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Crypto news in brief (November 10, 2018): Binance Research, Seagate, IBM, TradeLens, South Korea, Erik Voorhees

November 10, 2018 By Crypto Reporter

– Binance launches an analysis division, Binance Research
– Seagate will use IBM Blockchain Platform to reduce global hard drive counterfeiting
– The port of Valencia has joined a blockchain-based supply management system developed by IBM and Maersk
– South Korean government will invest $35 million in blockchain development next year
– Erik Voorhees said that the growing US debt will inevitably cause a big spike in crypto

The world’s largest cryptocurrency exchange Binance launched an analysis division, Binance Research, to conduct institutional-grade research reports with the aim of “increasing transparency and improving the quality of information available within the crypto space”.

***

Seagate, a world leader in data storage solutions, will use IBM Blockchain Platform to reduce global hard drive counterfeiting.

***

The port of Valencia, one of the largest in Europe, has joined the TradeLens platform, a blockchain-based supply management system developed by IBM and Maersk.

***

Next year, South Korean government will invest $35 million in the development of blockchain technology industry. This is three times more compared to 2018.

***

ShapeShift CEO Erik Voorhees said that the growing US debt, hovering around $21.7 trillion in November 2018, will inevitably cause a big spike in crypto.

“When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back, and thus must print it instead, and thus fiat is doomed… watch what happens to crypto,” tweeted Erik.

Filed Under: General News, News Tagged With: Binance, cryptocurrency, Erik Voorhees, IBM, news, news in brief, Seagate, South Korea, TradeLens

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