Inshorts

Blockgeeks Lab hackathon will be held in Toronto. The event will take place from 21 to 23 April in "MARS DISCOVERY DISTRICT". One hundred fifty people will take part in the hackathon. The event organizers will provide a platform for developing and launching new applications from scratch in 38 hours. The winners of the hackathon will receive cash prizes in the amount of from one thousand to 15 thousand Canadian dollars. Among the speakers who will speak at the event will take part Vitalik Buterin co-founder of the project Ethereum.

IBM brings innovative technologies to the oil market. The platform is aimed at increasing the transparency of procedures, operations and costs reduction. The project was developed using the Hyperledger code and the IBM BlueMix cloud service. In addition to the technological giant, the French corporate investment bank Natixis and the Singapore trade group Trafigura also participated in the development. Arnaud Stevens, the chief of global energy and commodities at Natixis, noted: “Distributed ledger technology brings some much-needed innovation into our industry”.

Seafood extraction through blockchain. Intel has developed a platform for tracking the supply chain of seafood. The project is based on the Sowtooth Lake code from Hyperledger and will help to automate production processes in seafood manufacture. Data in the blockchain will be recorded using IoT-sensors. Representatives of Intel company noted: “The final buyer can access a complete record of information and trust that the information is accurate and complete”.

Disclaimer. This video is 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. 

The People's Cooperative in Russia plans to launch an ICO to finance food factory and stores. The People's Cooperative "Family Capital", which has large assets throughout the country, plans to release its Ethereum-based token, called FC-coin (Family Capital Coin). The release is set to be on the twenty second of april. The chairman of the cooperative, Natalia Verkhova, pointed out that getting a loan for small businesses at the bank is a rather complicated and inconvenient process in Russia. The cooperative has become interested in blockchain technology and cryptocurrency as one of the quality tools for raising funds. She said the cooperative plans to raise money from investors and from shareholders, as well as via cryptocurrency. FC-coin may become the first token backed by the physical assets of the cooperative - a food factory and stores. 

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After community vote was decided where scammers' money will go. Coinidol closed the voting on which charity organization should get the $1,000 in Bitcoin of scammers’ money on April 1. The crypto community has chosen BitGive. CoinIdol has finished the public trial of Jawad Yaqub, the creator of the decentralised operating system Razormind, on the twentieth of March. The community decided to send the scammers’ money to charity. Coinidol asked the crypto community to suggest which charity organization should get the donation. Twenty seven percent of the readers and seventy one percent of the jury members suggested sending these funds to BitGive, a non-profit organization. 

The Estonian startup conquers the Asian market. Funderbeam company received an investment of two million euros from the Japanese investment company Mistletoe. The funds will be used to expand the company's activities to the Asian market. Funderbeam is aimed at creating a constantly open exchange platform based on the blockchain technology. KAidi RUusalepp founder and CEO of Funderbeam, commented: «Our vision has always been to become the global stock exchange for startups. We’ve built the world’s first blockchain-powered always-open exchange, and now it’s time to scale outside of Europe.»

Disclaimer. This video is 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. 

Conflict rising between developers can tear crypto community apart. There is a schism between Joseph Poon, a Lightning Network developer, Stephen Pair from BitPay and Christopher Jeffrey from Purse, who published an extension blocks proposal that both increases on-chain capacity and fixes malleability. Poon claims the extension block is a litmus test for corruption in the Bitcoin community, and added that without the ability to make pragmatic decisions Bitcoin as a project is stagnant and dying. 

Bitcoin jumps to twelve hundred dollars per token. Overnight into Friday bitcoin price rose to twelve hundred dollars on the Bitstamp Price Index. Bitcoin began to rise since the last week of March, which was caused by Japan recognizing bitcoin as a legal currency. The price trend shows investors’ renewed confidence in the cryptocurrency after fears of a possible hard fork and a split of bitcoin’s core software into two rival coins. However, the price couldn't stand on this level for long, and lowered to eleven hundred and eighty dollars per token. Thus, the maximum point recorded over the past few hours on Bitfinex was twelve hundred and six point four dollars, and twelve hundred and one point four dollars at Bitstamp.

Development of the blockchain platform for the lending market is completed. The financial and technological research company R3, together with the technical firm HQLAX and five large banks, has developed a platform for effective liquidity redistribution, risk reduction and increased regulation transparency . The project is based on blockchain Corda R3. Currently, all participants directed their efforts to develop a prototype. David Rutter, CEO of R3 noted: “There is a heightened need for a marketplace that facilitates large scale, cost efficient collateral transfers across the global financial ecosystem, and Corda exceeded the most demanding requirements”.