Monday, May 20, 2024
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Blockchain Bites: Bitcoin in Space; Prime Brokerage Race; Nodes You Can’t Trace

The OCC is willing to work with banks interested in custodying crypto, a Russian bank approved a token-backed loan and bitcoin has been sent… from space! You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and

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Ukraine’s Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software

Ukraine’s Ministry of Digital Transformation signed a deal last week with BitFury’s crypto-tracing spin-off Crystal Blockchain B.V. to kick-start the government’s virtual asset monitoring initiative, a company executive told CryptoX. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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J.M. Smucker Uses IBM Blockchain to Trace Coffee Beans for 1850 Brand

The J.M. Smucker Company, also known as Smucker’s, has announced that it will use blockchain technology to trace Colombian coffee beans directly back to their source while allowing consumers the opportunity to support coffee farmers.The American food manufacturer has formed a partnership with Farmer Connect — an organization committed to

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Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries

On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor.Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era where more consumers are becoming concerned with

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Malaysian Blockchain App Allows Users to Trace Sustainable Palm Oil

The Malaysian Palm Oil Council (MPOC) and blockchain startup BloomBloc have developed a blockchain app that enables users to trace palm oil throughout the entire supply chain.Following a successful test, the blockchain-based system is available in a pilot roll out to local oil palm growers, palm oil processors, plantations

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Blockchain-Powered App Helps Mongolian Herders Trace Cashmere

Toronto-based startup Convergence.tech has successfully concluded a blockchain-based pilot to help Mongolian nomadic herders track and certify sustainable cashmere.The supply chain project, which was conducted with the United Nations Development Program (UNDP), is powered by Convergence.tech’s Ethereum-based traceability platform, Backbone.Convergence.tech chose to focus on cashmere herders for its pilot,

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