Monthly Archives: August 2019

Thai Customs Department Plans to Use IBM’s Tradelens to Track Shipping

Thailand’s Customs Department plans to use IBM’s Tradelens blockchain shipment tracking solution, first at a port in Chon Buri and later in Bangkok. Thailand’s Customs Department intends to use IBM’s Tradelens blockchain solution to track shipping in Thai ports. According to an announcement published on Aug. 28 on the Thai Customs Department’s official website, the country plans to use Tradelens, a blockchain logistics system. Local news outlet Bangkok Post reported the next day that the platform is expected to streamline operations by managing shipment tracking and information […]

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Crypto Lending Platforms Prepare to Assail the Banking System

The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come join us. Where we’re going, you won’t need banks.” It’s an enticing call – but is anyone heeding it? Also read: Crypto Salaries Gain Regulatory Recognition Around the World Crypto Lending: Innovation […]

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Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop

Bitcoin price is hovering around $9,500, having seemingly stabilized around the price it fell to yesterday, while the rest of the crypto market is largely red. Thursday, Aug. 29 — Top cryptocurrencies Bitcoin (BTC) and Ether (ETH) are still in the red, though XRP has managed to see minor gains on the day.  Market visualization. Source: Coin360 Bitcoin is trading at $9,496 at press time, marking a 1.85% price drop on the day. Yesterday, BTC, ETH and XRP all dropped sharply in price from 5:45 p.m. to […]

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Dharma Announces Closed Beta for Version 2 of Lending Platform

Cryptocurrency lending and borrowing firm Dharma has released a closed beta for its new platform, which is based on the Compound protocol. San Francisco-based crypto lending and borrowing firm Dharma has announced the start of a closed beta for a new version of its platform. Upcoming changes and short-term timeline Dharma announced its new platform iteration in an official blog post on Aug. 29. According to the announcement, Dharma has partnered with the Ethereum-based money market Compound and will reportedly use its protocol as infrastructure for the […]

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US SEC Reaches $10 Million Settlement with Digital Assets Issuers

The United States Securities and Exchange Commission reaches $10 million settlement with a Dallas-based digital assets company and its founders. The United States Securities and Exchange Commission (SEC), a primary governmental regulator, has settled charges with digital assets company Bitqyck Inc. and its founders. Smart contracts and crypto mining? The SEC announced the development in a press release on Aug. 29. According to the announcement, Bruce Bise and Sam Mendez­ are the founders of Bitqyck — a company that provided security offerings for digital assets Bitqy and […]

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China Telecom Releases White Paper on 5G Blockchain Phones

According to China Telecom, the current level of blockchain smartphones’ adoption is low, while device performance is poor. Major phone operator China Telecom has released a white paper on blockchain-powered smartphones in the 5G Era. China Telecom introduced the white paper at the China International Intelligent Industry Expo on Aug. 27, according to a report by local finance news outlet Sina. Existing troubles In the document, China Telecom pointed out the potential benefits of applying blockchain technology to mobile phones, including automation and transaction traceability. According to […]

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Cryptocurrencies Such as Bitcoin Cash Shine During Hong Kong Protests

The Hong Kong protests started in June 2019 over a controversial bill and now after weeks of demonstrations, marching citizens are fighting for the future of Hong Kong. In the midst of all the activists protesting, digital currencies like bitcoin cash are being promoted as a way for people to remove themselves from China’s system. Also Read: Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products Hong Kong Protests Continue Into the 12th Week It’s been more than 12 weeks of protests in Hong Kong that […]

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Stablecoins Vulnerable to Regulatory Uncertainty: European Central Bank

The European Central Bank releases a new paper devoted to stablecoins, providing taxonomy based on key stability mechanisms and recommending clear regulation. Stablecoins with a clear governance framework may be hampered by the uncertainty of the lack of regulation, according to the European Central Bank (ECB). Four major types of stablecoins outlined On Aug. 29, the ECB released a new paper devoted to stablecoins, which it describes as digital units of value that are not a form of any specific currency but rather rely on a set […]

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New Parity Update Fixes a Vulnerability Present in Some ETH Nodes

Parity, a blockchain development firm, has fixed a remote crash vulnerability present in some instances of Ethereum nodes running its software. Blockchain software development firm Parity released an update for its Ethereum (ETH) node software which fixes a vulnerability present in some instances. Remote node crashing vulnerability In a blog post published on Aug. 29, Parity announced the release of an update for its Ethereum node software fixing the Remote Procedure Call (RPC) vulnerability. Per the announcement, nodes running Parity’s software with manually enabled public-facing RPC could […]

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Binance Launches Dev Education and Collaboration Platform Binance X

Crypto exchange Binance has launched its new developer-focused platform Binance X to foster new blockchain and crypto projects. Major global crypto exchange Binance has introduced its new developer-focused project, called Binance X.  Bringing devs to relevant Binance programs The exchange launched Binance X on Aug. 29, aiming to provide blockchain developers with all necessary resources to drive new solutions on Binance’s projects, as well as in the whole blockchain ecosystem, according to a press release shared with Cointelegraph. Binance X platform will reportedly support developers and their […]

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