While regulators in countries such as the United States are still scratching their heads on the issue of cryptocurrencies, the Thai government has already drawn a detailed plan of how they will set up their own central bank digital currency.…
Standard chartered bank partners with Siemens on a blockchain based pilot test seeking to completely digitize bank guarantees
International banking giant Standard Chartered is reportedly partnering with the financial arm of tech manufacturing giant Siemens I a pilot project geared towards putting bank guarantees for trade finance on a blockchain. A report from IBS intelligence revealed that the…
Red Hat Turns to Blockchain Technology to Help Track Software
The blockchain system seems to be percolating into different industries every day. This is after cloud computing giants Red Hat was reported to be looking to incorporate blockchain technology in their operations. Red Hat is reportedly looking to the blockchain…
Giant automakers form blockchain consortium
There’s a now a blockchain consortium for the automobile sector. The Mobility Open Blockchain Initiative (MOBI) has been formed, with participation from giant automakers BMW, Ford, General Motors (GM), and Renault. The automotive sector is clearly the next frontier for…
Alibaba pilots blockchain-powered food supply chain tracking solution
Chinese e-commerce giant Alibaba is piloting a blockchain-based solution to track supply chain of their food division, to combat food fraud. The pilot is being done by the company’s Australia and New Zealand branches. Food fraud is a common criminal…
Cardano Blockchain to help coffee-growers in Ethiopia for coffee export
Innovative blockchain-based start-up Cardano has signed a memorandum of understanding (MOU) with the Ministry of Science and Technology of the government of Ethiopia, for agri-tech development using the promising distributed ledger technology (DLT). The MOU has special focus on coffee…
MasterCard intends to patent technology for easier activation of new blockchain nodes
American multinational financial services giant MasterCard has filed a patent for a technology solution that will expedite the activation of new nodes on a blockchain. The patent was filed on October 2016, and the US Patent and Trademark Office (USPTO)…
Top 5 Long Term Cryptocurrency Investments for 2018
Cryptocurrencies are starting to become mainstream. After the meteoric rise that happened during the last quarter of 2017, cryptocurrencies became a major concern for investors looking for new investments other than the financial market. Even during the 3-month slump that…
Blockchain-powered “Smart package” patent filed by Walmart
US retail giant Walmart has filed a patent application for their blockchain-powered “Smart package” solution. The patent application was filed in August 2017, and the US Patent and Trademark office (USPTO) has released the patent recently. Online shopping involving perishable…
“WordPress of Startups” : Blockchain start-up Elemential is working on making enterprise blockchain easier
Building an enterprise blockchain, developing apps using it, and deploying the apps on it need to have processes, methods, and tools that make it easier to use. Mumbai, India-based blockchain start-up Elemential is working on their Hadron and Federated Network…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
