Monthly Archives: July 2020

Institutions Will Drive Mass Adoption of Blockchain in Finance, Says Expert

Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure. Benjamin Soh, founder of blockchain development firm STACS, said that institutional players, not business-to-consumer companies, will drive the mass adoption of financial infrastructure built on blockchain technology.  During the Unitize virtual conference, Soh said that if they could bring bank institutions to use the blockchain, millions of bank customers will automatically be a part of the blockchain finance infrastructure without them even knowing. Providing bank customers with a blockchain-based […]

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Mercedes-Benz Manufacturer Daimler to Collect Data Using Blockchain

Mercedes-Benz’ parent company has partnered with Ocean Protocol to use blockchain technology to privately collect and package data for monetization. Ocean Protocol, a decentralized data exchange protocol focussed on data collation, sharing, and monetization, has announced a pilot project partnering with Mercedes-Benz’ manufacturer Daimler AG. Daimler’s South East Asia subsidiary will use blockchain-based solutions to gather and monetize the firm’s data. The pilot will demonstrate Ocean Protocol’s recently launched “Compute-to-Data” protocol to protect the privacy of Daimler’s data while allowing the information to be analyzed and aggregated […]

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Chinese Province to Use Quarkchain for Construction Resource Management

Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Blockchain firm Quarkchain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Quarkchain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB). This platform will be used by the local administration for construction resource management and trading.  Quarkchain stated that, while limited construction materials are mostly located in a specific area, they are widely distributed to many places, creating the need for a […]

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3 Reasons Cardano (ADA) Suddenly Surged by 85% in 10 Days

The price of Cardano (ADA) increased by 85% in 10 days, officially surpassing Bitcoin SV to become the sixth-biggest cryptocurrency by market cap. The price of Cardano (ADA) increased from $0.074 to $0.137, by more than 85% in less than two weeks. It surpassed Bitcoin SV (BSV) to become the sixth-largest cryptocurrency by market capitalization. Cardano surpasses Bitcoin SV in market capitalization. Source: CoinMarketCap.com Three factors likely caused the intense rally of ADA in recent weeks. The potential catalysts are the new Shelley upgrade, favorable market structure […]

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Bitcoin S2F Model Creator Reveals 4 Reasons Why He First Bought BTC

Fixed supply and interest rates that refuse to turn negative were among the top advantages of swapping fiat for BTC, says PlanB. Bitcoin (BTC) was the top choice of famous analyst PlanB thanks to its scarcity and zero likelihood of negative interest rates. In a series of tweets on July 7, the creator of Bitcoin’s stock-to-flow price model explained what drove him to buy the cryptocurrency. PlanB: “Most people are asleepâ€� on BTC PlanB has become well known as an outspoken BTC supporter. His price model has […]

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Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain

A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd. In its first-ever, the Chinese steelmaker Nanjing Iron and Steel Company said it has completed an iron ore trade on the blockchain. The steel company obtained a $16.87 million shipment of steelmaking ingredients from the joint venture between the multinational mining group Rio Tinto and Hancock Prospecting Pty. Ltd. The shipment included 170,000 tonnes of Australian iron ore fines and lump. According […]

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Ride-Hailing Giant DiDi Joins China’s Digital Yuan Project

The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan. Chinese ride-hailing juggernaut DiDi Chuxing has joined the digital yuan project, a CBDC developed by the People’s Bank of China, or PBoC. According to an announcement  DiDi shared with Cointelegraph earlier today, the company has entered into “a strategic partnershipâ€� with the Digital Currency Research Institute of the PBoC. Together, DiDi and the PBoC’s think tank will reportedly work to bring the DC/EP solution to the former’s large-scale […]

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TikTok Sends Dogecoin Price to 2-Year High as Twitter Says ‘Be Smart’

Gains from a fresh viral campaign in support of DOGE on TikTok lead to an appeal to speculators from the @Dogecoin account. Meme-based cryptocurrency Dogecoin (DOGE) is warning traders against speculation after its price gained 50% in 24 hours. In a tweet on July 8, the controller of the @Dogecoin Twitter account appealed to buyers to “be mindful of the intentions people have when they direct you to buy things.â€� Dogecoin to traders: Stay safe, be smart DOGE has shot up in recent days thanks to a […]

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Bitcoin Price Stalls at $9,300, Altcoins Rally to New Multi-Year Highs

As Bitcoin price stalled at $9,300 again, altcoins capitalized on the sideways price action to rally to new multi-year highs. Within the last few hours Bitcoin (BTC) price pushed above $9,300 after struggling to hold the $9,300-$9,400 level for the past three days.  The move was accompanied by a notable surge in purchasing volume which is exactly what is needed given that on July 6 and 7 the Bitcoin price formed a tweezer top and rejected at $9,374.  Crypto market weekly price chart. Source: Coin360 Currently the […]

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Study: 89% Worry What Happens to Their Crypto After They Die

Millennials and Zoomers are the least likely crypto investors to have a plan for their digital assets should they die unexpectedly. Most younger crypto holders don’t have any kind of plan to pass down their digital assets when they die. According to a survey conducted among 1,150 participants between October 2019 and June  2020 by the Cremation Institute, the majority of crypto holders are concerned about passing on their assets after they die, but a large proportion fail to use wills, trusts, or proper instructions for beneficiaries. […]

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