Inshorts

German chemical giant BASF will use blockchain in tracking supply chains. According to Coindesk, this week the company has been testing the blockchain platform developed by Quantoz and Ahrma startups. The project is part of the Startup Autobahn initiative and is aimed to provide information about the position and movement of goods within the supply chain. It's the first known instance in which the chemical giant has explored the use of blockchain, which arose from the broader process of considering new technologies for potential applications by the company. 

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

Germany plans to create its own cryptocurrency, issued by the central Bundesbank. As coin-turk.com reports, the discussion on the idea of creating the Germany’s own cryptocurrency is ongoing. Jens Weidmann, the head of Germany's Bundesbank said that, for users the cryptocurrency of the central bank would the best option for the reason that the bank will always be able to pay its debts and will not disappear. Also Wiedmann thinks the decentralized structure of the bitcoin and the absence of central units within the network would make the situation worse in a possible future financial crisis. But the government-based cryptocurrency would avoid negative consequences thanks to the governmental support. 

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

Internet-saviour who halted the Wannacry malware attack, is arrested. As reported by BBC, Marcus Hutchins, 23-year-old UK’s National Health Service security researcher, who had stopped WannaCry malware from spreading, was arrested by FBI in Las-Vegas. According to press-released statement of US Department of Justice, he is accused of being involved with Kronos banking malware creation and distribution. Let us remind that Kronos firstly appeared in July 2014 and was stealing banking data. 

GitHub to be accused of slander. As reported by Cointelegraph, OKPAY CEO Sergey Mayzus, is threatening legal action to social web for developers with accusations of libel. The sew tells that some GitHub customers blame OKPAY for working closely together with BTC-E at action page. In his statement, Meizus argues that the administration of the site has repeatedly been asked to remove these posts, but no response has been received. Nevertheless, he acknowledges that some of the exchange clients or employees could be somehow involved into BTC-E exchange. 

A new concept rejection of ICO is gaining popularity. Creators of the decentralized exchange Bisq announced that they will not provide the ICO, which is now extremely popular in the cryptocurrency community. According to Manfred Karrer the founder of Bitsquare, ICO is not needed for the good company, the modern open source world allows to build a company for free. Instead, the exchange published a whitepaper of the upcoming decentralized autonomous organization (DAO). Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

Singapore clarified position on token sale. As cryptoninjas.net reports, Monetary Authority of Singapore (MAS) explained that the offer or issue of digital tokens in Singapore will be regulated by MAS if the digital tokens constitute products regulated under the Securities and Futures Act (SFA). The explanation of MAS came after the increase in numbers of ICO’s in Singapore. This regulation is an attempt to control the digital tokens risks that appears due to the anonymous nature of cryptocurrencies, in particular money laundering and financing terrorism.

Daimler AG is testing the Ethereum blockchain technology. As webrazzi.com reports, the Daimler AG company, also the owner of Mercedes-Benz, has agreed with Landesbank Baden-Württemberg to try blockchain technology on financial transactions. The project includes, in addition to Daimler AG company, banks from Esslingen-Nürtingen, Ludwigsburg and Ostalb, which invested the shares for exploring blockchain technology. If the test will result positively, Daimler plans to use the technology on engineering, security and transportation.

A new cryptocurrency is gaining strength. According to Coinmarketcap, BCH, a new cryptocurrency emerged from bitcoin hardfork, is estimated almost 450 dollars for a coin with almost $8 billion dollars of a market cap. Should be noted that opinions on BCH are divided, as not all cryptocurrency platforms supported a new cryptocurrency. For example, Bitsquare had taken a clear opposition to fork, while Kraken, Korbit and ViaBTC expressed their support for a new cryptocurrency. Meanwhile, many platforms hasn’t made any decision yet, monitoring developments. 

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.