KT, the South Korean telecom company, is selected by the Korean government to issue a local blockchain-based currency in Busan. ‘Dongbaekjeon’, with annual issue amounting to 300 billion WON is a blockchain-based local currency. This currency is reported to go live on Dec 30, 2019, as per a local news report. Further, the report claims...Read More
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ ECB Report Explores Anonymity in Central Bank...Read More
DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, and available to anyone with a smartphone. That’s why for this winter’s hackathon, we focused on bringing DeFi to the world. Hackathons are a critical part of Coinbase’s culture. They’re a great opportunity for anyone to pursue...Read More
Social media giants are no longer opposing the power of decentralization and bitcoin technology. Instead, they are embracing it to solve the problems of a centralized Internet and put the power back in people’s hands. Bitcoin Decentralization ‘could unload some of their burdens.’ Since Bitcoin’s inception, many in the financial and technology sectors saw Bitcoin...Read More
Kraken Exchange, one of the top 5 exchanges as per CoinGecko has acquired Circle’s OTC Desk as per its blog post. The post reads ” Kraken is acquiring one of the most recognized OverTheCounter desks in crypto, Circle Trade. ” Through this acquisition, Kraken exchange plans to provide support trading partners globally, especially in Asia....Read More
India has embraced blockchain technology and many tech-based companies have found use-cases for this decentralized and distributed digital ledger. Infosys, one of India’s premier technology services and consulting firms, announced on 18 December the launch of three comprehensive blockchain-powered distributed applications for government services, insurance, and supply chain management domains. The company defined these three...Read More
Pakistan President Dr. Arif Alvi expressed his concerns in a meeting of the Taskforce on Emerging Technologies here at the Aiwan-e-Sadr. As per his statement, the emerging technologies of Blockchain, Internet-of-Things(IoT’s), Artificial Technology, etc. will disrupt the economy. The quotes says “Beware of Blockchain”. He further urged that the country should prepare itself for digitization...Read More
Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...Read More
The push for cryptocurrency and blockchain global adoption is on the rise, and 2019 has been quite innovative for the two emerging technologies. As we engage the overdrive gear into 2020, it’s important to recognize the presence of notable cryptocurrency influencers who are constantly working to ensure that this industry gets better going forward. But...Read More
Accenture, with its brand name in digital technology, has turned towards blockchain to enhance global trade experience for its customers. The company has partnered with the Dublin-based distributed ledger technology company TradeIX as per a Tuesday announcement. The current trade finance process involves a lot of paperwork and is tedious to do. TradeIX plans to...Read More
The crypto liquidating firm Sibex has partnered with New York-based cryptocurrency company Paxos to allow gold trading on the blockchain. The goal of this partnership is to improve peer-to-peer (P2P) over the counter (OTC) trading for physical gold. Paxos offers PAX Gold, a digital asset-backed by digital gold. Daniel Haudenschild, CEO of SIBEX, commented: “As...Read More
Companies such as R3 are leveraging blockchain technology in the finance industry. Its latest trial seemingly resulted in completing the largest open-account finance trial on the Corda platform. It has been a while since R3’s Corda platform generated any real headlines. R3 and Corda Complete a Major Trial Despite that aspect, a lot of development...Read More
Industries across different domains have tried to deploy blockchain technology meaningfully in their businesses in a bid to eliminate redundancies and reduce time and risk. In a recent development, India’s largest IT services company, Tata Consultancy Services [TCS], has announced that its Quartz DevKit, a blockchain app development kit, is available for enterprises to build...Read More
China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent...Read More
As Bitcoin has stalled, so too has the second-largest cryptocurrency, Ethereum (ETH). The popular altcoin has collapsed by some 50% from the year-to-date peak seen earlier this year just like Bitcoin, being crushed under the weight of a copious amount of PlusToken reserve liquidations and other sources of selling pressure hurting bulls.Despite the strong downtrend...Read More
On December 3, the crypto software firm Bloxroute’s cofounder, Eyal Markovich, announced the launch of the startup’s Blockchain Distribution Network (BDN) Version 1. Markovich explained that the BDN V1 release is a milestone for the company and the scalability service aims to enable exponential blockchain scaling by propagating blocks and transactions faster. Also Read: 23...Read More
The number of billionaires holding Bitcoin continues to grow. The latest magnate to go public with his BTC purchase is the philanthropist Bill Pulte, who now wants to promote the benchmark crypto’s adoption. Billionaire Bill Pulte: “Cryptocurrency can help the world’s poorest.” Bill Pulte is the head of Pulte Capital Partners, one of the directors...Read More
Another week, another round of Crypto Tidbits. Bitcoin, again, saw an effectively flat week, losing a few percent in the past seven days (which isn’t much in the grand scheme of things), according to the latest data from Coin360. Altcoins have posted similar results, with a majority of cryptocurrencies shedding a percent or two, just around...Read More
If you’ve perused Crypto Twitter at all over the past few months, you’ve likely heard the term “decentralized finance” or “DeFi” tossed around in relation to Ethereum, the second-largest blockchain by the market capitalization of its cryptocurrency.While some see it as a joke, a tokenized home — yes, an entire property — was purported to...Read More
Open-source funding in the cryptocurrency ecosystem can be extremely challenging, so well placed grants therein can make a huge difference. That’s why the Square Crypto initiative just went to bat for one talented developer, giving that dev a grant that will help them work full time on the Lightning Network, the proposed second-layer scaling solution...Read More
BC: With over 2 million users in 170 countries, the BRD wallet is well-trusted for its open source, non-custodial and secure design, with many also complimenting the user-friendly interface. Is the key to onboarding in your opinion a combo of privacy and ease of use? AT: Nearly 3 million users now. The key to successful...Read More
“Blockchain, not Bitcoin.” This rallying cry became a hallmark of the 2017 market boom and continued to reverberate in the subsequent cryptocurrency bear market. Entrepreneurs and institutions from every corner of every industry tried to shoehorn blockchains into use cases for everything from pharmaceuticals to bananas. “Just slap a blockchain on it,” the idea went,...Read More
“It has been a year of success, but something not talked about enough in cryptocurrency is what it takes to build a business,” said Philip Gradwell, the chief economist at blockchain forensics firm Chainalysis, on the latest episode of the Bitcoin Magazine Podcast. “We provide software for compliance and investigations, but underneath it all, we’re...Read More
Twitter and Square CEO, Jack Dorsey, has just announced that Twitter is funding a small independent team to develop an open and decentralised social media standard. The ultimate aim is for Twitter to then be a client of this new standard. Dorsey Brave New World Dorsey described the plans in a tweet thread earlier this morning, and...Read More
The US Patent Office has granted a patent to the sportswear brand, Nike, to produce a blockchain-based sneaker “CryptoKick”. Nike stated that it intends to generate unique ID’s for each sneaker and tokenize them. Moreover, The tokens would be ERC721, Ethereum based. “When a consumer buys a genuine pair of shoes, a digital representation of...Read More
Chicago, IL – Dec 3, 2019 – bloXroute Labs, a technology start-up that built a Blockchain Distribution Network (BDN) to allow blockchains to scale, announced today the official launch of BDN Version 1. The launch follows several successful bloXroute network tests including their ETH Mining Test, Bitcoin Cash Miner Test, and Akomba Labs Test that showed the benefits of an optimized blockchain network infrastructure....Read More
Banks around the globe are looking to experiment with innovative technology. Primarily Japanese financial institutions are eager to experiment with blockchains. It is for that specific reason several dozen institutions will become part of JPMorgan’s DLT network. More Blockchain Exploration in Japan Japan is a country where blockchain ventures in the financial sector are not...Read More
Students who choose to buy custom essays complete all their tasks without any stress. They have to work hard and choose the right kinds of subjects. Many people who work in the industry of blockchain know that it is one of the best career options they have made. Bitcoin started gaining popularity in 2009 and...Read More
China’s Center for Information and Industry Development has published its year-end crypto project rankings. Thirty-five projects were evaluated and ranked overall as well as in three separate categories. Bitcoin has risen in ranking while EOS remains China’s favorite. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Year-End Crypto Rankings The Center...Read More
In an effort to further establish itself as an emerging fintech and crypto hub Lithuania will be issuing the world’s first collectible crypto coins. The commemorative issue coin is dedicated to the 1918 Act of Independence and will feature its 20 signatories. Crypto-Friendly Lithuania The Bank of Lithuania is expected to issue these world-first digital...Read More
