Monthly Archives: March 2020

Investment Platform Republic Aims for Asset Creation on Algorand Chain

Investment platform Republic plans to build its own digital asset on Algorand’s blockchain, allowing financial exposure to company. Republic, a platform letting users invest in early-stage companies, announced plans to launch its own digital asset on Algorand’s blockchain.  “We are excited to be using their cutting edge blockchain technology to enable the creation of a new dynamic digital asset,” Republic co-founder Kendrick Nguyen said of Algorand in a March 17 statement provided to Cointelegraph. The asset will allow the public access to the success or failure of […]

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IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services

KuCoin exchange establishes KuGroup, a core division of the company that will manage all three of the company’s businesses. Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. KuCoin announces two new appointments alongside company restructuring According to a March 17 announcement, KuGroup encompasses three business divisions in […]

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Alibaba Imports E-Commerce Platform Adopts Blockchain Traceability System

Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable. Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17.  Blockchain increases logistic transparency  The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to find out the purchasing goods detailed logistic information through scanning a QR code with Alipay.  The […]

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Akon’s Crypto Project Adds Financial Infrastructure Outfit Delchain As Partner

Leading up to its token generation, Akon’s crypto project Akoin has garnered added expertise, partnering with Delchain. Akoin, a cryptocurrency project from famous singer Akon, has joined up with blockchain financial infrastructure company Delchain.  “Bahamas-based digital asset management leader Delchain, an affiliate of Deltec, has provided strategic advisory services and expertise in connection with Akoin’s token generation event on a top tier exchange, scheduled for Q2 of 2020,” Akoin president and co-founder Jon Karas said in an email to Cointelegraph. Delchain is reportedly associated with Deltec Bank […]

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Blockchain Can Save Pharmaceutical Industry $180 Million, Study Says

A new FDA study shows that blockchain technology can save the pharmaceutical industry $180 million in labor costs by tracking and tracing prescription drugs. UCLA Health and LedgerDomain, a blockchain development platform, announced a new study revealing that blockchain technology would save the United States pharmaceutical industry over $180 million each year. The study was launched as part of the U.S. Food and Drug Administration’s Drug Supply Chain Security Act Pilot Project Program. The program is part of a broader effort to develop an electronic, interoperable system […]

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Bitcoin Safe Haven Narrative in Question After Biggest Drop in 7 Years

Bitcoin and Ether still offer better returns than other risk assets during crypto market uptrends and both remain positively correlated with gold in bull and bear markets. Bitcoin (BTC) price is slowly recovering, reaching $5,500, after last week’s Black Monday style market meltdown which led to Bitcoin price pulling back sharply as traditional markets suffered the third worst trading day ever. Monday’s correction was followed by major cryptocurrencies – Ether (ETH), XRP, and Bitcoin Cash (BCH) all losing 11.6%, 8.3%, and 4.2%, respectively.  Crypto market daily price […]

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Bitcoin, Not Governments Will Save the World After Crisis, Tim Draper Says

“When the world comes back, it will be Bitcoin, not banks and governments that save the day,â€� famous investor Tim Draper said. Amid some notable recovery of Bitcoin (BTC) after a number of subsequent market crashes last week, billionaire investor Tim Draper delivered another optimistic forecast about Bitcoin. In a March 16 interview with 415 Stories podcast, Draper outlined decentralization powered by Bitcoin and other new technologies as a major tool that has the “ability to transform the biggest industries in the world.” “It will be Bitcoin, […]

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Chinese Journalist Shares Report on COVID-19 on Ethereum, Bypassing Censor

Journalist Sarah Zheng managed to use Ethereum blockchain to spread an interview on COVID-19 with a doctor in Wuhan amid censorship. Amid censorship in China of all coronavirus-related content circulating online, Sarah Zheng, a journalist for the South China Morning Post, claimed to have managed to publish an interview made to a doctor about the coronavirus within Ethereum network. According to a tweet published by Zheng, Dr. Ai’s words from Wuhan (the epicenter of the COVID-19 outbreak) were posted on the Internet, thanks to the use of […]

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Spanish Securities Watchdog Halts Short Selling Amid Coronavirus Caused Recession

Spain’s National Securities Market Commission has halted short selling in an effort to protect local stocks from the recession caused by the coronavirus epidemic. Spain’s National Securities Market Commission (CNMV) has halted short selling in an effort to secure local stocks from the recession caused by the coronavirus epidemic. The ban will last one month, starting from March 17, with possible extension for additional periods not exceeding three months, Bloomberg reported on March 17. In an email to Bloomberg, the CNMV explained that it made a commitment […]

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Peter Brandt: Impact of Bitcoin Halving Is Grossly Overrated

Famous trader Peter Brandt explained why he is convinced that the impact of the block reward halving is less relevant for Bitcoin’s price than most believe. Famous trader Peter Brandt explained why he is convinced that the impact of the block reward halving is less relevant for Bitcoin’s (BTC) price than most believe. In a March 17 tweet, Brandt explained that he considers the daily trading volume of Bitcoin to be its real supply. Because of this, he believes that the daily reduction of mined Bitcoins is […]

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