PayPal abandons Facebook-backed Libra cryptocurrency group
Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators.
Exploring cryptocurrency and blockchain in Iceland
Imagine a hairdryer running on high, continuously, for 24 hours a day, seven days a week. The energy it drains—about 40 kilowatts per hour—equals what one extremely powerful specialized computer uses to mine cryptocurrency. A single six-building data center outside a small town in northern Iceland houses nearly 30,000 of these machines.
U.S. House Passes Bill Requiring Study Of Blockchain Technology
Last Thursday the “Advancing Innovation To Assist Law Enforcement Act” passed in the House of Representatives. The bill requires the Financial Crimes Enforcement Network (FinCEN) to conduct a study on the use of blockchain, AI, and other technologies by the agency and provide a report to the House Financial Services Committee and the Senate Banking Committee.
Blockchain At The United Nations Leading Solutions To The Global Crisis
The 73rd United Nations General Assembly (UNGA) convened this week in New York and was dominated by the climate crisis with Grete Thunberg, the “16-year-old poster child” for the climate crisis movement, delivering a passionately blistering speech on how the political and business establishments have stolen her dreams by not appropriately responding to the crisis.
Sierra Leone Aims to Finish National Blockchain ID System in Late 2019
President of Sierra Leone Julius Maada Bio reportedly claimed that the new infrastructure will allow financial institutions to verify identities and build credit histories, tech publication NFCW reported on Sept. 2.
Blockchain Technology Is Already Improving Lives At 22 Hospitals
The promise of blockchain technology couldn’t be greater than in the healthcare sector. A prime example is the groundbreaking deployment of blockchain technology by Intermountain Healthcare, a Utah-based, not-for-profit system of 22 hospitals. This medical group has more than 1,600 physicians and advanced practice clinicians at 180 clinics.
Ripple-Backing SBI and Santander Fund Elliptic To Fuel Asian Expansion
Cryptocurrency compliance company Elliptic has raised $23 million in a Series B funding round led by SBI Holdings, a Japanese financial institution which has been trialing an XRP-powered store settlement payments app.
Samsung To Release Cryptocurrency Version Of Galaxy Note 10
Samsung has built a blockchain version of its flagship Galaxy Note 10 smartphone, allowing customers to store cryptocurrency like bitcoin on their phones.
Samsung to Launch Smartphone Meant to Make Blockchain Friendlier
SEOUL—Samsung Electronics Co. is releasing a variant of its newest flagship phone in support of the adoption of next-era technology blockchain, according to people familiar with the matter.
TruTrace Partners With Deloitte to Track Cannabis Using Blockchain
Investing news outlet ProactiveInvestors reported on Sept. 4 that TruTrace is launching its StrainSecure product in partnership with Deloitte. The system employs blockchain technology to track cannabis from seed to sale, in order to guarantee that customers and retailers know the history of the product.
HTC, Alibaba Join $3M Investment in Blockchain Property Rights Startup
Chinese e-commerce giant Alibaba, venture capital firm WI Harper and crypto-focused investor Digital Currency Group also participated in the Series A funding round.
Israel: A Friendly Blockchain Hub, but Is Government Policy Lacking?
It has been almost a decade since Dan Senor and Saul Singer penned “Start-Up Nation,” their ode to the Israeli tech sector. The book, which chronicles much of Israel’s success as a small but potent innovation force that spans countless industries, highlights the immense technological knowhow and seemingly fearless energy that supports the country’s thriving startup culture.