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Morningstar Rates Its First Blockchain-Based Securities

March 9, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Dominion Bond Rating Service (DBRS) Morningstar, a global credit rating agency has rated its first blockchain-based securities. Also, the securities were issued as a $39.7 million loan to Fat Brands, a restaurant franchising company to expand its business and refinance its existing debt, according to a Forbes report on March...

ConsenSys Space finger blockchain planets

Indian Startup Set to Deploy Enterprise Blockchain Network in Space

March 9, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Accubits, a tech startup based in the Kerala area of India, has announced plans to develop and deploy a blockchain-based satellite in space by Q1 2021. Dubbed Chainsat, the team says the satellite will provide enterprises with a secure communication channel to use distributed ledger technology (DLT), reports YourStory on...

Hyperloop, the Future of Transportation, Could Soon Use Blockchain Technology

Nippon Express, Accenture, Others to Launch $1 Billion Blockchain Network

March 9, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Nippon Express, a Japanese global logistics company, is partnering with Accenture and Intel Japan to create a distributed ledger technology (DLT) based transport network for pharmaceutical products and consumer goods, according to a Nikkei report on March 9, 2020. Nippon Express Taps Blockchain Technology In a bid to prevent counterfeiting...

US Patent Office Approves Mastercard’s Patent to “Speed up” Crypto Payments

Uphold Users Can Now Pay With Crypto via Mastercard Debit Cards

March 6, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Uphold, a multi-currency wallet that makes it possible for users to move, convert, hold and transact in cryptos and other forms of money or commodities including gold, has announced the launch of its multi-asset account and debit card. The card will enable holders to spend the value of their digital...

CryptoKitties’ Dapper Labs Unveil Flow Playground for Blockchain Developers

March 6, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Dapper Labs, the distributed ledger technology project that created CryptoKitties and several other crypto-collectibles, has announced the launch of Flow Playground, an interactive web interface that makes it easier for developers to build smart contracts-enabled applications on the Flow blockchain, in a test environment, according to a blog post on...

India: RBI Set to Challenge Supreme Court’s Crypto Verdict

March 6, 2020 by Ogwu Osaemezu Emmanuel at Regulation

India’s central bank, the Reserve Bank of India (RBI) is putting preparations in top gear to file a review petition in the Supreme Court against the court’s verdict in favor of cryptocurrency trading in the state, reports the Economic Times on March 6, 2020. RBI Not Giving Up As reported...

U.K.: FCA Says BitMex Not Authorized in the Nation, Warns Residents

March 5, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Financial Conduct Authority (FCA) has warned citizens to be wary of BitMex, a Hong Kong-based crypto exchange and derivative trading platform, as the firm is not authorized to operate in the United Kingdom, according to a statement on March 3, 2020. BitMex Not Authorized As part of its obligation...

ConsenSys, Microsoft, EY Launch Privacy-Protecting Blockchain Protocol

March 5, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

ConsenSys, a firm focused on solving real-world problems with the Ethereum blockchain, has joined forces with Microsoft and Ernst & Young to roll out Baseline Protocol, an innovative solution that makes it easier for enterprises to use the public Ethereum distributed ledger technology (DLT) mainnet without having to bother about...

Samsung SDS, Credorax Join Forces for Cross Border Payments Initiative

March 5, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Samsung SDS, a subsidiary of Samsung Group focused on providing information technology and artificial intelligence (AI) solutions to its clients, has joined forces with Credorax, an Israel-based financial technology firm. The memorandum of understanding will enable both firms to develop a blockchain-powered remittance and account reconciliation platform, reports The Korea...

Korean Lawmaker Stresses the Importance of a Cryptocurrency Special Zone for ICOs

Breaking: Cryptocurrency Now Fully Legal in South Korea

March 5, 2020 by Ogwu Osaemezu Emmanuel at Regulation

In another significant development for the cryptoverse, the South Korean National Assembly has officially passed the "Act on Reporting and Use of Specific Financial Information” bill into law, making cryptocurrency trading and holding a legal activity in the nation, reports TheNewsAsia on March 5, 2020. Bitcoin Now Legal in South...

Pawn Shops in Ukraine Set to Start Accepting Cryptocurrencies as Loan Security

Ukraine Mandates Citizens to Declare Bitcoin (BTC) Holdings for Tax Purposes

March 4, 2020 by Ogwu Osaemezu Emmanuel at Regulation

In a bid to regulate its cryptocurrency space, Ukraine's National Agency for Prevention of Corruption (NAPC) has defined clear rules for declaring cryptocurrencies as intangible assets. As such, taxpayers in the country have been mandated to report their crypto holdings following these guidelines, according to a Forklog report on March...

Facebook Plans to Redesign Project Libra Due to Regulatory Hurdles

March 4, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Facebook and the Libra Association are making plans to redesign project Libra in a bid to scale the ending regulatory hurdles that have plagued the global crypto project. Sources say the proposed Libra network may function as a payments network, supporting other cryptocurrencies including central bank digital currencies (CBDCs), reports...

MakerDAO (MKR) Partners with Simplex to Enable Dai (DAI) Purchase with Fiat

March 4, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

MakerDAO, Ethereum-powered decentralized finance (DeFi) heavyweight, has joined forces with Simplex, a European Union-licensed firm that provides a fiat gateway to leading bitcoin trading venues. The deal will enable Simplex to create a fiat on and off-ramp for the DAI dollar-pegged stablecoin, according to reports on March 3, 2020. Simplex...

UAE: National Bank of Fujairah Adopts RippleNet for Cross-Border Payments

March 3, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

The UAE's corporate bank, National Bank of Fujairah (NBF) has joined RippleNet, a global payments network to make easy and seamless cross border payments to India. Also, the corporate bank will use the blockchain-based payments network to send and track international payments in real-time, according to a Ledger Insights report...

Coronavirus: Millennials Choose Bitcoin as the Best Investment

March 3, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

iTrustCapital, a Los Angeles-based firm that enables clients to buy and sell bitcoin (BTC) and other cryptocurrencies, as well as physical gold in retirement accounts on a 24/7 basis, has released its latest survey report which reveals that most millennials prefer to invest in digital assets and gold in the...