This South Korean company joined forces with Samsung to forward requests to insurance companies using Blockchain technology. South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods. Before now, users had to visit a technical repair office to receive insurance benefits for damaged phones, according to Itbiznews. Successful visits would conclude with a claim receipt, which they then had to forward via email or fax to the […]

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This Eastern European proof-of-stake upstart believes it has better technology than Cardano, EOS, & Algorand. Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world. This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elrond CEO, Beniamin Mincu, told Cointelegraph that Binance’s IEO process was very tough. He explained though that through perseverance, the project was able to raise the necessary funds, and receive significant exposure. Ethereum 2.0 — ahead of […]

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OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies. OKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies. According to a July 3 announcement, OKEx users can now buy Bitcoin (BTC) and Ether (ETH) in exchange for the Argentine peso (ARS), the Brazilian real (BRL), and the Mexican peso (MXN) via a direct bank transfer. OKEx implements Settle Network’s Latamex tool OKEx’s partnership with a company called […]

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Bitcoin and many altcoins are struggling to rise above the 20-day EMA, suggesting bears have the advantage in the short-term. Tesla’s market capitalization has surged from about $76 billion at the start of 2020 to $224.18 billion at market close on July 2. This unending rally has also made it the largest car company in terms of market capitalization, even though it produces only a fraction of cars compared to the second-ranked Toyota motors. One of the reasons for the sharp rise in Tesla’s stock is investors’ […]

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Kraken Head of Business Dan Held explains why he believes Bitcoin could reach $1,000,000. Kraken’s head of business, Dan Held, has been involved in crypto since 2013. In his latest interview with Cointelegraph, he dives into the early crypto meetups in San Francisco’s Mission District and explains how the price of one Bitcoin (BTC) could eventually reach a million dollars. Watch the full interview for a trip down memory lane and a roadmap of Bitcoin’s future. Held also explains why Bitcoin could become a “very boringâ€� asset and […]

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Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The U.S. is preparing for its Independence Day tomorrow. New spikes in positive COVID-19 tests will put a damper on some but not all of the traditional fireworks, cookouts and Martina McBride. On the same day, new changes to the Russian Constitution, including […]

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Originally scheduled for launch in fall 2019, Block.one’s blockchain social media platform Voice briefly went live on July 3. Voice, a blockchain-based social media project developed by EOS creator Block.One, briefly went live one day before its scheduled launch. Based on the open source EOSIO protocol, Voice aims to use Blockchain technology to create a trusted social experience, free from bots and fake accounts. Revealed in June 2019, the project uses biometric authentication technology to verify every account, limiting accounts to one-per-person and promising to protect user […]

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Ethereum’s 2020 DeFi boom came at the cost of its gaming ecosystem. Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi. Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions. According to Our Network, Curve was one of the biggest beneficiaries of yield farming as it helped users switch between different stablecoins to maximize yield. Curve is an automated money […]

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Cardano’s ADA may be listed on Coinbase by the end of 2020, this comes on the heels of the announcement that ADA holders will be able to stake their assets locked in the exchange’s vault. Cardano’s native cryptocurrency, ADA (ADA), may be listed on Coinbase by the end of 2020. This news comes following an announcement that ADA holders will soon be able to stake their assets in Coinbase custody. More announcements coming in 2020 An IOHK (Cardano development company) spokesperson released the following statement to Cointelegraph […]

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