CEO and co-founder of Blockstack, Muneeb Ali published an earnings model in a blog today that outlined how STX holders can estimate potential earnings when Stacks 2.0 launches on mainnet. Ali added that Stacks 2.0 will continue to use the proof-of-transfer (PoX) consensus protocol, currently in use on its testnet version. Moreover, the POX algorithm...Read More
The Electric Vehicle Grid Integration (EVGI) Working Group of the Mobility Open Blockchain Initiative (MOBI) has developed and launched a global standard for the automotive industry integrating blockchain into a decentralized vehicle charging system. The statement clarified that the standard will initially focus on three main use case areas: peer-to-peer (P2P) applications, tokenized carbon credits...Read More
Solana, which offers scalable solutions to decentralized applications, today announced the launch of its cross-chain bridge, dubbed Wormhole, which connects ETH and ERC-20 tokens to the Solana blockchain’s SPL tokens. Wormhole bridge will allow DeFi developers to move tokenized assets “trustlessly” across blockchains, taking advantage of Solana’s “speed and cost” which the firm claimed was...Read More
The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds. Within the first two weeks of operations, the blockchain-based platform has issued a total of $1.6 billion of such bonds. The announcement from the International Business Machines (IBM) Corporation reads that...Read More
While most of the excitement around blockchain comes from its use in cryptocurrencies, designers are beginning to find interesting ways to solve system problems using blockchain and other forms of distributed ledger technology (DLT). The most commonly used data structure for distributed ledgers is the blockchain. With its features providing distributed and trusted data using...Read More
Scaling project SKALE Network, which aimed to ease traffic and lower transaction costs on the Ethereum blockchain, today announced the launch of its Phase 2 mainnet according to a release emailed to AMBCrypto. The mainnet has an estimated capacity of over 1,000 decentralized elastic SKALE chains, each with a throughput of the entire ETH Blockchain...Read More
The IOTA Foundation announced the launch of IOTA Access, an open-source DLT framework for building policy-based access control systems and enabling pay-per-use functionalities at the edge. IOTA Access, a project which was three years in the making, is designed to bring fine-grained access control to any machine, device, or building without relying on a centralized...Read More
Twitter chief Jack Dorsey is not letting up on his Bitcoin (BTC) and blockchain evangelism, describing the novel tech as the future of the microblogging platform. Twitter on the Blockchain Appearing at the Oslo Freedom Forum 2020, Dorsey remarked: “Blockchain and bitcoin point to a future, and point to a world, where content exists forever,...Read More
Members of the Young Entrepreneurs Network Africa in Nairobi, Kenya are developing the YENTS stablecoin, a native token of the entrepreneurs’ Network which is expected to launch in November this year, according to the report. YENTS token will be pegged to the Kenyan shilling or equivalent US dollar amount, on a one to one basis,...Read More
Decentralized storage network, Filecoin today announced that it has started its pre-mainnet phase, coined as ‘Mainnet Ignition’ and that the Filecoin community has a “few weeks” left to initialize, set up systems, and optimize deployments. According to the release, Filecoin is expected to launch its mainnet between Oct 19 -23. 3…2…1… Countdown to liftoff! Filecoin...Read More
Samsung SDS, the IT arm of the South Korean multinational business Samsung group will begin testing a blockchain-powered distribution system that will offer better management of pharmaceutical drugs, according to a local news source, Yakup. The pilot project which is called ‘Disruptive innovation technology for tracking drug distribution history’ will be rolled out in November...Read More
The popular blockchain company Tezos has become the last integrated network into China’s ambitious Blockchain-based Services Network (BSN). Developers can employ the Tezos protocol through BSN’s global public city nodes and portals for a “simplified development and deployment experience.” All three global public city nodes, namely Hong Kong, California, and Paris, have integrated with the...Read More
In an attempt to provide more clarity on regulations to crypto firms, European Commission released a document titled The Digital Finance Package that included digital finance and retail payment strategies, according to an announcement today. This would be the first time that the EC has proposed detailed legislation on cryptocurrency assets. The future of finance...Read More
After a failed (but not regretted) attempt, Thesis, the blockchain development company behind Keep Network, has just released the new version of tBTC. tBTC is simply Bitcoin tokenized in the Ethereum blockchain as an ERC20 token backed by the original Bitcoin. The initiative might seem like another one of the many projects that seek to...Read More
China needs the advantage of the first issuer of digital currency and the first nation to come up with its digital asset, PBOC’s China Finance magazine article states. A New “Battlefield Of Competition” On The Rise According to an article published in China Finance, a magazine run by the People’s Bank of China (PBOC), cited...Read More
Multiple mining groups in China have announced that they will fork Filecoin’s blockchain as they claimed to be dissatisfied with mining rewards, according to a report in Sohu.com, a Chinese media company. Moreover, the announcement has come just weeks before Filecoin’s mainnet launch in October. With regard to the fork announcement, Weiping Han, Chairman of MIX...Read More
Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payments cheaper and quicker according to two EU documents received by Reuters today. According to the report, this move from the European Commission was a...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Since its launch in May, Polkadot (DOT) announced the establishment of its ‘Treasury’ which is a new decentralized platform to fund projects according to a press release shared with AMBCrypto today. Polkadot Treasury, which is said to be a pot of funds collected through transaction fees, slashing, and staking inefficiencies, will be run by a...Read More
IOHK, announced in a blog today that it would offer $250,000 in public funding to Project Catalyst which is an experiment to get more developers to build decentralized applications or dApps on the Cardano blockchain. Moreover, users who hold Cardano’s native crypto, ADA would be able to submit their ideas, collaborate, vote and award funds...Read More
Bank for International Settlements (BIS), which is an international financial institution owned by central banks posted a job announcement today that stated a requirement for a “host” of blockchain experts to join the BIS Innovation Hub. Daydreaming about creating your own currency? Join the #BISInnovationHub, and make it happen #blockchainjobs #cryptojobs #CBDCs #blockchain #DLT https://t.co/5xqatNVt3C...Read More
San Francisco-based Bitcoin and cryptocurrency exchange, Kraken today announced that U.S state of Wyoming approved Kraken’s application to form Kraken Financial which would allow it to provide seamless banking services between cryptocurrencies and fiat for Kraken clients in the U.S. This move would make Kraken Financial the world’s first Special Purpose Depository Institution (SPDI) based...Read More
Germany-based video game company CipSoft has released a game that fully operates on the Litecoin blockchain and does not have a central server according to an announcement published on twitter today. Named LiteBringer, the online role-playing game is similar to CipSoft’s first video game Tibia which involves fantasy characters, difficult quests and rewards. In LiteBringer though,...Read More
Residents in the US state of Georgia can now register on the Binance.US cryptocurrency exchange which will function under the state’s regulatory requirements, according to a company announcement published today. 🍑 https://t.co/AZwoBOy3iq is now live in Georgia 🍑 Georgians can start registering & trading today! — Binance.US 🇺🇸 (@BinanceUS) September 15, 2020 This move comes...Read More
Decentralized data network startup Bluzelle will provide its decentralized storage services to developers who will build on Polkadot’s DeFi ecosystem, a flagship project of the Web3 Foundation, according to a press release shared with AMBCrypto today. Furthermore, Bluzelle’s distributed storage project will integrate with Parity’s Substrate framework as well. As per the release, Polkadot’s integration...Read More
Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post Bitcoin ads that would educate locals about the merits and risks of the premier cryptocurrency. According to the release, these Bitcoin ads will be displayed on three Bitcoin-themed doubledecker trams. Besides...Read More
Jack Dorsey’s financial services company Square has established a non-profit organization called Cryptocurrency Open Patent Alliance (COPA). Working independently from Square, the entity aims to ensure open access to blockchain technology in the digital asset sector and fight patent trolls. Square Creates COPA According to Square’s announcement, COPA aims to stop companies within the cryptocurrency...Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Politicians in the Swiss senate passed a new set of financial law reforms on Thursday, September 10. The “blockchain act” will provide a clear legal framework regarding cryptocurrency trading and how it relates to securities laws, according to a new report. The proposed legal reforms were agreed upon unanimously by the Swiss House of Representatives...Read More
Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply with local and global regulations. With regard to this partnership, Chainalysis said it would also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts...Read More
