Last month a draft bill titled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019” circulated. The draft bill has proposed up to a 10-year prison sentence for individuals who mine, generate, hold, sell, transfer, issue or deal in cryptocurrencies. It is expected that the Indian Government will...
Leading Indian company Reliance announced their plans to expand their footprint in digital space. The company plans to do so by investing in 3 next-generation technologies which include Blockchain technology. The other two areas are – Edge computing and cloud infrastructure. Reliance is one of the largest publicly-traded company in...
South Korean messaging app ‘KakaoTalk’ preparing to launch its own cryptocurrency wallet “Klip” developed by Kakao’s blockchain subsidiary, GroundX. The wallet will support the company’s native token “Klay” and support cryptocurrencies issued on its native blockchain “Klaytn”. Kakao’s blockchain partners include Airbloc, Pebble, and Spin Protocol. Source:[inlinetweet]KakaoTalk released the crypto...
Commerzbank, Germany’s second-largest bank has developed a blockchain-based machine-to-machine payment solution. As a result of digitalization with DLT, machines are interconnected with each other to operate with a high degree of autonomy enabling automatic settlement of mutual payments. To test this fully automated payment process, a transaction was placed between...
Recently U.S. treasury yield curve inverted to flag a possible future economic recession. Economists are getting nervous due to inverted yield curve historical correlation which accurately indicated the previous 7 recession cycles. The cause of this can often be attributed to a weak economy which causes inflation to drop below the...
During the 2019 bull run, the need to expand the investment portfolio has also brought focus to lending projects making decentralized finance (DeFi) projects crowd favorite.
The Information and data privacy authorities from Australia, UK, Canada, U.S., and the European Union have issued a joint statement expressing concerns about the privacy risks posed by the Facebook blockchain project – Libra digital currency and infrastructure. Source: OAIC media release statement Given Facebook Inc involvement in the past...
Mastercard appears to be building a cryptocurrency wallet. As per the companies job portal, they seek to hire the following three roles. – Director, Product Management – Crypto Currency/ Wallets – Link– Director, Product Development & Innovation – Blockchain Solutions Architect – Link– VP, Product Management – Blockchain/Crypto – Link...
Retail giant Walmart is planning to develop their own blockchain-protected digital currency named ‘WMT’, a USD pegged stable coin. According to the patent filed on 2nd Aug 2019, the users of digital currency can buy goods/services at selected retailers/partners. Source: U.S. patent and trademark application database ID # US020190236564A1. The...
The United States Securities and Exchanges Commission (SEC) plans to gather financial data (transaction records) from Bitcoin and Ethereum ledger through contractors, in addition to as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger and plans to add more blockchain entrants as...
