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Baidu’s On-Demand Video Platform, iQiYi Adopts Blockchain Technology

April 14, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

iQiyi, an online video platform owned by the Chinese tech giant, Baidu, has integrated distributed ledger technology (DLT) into its processes in an attempt to significantly boost its buffering speed and network congestion as well as energy consumption, according to reports on April 14, 2020. iQiyi Taps Blockchain Technology In...

Coins Floating in a River Surrounded by Wheat Fields

Wyoming: Insurers Will Soon Be Able to Invest in Crypto Assets

April 14, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Wyoming authorities have amended the state’s insurance code to make it possible for insurance firms to invest in Bitcoin (BTC) and other digital currencies. The new regulation will go live on July 1, 2020, according to a Mondaq report on April 13, 2020. Wyoming Insurers to Invest in Digital Assets...

IOST (IOST) Among Top 5 Projects in the Latest Chinese Blockchain Rankings

April 13, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

China’s Center for Information and Industry Development (CCID), a body under the Ministry of Industry and Information Technology, has released the latest ranking for cryptocurrency and blockchain projects. IOST (IOST) moved up a spot to 5th position while other leading projects including EOS, TRON (TRX), Ethereum (ETH) and Lisk occupied...

Newdex Decentralized Cryptocurrency Exchange Loses $58,000 Worth of EOS to Hackers

EOS (EOS) Creators Block.One to Start Participating in Voting by May 2020

April 10, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Block.One, the distributed ledger technology (DLT) giant in charge of EOS (EOS), a multi-billion dollar blockchain project, has announced plans to start participating in ecosystem voting starting from May 2020, as part of efforts to support Block Producers (BPs) and Standby Block Producers (SBP) that have contributed immensely to the...

Morpheus Labs Successfully Implements .NET in Its BPaaS

April 10, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Morpheus Labs (MITx), a Singapore-based startup that claims to be focused on developing a comprehensive full-stack network for enterprises to build their blockchain solutions, has announced that it has successfully implemented .NET based enterprise application using the integrated.Net functionality in its Blockchain Platform as a Service (BPaaS) platform, according to...

Origin’s (OGN) Dshop Introduces Commissions Program for Affiliates

April 9, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Origin (OGN) Protocol, a project focused on enabling people to create decentralized sharing economy marketplaces powered by Ethereum and IPFS, has announced the launch of Origin Commissions on Dshop, its e-commerce store, enabling merchants on the platform to earn OGN token each time an item is sold via their link,...

ICON (ICX) Launches Smart Contracts-Supporting Consensus Algorithm

April 9, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

ICON (ICX), a South Korea-based distributed ledger technology (DLT) project that claims to be focused on fostering interoperability between independent blockchains, has rolled out a new consensus algorithm dubbed Loop Fault Tolerance 2.0 (LFT 2.0). The team says LFT 2.0 offers smart contracts support, better performance and more, according to...

South Korea: Ripple-Powered Remittance Platform Dominates Remittance Market

April 9, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Coinone Transfer, a South Korean cross border payments and remittance platform that adopted Ripple’s blockchain solution in 2018 via SBI Ripple Asia, has revealed that it’s blockchain-powered user-friendly remittance app dubbed Cross has enabled it to become a force to reckon with in the Korean financial ecosystem, according to a...

VeChain (VET) Partners U.S. Startup to Verify Authenticity of 200K KN95 Masks

April 8, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Real Items, an online marketplace focused on promoting supply chain transparency and consumer protection with VeChain’s (VET) blockchain technology, has announced that it is collaborating with Tricol Group, makers of protective masks, to integrate VeChain NFT into over 200,000 KN95 masks to enable buyers to prove its origin and authenticity,...

Ontology (ONT), Blockchain Venezuela to Drive Economic Initiatives in Latin America

April 8, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Venezuela Blockchain, an organization that claims to be focused on driving a new economy in Venezuela powered by cryptocurrency and distributed ledger technology (DLT), has joined forces with Ontology (ONT), the high-performance blockchain network for enterprises. The partnership is aimed at creating economic initiatives that will improve the lives of...

COVID-19: Italian News Agency, EY, Combat Fake News with Blockchain Technology

April 7, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The Agenzia Nazionale Stampa Associata (ANSA), Italy’s major news agency has joined forces with Ernst & Young to develop a blockchain-based news tracking and authentication system. The solution is aimed at curbing the spread of fake news, while also uniting news publishers, web agencies and other participants in the journalism...

ConsenSys Health, Hyperledger, Launch Stop COVID-19 DLT Virtual Hackathon

April 7, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

ConsenSys Health, a health-focused distributed ledger technology (DLT) project that recently spinned-off from ConsenSys, Hyperledger, OpenMined, Gitcoin, Kaleido and others, are launching the Stop COVID-19 blockchain-based Virtual Hackathon. The project aims to bring together healthcare and life sciences experts to formulate secure, privacy-protecting solutions for public health, according to a...

Microsoft Toolbox Hammer Blue Blockchain

Tech Giant Microsoft Patents New Bitcoin (BTC) Mining System

April 6, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Tech giant Microsoft has patented a new crypto mining solution that uses human bodily activity data to reward people with digital currency when they perform certain tasks. The firm says the new system aims to reduce computational energy consumed during mining while also making the mining process faster, according to...

Slush Pool Creators Improving Bitcoin Mining Security with New Software

April 6, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Braiins, the creators of Slush Pool, has integrated new software into its BOSminer software suite, which is the first working implementation of the Stratum V2 protocol. The firm says the new software will improve the security and efficiency of mining pools, according to reports on April 6, 2020. Braiins Improving...

Spain: Financial Watchdog Intensifies Efforts to Make Cryptocurrency Holders Pay Tax

Despite Coronavirus, Spain’s Tax Authority Shows No Mercy to Bitcoin Holders

April 3, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Agencia Estatal de Administracion Tributaria (AEAT), which is Spain’s tax agency, has announced plans to send out more letters to holders of bitcoin (BTC) and other blockchain-based cryptocurrencies in the nation in spite of the current global economic downturn caused by the coronavirus pandemic, according to reports on April...