Norfolk Southern the Latest Railway to Join Blockchain Transport Group

U.S. railway network Norfolk Southern has become the latest industry player to join the Blockchain in Transport Alliance. One of less than a dozen Class I railroads in North America, Norfolk Southern announced Thursday that it would participate in the consortium’s mission of establishing standards for logistics companies using blockchain technology, according to a press…

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EY’s Maritime Blockchain Insurance Tech Is Now Live

A group of companies piloting a blockchain-based insurance platform for the global shipping industry announced on Friday that the technology is now live in commercial use. Dubbed Insurwave, the blockchain platform was developed by professional services firm Ernst & Young and software company Guardtime based on Microsoft’s Azure cloud-based technology. As previously reported by CoinDesk, the…

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DOJ’s Bitcoin Price Manipulation Probe a ‘Good Thing’: Mike Novogratz

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month.Billionaire investor and former hedge fund manager Mike Novogratz said that he is optimistic that the US Department of Justice’s (DOJ) recently-launched probe into allegations of bitcoin price manipulation will contribute to the long-term health of the cryptocurrency market. Speaking in an interview…

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American Express Taps Hyperledger Blockchain for Rewards Program Revamp

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month.American Express has deployed Hyperledger’s blockchain technology to make its Membership Rewards program more versatile, marking the first application of blockchain technology to a major U.S. financial services loyalty program. Under the revamped program, merchants will be able to create Membership Rewards offers…

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Distributed Business Accelerator Launches to Cultivate Blockchain Startups

As part of New York Blockchain Week, Distributed Business Accelerator (DBA) publicly launched their global blockchain accelerator community designed to cultivate an ecosystem of blockchain startups. The CEO of the project is Tom Tao, formerly of IBM and Chainbase Accelerator. In opening remarks, Tao gave his outlook on the industry and extrapolated on where he…

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U.S. Justice Department Probes Price Manipulation on Bitcoin Markets

The U.S. Justice Department is looking into whether the price of bitcoin and other virtual currencies are being manipulated, according to a report in Bloomberg that referenced four unnamed sources for the information. Still in its early phases, the criminal probe will bring in other agencies, like the Commodity Futures Trading Commission (CFTC), a regulator…

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