The government of South Korea is considering a local hemp regulatory-free trade zone and is looking to manage the production of hemp by employing blockchain technology. Tracking Hemp Production With Blockchain According to a report by Newspim on Tuesday (July 7, 2020), the Andong region in the Gyeongbuk Province became a ‘Special Industrial Hemp Free...Read More
Kenya’s local cryptocurrencies are helping communities survive the coronavirus crisis. One example is the recently-launched Sarafu, which is used alongside the Kenyan Shilling to make payments locally. Crypto Industry is Not Only About Speculation The cryptocurrency market is normally discussed from the perspective of investment opportunities. However, many coins and tokens have a real utility...Read More
Blockchain utilization is continuously rising in various countries across the world, a recent report revealed. It outlined that US-based companies have been awarded the most substantial number of patents for blockchain endeavors, but the Chinese multinational giant Alibaba is the single entity to receive the most. Blockchain Patents Across The Map The report from the...Read More
Bolt Labs announced today that it plans to integrate its off-chain Bitcoin private payments protocol called zkChannels to the Tezos blockchain. The company is working with teams at Nomadic Labs and Metastate to complete the integration via an amendment proposal to be done by 2021. zkChannels To Build On Tezos Originally called BOLT, zkChannels v1...Read More
SYNQA, the parent company of the OMG Network, recently announced successfully raising $80 million in a Series C funding round lead by SCB 10x and venture capital group SPARX. At the same time, the price of OMG has experienced a sudden increase of nearly 11% in the past few hours. OMG Network’s Parent Company Raises...Read More
More companies are utilizing blockchain, reveals a recent study compiled by the multinational professional service network Deloitte. Interestingly, the Asia-Pacific region appears to be leading on the matter with the most use cases employing the distributed ledger technology (DLT). Blockchain Matures Deloitte surveyed nearly 1,500 senior executives and practitioners from large companies from 14 countries,...Read More
By Surojit Chatterjee, Chief Product Officer At Coinbase, we believe a thriving and open ecosystem is necessary for the promise of crypto to be realized, ultimately leading to our vision of more economic freedom for the world. As early as 2016, the Coinbase Secret Master Plan stated our commitment to the open source communities around crypto...Read More
Blockchain technology has been touted as the technology of the future. Several years into this optimistic outlook, real-world adoption of distributed ledgers remains at a low. That doesn’t necessarily mean that blockchains aren’t going to be used on a broader scale, though. Blockchain Remains of Great Interest If a survey by Deloitte is to be...Read More
Ren, the open-source protocol enabling permissionless and private transfers of value between any blockchain, launched its mainnet and a dApp utilizing it within a few weeks. Interestingly, the protocol’s native cryptocurrency REN has gained more than 40% of value in the same period. Ren Launches RenVM Mainnet The blockchain-based company announced the release of its...Read More
€100 million Venture Capital fund focused on blockchain investments called Meta Change Capital (MCC) was launched today. The London-based V.C. fund will focus on investing in the blockchain sector, primarily in underdeveloped markets. €100M V.C. Fund To Invest In Blockchain The people behind the V.C. fund are Nikola Stojanow and Luka Sucic. Stojanow is an...Read More
The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction fees continue to drop after reaching yearly-high following the 2020 halving. BTC Average Transaction Time Plunges Data provided by Blockchain.com shows that the average time needed for a BTC transaction to be included in a...Read More
Transaction fees affecting different cryptocurrency ecosystems in unique ways. For Ethereum, its gas used – based on a 7d moving average – has reached a new all-time high. Every service or application built on top of Ethereum utilizes gas to operate. Ethereum Gas Usage Rises Swiftly Additionally, all regular users also pay transaction fees in...Read More
The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address the growing issue of misleading information in the online space. NYT Turns To Blockchain For Validating Info In its recent report, the NYT outlined the problem of misinformation, primarily when it comes down to pictures...Read More
Well-known cryptocurrency proponent John McAfee recently announced an upcoming encrypted chat application dubbed TeleGHOST. Based on the GHOST blockchain, it will allow full integration with the widely-utilized encrypted messaging app – Telegram. McAfee Announces TeleGHOST Chat App The former antivirus software tycoon posted on Twitter the details regarding the new encrypted chat app that will...Read More
Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration. Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview. Trump’s Head...Read More
The American multinational technology company Microsoft Corp. has launched a beta version of its open-source, decentralized identifiers (DIDs) network on Bitcoin’s mainnet. Called ION, it’s designed to bring back the control of personal information from centralized entities to individuals. Microsoft’s DID Employs Bitcoin’s Network The tech giant explained its decentralized identifiers as a technical component...Read More
The popular blockchain company for capital markets, tZERO, has recorded its strongest month in May 2020 as its alternative trading system (ATS) transacted over 400,000 digital securities. Interestingly, the stock price of the parent company Overstock has increased with over 9% since the announcement from tZERO. tZERO Continues Growing Overstock announced last month that it...Read More
The TRON Foundation is entering a new phase of its development with the upcoming launch of the fourth network version named TRON 4.0. Merely weeks before the project says goodbye to the current Odyssey consensus and welcomes the “Great Voyage era,” TRON will also celebrate its second “independence day” at the end of the month....Read More
Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow. The “Feepening” Ethereum Vs. Bitcoin According to information from the cryptocurrency data company...Read More
Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies. At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts. Coinbase To Sell Analytic Software To Government Agencies? The public records link the...Read More
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
Chinese Blockchain giant Neo will collaborate with the Korean-based project FLETA on the launch of a clinical trial data registry platform based on blockchain technology. Blockchain Technology in the Medical Field The clinical trial data registry is up to the test to make things easier and more secure, addressing eventual data manipulation in the medical...Read More
In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of...Read More
The latest debacle of social media giant Twitter flagging tweets of the US President Donald J. Trump resulted in the draft of an executive order on Preventing Online Censorship. If anything, this highlights one of the core principles behind Bitcoin’s technology – censorship resistance. Twitter Flagging President Trump’s Tweets The riots in Minnesota’s largest city,...Read More
The Chinese People’s Political Consultative Conference(CPPCC), the advisory body of the Republic of China, recently emphasized the need for the adoption of the blockchain technology in various sectors in the country. China is one of the countries to be recognized as one of the fast countries to adopt blockchain technology and implement it in various...Read More
In the cryptocurrency space, there are a lot of different opinions on stablecoins. Vitalik Buterin sees some merit in these assets, although they may not find their core niche in their current state. The stablecoins currently on the market seem to struggle quite a bit. Stablecoins Need to Keep Evolving Only Tether’s USDT is effectively...Read More
The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report. Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite...Read More
The ongoing drama involving the Steem project is seemingly not coming to an end just yet. Binance’s involvement in this entire matter is also raising a lot of eyebrows, and may hurt the company’s reputation in the long run. It is evident that Steem underwent yet another hard fork. Binance Gets its Share of Steem...Read More
Ever since the Steem blockchain split into two separate camps,there has been plenty of controversy to go around. A recent plan to prevent roughly $5m in tokens from being seized was initiated, but the effort fell short in the end. Not a week goes by without Steem making some sort of headline.for all the wrong...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
