Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies

United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an exchange-traded fund (ETF) that tracks tech companies, including those involved with blockchain and cloud computing, MarketWatch reported on Feb. 6.ETFs are marketable securities that track a basket of assets proportionately represented in the fund’s shares. ETFs are offered on…

Cargill Invests Digital Engineering to Develop Hyperledger Grid

United States-based agricultural conglomerate Cargill has announced that it is investing digital engineering resources to develop Hyperledger Grid, according to an announcement on Jan. 25.Hyperledger Grid is a recently announced project from Hyperledger that aims to streamline supply chains by using blockchain technology. Cargill — the U.S.’s largest privately held company with $114.7 billion in…

Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities

Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15.The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it…

New York Assemblyman Announces Creation of ‘First’ US Cryptocurrency Task Force

An assemblyman of the New York state (NYS) legislature announced in a Facebook post on Jan. 3 that the state will have the nation’s “first” cryptocurrency task force.In the post, Clyde Vanel, an NYS assemblyman and Chair of Subcommittee on Internet and New Technologies, stated that New York became the first state in the United…

National Bank of Kuwait Launches Ripple-Based Cross-Border Payments Product

The National Bank of Kuwait (NBK) has launched a cross-border remittance product based on RippleNet’s blockchain technology, according to an announcement published Dec. 27.Established in 1952, the NBK is the largest financial institution in terms of assets in Kuwait. Per the bank’s 2017 annual report, the NBK has over $86.3 billion in total assets.The NBK…

UN Partnership to Roll Out Blockchain-Based Telemedicine, Telepsychology in East Africa

The United Nations Office on Drugs and Crime (UNODC) will reportedly partner with blockchain-based telemedicine and telepsychology firm doc.com to expand free basic healthcare services across Eastern Africa. News of the partnership was shared with Cointelegraph in an email on Dec. 26.In an officially sealed letter signed on Dec. 20 by Amado Philip de Andres,…

Tunisia Internet Agency Signs Strategic Partnership With Blockchain Platform

The Tunisia Internet Agency (ATI) is going provide hosting services for the Russian blockchain platform Universa, according to a press release shared with Cointelegraph on Dec. 19.Founded in 1996, the ATI is a governmental body run by the Ministry of Communications with the objective to promote Internet usage in the country.Per the release, the ATI…

Blockchain Payments’ Mass Adoption Is 3-5 Years Away, Says BitPay CEO

The CEO of crypto merchant platform BitPay Stephen Pair stated that speculation on future adoption drives Bitcoin’s (BTC) price more than “actual utility,” in an interview on CNBC Dec. 13.Speaking on the reasons behind Bitcoin’s current value, compared to its historic price highs, Pair told reporters:“A very big component of the [Bitcoin’s] price is certainly…

Bitcoin Beats Google Trends in 2018 as Internet Users Seek to Know ‘What It Is’

Google data shows ‘What is Bitcoin?’ was the most popular search question in the United States and United Kingdom for 2018, showing Bitcoin (BTC) has topped public consciousness online this year.Capping various achievements in search rankings over the past twelve months, Bitcoin’s latest price volatility saw interest in understanding it peak again following a period…