British MP Calls for UK Blockchain Chief in New Report 576

A U.K. MP has called on the government to appoint a Chief Blockchain Officer in a new report that backs the technology to be used in government.

‘Unlocking Blockchain’, which was distributed to all MPs, also argues for a blockchain competition to establish London as a blockchain hub.

Blockchain: “Immense Opportunity” for the UK

Tory MP Eddie Hughes has continued to put pressure on the U.K. government to explore the blockchain technology. He has recommended in a new report published by Freer that there should be a blockchain expert in the government to push the technology as well as including it into a ministerial brief.

The report said: “Embracing the opportunities of distributive ledger technology (DLT) should be fit explicitly —nominally as well as substantively — into a ministerial brief. And a public-facing ‘Chief Blockchain Officer’ should be appointed from within the government’s existing task force to coordinate the U.K.’s strategy regarding the application of DLT to public services and data.”

The report added that the role should expand to cover new technologies, such as artificial intelligence when they start to overlap. Many crypto companies are already using artificial intelligence (AI), or machine learning, to enhance their models. The report also recommends that the government should advertise Britain as a blockchain hub through a “blockchain competition.”

The report went on to state that: “An extensive international “blockchain competition” should be set up in the U.K. to drive homegrown entrepreneurship and to entice leading global players to develop technology here. This should ideally be established in collaboration with leading British universities, and funded by businesses that would benefit from improved national technological standards. Blockchain and associated technologies clearly offer an immense opportunity for the U.K.”

It also called on the government to tackle the “trust deficit.” It recommended the introduction of departmental targets for blockchain efficiency savings. It suggested that these savings could generate a “digital dividend” to pass on to taxpayers or to reinvest. It recommended a 1% saving which would save £8 billion based on current expenditure.

MP Raises Blockchain at PMQs

On June 6, Hughes raised the subject of blockchain technology in the House of Commons at Prime Minister’s Questions. In his question, he brought attention to the report that has since been published and Prime Minister Theresa May responded by suggesting that he should call it “distributed ledger technology” (DLT) not “blockchain”, but thanked him for raising the issue.

Hughes said: “Will the Prime Minister commit to harnessing this to ensure the U.K. remains at the forefront of this technology as we forge a greater, global Britain?”

In May, Hughes asked Chancellor Philip Hammond if the government will continue to invest in “this innovative technology.” After the Speaker John Bercow expressed his lack of knowledge on the matter, Hammond responded that the government is looking at innovative technologies including blockchain. He also stressed that the real focus was DLTs.

Previous ArticleNext Article

Bitcoin Association hires Patrick Prinz as Europe & Operations Manager to further advance Bitcoin SV 3682

Bitcoin Association, the Switzerland-based global industry organization that advances Bitcoin Satoshi Vision (BSV), has named Patrick Prinz, CFA as its new Europe & Operations Manager. Working out of the Association’s headquarters in “Crypto Valley” Zug, Switzerland, Prinz will serve two roles – advance the business growth of Bitcoin SV throughout Europe and support the operational needs of the organization globally.

Bitcoin Association supports Bitcoin SV because it is the only blockchain protocol adhering to Bitcoin creator Satoshi Nakamoto’s original design and vision for Bitcoin to become a peer-to-peer electronic cash system and global data ledger for enterprise. The Bitcoin SV ecosystem has rapidly grown to over 428 known Bitcoin SV projects and ventures worldwide. Developers and businesses are discovering the value of the Bitcoin blockchain when it massively scales — a public ledger capable of huge transaction volumes, micropayments, greater data capacity, smart contracts, tokenization, and many advanced applications.

A true believer in this Satoshi Vision for Bitcoin, Prinz has a strong background in financial services and strategy consulting. Most recently, he worked as a senior investment advisor for a global asset management group. Prinz advised on emerging technologies, and discovered the benefits of having a single, massively scalable, public, auditable ledger for storing any type of data and allowing value transfer at a micropayment level – only possible using the Bitcoin SV blockchain.

Previously, Prinz was a consultant at a leading strategy consulting firm – acting as advisor to international banks on how to incorporate complex regulatory requirements and adapt business models to industry paradigm shifts. He began his career in corporate and investment banking, working at Deutsche Bank and Citi. Prinz holds a Master of Science degree in Banking and Finance and a Bachelor of Science degree in International Business Administration.

Speaking on his appointment, Prinz said: “Bitcoin SV is finally fulfilling the potential that initially excited me about Bitcoin many years ago – to achieve efficiencies as the single public data ledger and micropayment system for the world. As I was puzzled by the fact that innovation and development were not happening on BTC, I did my own extensive research and realized that Satoshi Nakamoto’s original design and the Bitcoin white paper always had the answers to achieve a massively scalable global public blockchain. With scaling comes efficiency, and with efficiency come innovation and entrepreneurship – which is all happening on Bitcoin SV with the emergence of completely new business models powered by microtransactions and the immutable public ledger that Bitcoin is. I am thrilled to join Bitcoin Association to work with businesses and entrepreneurs to educate them on the transformative power which Bitcoin SV brings to the world.”

Jimmy Nguyen, Founding President of Bitcoin Association, commented: “With Patrick’s addition, we welcome to our team another high-caliber professional with international business experience. Patrick will play a vital role in operational management as we grow our headquarters in Zug, Switzerland. He will also be a strong business voice for Bitcoin SV across Europe – with his financial services knowledge, effective communication skills, and passionate belief in Bitcoin’s true power.”

Patrick’s hire is the latest step in the global expansion of Bitcoin Association. He joins two other regional business managers – Lise Li (China) and Ella Qiang (Southeast Asia, based in Singapore) – all with considerable experience in both Bitcoin and business. Additional team members come from the United States, United Kingdom, Australia, China, and New Zealand. The staff is further supported by Bitcoin Association Global Ambassadors in Argentina, Australia, Brazil, China, Germany, Israel, Japan, Netherlands, Panama, Russia and CIS region, the Scandinavia region, Slovenia, South Africa, South Korea, Spain, and the United States.

TradeStation Crypto Continues to Revolutionize the Crypto Space with the Launch of Several New Platform Features and Innovations 5457

TradeStation Crypto, Inc., a subsidiary of TradeStation Group, Inc., today introduced a series of new features to its crypto brokerage offering, including crypto deposits and withdrawals, new interest earning capabilities on eligible assets, ability to track profit and loss (P&L), and mobile trading through the TradeStation mobile app. The added features underscore TradeStation Crypto’s commitment to constant innovation and providing its customers sophisticated offerings and technology to support their needs and investment objectives.

With these new enhancements, crypto investors can not only buy and sell crypto, but can now deposit cryptocurrencies they already own. In addition, customers can earn interest on eligible assets simultaneously, without locking up their crypto. When combined with other traditional investment products – such as equities, options and futures – available to traders through another subsidiary TradeStation Securities, Inc., the TradeStation Group brand provides an all-in-one experience for investors and traders, a key differentiator in the crypto space.

“The current ultra-low interest rate environment has made it difficult for investors to earn interest on traditional products, which may incentivize certain investors to explore adding crypto to their portfolio,” said James Putra, Senior Director of Product Strategy at TradeStation Crypto. “Now, and for the first time, TradeStation Crypto customers can earn interest on their eligible crypto balances whether they’re actively trading or sitting on the sidelines during times of market volatility. Cryptocurrency interest could be a real game-changer,” said Putra.

The series of enhancements also includes P&L functionality. “We have one of the first crypto trading platforms with a feature that allows traders to instantly see their unrealized P&L to gain a better understanding of the status of their TradeStation Crypto account,” said Putra.

Additionally, TradeStation Crypto introduced mobile app trading capabilities to complement the features and benefits of the TradeStation Crypto platform. Investors and traders will enjoy augmented flexibility by taking the power of the TradeStation Crypto platform wherever they go.

“We’re thrilled to be able to add these new capabilities and offer our customers a one-stop-shop for all products under the TradeStation Group umbrella,” said Putra. “This is just the beginning of new innovations on the horizon to improve the customer experience. More features are being developed as we speak, and will be introduced to our traders in the coming months, as we strive to make trading crypto as accessible and intuitive as possible.”

Cellebrite Adds Cryptocurrency & Blockchain Investigations Solution to Industry Leading Digital Intelligence Platform 5307

Cellebrite, the global leader in Digital Intelligence (DI) solutions for public and private sectors, today announced the launch of Cellebrite Crypto Tracer, a new comprehensive cryptocurrency investigation solution designed to accelerate investigations involving blockchain technology and cryptocurrency. The solution, powered by CipherTrace, features powerful and easy-to-use tools, investigation services, and training programs designed for investigators, analysts and non-technical agents. The solution empowers teams to lawfully obtain evidence and trace criminals who use bitcoin and other cryptocurrencies for illicit activities, including money laundering, terrorism, drug and human trafficking, weapon sales, and ransomware schemes.

Every year, an estimated $76 billion of illegal activities involve Bitcoin. Nearly one hundred percent of darknet market transactions, including the sale of ransomware, illegal drugs and phishing kits, involve cryptocurrencies, in large part due to their ease of transacting online and across borders. The use of cryptocurrencies among criminals may have been furthered by their perceived anonymity. Transactions are recorded on the blockchain, which is a public ledger, enabling anyone to see the transactions though not the identities of those executing said transactions.

The Cellebrite Crypto Tracer Solution is designed to reveal illicit transactions using cryptocurrencies and enables investigators to aggregate and curate millions of open source and private references, deception data and human intelligence, resulting in a dataset of over 522 million attributable points. These data points give investigators full visibility into the lifespan of cryptocurrency transactions, including where the money originated and where it went, in both wallets and exchanges. Graphic mapping and color-coded threat level transactions enhance the visualization and understanding of the activities and accelerate investigators’ abilities to pinpoint primary and associated criminal activity and its perpetrators.

Powered by CipherTrace Inspector, the world’s most comprehensive cryptocurrency intelligence tool, the Cellebrite Crypto Tracer Solution gives investigators the ability to:

  • Utilize a Blockchain Search Engine: Simply enter a cryptocurrency address or transaction ID into an intuitive search bar that will auto-complete long addresses.
  • Conduct Risk Scoring: Profile hundreds of global exchanges, ATMs, mixers, money laundering systems, gambling services, and known criminal addresses and assign risk levels to transactions.
  • Show a Deep Analysis of Potential Risks: Non-technical users can visualize transaction flows to follow virtual money trails without becoming a cryptocurrency or blockchain expert.
  • Demonstrate High-Quality Advanced Attribution: Top entity typologies and attribution collection methods are easily identifiable within Inspector.
  • Leverage a Massive Transaction Database: Allows users to understand interactions with a powerful graph that traces the flow of funds over time and through the blockchain ecosystem.
  • Operate with Integrated Case Management: Gives investigators a convenient way to save research, replay searches, export investigation reports and collaborate with others involved in the investigation.

Also included in Cellebrite Crypto Tracer:

  • Cryptocurrency Investigation Services: The Cellebrite Advanced Services (CAS) team conducts criminal and civil cryptocurrency fraud investigations for law enforcement and corporations. Cellebrite certified forensics experts employ advanced techniques to expose financial cybercrime and fraud schemes by analyzing cryptocurrency artifacts and providing investigative teams with detailed documentation and insights through analyst level reports.
  • Cryptocurrencies Investigation Training: A 3-day course in best-practices for cryptocurrency investigation techniques. The class teaches investigators how to use CipherTrace Inspector to obtain and analyze evidence about individuals committing crimes using cryptocurrencies.

“It has long been assumed that blockchain and cryptocurrency transactions remain untraceable and unknown,” said Leeor Ben-Peretz, Chief Strategy Officer, Cellebrite. “This is a misconception. As a matter of fact, the essence of blockchain is to indelibly keep a record of each step of every transaction. We’re enabling investigative teams to extract this information and use the power of Digital Intelligence to aid them in interpreting the data needed to identify illicit blockchain activity and keep communities safe.”

“We’re very excited to offer our best-in-class cryptocurrency tracing and blockchain analytic capabilities to enhance Cellebrite’s Digital Intelligence, training and investigative services,” said Stephen Ryan, COO of CipherTrace. “As criminals increasingly utilize cryptocurrencies in their illicit activity, our partnership with Cellebrite will be that much more important to making the digital world a safer place.”

Tokeny Solutions Partners with Inveniam to deliver Data Integrity and Price Discovery for Private Securities 6038

Tokeny Solutions (Tokeny), an industry-leading tokenization platform based in Luxemburg and backed by Euronext, is announcing a collaboration with Inveniam and its Inveniam.io platform, delivering data integrity and price discovery. Tokeny’s technology, enhanced by Inveniam’s software, provides the foundation for increased private market asset liquidity and public-like performance of these assets. This public-like performance is made possible with data integrity and price discovery functionality driven by better data on the underlying businesses and their assets.

Tokeny and Inveniam will create digital securities for investors with seamless integration and will facilitate the secondary market trading of private market securities. Tokeny has expertise in the compliant issuance, transfer, and management of digital securities. The T-REX (Token for Regulated Exchanges) protocol allows market actors to apply trust, compliance and control while utilizing blockchain technology. Inveniam.io provides automated workflows, also known as robotic process automation (“RPA”). RPAs gather performance data on underlying real assets that inform digital tokens. Inveniam.io digitally certifies, indexes, fields, and validates real asset performance data that is commutable and proven.

“Inveniam’s data integrity and fair market value pricing functionality will enrich Tokeny’s security tokens to facilitate the forthcoming secondary market for real estate assets. The Inveniam.io platform complements ours, making this a synergistic tokenization powerhouse,” said Daniel Coheur, Co-Founder and Chief Commercial Officer at Tokeny Solutions.

“We look forward to a mutually beneficial collaboration with Tokeny in this initiative. This combined service will deliver real-time price discovery, liquidity and transparency for digitizing private assets; something that was not possible before now,” said Patrick D. O’Meara, Inveniam’s Founder and CEO. “Combining user-friendly end-to-end solutions of Tokeny’s technology with data integrity and real-time fair market value Verified by Inveniam™, provides a powerful competitive edge for private market asset owners.”

Orion Protocol (ORN) Wins KuCoin Community Vote DeFi Session, Trading and Staking Services to be Opened 8940

KuCoin, an IDG-backed exchange, today announced the result of the KuCoin Choice Community Vote (DeFi Session), Orion Protocol has won the voting and will get listed on KuCoin at 18:00 July 25. Meanwhile, staking service on Pool-X will be available from 17:00 July 22, with an annualized return of 39%. DeFi is the most trending topic in the recent blockchain industry with a large number of promising DeFi projects emerging. In order to contribute to the DeFi ecosystem and provide support to more DeFi projects, the KuCoin Choice Community Vote (DeFi Session) has been launched to select real potential DeFi projects.

Orion Protocol, the DeFi platform building B2B and B2C solutions on the most advanced liquidity aggregator ever developed, solves the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. With the ORN token at the core, Orion has built thirteen different revenue streams across their stack of solutions – from Orion Terminal to Orion Enterprise solutions for blockchains, exchanges, and crypto projects.

KuCoin Global CEO Johnny Lyu stated: “KuCoin has been persistent in its pursuit of finding and supporting blockchain projects with real potential. KuCoin has been paying attention to the DeFi field for a long time, and hopes to find hidden gems in DeFi for users. Community Vote is a good way to not only allow users to contribute to the KuCoin ecosystem, but also to better understand DeFi projects. In the future, we will explore more ways to support DeFi to accelerate its mass adoption.”

Orion Protocol CEO Alexey Koloskov Stated: “Orion bridges the gap between the centralized and decentralized worlds of crypto, solving the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. I’d like to thank our community for supporting us in this voting and I am very excited about the KuCoin listing. We look forward to working closer with KuCoin to BUIDL on DeFi in the future.”

KuCoin has always been a strong supporter of DeFi projects and has listed a number of real potential projects in the DeFi field, such as COMP, MKR, KNC, AMPL, LUNA, AKRO, etc. Furthermore, KuCoin is developing its own public chain – KuChain to further boost the prosperity of the DeFi world. KuChain’s testnet Kratos has launched its beta version and it aims to build a four-layer network based on the needs of DeFi and DEX, modularizing the protocol and functions, improving the ease of use of Kratos, and reducing the threshold for developer participation.

VistaChain by Highview Achieves SAP Certification through the “Co-Innovated with SAP” Program 10204

Highview Solutions, Inc. today announced that its VistaChain V1.0 solution has achieved SAP® certification as integrated with SAP Cloud Solutions, as part of the “Co-Innovated with SAP” program. The “Co-Innovated with SAP” program is designed to help partners through the development lifecycle that culminates in an SAP-certified and tested solution against SAP product standards. It is an end-to-end program of guided services offered by the SAP Partner Innovation Lifecycle Services organization that helps partners take their products to market in alignment with other SAP teams (product management, solution management, development and field), thereby providing the guidance and support to help ensure a competitive solution in the marketplace.

“The innovation of our VistaChain V1.0 solution resulted in many wins as we worked closely and exclusively with the outstanding SAP Partner Innovation Lifecycle Services team to achieve SAP certification for our product. We are thrilled to have developed blockchain-enabled solutions to offer simple, transparent B2B transactions for vendors and suppliers. This innovation should improve user experience on all fronts,” says Mike Kersels, Highview founder and CEO.

VistaChain V1.0 is poised to be the industry-agnostic connective tissue between vendors and suppliers for B2B transactions. As an SAP partner and trusted third party for business partners Highview Solutions has been providing B2B Electronic Data Interchange (EDI) solutions to its customers since 2019.

The SAP Partner Innovation Lifecycle Services organization has certified that VistaChain V1.0 by Highview Solutions integrates with Hyperledger Fabric service on SAP Cloud Platform, where business documents exchanged between customers and trading partners are stored in the cloud.

As a managed service offering VistaChain provides full visibility and transparency to the data of exchanged business documents, reduces time spent on reconciliation and helps to eliminate disputes between business partners.