Online Blockchain plc buys 35% of Encryptid August 16, 2018

UK’s AIM-listed Online Blockchain is to buy US software player Encryptid. Encryptid has plans to develop new crypto-based games on the Ethereum blockchain.

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Blockchain benefits are oversold – Boston Consulting Group August 16, 2018

Blockchain’s potential to transparently record complex transactions, track goods, and cut fraud is challenged by Boston Consulting Group (BCG). May pilot schemes undertaken by banks and commodity players may yield less progress than hoped, claims BCG.

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Insurance player AAIS to launch IBM blockchain reporting tool August 16, 2018

Tagged Insurance Data Link (IDL) the American Association of Insurance Services (AAIS) says it will debut a blockchain-based insurance database based on IBM blockchain tech. The move promises to cut reporting burdens and cut costs.

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New Zealand FMA warns on USI-Tech August 16, 2018

New Zealand’s Financial Markets Authority (FMA) claims Dubai-based USI-Tech is trading to NZ residents without permission and is warning of scam risk.

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ParcelABC to take Bitcoinus August 16, 2018

London-based global delivery player ParcelABC is to absorb Bitcoinus into its payment system. The company is particularly eyeing the Asian market for more market share.

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