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Filecoin (FIL) Token Price Sees Massive Plunge Days after Launch as Miners Go on Strike
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Filecoin (FIL) Token Price Sees Massive Plunge Days after Launch as Miners Go on Strike

Filecoin was launched on Oct. 15, and just after one day after its mainnet launch, its miners turned off their machines to protest against the protocol.

World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread
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World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread

With coronavirus (COVID-19) prevention measures necessitating self-isolation and social distancing, Friend of the Sea (FOS), a World Sustainability Organization’s project for seafood certification, has embraced blockchain-enabled virtual audits to mitigate the expansion of this pandemic. As a result, FOS has eradicated onsite scrutinies because safety is of the essence during these trying times.

Avo Receives First Virtual General Insurer License in Hong Kong
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Avo Receives First Virtual General Insurer License in Hong Kong

Hong Kong’s Insurance Authority (IA) announced on Tuesday that it has granted the first authorization for virtual general insurance under Fast Track. The license was granted to Avo, a local insurtech company providing products like health and travel insurance.

Mastercard Launches Virtual Platform to Help Governments Test CBDCs
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Mastercard Launches Virtual Platform to Help Governments Test CBDCs

Payment giant Mastercard has unveiled a virtual platform that will enable central banks to assess and explore Central Bank Digital Currencies (CBDCs).

InvestHK unveils details of virtual StartmeupHK Festival 2020
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InvestHK unveils details of virtual StartmeupHK Festival 2020

Invest Hong Kong (InvestHK) announced details of its five-day StartmeupHK Festival 2020, which will run from July 6 to 10. Befitting its theme of startups and technology, the festival is making the unprecedented move of transforming from an in-person event to a fully virtual experience.

China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS
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China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

Hyperledger Fabric, Ethereum, EOS, ChainSQL, WeBank’s FISCO BCOS, and Baidu’s Xuperchain are also planned to be added to the “ecosystem play,” and “internet environment,” as explained by Zhiguang Shan, the Chairman of the BSN’s Development Association. This network of blockchains will be available for those who are interested to take part in it, including small to medium-sized businesses.

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain
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CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

The CFTC has scheduled a virtual meeting for Thursday, July 16th where its Technical Advisory Committee will discuss matters around on cryptocurrencies and DLT.

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam
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Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.

A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services
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A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services

During Hong Kong Fintech Week 2019, Blockchain.News spoke with Deniz Güven, the CEO of the Virtual Bank by Standard Chartered, to understand the current developments and the new technology behind it. The Virtual Bank by Standard Chartered was one of the first granted a virtual banking license on March 27, 2019, from the HKMA along with two other licensees, Livi VB Limited and ZhongAn Virtual Finance Limited.

SiGMA Europe Virtual Expo will focus on the European gaming and tech marketplace
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SiGMA Europe Virtual Expo will focus on the European gaming and tech marketplace

SiGMA Group is excited to announce the launch of their November event, SiGMA Europe Virtual Expo. The online event, which runs from the 24th to 25th, will focus on the European gaming and tech marketplace.

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT
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Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.

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