#Blockchain

Thai Authorities Set to Use Blockchain Technology To Fight Tax Evasion

November 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Finance, News, Platform, Tech

In a bid to curb the menace of tax evasion and ensure workers pay their correct tax amounts, Thailand's Revenue Department has announced it would use distributed ledger technology (DLT) and machine learning for tax avoidance probes, according to a Bangkok Post report on November 5, 2018. Thai Authorities Unleash...

How the Truffle Suite Is Streamlining Ethereum Development

November 6, 2018 by Priyeshu Garg at Blockchain, Cryptocyclopedia, Development, Ethereum, Platform

Initially launched in 2015, Truffle promises to solve a number of key problems experienced by Ethereum developers in the course of building decentralized applications using smart contracts. Functioning with support from development leader ConsenSys, Truffle potentially holds the key to making Ethereum development simple and accessible to a new wave...

HSBC Completes Blockchain-Based Transaction for India’s Reliance Industries

November 5, 2018 by Cindy Huynh at Adoption, Blockchain, Business, Finance, News

The British multinational banking organization HSBC and Belgium’s ING Bank have partnered to execute a trade transaction using the blockchain network from a U.S.-based Tricon Energy to India’s Reliance Industries. According to an Economic Times article published on November 4, 2018, the blockchain-enabled letter of credit transaction is the first...

Bitcoin Hot Air Balloon Reading a Newspaper

Bitcoin Closes the Week Softer on Back of Little Newsflow: BTCManager’s Week in Review November 5, 2018

November 5, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, Finance, News, News Digest, Regulation

The price of bitcoin closed the week around two percent lower - reaching the $6,350 level - on light volumes and a lack of major market-moving headlines. The main headline of the week was the publication of a research paper that suggested that bitcoin mining may accelerate global warming due...

App Mining; Blockstack’s Method of Rewarding Decentralized Applications

November 5, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, News, Platform, Tech

The Internet has evolved over a couple of decades and has changed the way software companies work and make money. In the nascent days of the internet, software developers spent time in building some crucial infrastructure and shared protocols like HTTP, SMTP, and TCP/IP which opened doors to the world...

Tron Foundation Completes Seventh Coinburn Event; 98 Percent of Token Supply now Burnt

November 5, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, News

On November 1, 2018, Justin Sun, founder of the blockchain platform Tron, has announced the successful burning of $800 million worth of TRX tokens. Ninety-Eight Percent of Supply Burned In a related tweet, he said, “I just burned 800 million USD worth $TRX ERC20 tokens. $TRX ERC20 tokens will soon...

China’s Lufax P2P Lending Platform Eyes Blockchain Technology

November 4, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Development, Finance, News, Platform

Lufax, China’s leading peer-to-peer lending and wealth management platform, has hinted its working on integrating distributed ledger technology (DLT) into its operations to reduce cost and increase transparency, reported The South China Morning Post on November 2, 2018. Lufax Joining the Blockchain Movement Per sources close to the matter, Lufax...

ZeppelinOS 2.0 Software Update Promises Easier Fixes for Ethereum Contracts

November 3, 2018 by Priyeshu Garg at Blockchain, Ethereum, News, Platform, Tech

Zeppelin Solutions has launched their ZeppelinOS 2.0 software update, introducing four major improvements to their original system launched in May 2018, the company announced in a blog post on November 1, 2018. Better Smart Contract Experience The company that has made unfixable Ethereum smart contracts errors a thing of the...

South Korea: Crypto Exchange Bithumb Establishes Blockchain R&D Center

Korean Crypto Exchange Bithumb to Launch Security Token Platform in the U.S.

November 3, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Exchange, News, Platform, Tech

South Korean cryptocurrency exchange Bithumb is reportedly exploring the possibility of a security token exchange in the U.S., according to people familiar with the matter. Local news agency Yonhap News was able to confirm on November 2, 2018, that Bithumb has agreed to partner with American fintech company seriesOne. Security Tokens:...

Banking on Blockchain: Marsh to Introduce a DLT-Based Offering to Update Identity Verification

November 3, 2018 by Aisshwarya Tiwari at Blockchain, Business, Development, News, Platform

The New-York headquartered insurance firm Marsh has allied with Evident, a data-security company, in a bid to provide a blockchain-based application for clients in the sharing and gig economies, per a November 1, 2018, report by Digital Insurance. Simplification of Onboarding Process for Gig Economy Workers The distributed ledger technology...

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