Monthly Archives: April 2020

Facebook Buys Stake in Reliance Jio — How the Deal Affects Cryptocurrency in India

Facebook is buying a stake in Reliance Jio, India’s largest telecom operator. The deal has boosted Reliance Industries’ share price and is welcomed by the Indian cryptocurrency community. Besides Facebook’s investment into Reliance Jio, Whatsapp has also entered into a partnership with Jio Platforms and Reliance Retail. Facebook Invests in Reliance Jio — Largest FDI in India’s Tech Sector Social media giant Facebook announced on Wednesday that it is buying a stake in Reliance Jio, the largest private sector company in India. Facebook signed binding agreements to […]

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Managing Crowds as Virus Restrictions Ease Will Take GUTS

Dutch company GUTS has come up with a novel blockchain-based system for managing crowds in public places to minimize risks as pandemic restrictions are eased. As more and more countries seek to ease strict lockdown restrictions, challenges lie ahead managing social distancing in public places to mitigate the risks of a second wave of infections. GUTS, a Dutch blockchain ticketing company, revealed on April 22 that it has devised a digital access system to regulate crowds and demographics in public spaces. The system is a modification of […]

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Recap of Cointelegraph Talks: Greenback 2.0 — the Digital Dollar

Speakers from Binance.​US, BRD, and Vanderbilt Law have weighed in on the pros and cons of a U.S. Fed-backed digital dollar for Cointelegraph Talks. On April 21, Cointelegraph hosted its first virtual Cointelegraph Talks meetup. The event consisted of two expert panels discussing major news and developments in the crypto world today, especially in light of the COVID-19 pandemic. What we heard on Greenback 2.0 The panel tackling the subject of a United States central bank-backed digital dollar, featured guests with backgrounds in crypto, software, finance, legal […]

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Stablecoin On-Chain Activity Grows 800% in a Year

The on-chain activity for stablecoins has increased 800% in the last 12 months. The on-chain activity for stablecoins has increased 800% in the last 12 months according to market intelligence firm TokenAnalyst. This growth is not surprising considering the overall growth of the stablecoin niche. The combined market cap for all stablecoins ranks third in size behind Bitcoin (BTC) and Ether (ETH) and ahead of XRP (XRP).  Over the past year, $290 billion of stablecoins were moved on-chain — in March alone $50.9 billion in value was […]

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Russia May Lift Telegram Ban Due to Coronavirus Outbreak

Russian officials have proposed lifting the Telegram ban after the app’s creator Pavel Durov agreed to collaborate with the authorities on tackling coronavirus. After years of unsuccessful efforts to block Telegram in Russia, the country’s government is now considering lifting the ban due to the coronavirus outbreak. According to an April 22 report by Russian news agency Kommersant, two deputies at the State Duma have prepared a draft bill on terminating the ban of Telegram’s encrypted messenger app in Russia. If you can’t beat it, join it […]

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