Top 50 Canadian Co-op Streamlines Supply Chain with Blockchain Tech

Federated Co-operatives Limited, or FCL, one of Canada’s 50-largest companies, has partnered with blockchain-based supply chain middleware platform, Morpheus.Network. FCL plans to integrate distributed ledger technology, or DLT, based tracking. This will be deployed across its diverse supply chain, encompassing 1,400 businesses across Western Canada and employs over 23,000 workers. Major Canadian co-operative embraces blockchain The firms have inked a three-year deal that will see Morpheus.Network provide optical character recognition, machine learning, and blockchain technologies to streamline FCL’s complex supply chain.  FCL is a wholesaling, manufacturing, marketing, and administrative co-operative…

No, Kim Jong Un’s “Vegetative State” Won’t Cause a Bitcoin Crash

It’s only April but 2020 has already been a crazy year: Bitcoin crashed 50% in a 36-hour time frame, the outbreak of COVID-19 has started, the price of oil went negative as recession fears have mounted, and, according to reports, North Korea’s leader is in a condition of poor health, which has sparked a response from the Chinese government. The exact state of the North Korean leader isn’t clear, but most reports citing sources within intelligence agencies have confirmed Kim is in critical condition, corroborated by the fact he hasn’t…

Mark Cuban Owns Bitcoin But Prefers Bananas

In a recent appearance on Anthony Pompliano’s The Pomp Podcast, billionaire investor and owner of the NBA’s Dallas Mavericks, Mark Cuban, discussed his qualms with Bitcoin (BTC). Despite arguing that Bitcoin is hampered by a lack of understanding among the general public and poor fungibility for goods without fiat conversion, Cuban offers that Bitcoin may find success if economic crises accelerate and “everything goes into the shitter.” Mark Cuban is bearish on BTC until your grandma can use it When asked what it would take to change his position of…

Bitcoin Price Pushes to Clear $7,750 as Key Weekly Close Approaches

Today Bitcoin (BTC) price briefly popped above $7,700, suggesting the reminder of the weekend, along with the weekly close will provide higher than normal levels of excitement. The move to $7,708 was short lived but nearly set a higher high above Thursday’s impressive surge to $7,742. At the time of writing, Bitcoin price is trading sideways between $7,500-$7,569 as traders attempt to press the price above $7,600.  Altcoins also rallied higher as Bitcoin price squeezed up to $7,700 earlier today but at the moment top movers like Ether (ETH), Chainlink…

Obsolete Mining Hardware Could be Used for Zero Knowledge Proofs

Vitalik Buterin, co-founder of the distributed Blockchain-computing platform, Ethereum, has had a lot to say in recent weeks. On April 25, Buterin appeared on The Shitcoin Dot Com Show to discuss the upcoming launch of Ethereum 2.0. During the interview, Vitalik was asked what people should do with their Ethereum miners once the network switches from its current consensus algorithm to a model where this specialized hardware is no longer required. Currently, Ethereum employs a custom version of Proof-of-Work, called Ethash. This system requires vast amounts of computing resources to…

Dole to Integrate IBM’s Food Trust Blockchain Into All Divisions by 2025

Dole Food Company, the world’s largest producer of fruit and vegetables, has revealed a five-year plan to expand its adoption of distributed ledger technology, or DLT, for supply chain tracking. Dole’s blockchain expansion was announced in its 2020 Corporate Responsibility and Sustainability Report. Dole first began to explore DLT after joining IBM’s Food Trust as a founding member in 2017. Dole to launch DLT tracing in all divisions by 2025 The report announces that Dole will comprehensively overhaul its food tracing systems, including the goal of integrating blockchain-based product-tagging and…

Cryptocurrency News From Japan: April 19-25 in Review

This week’s headlines from Japan included Mitsui & Co. Digital Asset Management kicking off its security token project, Coincheck’s fiat exchange listing seven altcoins, FXCoin unveiling physical crypto trading and XRP remittance testing plans, and GMO Coin listing three more altcoins.   Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Security token company tests security tokens in real estate Looking to create blockchain-based security tokens, Mitsui & Co. Digital Asset Management, daughter of Japanese product and material trading giant, Mitsui & Co., recently kicked off an…

What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in

Crypto trader and YouTuber, Tone Vays, explained that Amazon’s $140 billion CEO couldn’t buy every Bitcoin (BTC) in circulation.  What would happen if Bezos tried? “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays told Cointelegraph in a message on April 23.  Why couldn’t Bezos buy all the BTC on the market? On the day of Vays’ comments, all the speculative capital held within Bitcoin gave the asset a total market cap near $137 billion, with each coin priced at…

Twitter CEO Jack Dorsey Calls Bitcoin Whitepaper ‘Poetry’

In a podcast interview with tech researcher, Lex Fridman, Twitter CEO and co-founder, Jack Dorsey, referred to Bitcoin’s white paper as “Poetry.” “I think the Bitcoin whitepaper is one of the most seminal works of computer science in the last 20 or 30 years,” Dorsey said in Fridman’s April 24 podcast episode. “It’s poetry,” he added. Dorsey has talked about Bitcoin before Ranked 11th on Cointelegraph’s top 100 most influential people in crypto and blockchain, Dorsey, who is also CEO for payments company, Square, has often spoken positively of Bitcoin. …

Kevin Hart’s Role in ICO Scam May Go Unpunished

Investors who participated in the FLiK initial coin offering, or ICO, in 2017 have opposed entertainer Kevin Hart’s bid to have the $7 million lawsuit dismissed. The 25 investors claim that they collectively lost more than $2 million as a result of Hart, rapper ‘T.I.’, and FLiK executive, Ryan Felton, touting unregistered securities for an ICO that ultimately failed to materialize. ICO investors fight for suit against Kevin Hart to proceed In their opposition, the plaintiffs argued that the FLiK ICO “depended on” endorsements from celebrities to “elevate the standing”…