IMF Warns Malta on “Significant Risks” of Crypto Growth

The International Monetary Fund (IMF), has sent a warning to Malta, saying that the country was adopting blockchain and cryptocurrency too fast. According to the organization, this could lead to “significant risks” concerning terrorism financing and money laundering. Maltese Financial Assessment The statement comes after IMF made a financial assessment of the blockchain friendly country. […]

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Levi Strauss and Harvard to Trial Factory Safety on Blockchain

Levi Strauss, the giant denim brand, has partnered up with Harvard to look into the possibility of blockchain being used for factory health and safety data recording. Three Factories Globally, the Health Safety and Environment (HSE) department in companies are heavily involved in ensuring working conditions are safe for employees. Levi Strauss will be using […]

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Leaked Samsung S10 Pictures Show to have Crypto Wallet

A U.S. technology related publisher has revealed what he claims to be a picture of upcoming Samsung S10 with a crypto wallet. Samsung Blockchain Keystore The images have been leaked by Benjamin Geskin, a man who has the reputation of a serial mobile leaker by a website that is dedicated to inform about Apple related […]

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Cryptocurrencies Deserve Finding “Sustainable Future in Economy”: NASDAQ CEO

CEO of NASDAQ, Adena Friedman, has said that cryptocurrencies should be given “an opportunity to find a sustainable future in our economy” Cryptocurrency Crossroads Adena’s remarks came a couple of days before her appearance and speech at the World Economic Forum. Praising cryptocurrencies as “the invention itself [as] a tremendous demonstration of genius and creativity”, […]

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Brazilian Expert: Blockchain Offers “Greater Proximity Between Doctors and Patients”

According to a Brazilian software expert, Blockchain allows for “greater proximity between doctors and patients”. Blockchain’s Medical Impact The greatest impact blockchain has made since its inception is the financial sector. Its speed, ease of transfer, efficiency and always online characteristics make it the perfect tool. However, the technology will make its biggest impact in […]

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UN Report: “Cryptocurrencies Represent a New Frontier”

The United Nations (UN) end year report has mentioned cryptocurrencies, particularly Bitcoin by name, as the “new frontier” that have the ability to radically change the financial systems worldwide. UN’s ClimateCoin The end of the year report is an annual document published by the United Nations that outlines issues being faced by the world and […]

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Blockchain Based Supply Chain in Consideration by SEAT Automotive

Automobile manufacturer SEAT announced its plan to use blockchain for its supply chain. Automotive Blockchain Consortium The Spanish automobile manufacturer intends to use the decentralized technology for vehicle parts in its supply chain by partnering with local telecom giant, Telefonica. SEAT is also joining a consortium of different companies that are pooling their blockchain capabilities […]

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WordPress Launching Blockchain Based Platform

WordPress will be launching a new blockchain based news platform with the help of Google and Consensys. Newspack from WordPress The new platform will be called Newspack and will be aimed to offer technical support to small and medium level news organizations. The platform will have blockchain based features, thanks to Consensys. Specifically, the options […]

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WWF Australia To Track Food with Blockchain

World Wildlife Fund Australia (WWF Australia), will be using blockchain for food supply chain purposes. This was announced by the organization through a tweet on 17th January. Partnering Supply Chain WWF Australia partnered up with BCG Digital Ventures, a investment division of the Boston Consulting Group, to create the blockchain platform. Dubbed OpenSV, the platform […]

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Russian Prime Minister Says 2018 Not A Reason to Bury Crypto

Russian Prime Minister, Dimitry Medvedev, has said the bearish market of 2018 does not mean we should bury crypto. Bright and a Dark Side The Prime Minister expressed his remarks at Gaidar Forum. The forum is an annual international scientific gathering that focuses primarily on economics and how science and technology can help it. Dimitry […]

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Bulgaria Imposes Taxes on Cryptocurrency Gains, Seeks 10%

Government of Bulgaria has imposed a 10% tax on crypto gains. The National Revenue Agency (NRA) has investigated and decided to put the tax on profits generated by investors and traders. Traditional Regulations In a very plain move, the government has set a tax that follows the same principles as that of traditional taxation of […]

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IBM Announces 2 Blockchain Projects with LG and Ford to Fight Child Labor

IBM plans to fight child labor through 2 blockchain supply chain projects with LG and Ford. Both projects are related to metal mining and refining, with the metals being eventually used for different components in the electronics and vehicle companies. Metal Tracking One of the blockchain projects will track the metal cobalt that will be mined […]

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Spanish Power Company Iberdrola Uses Blockchain for Renewable Energy Tracking

Iberdrola, a major Spanish power company, has turned towards blockchain for tracking renewable energy, reports Europa Press. Renewable Power to Banks The trial was conducted with the cooperation of a local bank, Kutxabank. The bank in based in the Basque Autonomous Community of the country. The bank has a significant ownership of Iberdrola and its […]

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HSBC Performed USD 250 Billion in Forex Transaction Using Blockchain in 2018

An astounding USD 250 billion have been settled through blockchain by HSBC, a press release in the Financial Times show. HSBC FX Everywhere The blockchain platform, named FX Everywhere, had been developed by the banking giant for settling forex trades. HSBC used nearly 3 million transactions for the declared transacted amount. Nearly 150,000 payments have […]

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Dormant Bitcoin Whale Wallets Getting Active: Another Crypto Crash Imminent?

Data indicates that a huge volume of Bitcoin whale wallets are active. The active wallets in the last month only represent around 60% of the total BTC in circulation today. Whale Sighting Bloomberg says data from Flipside, a crypto analytics firm, indicates that the active trading of Bitcoin (BTC) has increased significantly in since last […]

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Anonymity Be Gone: China Issues Registration for Blockchain Companies

China has introduced new anti anonymous regulations, requiring blockchain companies to register with the Cyberspace Administration of China (CAC). Healthy Blockchain Industry The document released by the CAC says the new rules are being enforced to ensure a healthy development of the blockchain industry in the country. The CAC has declared any firm that has […]

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Mongolia’s Capital Turns to Stable Coin for Instant Money Transfers

Mongolia’s Capital, Ulaanbaatar, will be using a stable coin for instant money transfers and lending services. Trialing Stable Coin The Ulaanbaatar’s administration has partnered with a South Korean blockchain firm that issues the stable coin, Terra. The city’s administration hopes to use the stable coin for payments such as utility bills and government subsidies. The […]

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NASA Proposes Air Traffic Management Through Blockchain

NASA, the aerospace administration of U.S. announced a method of air traffic control through blockchain technology on its website. Secure Air Traffic Services The proposal by NASA employs a public blockchain that would enable a private, anonymous and secure communication for air traffic services. According to NASA, “This framework features certificate authority, smart contract support, […]

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Telenor Pakistan Starts Remittance Services Using AliPay’s Blockchain

In a press release to the Business Wire, Telenor Pakistan has announced that it has launched remittance services to the country through blockchain technology of AliPay. Telenor EasyPaisa Telenor Pakistan is a subsidiary of the telecom giant Telenor. Apart from communication services, it is offering micro banking and transaction services in the country. The micro […]

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5 More Banks Join Ripple Network

An announcement made by the Ripple network says that 13 financial institutions, of which 5 are banks, have joined their network. 200 XRP Users With the 13 addition to the network, the total institutions now using the RippleNet have crossed the 200 barrier. In the press release, Ripple mentioned 5 of the institutions, Euro Exim […]

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Brazil Residents Turn to Physical Vaults for Cryptocurrency Safety

Brazil residents are now using physical vaults to keep their cryptocurrencies safe, a local newspaper, Folha reports. Out of a Movie With cryptocurrencies appreciating many folds over the last few years, theft of the digital assets is on the rise. Thieves are getting more daring in their attempts, with many leaving the realm of the […]

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Texas to Declare Stablecoins as Money

According to Texas law, stablecoins may be declared as money, according to the new guidance from the state’s Department of Banking. Fiat Backed. The new guidance comes from a memo published by Charles Cooper, the Texas Banking Commissioner. In the memo, he outlined how cryptocurrencies should be treated under the state laws, especially stablecoins that […]

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Dublin’s Tram Website Hacked. 1 Bitcoin Demanded by Hacker

1 Bitcoin, that’s the demand of the hacker who had taken down Dublin’s Tram website. 5 Days to Pay Bitcoin During the hack, visitors were shown a message by the hacker, “you are hacked. Some time ago I wrote that you have serious security holes you didn’t reply. The next time someone talks to you, […]

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Thailand Now Has Blockchain Tech for Its Elections

Thailand’s National Electronics and Computer Technology Center (NECTEC) has completed development of blockchain based election voting system. This was reported by the Bangkok Post, a leading daily news outlet in the country. Reduce Election Fraud The NECTEC, a division under the Ministry of Science and Technology, announced the development and is looking for small scale […]

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Abkhazia’s Government Slashes Power to 15 Crypto Mining Farms

The government of Abkhazia has cut off power to a total of 15 crypto mining farms just as the year ended. 1800 Households The state power company, Chernomorenergo RUE used its Facebook page to make the announcement. According to the update, the company will be cutting power to 15 crypto mining farms. The total consumption […]

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India Scraps Plan for a National Cryptocurrency Amidst Confusion

India is in the crypto highlight, once again, with it dropping plans for a national cryptocurrency. Too Early The revelation was made by the Hindu Business Line, a local business news portal. The very first day of the new year has not brought good news for digital currencies in the biggest democracy in the world. […]

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U.S. DoD Exploring Blockchain for Disaster Relief

The U.S. Department of Defense (DoD) is looking into the possibility of adopting blockchain for its disaster relief efforts. Enormous Potential The Troop Support Division, a part of the Defense Logistics Agency (DLA) had met earlier in December in order to explore adoption of the decentralized ledger technology. The meeting in Philadelphia, led by the […]

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