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U.S. Consumer Protection Agency Says Ripple’s Technology Fosters Transparency

May 18, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

The United States Consumer Financial Protection Bureau (CFPB), an agency that focuses on protecting the interest of consumers in the financial sector, has acknowledged the potential of Ripple and XRP in the remittance ecosystem, according to reports on May 18, 2020. CFPB Acknowledges Ripple’s Potential As stated in its proposed...

How Blockchain Technology Could Revolutionize the World of Publishing

COVID-19: Japanese Publisher Taps Blockchain Technology for E-Books Distribution

May 18, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Media Do Holdings, a leading Japanese e-book firm established in April 1999, has announced plans to integrate distributed ledger technology (DLT) into its processes, enhance the distribution of its e-books, as demands have surged significantly due to the COVID-19 pandemic, reports NIKKEI Business Daily on May 17, 2020. Blockchain for...

Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

May 14, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings. With the innovative initiative, Bitwala has become the first-ever traditional bank to offer users interest on their crypto holdings, according...

Reddit Social Media Platform Taps Ethereum (ETH) for User Incentivization

May 14, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Reddit, a leading social media platform has launched its points-based user incentivization system, which aims to reward those who post valuable information on the platform with points stored on the Ethereum blockchain via Reddit Vault. The firm says the earned points can be used to purchase special badges, emojis, GIFs,...

Vitalik Buterin Bust Looking at an Ethereum Wallet

Vitalik Buterin: Development on Track But ETH 2.0 May Not Go Live in July

May 13, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Ethereum co-founder, Vitalik Buterin has clarified his earlier remarks regarding the expected launch date of ETH 2.0. Buterin has now made it clear that the much-talked-about transition may not launch in July as he had hinted earlier at this year’s Consensus conference, according to reports on May 12, 2020. ETH...

JPMorgan Finally Joins the Bitcoin (BTC) Bandwagon

May 13, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

JPMorgan, America’s largest bank with a staggering $2.6 million in assets, has inked a deal with leading Bitcoin (BTC) trading venues, Coinbase and Gemini exchange. JPMorgan will now offer the two exchanges banking services including deposit, withdrawal and transfers with Automated Clearing House (ACH) infrastructure, according to a Forbes report...

Brave (BAT) Launches Mjolnir Tool for Testing Permissioned Blockchains

May 12, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Brave Browser, the privacy-preserving web browser project powered by the Basic Attention Token (BAT), has announced the launch of Mjolnir, a tool the team says facilitates the deployment and benchmarking of implementations on the Ethereum blockchain, according to a blog post on May 11, 2020. Brave (BAT) Unveils Mjolnir As...

ChainLink and Intel Drive Privacy Intensive Oracle Solutions

Chainlink (LINK) Brings More Randomness to Gaming and Security dApps with VRF

May 12, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Chainlink (LINK), an Ethereum-based decentralized oracle network, has rolled out a new feature dubbed the Verifiable Random Function (VRF). VRF aims to accelerate the development of smart contracts in gaming, security, and other platforms, boost randomness and make them more tamper-proof, according to a blog post on May 12, 2020....

PwC Report: China the World Blockchain Leader in "Three to Five Years"

Chinese Telecom Giant to Integrate Blockchain Technology Into 5G Systems

May 11, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

China Telecom, a leading Chinese telecommunications company, has revealed that blockchain technology will be massively integrated into its 5G systems as the revolutionary tech behind bitcoin (BTC) and altcoins. The firm says distributed ledger technology (DLT) would significantly enhance revenue sharing, billing, payments and more, in 5G systems, reports Securities...

South Korea: Unlisted Stock Trading Platform “Be My Unicorn” Taps Blockchain for Trading Efficiency

May 11, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

South Korean financial services startups including Koscom, are now leveraging the immutability property of distributed ledger technology (DLT) to curb forgery in the trading of unlisted stocks, while also boosting the efficiency of the platforms, reports BusinessKorea May 11, 2020. Blockchain Powering Unlisted Stock Trading In an effort to curb...