Monthly Archives: March 2020

Chinese Province Sees First Official Blockchain Zone

China’s Hunan province, a major blockchain hub in the country, is now establishing its first provincial blockchain zone in the city of Loudi. The central Chinese province of Hunan has approved the establishment of the Wanbao blockchain zone in the city of Loudi. It is the first provincial blockchain zone in Hunan province, according to a local news report from March 4. Hunan punches above its weight among Chinese provinces housing blockchain work According to China’s 2019 blockchain zone development evaluation report, Luodi ranks at 17 among […]

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U.S Rep. Submits Bill Urging Tennessee to Study Blockchain

A U.S. representative has introduced a bill asking for a study on blockchain technology and applicable laws in Tennessee. State Representative Dennis Powers introduced a new bill into Tennessee’s state legislature on March 3 spurring the study of blockchain technology. The bill asks the Tennessee Department of Financial Institutions to dive into research on blockchain and applications for “related technology” in finance and propose changes to any regulations standing in the way of the technology’s progress. The bill lists blockchain’s advantages The document describes blockchain as a […]

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China’s Push for Blockchain Adoption Sees First Major Program at a University

China has just approved a tech university’s application to open China’s first undergraduate Blockchain engineering major. The Ministry of Education of China has just granted Chengdu University of Information Technology (CUIT) approval to open the country’s first undergraduate blockchain engineering major. Admission and enrollment will start this year, according to a Chinanews agency report from March 4. China sees blockchain’s potential  to impact social economy and information development China’s first blockchain engineering major aims to catch up with ever-changing developments in social economy and social informatization. The […]

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Walmart Joins Hyperledger to Expand Role in Open-Source Community

Walmart joins Hyperledger to have a larger role in the open-source community, discusses further plans for the future. Speaking at the Hyperledger Global Forum 2020 in Phoenix, Arizona on March 3, Walmart’s director of software engineering for blockchain platforms, Archana Sristy, briefly discussed why the company joined Hyperledger. During a panel entitled “Blockchain in Action: The Latest in Production Deployments,” Sristy said: “One of the reasons we are now a member of Hyperledger is to show the open-source community the importance of interoperability. It’s presumptive to think […]

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Cryptocurrencies Are Not a Safe-Haven Asset, Says Expert

A Duke University professor believes crypto has not acted as safe haven amid the challenges to the global economy. Cryptocurrencies have not been used as a safe haven amid challenges the global economy has faced at the beginning of the year, one expert says. The world has already seen a slew of market-shaking events this year including trade policy uncertainty, geopolitical tensions and the coronavirus epidemic, among others. With investors around the world struggling to find safe haven assets to insure themselves against potential crises, it was […]

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Blockchain as a Tool to Combat Coronavirus

Cointelegraph Consulting examines the blockchain world’s response to the coronavirus outbreak. COVID-19 — more commonly known as the coronavirus — has unleashed massive shock waves among the worldwide health, science, government and business communities as societies are trying to contain the virus. At the moment, the scale and velocity at which the coronavirus is spreading are proving difficult to manage because the regional clustering of the outbreak has moved beyond the initial Hubei province of China to South Korea, Iran, Europe and parts of North America.  Economic […]

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Amir Taaki on Bitcoin and Building Dissident Technology in 2020

Amir Taaki was one of Bitcoin’s first-ever dedicated developers and perhaps the one most infamously focused on maintaining privacy and freedom from authority.  In 2014, Forbes listed Taaki on its “30 Under 30â€� list of technology stars for creating Dark Wallet, the first privacy-focused Bitcoin wallet to include a CoinJoin mixer. That same year, Taaki received even more notoriety as Dark Wallet was twice named in the Financial Action Task Force’s (FATF) report on the potential money-laundering and terrorist-financing risks posed by cryptocurrencies.  In 2015, Taaki traveled […]

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Crypto Taxes a ‘Nightmare’ — Congress Hears the Latest on Blockchain for Small Business

A Protocol Labs General Council member bashed the current crypto tax scene at a recent congressional hearing on blockchain tech. In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity.  “Doing your taxes for crypto is the worst nightmare,” Protocol Labs General Council member Marvin Ammori said, fielding a question from U.S. Representative Steve Chabot on blockchain’s status in terms of whether or […]

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Nigerian Naira Is First African Fiat Currency Supported on Binance P2P

After launching Nigerian Naira deposits in October 2019, Binance adds support of NGN as its first African currency for P2P trading. As part of ongoing fiat-to-crypto expansion, major cryptocurrency Binance is adding support for the Nigerian Naira (NGN) on its peer-to-peer (P2P) platform. Binance P2P, a consumer-to-consumer business arm of Binance exchange, is rolling out support for the first African fiat currency on its platform. According to an announcement shared with Cointelegraph, Binance P2P users can trade major cryptocurrencies such as Bitcoin (BTC) using NGN with zero […]

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Binance Halts Trading Again, Does Not Appreciate Offer of ‘Help’ From OKEx

Changpeng Zhao, the co-founder and CEO of major crypto exchange Binance, did not appreciate the public help offer of the CEO of competing exchange OKEx, Jay Hao. Changpeng Zhao, the co-founder and CEO of major crypto exchange Binance, did not appreciate the public help offer of the CEO of competing exchange OKEx, Jay Hao in response to Binance’s new halt on trading. On Mar. 4, Binance announced that it has initiated unscheduled system maintenance. The work on the exchange’s infrastructure was completed by press time. As a […]

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