Inshorts

Caricoin, a UK-based business, has signed a letter to the Bank of Jamaica to be approved as the first Bitcoin exchange in Jamaica and the Caribbean. The company has already launched a pilot exchange three months ago across the Caribbean and injected US$50,000 worth of free bitcoins into the system.

A new "Proof of Giving" model has been announced as part of the GiveCoin 2.0 (2GIVE) project. 2GIVE is a hybrid cryptocurrency with the charitable nature that Givecoin has. The chain supports a Proof of Stake transaction that provides stakeholders with the ability to be rewarded for holding onto coins by permitting them to claim a nominal interest rate for securing the network through their staking transactions, while simultaneously establishing a minimal 1% transaction fee designed to encourage miners to participate and produce Proof of Work blocks.

Ripple announced it has raised $55 million in Series B financing. The companies that participated as investors are Standard Chartered, Accenture, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and SBI Holdings. Additional investors participating in the round include Santander InnoVentures, the venture arms of CME Group and Seagate Technology.

The UBITQUITY Real Estate Platform was announced to be entering a Private Alpha stage on September 15. Now, using ColoredCoins, UBITQUITY can put all the necessary information for a title into an online asset. The Real Estate Platform system stores all the information about the property including ownership history and its price. So long as ColoredCoins has a user base, the information will remain secure online.

Keystone Capital Corporation, a securities broker-dealer, has selected t0’s blockchain-based trading technology as part of its brokerage service’s support of a blockchain preferred share offering from Overstock.com.

Australia will manage the secretariat of an international technical committee for the development of blockchain standards after the International Organization for Standardization (ISO) approved Standards Australia’s proposal for new international standards on blockchain.

The Water Project that works to provide access to clean, safe and reliable water across sub-Saharan Africa received generous donations of 38 bitcoins in two transactions.

The European Commission has published a paper that shows its plans to push a ‘capital markets union’ by embracing FinTech. The Commission has been highlighting the important role of FinTech ‘as a driver of competition, and for bringing capital markets closer to companies and investors’.

DECENT and CCEDK have recently announced an ICO of Decent’s new digital token DCT. The ICO has gained tremendous traction, raising over 4138 BTC in less than 2 days. Proceeds from the ICO will be utilized by DECENT to fund the development of future releases, protocol optimization, maintenance, and associated operational, administrative and logistical costs.