Tag: adoption

Nine months after inception, the Indian government is set to launch a blockchain project to be known as IndiaChain. India’s Blockchain Push This will operate as a platform primarily aimed at reducing fraud, speeding up the enforcement of contracts, increasing the transparency of transactions, and boosting the agricultural economy of the country. The blockchain network is the brainchild of NITI…

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French President Emmanuel Macron announced a plan to transform the country’s business landscape on June 18, 2018. The changes outlined in the platform included everything from a reduction in the complexity involved while setting up a business to a more streamlined auditing process. Surprisingly, however, the President’s plan also included a provision for cryptocurrency-related ventures. Macron Acknowledges ICOs According to…

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The Department of Homeland Security (DHS) provided Factom, a startup using blockchain technology to secure Internet of things (IoT) data, on June 15, 2018, $192,380 to begin beta testing their concept. Factom’s Blockchain Push The $192,380 prize money was apart of the final phase of the Silicon Valley Innovation Program (SVIP). Factom believes that by combining critical infrastructure like sensors…

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Travelers to Amsterdam Schiphol Airport can now exchange “loose change” for bitcoin at the end of their trip. Bitcoin ATM Schiphol Airport authorities announced on June 20, 2018, the installation of a “Bitcoin ATM” to allows travelers to convert the euro to ether (ETH) and bitcoin (BTC). The ATM will be present at the premises until January 2019 as part…

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All over the world, the so-called BlockBoxes used in bitcoin mining, are appearing in the countryside as FinTech companies and individuals are getting on the bandwagon to get the best out of the newly-emerged industry. Creation of BitFury These large mysterious structures are the work of BitFury Group Ltd. CEO and Co-Founder Valery Vavilov and CTO Valery Nebesny. Latvian-born Vavilov…

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The FIFA World Cup 2018 in Russia is most likely the World Cup during which more bets have been placed using bitcoin (BTC) than at any major sporting event ever before. Bitcoin acceptance by online gambling companies dates back to the early years of bitcoin but, in the last 12 to 18 months, the bitcoin gambling market has exploded as…

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Litecoin (LTC) is seeing an “incredible amount of interest” from global businesses looking forward to integrating and supporting it, the Litecoin Foundation announced in their Twitter post. At the same time, it reminded its users to ask the companies they do their business with to ask the businesses to let them use litecoin if they want to see more of…

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Israel’s booming technology sector is experiencing a talent shortage, with firms introducing new perks and lucrative benefits to attract skills employees. One such firm is offering a digital currency incentive. Firm Propagates Bitcoin Adoption According to a report on local news Calcalist on June 12, 2018, social network company Spot.IM is offering their employees a salary paid in bitcoin (BTC)….

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Following the Royal Decree by Thailand’s regulatory authorities on May 14, 2018, that cryptocurrencies are formerly digital assets, the Asian nation is set to take its local blockchain-based digital currency industry to the next level by showing five Initial Coin Offering (ICO) projects the green light to operate in the area, out of the 50 startups that filed for approval….

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The U.S. Patent and Trademark Office (USPTO) awarded a patent to retail giant Walmart for the development of a cryptocurrency-powered electrical grid on June 14, 2018. Walmart’s Cryptocurrency Push The patent describes an electrical grid designed to help companies regulate electricity demand and manage consumption using publicly-accessible blockchain technology. Details indicate the patent was filed in December 2017. Walmart developed…

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