United Nations sanction experts are warning people not to attend the upcoming North Korea’s cryptocurrency conference in February 2020. According to Reuters, the confidential report is due to be submitted to the U.N. security council later this month. The report warns that presentations at the conference includes discussion on the...
Thailand’s oldest bank Siam Commercial Bank (SCB) with 16 million customers partners with RippleLabs to develop an SCB mobile payment application that runs on Ripple to deliver instant, low-cost cross-border payments. In recent years the use of mobile payments has become a preferred method, especially in Asia. Eight of the...
StarkWare in the latest tweet said that Ethereum has the potential to scale to 9000 tx/ sec. The team added that the measurements are “not approximations nor estimates” but based on actual test results, adding Istanbul update helped. Last month Ethereum underwent Istanbul update which adds six improvements including reducing...
VeChain Foundation announced that its buyback address was compromised, atoning to a loss of 1.1 billion VET tokens (approx. $6,700,000). Internal investigations are underway to determine the motive, method, and data flow behind this fraudulent act. A section of there announcement reads: “It was most likely due to misconduct of...
In a recent report published by the Swiss Federal council, the council reported that a “Universally accessible [retail] central bank digital currency would bring no additional benefits for Switzerland at present”. However, a Swiss digital currency for wholesale use that is “restricted to financial market players [only]” seems to be...
The maker of Nike received a patent to tokenize shoes on the Ethereum blockchain. According to the patent, Nike intends to use the Ethereum blockchain to generate a unique digital asset for limited-edition footwear. Each digital asset represents ERC-721 token with a unique footwear ID code and records ownership record...
Until now, cryptocurrencies have been additions, rather than substitutes, to the global inventory of money. “Over the next decade, this may change”, according to Deutsche Bank research report. Published this week, the bank predicts that the forces that have held the current fiat system together now look fragile and they...
[inlinetweet]The US Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin don’t see a need for the digital dollar.[/inlinetweet] In a Financial Services Committee hearing held on 5th Dec, The US Treasury Secretary Steven Mnuchin said that- “Chair Powell and I have discussed this at length- we both agree...
A new business area opened up for German banks. Starting in 2020, German banks can sell and have custody of Bitcoin and other crypto-assets. Earlier German banks were not allowed to offer their customers access to crypto assets. Now after the German federal council clearance, banks can provide their customers...
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....
