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China’s Decision to Choose Ethereum Over its Own Blockchain NEO is Monumental

China: Prominent Bank Issues $300,000 Loan Using Blockchain Technology

August 2, 2018 by contributor at Blockchain, Finance, News

On July 31, 2018, the Agricultural Bank of China (ABC) revealed it had successfully completed a $300,000 loan using a private blockchain. Loan Issuance Via Blockchain As reported by Chinese outlet Financial News, ABC’s Guizhou bank branch was the facilitator of this development. The bank issued the loan against a...

IOHK Launches Second Blockchain-Based Contract Testnet Called IELE

August 2, 2018 by Aisshwarya Tiwari at Blockchain, News, Tech

IOHK, a Hong Kong-based enterprise specializing in blockchain-based finance solutions, launched its second Cardano smart contract testnet dubbed “IELE” on July 30. IELE offers secure and efficient financial infrastructure to its potential users, in the form of a virtual machine designed to execute smart contracts on the Cardano blockchain. Additionally,...

Vitalik Buterin’s Seven Deadly Crypto Sins: Bitmain and 51% Attacks

August 1, 2018 by Jefferson Nunn at Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Ethereum, Mining

In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum. These seven questions are some of the most relevant features of this booming ecosystem. From mining, as in this week’s installment, to governance and everything in between. The series was inspired...

Indian Think Tank looks to Launch Blockchain-based Pilot Projects

Indian Cryptosphere to Converge in Hyderabad for Inaugural International Blockchain Congress

August 1, 2018 by Priyeshu Garg at Blockchain, News, Regulation, Tech

The first edition of India’s largest blockchain conference is set for August 3 and 4, 2018 at the Novotel & HICC Complex, Hyderabad. The International Blockchain Congress brings together the industry experts, innovators, and regulators that work within the ecosystem to hold relevant conversations and set the agenda for blockchain...

Hyperledger Surpasses 250 Members for Blockchain Consortium

August 1, 2018 by Nigel Dollentas at Adoption, Blockchain, Business, Finance, News

On July 32, 2018, Hyperledger announced the passing of its 250-member milestone, as they onboard nine additional members. The members include ChainDigit, Chainyard, Coil, DigiCert, LG CNS, Omnitude, Tierion, and UTRUST. Multiple Companies with Multiple Disciplines Some of the company’s focus on offering blockchain solutions like Tierion with anchoring data...

Ethereum Can Exist in India despite Crypto Ban, Says Cofounder Joseph Lubin

August 1, 2018 by Priyeshu Garg at Adoption, Altcoins, Blockchain, Commentary, Development, Ethereum, News

Ethereum cofounder Joseph Lubin has stated that the world’s second largest blockchain network offers a lot more than merely transfer of value through cryptocurrency. Speaking to LiveMint during a July 23, 2018, visit to India, Lubin said that Ethereum is the only genuinely decentralized network apart from bitcoin and that...

Litecoin Creator Joins HTC Exodus Team as Cryptocurrency Advisor

August 1, 2018 by contributor at Adoption, Altcoins, Bitcoin, Blockchain, Business, News

High Tech Computer Corporation (HTC), will soon enjoy the consulting services of Litecoin creator Charlie Lee, after the latter revealed on July 29, 2018, his involvement in HTC’s cryptocurrency-powered smartphone, called “Exodus.” The Exodus-Litecoin Connection Lee stated he would spearhead the development of Exodus, in HTC’s push to appeal to...

Blockchain, Fintech, and AI Companies Join the Linux Foundation Open Source Initiative

August 1, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News, Tech

Linux Foundation, a nonprofit organization dedicated to creating highly functional open source projects for the good of humanity, has announced on July 30, 2018, the successful addition of twenty-two organizations, including blockchain, artificial intelligence, cloud computing, to augment its open source software offering. A Robust Open Source Ecosystem Since the year...

World’s First XRP-Based Cryptocurrency Exchange Launches with Support from AlphaPoint

August 1, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Exchange, News

AlphaPoint, a cryptocurrency firm, officially announced the launch of DCEX on July 30, 2018. DCEX is a decentralized exchange platform aimed at retail and institutional investors and runs solely on blockchain technology provided by AlphaPoint. Based out of San-Francisco, DCEX utilizes XRP as its “base currency.” This implies that all the...

Token Alliance Sets out Detailed ICO and Cryptocurrency Guidelines

August 1, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Regulation

The Chamber of Digital Commerce and Token Alliance have released the first set of comprehensive guidelines for digital token and ICOs. Titled “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners,” the report was released on July 30, 2018, and is now available for public review. Guidelines Objective...

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