobile payment platform has unveiled two products that are designed to help users smartly manage money matters and enjoy “greater financial empowerment.” Crypto.com’s first new offering, Crypto Earn, gives the public “the freedom to grow their assets.” Available through the platform’s flagship app, the service allows users to deposit virtual currencies and accrue incentives, the company said. Consumers can choose to hold their assets for either one month or three months, and the company said a flexible plan will follow in the future. The Hong Kong-headquartered company, which…

Blockchain Platform Converts Users Fame Into Coffee and Clothes

Mithril, a decentralized platform that rewards content creators on social networks, told Cointelegraph that they are working on expanding the acceptance of its MITH token merchant network into different categories, such as coffee shops, restaurants, sports clothing and adult entertainment platforms. For instance, the team has announced a partnership with AccuPass, a Taiwanese ticket aggregator. According to Mithril, users are now able to purchase concert tickets with its tokens. In March 2019, SWAG, an adult entertainment network that connects amateur porn models and their fans, with more than 1.5 million…

Crypto Platform Will Allow Workers to Receive Salary They Are Owed on Demand

A crypto-focused payment platform says it is aiming to reduce financial pressures on everyday consumers by enabling them to receive their salaries early — whenever they demand it. JobCoin says a startling number of hard-working individuals are falling victim to loan sharks and high-interest loans, or racking up unsustainable credit card bills as they try to grapple with sudden expenses. The startup’s concept means workers can request to be compensated for the hours they have already completed, even if their normal payday is a few days or weeks in the…

Louis Vuitton and Christian Dior Owner Unveils Blockchain Platform to Verify Luxury Goods

ConsenSys has teamed up with LVMH and Microsoft to build a blockchain-powered platform that allows consumers to verify the authenticity of luxury goods, according to a news release on May 16. The consortium says the system, known as Aura, is designed to “serve the entire luxury industry with powerful product tracking and tracing services.” LVMH brands including Louis Vuitton and Christian Dior are already involved in the project — and discussions are underway to extend Aura to other high-end names within the group. The news release added: “AURA makes it possible for consumers…

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on May 15. Per the announcement, the new Liquid Securities platform is a solution for businesses to issue security tokens on the Liquid Network. Blockstream Chief Security Officer Samson Mow claims that while businesses are willing to issue tokenized securities, platforms such as Ethereum are not the right choice because of their scalability, privacy and reliability limitations. Blockstream claims that its platform is more suitable for such use: “Now, with the…

Three French Banks Join R3 Corda Blockchain-Based Loans Platform

British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous pilots back in 2017. Based on blockchain consortium R3’s open source blockchain platform Corda Enterprise, Finastra’s Fusion LenderComm reportedly enables banks to instantly share credit agreements, accrual balances and position data to lenders. Cécile Bartenieff, Chief Operating Officer of Global Banking and Investor Solutions at…

Fintech Company Launches Crypto Exchange Platform Integrated Into Social Investing Network

Hamburg-based fintech company Naga has released its new exchange platform, Nagax, after an intensive beta testing period. The developer promises a user-friendly interface and “super-fast execution,” as the system supports more than 10 million transactions per second. The new platform is integrated into the social investing network — also known as Naga Trader. According to the company, it is used by more than half a million traders around the world. Nagax will be connected to the Naga platform through its own cryptocurrency wallet, the Naga Wallet: It supports major crypto,…

Microsoft Is Building an ID Verification Platform on Bitcoin

Microsoft is leveraging blockchain technology to create a trustless digital identity scheme, but its not launching a token or building a private blockchain to do so. Its building on Bitcoin instead. Announced on May 13, 2019, Project ION is an open-source, Layer 2 network built out of the public key infrastructure protocol Sidetree. In practice, “it is akin to Lightning, in that there is no secondary consensus among ION nodes,” a source close to the network’s development told Bitcoin Magazine. “This is just like Bitcoin, but for IDs,” the source…