Tag Archives: Blockchain News

The Scandinavians are increasing the level of refusal to use cash in their daily transactions. Partnership of the Riksbank with Accenture will allow developing new crypto payment solutions. Such as smartphone app, POS terminals, and other devices and code.Considering the words by Christine Lagarde who shows interest in stablecoins, Sweden is “staying ahead of the curve”. European Central Bank is showing interest in stablecoins development. China will likely to restrict usage of anything...

According to Jared Tate, the DigiByte founder, the TRON project is “the biggest scam in crypto history”. Jared wants to warn the public that it was developed and promoted by the Chinese government. If the U.S. will allow operations of 18 “bad” cryptocurrencies like TRON on Binance.US, then an “unprecedented loss of faith in lawmakers” will occur. Jared is sure that the coin’s purpose is to “dupe unknowing American citizens”. The ICO financial trap already did that, but apparently, Jared feels...

According to the documents released by the New York Office of the Attorney General, the judgment day finally comes to the castle of Bitfinex and the tower of Tether. Both companies were cheating with financial laws. And the development of their case only shows that Bitfinex is having some major troubles.The U.S. Supreme Court has destroyed Bitfinex, now it is the time to start packaging the inner functionaries.While examining the document, we can see that the Attorney General wants to dig...

The VeChain Hack announced by the Foundation Medium official page. It claims that the hacker took around 1.1 billion tokens (~$6,500,000) and transferred them onto this address. The coins associated with the hacker were marked on the VeChainStats website. Anytime the hacker will transfer the coins, the website will update the labels.VeChain Foundation is Tracing the CoinsAccording to the short report, VeChain is using special software to track the coins. They have sent notifications to many...

Blockchain penetration in gaming continues to grow as we have two other industry giants joining hands. Semiconductor giant AMD, known for its popular x86 microprocessors, has joined hands with Estonia-based gaming platform Ultra.This strategic partnership is reportedly a part of a common mission of democratizing the gaming industry for players and developers alike. Speaking on this matter, Joerg Roskowetz, Head of Blockchain Technology of AMD, said:“AMD is excited about the use of blockchain...

In what has been seen by many to be a resurgence of the crypto space, decentralized virtual private network project Orchid (OXT) is set to be launched on the Coinbase professional platform – Coinbase Pro. Sources indicated that the ERC 20 based token will be introduced in phases to the platform. A blog post on the premier cryptocurrency exchange’s website indicates that support for OXT will be made available to all clients of the exchange in the supported jurisdictions except the state of New...

Glencore PLC, one of the world’s largest cobalt producers and a public traded company announced its plan to join the Responsible Sourcing Blockchain Network (RSBN). Glencore will use the Hyperledger Fabric Platform for Cobalt production to track its cobalt production.RSBN is particularly an industrial collaboration using blockchain technology that supports “responsible sourcing and production practices from mine to market”. Moreover, the members of the network include companies from the auto,...

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...

Upvest has successfully raised €7 million (about $7.8 million) in a recently concluded Series A funding round. The startup is based in Germany and is focused on tokenizing financial assets on a blockchain for companies who need to.According to a report from The Block, the startup plans to use the funds it just raised to accommodate the expansion of its blockchain API (application programming interface) so that the platform can do more tokenization for more kinds of companies including private...

The New York Department of Financial Services (NYDFS) said that it will soon introduce changes and upgrade its virtual currency license famously known as BitLicense. In the cryptocurrency community, NYDFS is well-known for already having a strict set of rules setting the highest regulatory benchmark standards.On Wednesday, December 11, Superintendent Linda Lacewell announced that the regulator will modify rules for the approval process of new digital currencies. Under the existing set of...