Court Rules Bank Leumi Should Serve Crypto Exchange Bits of Gold 9552

Cryptocurrency exchange Bits of Gold received a huge boost this Monday after the Israeli Supreme Court ruled it could continue using an account with Bank Leumi.

The cryptocurrency exchange had previously been unable to access its account after the bank had restricted access to it, citing regulatory concerns. But after taking its case to the Supreme Court of Israeli, the bank will have to allow the exchange to use its services.

Though Bank Leumi continued to object in principle to the decision, it should mean that Israeli firms doing business in digital assets will be able to connect to local banking services.

“This is an exciting moment for us as a company and for the [cryptocurrency] community in general,” said Bits of Gold CEO Yuval Roash.

“We worked hard to set up a company which met regulatory requirements, in a new industry, and those efforts paid off. I am proud to be a part of this flourishing industry and push it towards the right regulation.”

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Transportation Management System Market Worth $198.82 Billion by 2025 6779

The global transportation management systems market size is expected to reach USD 198.82 billion by 2025, at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The emerging growth of the retail and e-commerce sector and the increasing need for automation and technology in supply chain and logistics are driving the adoption of transportation management system (TMS). Advancements in digital technologies which have led to the implementation of cloud transportation management systems, Internet of Things (IoT), predictive analytics, Artificial Intelligence (AI) solutions, and blockchain technology facilitate the market growth. In addition, the high Return on Investment (RoI) on the implementation of a TMS module is drawing a large number of players to the market, which is expected to drive the growth.

Key suggestions from the report:

  • Increasing digitalization and growth of the e-commerce industry in emerging economies are expected to drive the transportation management system market over the forecast period
  • The Cloud TMS segment is expected to register the highest CAGR of 17.2% over the forecast period
  • Growing investments in railway infrastructure are expected to fuel the overall market growth in the forthcoming years
  • North America held the largest market share in 2018. The increasing import and export activities between U.S. and Canada, U.S. and Mexico, and U.S. and other countries are expected to drive the market
  • Key players including Oracle Corporation; SAP SE; The Descartes Systems Group, Inc.; and JDA Software Inc. among others accounted for a majority share of the overall market in 2018

Read 150 page research report with TOC on “Transportation Management Systems Market Size, Share & Trends Analysis Report, By Deployment Mode, By Mode of Transportation, By End User, By Region, And Regional Forecasts, 2019 – 2025” at: https://www.grandviewresearch.com/industry-analysis/transportation-management-systems-market

Logistics and supply chain companies are significantly investing in the deployment of the latest technologies in their transportation management systems to make optimum use of the high volume of data produced daily. AI is extensively used by logistics companies to enhance real-time decision-making abilities related to cost, carriers, inventories, and the availability of cargos and shipments. Big data-driven applications have already emerged to help streamline the logistics industry on a global scale.

The need for visibility, scalability, and flexibility across the supply chain is a major driving force for the transportation management system market. With the growth in the e-commerce industry around the world, the online retail market is developing rapidly, and customers are looking for highly personalized retail experiences, which subsequently helps drive the market. As the logistics and transportation sectors continue to grow, the need for faster, smarter, and more efficient shipping services becomes crucial, which is expected to make a significant contribution to the growth of the market.

There has been a rise in the competition among various module developers due to the introduction of technologies such as AI and blockchain. These technologies significantly contribute to the improvement of transportation management systems. Companies are making huge investments in their technological R&D to improve payment processing, freight location monitoring, and order fulfillment. Automation in logistics is gaining a lot of importance in the market, and module developers see this as a significant market opportunity. It would prove important for companies to embrace these technologies over the coming years to maintain a competitive position in the TMS market.

CoinAll has listed Zeux: The World’s First Crypto Mobile Payment and Investment App 7120

CoinAll

The emerging crypto exchange CoinAll has announced to list Zeux, the first mobile crypto payment and investment service provider all around the world. Zeux is a UK-based, FCA authorized financial institution that operates under 4 different regulatory licenses for payments and investments. It has revolutionized the payment industry by providing the next-generation comprehensive solution to combine payments, custody and investments into one.

With strong partners including Coinbase, IOTA, BitcoinSV, VeChain, QTUM, NEO, Ontology, and NEM, Zeux is disrupting the payment and investment industry by charging zero fees on crypto payment, zero fees on account opening or monthly subscription, while offers 6% deposit interest rate for your cryptos in Zeux. Meanwhile, it also enables users with a unique, safe and secure solution to pay with crypto in all stores that accept Apple Pay or Samsung Pay – and in just one click.

Zeux is launching its crypto investment features worldwide this Friday, covering all the countries across the globe, while the full features have been live in the UK since early this year. Zeux is currently available on App Store and Google Play Store.

The ZeuxCoin (ZUC) is the essential liquidity currency underpinning the Zeux ecosystem.

For a Zeuxcoin holder, you will be eligible for:
– Up to 1.5% cashback on all your crypto spending in-store and online in the cryptocurrency you used to pay via Zeux;
– Up to 80% discount in all Zeux fees including investment fees and withdrawal fees; (There is no other fee in Zeux)
– Access to unlimited one click account opening for third party products offered within the Zeux platform;
– Receive higher referral rewards when referring friends.

CoinAll, a strategic partner of the world-class exchange OKEx, is a leading digital asset exchange in the industry. Sharing the advanced security system, 24-hour global customer support, as well as a 20-million user base of OKEx, CoinAll is dedicated to offering the most premium digital asset trading experience to all users.

Fujitsu Develops Digital Identity Technology to Evaluate Trustworthiness in Online Transactions 6690

Fujitsu

Fujitsu Laboratories Ltd. today announced that it has developed a digital identity exchange technology that makes it possible for individual users and service businesses involved in online transactions to confirm the identity of other parties in transactions.

The rapid advance of digitalization in recent years has been accompanied by a dramatic rise in the number of online transactions in which users cannot see one another face to face, making it difficult to judge the credibility of the other party and leading to heightened concerns around trust. With reports of fraud and instances of people falsifying personal credentials like work history and professional qualifications growing increasingly prevalent, ensuring the circulation of high-quality, reliable identification data poses an urgent challenge to users and businesses alike.

To address this, Fujitsu Laboratories has developed technology based on a Decentralized Identification (DID)(1) utilizing blockchain that analyzes the risk of falsification and the trustworthiness of the other party’s personal credentials when a user conducts a transaction online. The new technology achieves this through a mutual evaluation of the users when a transaction occurs, and by inferring the relationships between users based on past transaction data.

Fujitsu’s new digital identity exchange technology promises a future in which people can enjoy online services more safely, offering user-friendly features including graphics to visualize the relationships between users, as well as a unique “trust score” that make it easier to determine each user’s trustworthiness before starting a transaction.

UN enlists Blockchain in Afghanistan for Transparency in Rebuilding Process 6668

UN

As part of its “City for All” program the UN is looking to blockchain technology in Afghanistan for secure and transparent land records management as part of a larger rebuilding process.

The United Nations Office of Communication and Information Technologies (UN-OICT) is developing an innovative cutting-edge solution using blockchain technology for supporting the Government of Afghanistan’s efforts in ensuring systematic, transparent, and secured online Land Records management and affiliated services, Stephane Dujarric, Spokesperson for the UN Secretary-General told The Sociable.

Dujarric said the UN-Habitat is supporting the Government of Afghanistan to implement its “City for All” program, which is underpinned by the fact that harnessing Afghanistan’s cities for state building and peacebuilding requires three fundamental components:

  • Effective land management with clear land rights, restrictions, and responsibilities
  • Strategic urban planning to establish a common vision and guide public investments for an inclusive and prosperous urban future
  • Improved municipal finance and governance, citizen engagement and representation

The blockchain solution shall serve as a key tool in the delivery of these fundamental components,” he said.

The move is part of a Memorandum of Understanding (MoU) reached between the UN-OICT and UN-Habitat that provides a framework of cooperation regarding the development of emerging technology tools and digital platforms for urban design and planning, with particular focus on Afghanistan, India, Bangladesh, and Sri Lanka. The MoU was signed by UN-OICT and the UN-Habitat regional office in New Delhi.

Dujarric says the countries listed above are given priority based on urgent UN-Habitat program requirements in support of Afghanistan.

Bitwise Licenses New Index To Amun To Support Swiss-Listed Exchange-Traded Product 7618

Bitwise

Bitwise Index Services, LLC, the index calculation and dissemination subsidiary of Bitwise Asset Management, announced today that it has licensed a new index to the Swiss-based fintech firm Amun AG that will be used as the benchmark index for a new Swiss-listed exchange-traded product (ETP) available only outside the United States.

The Bitwise 10 Select Large Cap Crypto Index is designed to track the performance of up to 10 of the largest crypto assets in the world, as measured and weighted by free-float and inflation-adjusted market capitalization. Constituents must meet a variety of criteria to qualify for the Index, including rules related to security, liquidity and institutional support.

“We are thrilled to be working with Amun to help non-U.S. investors gain diversified exposure to the crypto markets,” said Matt Hougan, Global Head of Research for Bitwise Asset Management. “The Index is carefully designed to capture a broad array of cryptoassets while accounting for many of the unique constraints presented by the current cryptocurrency ecosystem.”

All assets in the index must be approved to serve as the underlying for an ETP by SIX, the Swiss Exchange, and must be both supported by appropriate market makers and available for custody at leading institutional custodians. The Index is rebalanced and reconstituted on a monthly basis.

As of the May 31 rebalance, the Bitwise 10 Select Large Cap Crypto Index included eight cryptoassets with the following weights:

Asset

Ticker

Weight

Bitcoin

BTC

67.80%

Ethereum

ETH

11.50%

XRP (Ripple)

XRP

8.33%

Bitcoin Cash

BCH

3.52%

Litecoin

LTC

3.47%

EOS

EOS

3.36%

Lumens (Stellar)

XLM

1.10%

Cardano

ADA

0.90%

The full methodology for the Index is available here.

“We are thrilled to partner with Bitwise to bring the most broadly diversified crypto ETP to investors in Switzerland,” said Hany Rashwan, CEO of Amun. “Bitwise is the global leader in crypto indexing, and we are excited to launch a product that builds on their expertise.”

“It is incredibly early in the evolution of the crypto markets, and it is difficult to say at this point which assets will become the most important,” said Hougan. “The Index is designed for Swiss investors who want to be sure they gain and maintain exposure to the most important crypto projects in the world.”

ABOUT BITWISE

Bitwise Asset Management is the leading provider of index and beta funds for the cryptoasset space. The firm created the world’s first cryptoasset index fund in 2017, and today manages multiple funds serving institutions, family offices, financial advisors, asset managers, and high net worth individuals. Its indexes serve as a benchmark for more than 30 leading crypto hedge funds, academics, and large financial institutions. Based in San Francisco, Bitwise’s executive team combines decades of experience in traditional asset management and indexing with deep knowledge of software and technology. The team has backgrounds at firms including BlackRock, Goldman Sachs, Deutsche Bank, US Commodity Funds, IndexIQ, ETF.com, Facebook, and Wealthfront. Bitwise is backed by institutional investors and leading venture capital firms including Khosla Ventures, General Catalyst, and Blockchain Capital. It is a frequent commentator on crypto in publications like Institutional Investor, CNBC, Barron’s, Bloomberg, The Wall Street Journal, and The New York Times.

Bitfinex to Complete Platform Upgrade on June 26 8383

bittt

On Wednesday June 26, both Bitfinex and Ethfinex will be offline for up to seven hours as we commence a platform upgrade designed to enhance the stability and scalability of the iFinex matching engine.

The platform upgrade will require taking all iFinex trading platforms offline for the duration of the maintenance period. This means that traders across both Bitfinex and Ethfinex will be unable to trade, view or access their wallets during the update.

We kindly ask all our traders to plan ahead accordingly and make the necessary account adjustments prior to the start of the platform upgrade.

What this means for traders

The June 26th update is designed specifically for us to be able to deliver a more sophisticated trading experience, further separating Bitfinex from the remainder of the digital asset trading space. This includes, amongst other things, laying the foundation for the launch of derivatives trading on Bitfinex.

Traders across both Bitfinex and Ethfinex will not be required to take any actions:

  • All funds will remain safe and unaffected throughout the platform upgrade, and will not be at risk at any point.
  • No orders will be executed during downtime. All open orders will be kept (regardless of price movements) and resume once the platform is back online.
  • Users will not be liquidated during downtime. However, traders should be aware that if the price moves significantly during this time, they are at risk of liquidation as and when the platform is reopened. In line with this, we kindly ask all traders to review their margin requirements and assess the risk of market movement on their open margin positions before entering the maintenance window.

Whilst the platform upgrade is set to take place on June 26th, this date is largely dependent on broader cryptocurrency market conditions and the chance exists that the upgrade will be postponed if market movements are deemed too volatile.

We appreciate that up to seven hours is a significant length of time in digital asset trading, but we ensure our active user base that we have taken every measure to make this upgrade as seamless as possible.

For more information on the day of the upgrade, please refer to the Bitfinex status page and Twitter account for official progress. We will let our users know 5 minutes before the platform re-opens. Trading will start 10 minutes after the platform is accessible again.