TECHNOLOGY
Blockchain technology is an ever-growing chain of blocks, where blocks are chained together by cryptographic guaranteed hashes. Within every block are the transaction items and other extra information. It is a combination of a few technologies - cryptography, distributed ledger technology (DLT), Consensus and more.
CEO Of BTCS Explains How The Company Surpassed $1M In Crypto Assets
BTCS Inc. is a publicly-traded cryptocurrency and blockchain company that recently surpassed the $1 million milestone in crypto assets under management (AUM). The landmark achievement comes after crypto prices recovered from the mid-March slump (Black Thursday). Reports indicate that Bitcoin-focused crypto hedge funds are outperforming their more-traditional counterparts. BTCS plans to pursue a measured approach to diversifying its current cryptocurrency holdings. BTCS shares are up more than 215% year-to-date.
Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism
To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.
RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure
RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.
Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report
Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months.
New Revolutionary Trading Platform Allows You to Trade 48 Forex, Indices, Commodities and Cryptocurrency Markets with Your Bitcoin!
Geco.one brings Bitcoin holders the ability to enter the Forex, Indices and Commodities markets - as well as of course the Cryptocurrency markets, for the first time by simply depositing Bitcoin.
First Blockchain National Currency Platform Ready for Central Banks’ CBDC Issuance
The blockchain national currency platform issued by blockchain company Apollo Fintech was finalized and completed on August 12.
Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers
Blockchain-powered driving licenses were made available as an option in South Korea in May.
Russia Plans to Build AI Software to Remove the Anonymity of Users in Crypto Transactions
The Russian agency’s plan involves using artificial intelligence (AI) for its software, as the agency sees an “urgent need to create effective opportunities for state control over the circulation of virtual assets.”
India’s Election Commission Proposed Using Blockchain for Remote E-Voting
India’s Election Commission proposed using blockchain technology as a solution for bringing transparency for remote voting in a discussion on addressing geographical voting issues.
Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps
Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.
China’s Blockchain Service Network Unveils New International English-Based Website
China's Blockchain Service Network, introduced in early 2020, has launched an official international website.
Bitcoin, Ethereum and LINK Could Benefit From Trump's TikTok Ban
President Donald Trump has issued an executive order that seeks to ban TikTok from the United States, following the controversy that the Chinese-owned app raises serious security concerns and that it collects personal information on its users.
Trump Signs TikTok Executive Order and Seeks to Clean the Free World's Networks of China State Tech Espionage
United States President Trump has issued two executive orders against Chinese social media apps TikTok and WeChat, which are suspected of sharing US citizens’ data with the Chinese Communist Party.
Ethereum Uncovers Blockchain Bugs to Stabilize Medalla Testnet
Ethereum developers discussed the technical issues that went wrong during the launch of Medalla testnet and that could have been improved to make the release smoother.
Trump Administration Wants Clean 5G Networks Free of China State Actors
Mike Pompeo, Secretary of State for the Trump administration has announced the expansion of the Clean Network program, outlining five new lines of defense to protect America’s critical telecommunications and technology infrastructure from untrusted Chinese state-owned enterprises like Huawei and ZTE.
