In the latest blockchain news, the former JPMorgan head of commodities Blythe Masters stirred up the waters while speaking at the London Metal Exchange annual dinner – pointing out to blockchain and its increasing abilities in the commodity markets.
As the blockchain innovator said, blockchain introduces heightened confidentiality, reduces paper waste and improves the overall provenance and productivity. Masters became a managing director at JPMorgan at the age of 28, to later become the head of global commodities. She is widely credited for creating a credit derivative vehicle which is known as the credit default swap, popular because of the mixed effects in the wake of the global economic crash that happened in 2008. Many described her creation as the financial weapon of mass destruction.
Still, there is no denial in the fact that Masters is an expert when it comes to finance and commodities. With her new role as the CEO of Digital Asset Holdings, which is a company specializing in blockchain solutions for financial services, there are only a few better-qualified people to speak on the application and the blockchain adoption in the commodities industry.
As Masters noted during her London speech:
“Supply chains are notoriously complex and inefficient. This is especially true in the metals and mining industry where many operational and commercial practices remain inefficient and antiquated, leading to critical data omissions, security vulnerabilities, expenses, corruption, and unethical provenance.”
Right now, blockchain is seen as a revolutionary technology that could improve the tracking of goods in all industries – from food to clothing.
Blockchain facilitates the exchange of critical trade documents, bills of lading, letters of credit between connected users securely and confidentially. Clearly the indications for metals mining, shipping, storage, and logistics industries are nontrivial,” Masters concluded.
Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
“I will be in Surat on January 5, 2017, for promoting Cashcoin. As we all know that the future belongs to the cashless trend, we also know how much important role cryptocurrencies would play. So, we’ll meet at the event to know more about Cashcoin.”The police believe Khan received a lot of money for promoting the scam. If the police prove they are right, Khan could face compensation for the investors’ losses and could potentially go to prison for charges of fraud, criminal conspiracy and breach of trust. Shahbaz Khan’s involvement in crypto scams is not the first in the Bollywood world. Before him, there were actors such as Shilpa Shetty and Zarine Khan who promoted other scam crypto projects. In cases such as this one, the police commissioner said:
“These people have been brand ambassadors for this company, endorsing their products and going for their meetings. We came to know they have received huge remuneration and traveled abroad with the company representatives. This is a serious offense.’’Other Bollywood actors who got involved in a crypto scam include Vivek Oberoi who is set to play the key role in Prime Minister Narendra Modi’s biopic, also was involved into taking bribes for promoting political parties in India by accepting cryptocurrency as payments.
Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
“Those followers are as authentic as Jussie Smollet’s beatdown story.”Another commenter believed that getting the police and the Federal Bureau of Investigation involved is the right thing to do in order to bring truth to the crypto community. Justin Sun is believed to be a master at marketing and this is one of the reasons the crypto community can be happy about since his strategies seem to work on investors, dapp users and crypto exchange owners. It’s not a foul play but it sure is very close to the line that you should not cross.
Singapore-Based Blockchain Accelerator Partners With BMW & Intel
Binance Announces Major Changes To Launchpad Token Sale Format
“Other market participants may view this as an opportunity, and countertrade to even out the fluctuations.”The Binance Launchpad is the company’s token launch platform, as the name says, and in most recent times it has concluded a $4 million sale of the Celer Network (CELR) token seven days ago. The platform also conducted the Fetch.AI (FET) token sale and was able to raise about $6 million in just 20 seconds back in February. As previously reported, multiple changes were done to the Binance Application Programming Interface that shows how the company is working hard on implementing margin trading. A week ago, LBank and Bit-Z both of which are exchanges, overtook Binance on the adjusted trade volume according to the rankings on CoinMarketCap but the newly found reports show that most of their volume is fake.
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- The Russian Parliament Pushed Back On Its Crypto Regulation Bill Reading
- After The First Successful Bitcoin Donation, Hamas Demands More
- Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
- Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
- New Reports Show Bitcoin Mining Is 23 Times Less Expensive Than Gold Mining
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