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Bitcoin's in a blender with lightning coming out of it blue BTC

Darknet Entities Sent $67M Worth of BTC to Bitcoin Mixers in Q1 2020

July 15, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitfury Crystal, a blockchain analytics platform has released a new report detailing the use of bitcoin transaction mixers by darknet users from 2019 to Q1 2020. The report states that darknet entities used bitcoin transaction mixers to cover their paths more in the first quarter of 2020 as compared to...

This El Salvador Village Adopts Bitcoin As Money

This Tiny El Salvador Town Has a Thriving Bitcoin Economy

July 15, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

El Zonte, a rustic beach town of just 3,000 people located on the coast of El Salvador in North America, uses bitcoin (BTC) as its sole currency and medium of exchange. The people of El Zonte have created a robust crypto-economy for themselves, using the world’s flagship crypto to run...

Singapore’s InterContinental Hotel Adopts VeChain-Powered COVID-19 Solution

InterContinental Shanghai Embraces VeChain and DNV GL’s Infection Risk Management Solution

July 14, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

InterContinental, a 5-Star heritage hotel located in the heart of Singapore’s cultural district of Bugis, has adopted VeChain ToolChain-powered My Care infection risk management solution at one of its branches in Shanghai, reports local media outlet Guangming Daily, July 13, 2020. My Care Solution Sees Adoption As the coronavirus pandemic...

China’s Digital Currency Trial Prompts G20 Nations to Think CBDCs

July 13, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The G20, an international forum formed by the governments and central banks of 19 nations and the European Union in September 1999, has revealed plans to integrate digital currencies into its operations. If all goes as planned, the G20 could roll out its CBDC project before the end of the...

Kraken Report: Bitcoin Getting Increasingly Correlated with S&P 500

July 10, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its correlation with the S&P 500 from 0.13 to 0.52. Bitcoin Increasingly Correlating with SP 500 and Gold According to Kraken’s...

IOTA (MIOTA) Making Significant Progress Toward IOTA 2.0 Launch

July 10, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

The IOTA (MIOTA) team has released the details concerning the progress made so far in the journey toward IOTA 2.0 network upgrade. The team has revealed that the key specifications for IOTA 2.0 are almost complete. The research team has been able to launch Pollen, the first IOTA 2.0 testnet...

Chinese Logistics Firms Tap Alibaba’s Blockchain for Shipping and Logistics

Chinese Government-Run Firm Taps Alibaba’s Blockchain for Shipping and Logistics

July 8, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

China Ocean Shipping Company (COSCO), a Chinese government-run shipping and logistics company, has inked a strategic partnership deal with e-commerce giant Alibaba and Ant Group. The new alliance seeks to enable COSCO to digitize its shipping and logistics processes with Alibaba’s blockchain solution, reports The Maritime Executive on July 8,...

Chinese Transportation Giant Didi Chuxing to Trial DCEP

July 8, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Didi Chuxing Technology Co., China’s leading mobile transportation firm founded by Cheng Wei in June 2012, has announced that it has joined forces with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The alliance will enable Didi Chuxing to trial and explore the nation’s central bank...

Indian IT Giant Tech Mahindra Launches Blockchain Platform to Protect Content Creators from Piracy

July 7, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Tech Mahindra, an Indian multinational company providing information technology services and business process outsourcing to companies, has launched a distributed ledger technology (DLT) solution called the Blockchain Based Contracts and Rights Management System (bCRMS). The solution is powered by IBM’s Hyperledger-based blockchain network and is designed to protect the intellectual...

DeFi in Early Stages of Growth and Development, Yet the Potential is Glaringly Obvious

DeFi Boom Almost Doubles Ethereum Active dApp Users in Q2 2020, Report Says

July 7, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Dapp.com, a leading decentralized application (dApp) analytics platform, has released its Q2 2020 Dapp Market Report showing the big winners and losers in the world of decentralized finance (DeFi). Brave Browser's Basic Attention Token (BAT) is the most used token in DeFi, while Ethereum attracted the highest number of dApp...

Chinese Courts Tap Blockchain Technology to Monitor Sealed Properties

July 6, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The Executive Bureau of the People’s Court in the Haidian District of Beijing has used a blockchain-based electronic seal to secure a building in Chaoyang district from unauthorized access. The electronic seal sends notifications to the relevant authorities in real-time whenever there's illegal access to a sealed property, reports Global...

Bank of Japan Studying Digital Currencies, Says Governor

Bank of Japan to Conduct Proof of Concept for Its Digital Yen

July 3, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Bank of Japan (BOJ), the 138-year old Japanese central bank, has announced plans to carry out a technical feasibility study for its central bank digital currency (CBDC). The bank says it intends to carry out a proof of concept (PoC), while also collaborating with other central banks and relevant...

Lebanese Lira collapses, is now worth one satoshi

Lebanon: Raging Monetary Crisis Means Lebanese Lira Is Now Worth One Satoshi

July 2, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

The Lebanese Republic, a Western Asian nation bothered by Israel to the South and Cyprus to the west, has been faced with serious economic turmoil in recent times, with the nation’s currency, the Lebanese Lira now trading at 9,600 against the U.S. dollar. Amidst the raging economic storm, experts have...

Research: Bitcoin's Protocol can Be Analyzed to Track Criminals

U.S. Authorities Point Searchlight into Crypto’s Role in Trafficking

July 2, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Republicans and Democrats in the Senate Banking Committee are putting preparations in top gear to introduce a bill that would mandate the Government Accountability Office (GAO) to critically study the role of bitcoin (BTC) and other cryptocurrencies in illicit activities such as human and drug trafficking, money laundering, terrorist financing...

Hand Holding a Bitcoin and the Swiss Flag

Swiss Authorities Amend Existing Laws to Foster Crypto Growth

July 1, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The National Council, which is the lower house of the Federal Assembly of Switzerland, has unanimously passed a legislative package amending a large chunk of the nation’s existing financial laws in a bid to crush possible legal barriers and enable crypto and blockchain startups to flourish more, according to reports...

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