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Signature Bank Reports 15% Transaction Volume Surge with Its Ethereum-Based Signet Blockchain Solution

June 25, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Signature Bank (SBNY: NASDAQ), a New York-based full-service commercial bank, announced that the private beta launch of Signet, its Ethereum-powered distributed ledger technology (DLT) payments solution enabled it to increase its transaction volume by 15 percent, reports Forbes on June 24, 2020. Seamless Payments with Blockchain Technology In a bid...

Australia: ASIC Reports Increasing Cases of Scam Crypto Investments Amid COVID-19 Outbreak

June 24, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Australian Securities & Investments Commission (ASIC), has revealed that there has been a 20 percent increase in scam crypto-powered investment projects targeting Australian residents since the COVID-19 pandemic outbreak. The financial watchdog has warned Australians to desist from pumping in their hard-earned money into crypto investment projects that look too...

Bitcoin Would Moon to $50k If Institutions Invest 1% of Their Portfolios

June 24, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Ryan Watkins, an author, and crypto analyst at Messari, took to his twitter handle on June 23, 2020, to reveal that the price of Bitcoin (BTC) could surpass $50,000 if institutional investors such as hedge funds, family offices, and others follow Paul Tudor’s lead and buy Bitcoin (BTC) with at...

LibertyX Allows Bitcoin Purchase at 20,000 Retail Stores and Pharmacy Chains Across the U.S.

June 23, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

LibertyX, America’s pioneer Bitcoin (BTC) ATM installer has launched the “Bitcoin on Every Block” initiative which aims to make it possible for U.S. residents to buy Bitcoin (BTC) with cash at 20,000 retail stores and pharmacy chains in the country, including 7-Eleven, CVS Pharmacy, and Rite Aid, according to a...

Chinese city issues post pandemic consumer vouchers on the blockchain

China: Authorities Tap Blockchain to Issue Post-Pandemic Consumer Vouchers

June 23, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Nanjing, the capital of China’s eastern Jiangsu province, which also functioned as the national capital during part of the Ming dynasty, has adopted distributed ledger technology (DLT) for the issuance of “consumption vouchers” to residents, as part of palliative measures aimed at helping the masses to cushion the adverse effects...

Crypto Startups Operating in the U.K. Get June 30 Registration Deadline

June 22, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog has reminded all Bitcoin (BTC)-linked businesses to send in their applications for registration before June 30, 2020, or risk getting ousted from the region, according to a press release on June 22, 2020. Crypto Firms Must Submit Application Before June...

Power Ledger Launches DLT Platform to Foster Clean Energy Monetization

Report: Power Ledger (POW) P2P Energy Trading Solution Has Real Use Case

June 22, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Power Ledger (POWR), an Australian blockchain-powered energy trading firm founded in 2016, has conducted a solar energy trading trial in collaboration with the Australian government and found out that distributed ledger technology (DLT) based P2P energy trading helps consumers slash costs, according to reports on June 22, 2020. Blockchain Powering ...

Reddit Engages Ethereum Devs to Boost Scalability of Community Points

June 19, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Reddit, a leading social media platform has on June 18, 2020, announced its collaboration with the Ethereum Foundation. The new alliance aims to solve the scalability bottlenecks of Ethereum as it concerns Reddit’s crypto-powered community incentivization program dubbed Community Points. Reddit is inviting developers to send in their scaling proposals...

Stellar (XLM) Protocol 13 Upgrade Goes Live Successfully

June 19, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Stellar (XLM) the truly decentralized blockchain project that claims to be focused on revolutionizing the world of payments by facilitating seamless, cost-efficient, and superfast cross-border transactions between any pair of currencies, has successfully rolled out its much-anticipated Protocol 13 upgrade after several months of hard work. The team says Protocol...

Chris Giancarlo: XRP Not a Security But An Alternative Currency

June 18, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

In an opinion piece for the Financial Law Review, Chris Giancarlo, the immediate past chairman of the Commodities Futures Trading Commission (CFTC), has argued that XRP is not a security, but more like an alternative currency, according to reports on June 17, 2020. Giancarlo Makes Case for XRP While Ripple’s blockchain...

A Louis Vuitton Bag With Blockchains on it

EVRYTHNG, Arianee Join Forces to Trace Luxury Goods with Blockchain

June 18, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

EVRYTHNG, a company that claims to foster supply chain transparency using Internet of things (IoT), is partnering with Arianee, a distributed ledger technology (DLT) project that’s focused on building perpetual relationships between brands and product owners, to track and prove the authenticity of luxury goods with blockchain technology, reports Ledger...

Binance, Crypto.com Four Others Join Codefi’s Ethereum 2.0 Staking Pilot

June 17, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Codefi, the decentralized finance (DeFi) infrastructure from the stables of Joseph Lubin’s ConsenSys is organizing an Ethereum 2.0 staking pilot. The staking pilot is aimed at lowering the barriers to participation in staking networks and six leading crypto projects, including Binance exchange, Huobi Wallet, Crypto.com DARMA, and others will be...

ARK (ARK) Rolls Out Protokol, A New Enterprise Blockchain Service Provider

June 17, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

ARK (ARK), a leading distributed ledger technology (DLT) project that claims to be focused on increasing widespread adoption of blockchain technology, has announced the launch of Protokol. The ARK team says Protokol is an enterprise blockchain platform designed to make it easier for firms to take advantage of the ARK...

Unilever Implements Blockchain For Cleaner Product Sourcing image

Unilever Poised to Reduce Deforestation and Climate Change with DLT

June 15, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Unilever, a British-Dutch multinational consumer goods company with a presence in over 190 nations across the globe, has announced plans to use distributed ledger technology (DLT) and other innovative techs to tackle the issue of deforestation, and climate change. Unilever says it's focused on implementing sustainable business practices that would...

Task Force Calls For Future Stimulus Checks To Get A Tech Upgrade

U.S. Authorities Mull Using DLT to Ease Delivery of Stimulus Checks

June 15, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The White House and congressional leaders are putting preparations in top gear to dish out another round of COVID-19 stimulus money to citizens in the coming weeks. Some politicians, including Congressman Tom Emmer, has urged the authorities to tap blockchain technology to ensure more frictionless stimulus package disbursement to the...

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