Burger King Is Allegedly Launching Its Own Cryptocurrency

  • Earlier this summer, Burger King Russia hinted that it might soon allow customers to pay for their ВОППЕР and БИГ КИНГ value meals with Bitcoin.
  • One Burger King location in Moscow reportedly allowed one customer to use Bitcoin to pay his bill, but rumors of a country-wide or (even Moscow-wide) rollout don’t seem to have gone beyond the internet speculation phase.
  • Although details of the Whoppercoin are sparse, Russian media outlets and cryptocurrency sites have reported that Burger King has produced one billion Whoppercoin so far, and additional coinage could be added in the future.
  • To collect Whoppercoin, frequent Burger King customers will scan their receipts with the Burger King app, and the still kind-of-imaginary currency will be deposited in their equally imaginary wallets.
  • MUNCHIES has reached out to Burger King Russia for comment and additional details about Whoppercoin and will update this story when it receives a response.

Sure, you’ve got some Ethereum, but can you use it to buy Whoppers? Better get some Whoppercoin.
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‘Blockchain technology will change the world’: Fidelity Labs SVP

'Blockchain technology will change the world': Fidelity Labs SVP

  • Stern is responsible for running Fidelity’s bitcoin, blockchain and digital currency incubator.
  • And regardless of whether bitcoin will survive, it could be like the Napster of blockchain technology, Stern said, where it is the first of its kind but the next products, in this case Spotify and Apple Music, get better and better.
  • “I do think [cryptocurrencies] will make things, whether it’s bitcoin or something else, faster and cheaper and create new products and services that we can’t even imagine,” Stern said.
  • While some critics are skeptical of how bitcoin is used, Stern said that banning the cryptocurrency would be like banning the web or open internet protocols.
  • Stern did emphasize though that Fidelity’s move does not mean their clients can make bitcoin transactions through their corporation, saying “we’re not necessarily making a judgment on bitcoin.”

“Blockchain technology will change the world” and bitcoin is “here to stay,” according to the man behind Fidelity’s research into cryptocurrencies.
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Bitcoin is exploding in Venezuela — but not for the reason you think

#Bitcoin is exploding in Venezuela — but not for the reason you think

  • Bitcoin is exploding in Venezuela — but not for the reason you think

    As Venezuela suffers its worst meltdown in history, with inflation skyrocketing and basic necessities running in short supply, many have taken to bitcoin mining in a bid to survive, according to a report in the current issue of the Atlantic.

  • Bitcoin mining works like this : Miners use computer hardware to perform complex computations that ultimately create each new link in the bitcoin blockchain — the massive, decentralized ledger technology that underpins the cryptocurrency.
  • The Atlantic explained that a Venezuelan user who can run several bitcoin mining devices can clear about $500 a month — that is considered a small fortune enough to feed a family of four and purchase vital goods such as baby diapers or insulin from overseas.
  • But authorities have begun cracking down on mining operations, according to the Atlantic.
  • Reading the full story about the rise of bitcoin mining in Venezuela here.

Venezuela’s subsidized electricity is allowing desperate users to mine bitcoin for their basic necessities, the Atlantic reports.
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Cash is useless in Venezuela thanks to hyperinflation — so people are turning to bitcoin

  • That’s because under President Nicolás Maduro, electric power is heavily subsidized to the point that it’s essentially free, the Atlantic said.
  • Bitcoin mining works like this: Miners use computer hardware to perform complex computations that ultimately create each new link in the bitcoin blockchain — the massive, decentralized ledger technology that underpins the cryptocurrency.
  • In return, they are rewarded with bitcoin.
  • One of the key requirements to mine bitcoin is to have a large supply of power.

Venezuela’s subsidized electricity is allowing desperate users to mine bitcoin for their basic necessities, the Atlantic reports.
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2 days to go – Jacobo – Medium

  • 2 days to goNew opportunities for journalists and media ownersYesterday we were able to share Diane Francis take on Hubii Network.
  • Today we are proud to announce another committed purchaser of the Hubii Network token — Nick Hugh, Chief Executive Officer of Telegraph Media Group.
  • This June 2017 Nick took on the role for CEO at the Telegraph Media Group.He says about Hubii Network:“I’ve spent a lot of my career developing technology-based revenue streams and I’m naturally very interested in new solutions that help further the development and distribution of quality journalism.
  • The Hubii network approach to content quality and distribution promises to create new opportunities for journalists and media owners alike.
  • Hubii Network is designed with the content creator in mind — but we know that distribution is key and are thus glad to have an expert in both technology and journalism explore our solution.

Yesterday we were able to share Diane Francis take on Hubii Network. Today we are proud to announce another committed purchaser of the Hubii Network token — Nick Hugh, Chief Executive Officer of…
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Nestle, Unilever, Tyson and Others Team With IBM on Blockchain

MT: @IBM Food supply chain firms inc @Nestle @Unilever + Tyson team with IBM on #blockchain

  • CHICAGO/NEW YORK, (Reuters) – Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday.
  • Blockchain, which first emerged as the system underpinning cryptocurrency bitcoin, is a shared record of data maintained by a network of computers, rather than a trusted third party.
  • A total of 10 companies said they will share data and run trials with IBM, including Kroger Co, Dole Food Company Inc [DFCI.UL], McCormick & Company Inc, Golden State Foods Corp [GSFDP.UL], Driscoll’s Inc and Berkshire Hathaway’s McLane Co.
  • Wal-Mart Stores Inc also is participating and has worked with IBM since October to track the movement of food products.
  • “It is not just about building the technology, it is about building the ecosystem,” Brigid McDermott, vice president for blockchain business development at IBM, said.

Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday.
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IBM partners with Nestle, Unilever and other food giants to trace food contamination with blockchain

  • IBM has been joined by a group of global food giants including the likes of Nestle, Unilever and Walmart in an effort to reduce food contamination by using blockchain.
  • The corporation announced Tuesday that it would enable global food businesses to use its blockchain network to trace the source of contaminated produce.
  • One in ten people succumb to illness every year due to contaminated food, according to the World Health Organization.
  • Earlier this month a summit was called by the European Union’s food safety commissioner, after a contamination scare over eggs infected with the pesticide fipronil.
  • IBM said that the problem of consumer health suffering at the hands of toxic food could be solved using its distributed ledger technology, which maintains a digital record of transactions rather than a physical one.

IBM has been joined by a group of global food giants including Nestle, Unilever and Walmart in an effort to reduce food contamination by using blockchain.
Continue reading “IBM partners with Nestle, Unilever and other food giants to trace food contamination with blockchain”

IBM partners with Nestle, Unilever and other food giants to trace food contamination with blockchain

  • IBM has been joined by a group of global food giants including the likes of Nestle, Unilever and Walmart in an effort to reduce food contamination by using blockchain.
  • The corporation announced Tuesday that it would enable global food businesses to use its blockchain network to trace the source of contaminated produce.
  • One in ten people succumb to illness every year due to contaminated food, according to the World Health Organization.
  • Earlier this month a summit was called by the European Union’s food safety commissioner, after a contamination scare over eggs infected with the pesticide fipronil.
  • IBM said that the problem of consumer health suffering at the hands of toxic food could be solved using its distributed ledger technology, which maintains a digital record of transactions rather than a physical one.

IBM has been joined by a group of global food giants including Nestle, Unilever and Walmart in an effort to reduce food contamination by using blockchain.
Continue reading “IBM partners with Nestle, Unilever and other food giants to trace food contamination with blockchain”

Walmart, Kroger, Unilever try IBM blockchain for food data

  • IBM (IBM) has convinced a slew of big-name grocers and consumer brands to try blockchain, the technology that originated with the digital currency Bitcoin in 2009 but is now being applied in a number of business contexts that have nothing to with Bitcoin.
  • Walmart (WMT), Kroger (KR), Unilever (UN), Nestlé, Dole (DOLE), Tyson Foods (TSN), Golden State Foods, and McCormick (MKC) have all joined the collaboration to use IBM blockchain to track food shipments and monitor food safety, IBM announced on Tuesday.
  • This is the second blockchain trial Walmart has done with IBM; the first, nearly a year ago, was to track shipments of pork in China.
  • But if IBM is to be believed, shoppers will benefit from it, because the use of a blockchain to track the shipment and supply chain can “trace contaminated product to its source in a short amount of time and ensure safe removal from store shelves,” according to a press release.
  • But the IBM blockchain, and the blockchains that many financial institutions are building, are slightly different: permissioned, closed, and is a new style of blockchain, and it’s permissioned, and it’s good, and it works,” says Cuomo.

Walmart, Unilever, Nestle, Kroger, Dole, Tyson Foods, and McCormick are all on board with a new IBM blockchain initiative to track shipment data and food safety information over a blockchain.
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