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An Apprentice winner has joined the blockchain startup world. Tim Campbell now serves on the the Board of Humaniq, a blockchain financial infrastructure which helps connect underserved markets to the global modern economy. Campbell has served as an Ambassador to the London Mayor and a member of the Government’s Entrepreneur’s Forum, as well as a part of the Cabinet Office’s SME Panel. Campbell’s appointment to Humaniq’s advisory board will see that he will sit alongside a Board of Directors including Alex Fork, Dinis Guarda and Dmitry Kaminskiy. “Humaniq is a movement of tech for good and offering a simple and secure mobile banking app for the unbanked,” states Humaniq in a press release. “Humaniq has the capacity to produce thousands of entrepreneurs in addition to numerous customers of tomorrow who are unbanked,” said Campbell. “I have always insisted that business has the power to bring about social change and Humaniq’s model of bringing financial instruments and educatio

Ethereum has reached a high of just under $70 today, with its market cap surpassing $6 billion while its trading volumes are nearing bitcoin’s. The currency has been on an up-wards trend since March, rising from $12 to stand at around $65 at the time of writing with its latest movement starting just two days ago, rising from around $50 to near $70. The reasons for the rise appear numerous as news of new projects keep coming in. There is the Ethereum ETF which is being considered by the SEC, for example. Gnosis, an ethereum based prediction market, raised some $12 million at a $300 valuation. Then, Spotify  acquired  an ethereum based blockchain company Mediachain Labs for better record keeping of royalties. While Vitalik Buterin flatters the Chinese by speaking in their mother tongue with the latest  Blockchain Summit  now being held in Hangzhou where Buterin is to present. The rise may also be, at least in part, due to bitcoin. Its market-share has now fallen to around

South Korean bitcoin exchange Yapizon was hacked earlier this week, losing more than US$5 million worth of user funds and bitcoin. According to the exchange’s official statement translated by CCN, four hot wallets of the exchange were hacked by an unknown group of hackers. The Yapizon legal team noted that approximately 37 percent of user funds were hacked and exactly 3,816 bitcoins were stolen from the exchange. Users of Yapizon outraged over the exchange’s decision to spread losses from the theft equally amongst all bitcoin accounts. Considering that the exchange lost 37 percent of its bitcoin reserves, the exchange announced its plans to deduct exactly 37 percent of user balances. Yapizon’s deduction of funds across all user accounts remains highly controversial, due to the difference in the financial status of Bitfinex. In August, Bitfinex lost  $72 million  worth of bitcoin after a major hacking attack. To recover the funds of their investors, the exchange issued Bitfine

Tencent Holdings Limited, a Chinese investment holding company whose subsidiaries provide media, entertainment, payment systems, the Internet and mobile phone value-added services in China, is developing in its own blockchain platform. The new platform, TrustSQL, is designed to provide an enterprise class blockchain infrastructure to support reliable blockchain cloud services. Features include low-cost, fast access, security, an efficient consensus algorithm and transaction confirmation in seconds, according to  Investoped White Paper Released Tencent’s recently-released white paper explains the history of the Internet beginning with ARPANET in 1969 to the World Wide Web nearly 20 years later. The company believes bitcoin and blockchain are bringing the third big change. Tencent’s white paper noted the blockchain can build a more reliable Internet system. With the growing popularity of blockchain technology, the digital economy will be more credible and authentic, makin

Japan’s Mizuho Financial Group, subsidiary bank Mizuho and IBM Japan are jointly building a blockchain platform for trade financing. With the blockchain solution, Mizuho is looking at improving supply chain- and trading operations’ efficiency. Announced  in Tokyo this week, the joint endeavor sees blockchain technology as a viable solution to enable quick and secure exchange of digitized trade documents and transactional details in a supply chain ecosystem. An immutable ledger brings greater transparency and trust among parties in a transaction. The blockchain solution will enable a multitude of participants in a supply chain including exporters, importers, shippers, insurance companies, port operators and port authorities to share near instantaneous and critical shipment details of a trade. This will also enable financiers (banks) of importers and exporters to release funds without the burden of inefficiencies including waiting for paperwork and other manual processes.    

Indian authorities are engaging in a sweeping crackdown on OneCoin, a digital investment scheme that is commonly seen as a scam. On Sunday, Indian police in the city of Mumba arrested 18 individuals associated with the fraudulent scheme. According to  The Hindu , the 18 individuals were conducting a OneCoin seminar over the weekend. The event, which saw at least 500 participants, was also attended by undercover police who witnessed the entire presentation that promised significant returns on the purchase of a single OneCoin for ₹11,900 (approx. $185). A report by  Times of India  reveals that the 18-member group affiliated with OneCoin began operating 8 months ago and had collected nearly $90,000 over the period from 72 investors. “The entire sum was collected in cash, but they did not give receipts to avoid a money trail,” a police official stated. Upon interrogation, the individuals pointed to four bank accounts related to the scheme in India’s capital Delhi and Rajasthan,