Newparts, an online automotive parts store, announced that it has included about seven cryptocurrencies as a payment option. The firm stated that now it will accept Bitcoin Cash (BCH) and Bitcoin Core (BTC) too. The U.S. dealer incorporates a list of over one million parts. Newparts announced that cryptocurrency will allow it for expanding its global reach. Dano Ramovich, CEO, Newparts, stated that the novel payment method is established in collaboration with Shopping Cart Elite, a well-known e-commerce platform. Ramovich added that the latest move will assist the firm in improving access to the firm’s auto parts to as many…

A Bahrain-based cryptocurrency exchange, Rain, supported by Bitcoin developer Jimmy Song, is seeking a full operating license in 2019 to expand its activities in GCC. If successful, the company would be the only regulated digital currency exchange in the province. This monitoring can reassure unconvinced investors of cryptocurrency transactions, which have so far suffered from the lack of global regulation, the massive sale of high profile digital currencies, and volatile markets. “The most vital setback in this industry is trust.” Co-Founders of Rain, Yehia Badawy, AJ Nelson, Joseph Dallago, and Abdullah Almoaiqel said in a statement. “We want our customers…

Crypto Fund AG, a Swiss-based virtual cash fund said the FINMA (Financial Markets Supervisory Authority) has granted it an asset management license. The license allows the company to manage investments related to cryptocurrency in Switzerland and endeavor others as well. Crypto Fund is also authorized to provide investment advice to companies. “The authorization corresponds to our professional work in the last 12 Months and stands for a critical milestone for us,” said a chief operating officer of the Crypto Fund, Mathias Maurer, in a statement. “This license puts the company on an equal footing with other regulated and recognized Swiss…

The US technology giant IBM has officially introduced blockchain network for food tracking named as Food Trust, after a long testing phase of 18 Months, the company said in a press release on. In the same announcement, the company revealed that another major food retailer, Carrefour, has joined its ecosystem. The French company with more than 12,000 stores in 33 countries tested the blockchain in its own stores. As reported by the IBM press release, Carrefour plans to expand the blockchain technology in 2022 to all its brands around the world. IBM’s Food Trust was first announced in 2016 as…

The UK Office of Communications (Ofcom) receives a £ 700,000 grant from the Business, Energy and Industrial Strategy (BEIS) Strategy to explore the possibilities of blockchain technology, according to a statement released. This subsidy would help the UK telecoms regulator investigate how the blockchain can improve management of landline numbers. BEIS, founded in 2016, is a government department supported by 46 government agencies and public bodies and is liable for trade policy, industrial strategy, innovation, science, and energy policy, and fight against climate change. According to the announcement, Ofcom intends to engage industry players in testing the management and movement…

A recent study by the blockchain company Clovr found that investing in cryptocurrency is the most popular among millennials that earn between $ 75,000 and $99,999 per year. The survey got responses from more than 1,000 Americans that fall in the age band between 18 to 80 Years. According to the survey, men are almost two times probable as any other generation to put money in digital currency, this includes 23% of women and 43% of men investing in cryptocurrency. Around 47% of people with yearly wages of less than $75,000 invested in digital assets, while lower than a quarter…

NSE (National Stock Exchange of India Limited) has declared that it will examine E-voting for listed firms on Elemential Labs platform employing the blockchain tech. The aim is to offer a short risk effort solution for E-voting. As per a media release, the pilot (intended at offered a low risk and highly transparent solution for E- Voting) will improve the transparency in the voting procedure. The traditional blockchain will be developed on Hyperledger structure employing Elemential platform. NSE is the associate that is also in command of managing and building the front-end app. The pilot project will include setting up…

According to a press release on September 25, German automaker Porsche AG will spur its investment in startups with a focal point on artificial intelligence and blockchain by about $176 Million in the coming 5 Years. The increase in Porsche’s total investment in venture capital operations over the upcoming five years is owing to the requirement to access new business models trends, new technologies and trends, according to the press releases. The investments focus on start-up and emerging companies in terms of mobility, digital lifestyle, and customer experience, as well as future technologies, including AI, blockchain, augmented and virtual and…

Walmart, the US retail goliath, and one of its division Sam’s Club, which is a membership-only club, are searching for suppliers for leafy green to implement a farm-to-store tracking system that depends on the blockchain technology, as reported by Reuters. The peer-to-peer tracking system depends on the DLT (distributed ledger technology) created by IBM, the computing giant. As per the report, the retail giant will need the suppliers to incorporate the blockchain technology into its system by September 2019. Frank Yiannas, Vice President of Walmart’s Food Safety department, said that the company will need the same traceability framework for several…