Companies

The Global Blockchain Business Council (GBBC), the leading association for the blockchain ecosystem, conducted research on Tuesday, January 22, 2019, and discovered that around 63% of institutional investors think that senior executives have poor and less knowledge on blockchain technology. Just 7% depicted their blockchain understanding as “good,” and 30% saying it is “average,” according to the report by Thefintechnews.

The U.S government has been in a shutdown for more than a month now. So far, this is the longest shutdown in the U.S history and it’s still proceeding since the Parliament in not in position to fund Trump’s idea of constructing a wall on the Mexican border.

All students at higher institutions of learning in Italy will be able to secure the authenticity of their academic qualifications using blockchain technology. The technology also enables companies and employers to easily and immediately be validated.

The EO Referral Program, already touted to be a significant addition to the ecosystem has been launched, and more details can finally be revealed. Offering 30% of transaction fees for each referral, it is expected to be the highest paying crypto referral program of 2019.

The Ford Motor Company, IBM, RCS Global, Huayou Cobalt and LG Chem are considering employing blockchain to track and corroborate ethically sourced minerals. They aim at creating an open, industrywide network to track and confirm minerals and other significant materials for the automotive and consumer electronics sector in their supply chains.

Ethereum’s (ETH) approaching Constantinople upgrade activates vectors for reentrancy attacks, as per ChainSecurity – a smart contract auditing platform, according to a Medium report on January 15, 2019. A reentrancy attack engages a particular function in a smart contract to be called several times before the smart contract is completely performed.

The Danish Tax Agency, Skattestyrelsen, announced on January 14 via their website, that it will be gathering trader data from 3 digital currency exchanges including localbitcoins to guarantee that clients are fully paying the right taxes. Data about foreign citizens, companies and organizations will be shared with other nations.

In 2019 ICOBox will be pursuing two major goals: to shift its trajectory to better meet the demands of the rapidly changing crypto market by offering services related to security tokens, and to revamp its business model. During this transitional period the project will once again be led by its founder Nick Evdokimov – a prominent serial entrepreneur, blockchain visionary, and expert in launching successful IT startups. With the help of such an experienced top manager the company will be able to regroup and quickly become the leader of the just evolving security token and Security Token Offering markets.

The U.K disclosed that it has rolled out a total of 67 different inquiries into cryptoasset firms, out of which 49 were successfully closed and 18 are still ongoing. To boot, the U.K government has ratified that it is poised for action to offer more aid to the Financial Conduct Authority (FCA) to assist regulate the cryptocurrency sector.