IBM Partnership With Sovrin Foundation Aims To Spread ‘Self-Sovereign Identity’

IBM confirmed it has partnered with identity startup the Sovrin Foundation (SF) to expand the use of so-called ‘self-sovereign identity’ online using Blockchain technology, according to a press release published April 4. Serving as a “founding steward” of Sovrin’s network, IBM Blockchain will contribute network and computing power, along with security resources, which the computer …

Confirmed: Monex Group To Acquire Coincheck

Japanese financial services provider Monex Group announced that it will acquire 100 percent of shares of Coincheck Inc., according to a Monex press release April 6. The execution of share acquisition is planned for April 16 at a price of 3.6 bln yen ($33.5 mln). The acquisition price is calculated from the net asset estimate …

Arizona Blockchain Bill Signed Into State Law

A bill allowing corporations to hold and share data on a distributed ledger was officially signed into Arizona state law by Governor Doug Ducey, according to a legislation tracker April 3.   The Arizona House of Representatives passed HB 2603 with 56 in favor, 3 against, and 1 abstention. The Arizona Senate proceeded to pass the …

Cryptocurrency Verge Responds To Hacking Claims By Launching ‘Accidental Hard Fork’

Anonymity-focused cryptocurrency Verge (XVG) lost 25% of its value April 4 as news surfaced of an apparent hack which developers ‘resolved’ by accidentally initiating a hard fork. According to various press and social media sources, including Verge developer known as Sunok, a bug allowed manipulation of block mining timestamps. This created the potential for illegitimate …

County Authorities In Rural Washington Catch Unauthorized Cryptocurrency Miners

Chelan Public Utility District (PUD) commissioners ordered staff to enforce the moratorium on cryptocurrency mining following the discovery of unauthorized mining activities, Chelan PUD reported Monday, April 2. The enforcement measures, which include fines and penalties, disconnecting service, “reporting unauthorized loads to law enforcement as power theft”, and “firing officials to protect public safety”, follow …

Iranian Cyberspace Authority Says Telegram’s Upcoming Crypto Threatens National Currency

The secretary of Iran’s High Council of Cyberspace (HCC) has publicly supported the potential ban of Telegram within the country, citing the chat app’s recent Initial Coin Offering (ICO) as potentially “undermin[ing] the national currency of Iran,” local news outlet Al-Monitor reported yesterday, April 3. According to Al-Monitor, the discussion about banning Telegram originally stemmed …