Uttar Pradesh, a state in northern India is testing a blockchain-enabled peer-to-peer solar energy trading platform. The blockchain start-up, Power Ledger in partnership with India Smart Grid Forum (ISGF) and state utilities will run the pilot in few selected government buildings in the Lucknow city with rooftop solar panels installed....
EOS platform, a popular choice for hosting dApps is facing severe network congestion due to one dapp, EIDOS. Similar to what Cryptokitty did to the Ethereum network, EIDOS dapp has blocked the entire network since Nov 1st by taking up most of the transaction processing. EOS network known for speed...
Europe is planning to build an improved instant payment system to overcome the dominance of US-based payment providers such as Visa, Mastercard, PayPal, etc in Europe. To overcome this threat, the European central bank (ECB) aims to roll out a pan-European instant payment by the end of 2021. Source: Reuters....
South Korean cryptocurrency exchange Upbit got hacked resulting in 342,000 ETH (approx $50.6 Million) stolen from their hot wallet. The hack happened on Nov 27th, 2019 at 5:06 AM (GMT+1). The stolen amount was moved from Upbit’s ETH hot wallet to the following address: 0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029. As a result, Upbit has...
TransferGo, a digital remittance solution for migrant workers is looking to move to Ripple’s On-Demand Liquidity (ODL) payment platform. Ripple’s On-Demand Liquidity (ODL) platform leverages XRP cryptocurrency as a bridge for cross border payments. In 2018 TransferGo partnered with Ripple to help Indian migrant workers send money from Europe to...
Many don’t associate cryptocurrencies with things such as video games, but the coins have already tapped into some of our most beloved games and it seems they’re not about to go anywhere. Esports fans have already been given cryptocurrencies to play within a popular MOBA game, called League of Legends,...
The collapse of Lehman Brothers in 2008 triggered the global financial crisis. To combat, central banks cut the interest rates to near zero. A decade later, interest rates still remain low in most countries. With no room to further cut rates, some central banks have implemented unconventional policy measures, a...
Bakkt prepares to offer cash-settled bitcoin futures. Bakkt announced the development in a press release issued on Nov 21st. The new contract will be listed on ICE Futures Singapore and cleared by ICE Clear Singapore, which is regulated by the Monetary Authority of Singapore. Bakkt wants to set itself apart...
€400 million was decided to be funneled into AI and blockchain projects in Europe. The decision was made by the European Commission as well as the European Investment Fund. The investment is going to put the European Union in a leading spot in terms of funds invested in the blockchain...
After Shanghai, the Shenzhen government is also now investigating cryptocurrency exchanges. The move comes to be a fresh step to crack down on crypto-related businesses in China. As per the reports, the finance bureau of Shenzhen has identified undisclosed 39 entities suspected of involvement in crypto-related Ponzi / fraud schemes....
