Custodian With 100k Users Plans to Tokenize $13 Billion in Assets

Kingdom Trust, a South Dakota-based custodian managing more than $13 billion assets, is closely eying the tokenization sector. Speaking to Cointelegraph, Kingdom Trust chief executive, Ryan Radloff, revealed that the firm wants to tokenize the more than 20,000 alternative, crypto, and legacy assets that it currently offers custody services for. He said: “If you look …

Amazon Patented a Blockchain System for Supply Chain Tracking

World’s top ecommerce firm, Amazon, filed a patent for a blockchain system that tracks goods as they move on the supply chain. Amazon’s patent — dated May 26 — describes a “distributed ledger certification” system. The document explains that the tracking solution would ensure that consumer goods that are sold on its ecommerce site are …

Buterin and Winklevosses Address Twitter Censorship Battle

Ethereum creator, Vitalik Buterin, and Gemini exchange founders, Cameron and Tyler Winklevoss, expressed their opinions on recent efforts at social media censorship. “I’ve talked before about the rise of corporations regulating governments but here we have Twitter soft-censoring the U.S. president on the grounds of incitement of violence,” Buterin said in a May 29 tweet …

Cryptocurrency Documentary to Air on Discovery Science Channel

“Open Source Money,” a documentary series on a crypto firm fully financed with cryptocurrency will air on cable television in the United States. According to an announcement on May 29, Discovery Science will air the documentary series about Disney-incubated blockchain company Dragonchain on July 4. The “Open Source Money” series was jointly produced by media …

MIT Group Funding Shows Growing Crypto Trading Interest

Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities. “It’s becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity,” FPG CEO John Peurifoy explained in a May 28 statement.  The funding goes toward expansion  …

Libra Will Allow Facebook to Spike Ad Prices, Zuckerberg Reportedly Says

The proposed Libra cryptocurrency will allow Facebook to increase ad prices, the social network’s CEO Mark Zuckerberg said at the annual shareholder meeting on Wednesday, according to Cnet.  At the event, Zuckerberg was reportedly asked how Facebook plans to profit from integrating Libra into its services.  Introducing a new cryptocurrency will make commerce more beneficial …