New Blockchain Platform Aims to Help Countries Issue CBDCs More Easily
Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12. This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national adoption.
A City in South Korea Is Expanding Its Blockchain Payment Program
South Korea’s “Silicon Valley” continues its love affair with Blockchain technology. A major satellite city in South Korea, Seongnam, is preparing to expand its existing blockchain-powered payment program by issuing new digital gift certificates.
Blockchain Energy Trading Pilot Using Bitcoin Sidechain Goes Live in LA
A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing. Energy and transportation startup EVShare is launching a community energy-sharing pilot in Los Angeles. The initiative, which received $20 million in partner funding and a $9 million grant from the California Energy Commission, is set to test the application of blockchain technology in managing a localized renewable energy grid.
VeChain’s Latest Blockchain Application Makes Food Safer
VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food.
Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate
After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring.
Facial Recognition Could Help to Stamp Out Bitcoin Social Media Scams
Facial recognition can help prevent future Bitcoin (BTC) scams like those that hit Twitter and YouTube, said Rod Hsu, president and co-founder of virtual currency platform Coincurve. During an interview with Cointelegraph, Hsu said Bitcoin is an electronic form of currency that is non-reversible and somewhat anonymous, “coupled with this gap in understanding makes it appealing for scam artists.” But because of the negative publicity the cryptocurrency got with the scams, it may have discouraged many from adopting it.
Banks to adopt blockchain in the next three to five years: JPMorgan
JPMorgan has said that blockchain technology has become the foundation for digital currency and fast payments, according to a report by the financial conglomerate.
Ethereum mining rewards hit all-time high. Here’s why it matters
Ethereum miners are earning more from ETH fees than ever before. Could the increased activity on the network mean another price jump is around the corner?
US GDP takes historic hit in Q2 as Bitcoin, crypto markets rise
US GDP dropped a mammoth 32.9% in Q2, sharply contrasting with a cryptocurrency market that grew over the same timeframe.
When Crypto Meets Compliance: Is Blockchain Ready For Enterprise?
In our current environment, cybersecurity concerns are greater than ever. The Covid-19 disruption and subsequent shifts made by organizations to navigate this changed reality opened the door to new IT risks and sustained cyberattacks.
Revolut to give clients legal ownership of cryptocurrencies
Revolut said its customers will obtain full control of their cryptocurrency assets from 27 July 2020. However, holders of cryptocurrencies will only be able to other Revolut account holders. The digital coins currently traded by Revolut include Bitcoin, Etherium, Bitcoin Cash and XRP.
Revolut to give clients legal ownership of cryptocurrencies
Revolut, the digital or “challenger” bank, has announced a modification to its terms to allow customers beneficial ownership of their cryptocurrency portfolios.
How governments can leverage policy and blockchain technology to stunt public corruption
Worldwide, governments devote an estimated $9.5 trillion each year to public procurement – an average of approximately 15% of national GDP. The problem is almost universal.
Bitcoin set to 'soar in value' this year, says deVere chief
Bitcoin – already one of the year’s best-performing assets – is likely to “soar in value” this year with central banks’ money printing agendas and a spike in public interest, the CEO of deVere Group said this morning.
Singapore state investor Temasek joins Libra, Facebook’s digital currency project
The global Facebook-backed digital currency project Libra has a new supporter: Singapore state investor Temasek Holdings.