Blockchain
LG CNS - the IT subsidiary of South Korean tech giant LG Corporation has announced today its pilot test of a digital currency payment system using facial recognition. According to the official announcement, the blockchain-based digital currency will be tested first in the company's internal cafeterias, allowing employees
Education & News
Facebook’s Libra Foundation recently released another version of its whitepaper, revealing plans to shift its focus. It looks to cater more to central banks as it develops digital currencies. The organization is making changes in an attempt to avoid intense regulatory pressure. Libra Foundation Whiepaper Changes in the new
Education & News
The Dutch Central Bank - De Nederlandsche Bank (DNB) in a recent report, said it is ready to be proving ground for a central bank digital currency (CBDC) test in the European region. According to a 45-page document by the DNB, it said "we are ready to play a
Education & News
Reddit appears to be joining the cryptocurrency race with ETH rewards system. A recent user report suggests that users of certain subreddits could soon be rewarded with digital benefits stored using ERC-20 token standards. Reddit Works on ETH Rewards System A decentralized system could be created, allowing users to exercise
Education & News
Crude oil recently hit a 21-year low as U.S. benchmark West Texas Intermediate (WTI) fell to an intraday low of $14.62. The downward spiral of oil prices has led many to believe that the value of the commodity will eventually fall to $0. Virgin Galactic Chairman on Oil
Bitcoin
A look at recent data suggests that a portion of U.S. citizens may be spending their coronavirus stimulus checks on buying Bitcoin (BTC). According to a chart published by Brian Armstrong, CEO of Coinbase, there has been a four-fold spike in deposits and buys worth $1,200 during this
Blockchain
While rumours abound about the testing phase of China's digital currency. Local media outlets believe that tests will begin sooner than expected. China’s national digital currency or as they call it, “DC/EP” has been in development for 5 years now. And there has been plenty of
Bitcoin
United States - Wyoming has amended its state code to now allow local insurance companies invest in digital assets such as Bitcoin (BTC). The new law was signed by Wyoming Governor Mark Gordon, and will take effect from July 1, 2020 according to information from the Wyoming State Legislature. A
Blockchain
Ant Financial, the fintech subsidiary of Chinese e-commerce giant Alibaba Group, and founding company of AliPay, has launched its consortium blockchain. The blockhain platform dubbed "OpenChain" will support small and medium scale enterprises (SMEs) to deploy blockchain applications with higher efficiency and lower cost. Speaking on the project,
Blockchain
The Government of China has announced members of its national blockchain committee, a team set to work on setting industrial standards within the country. According to the announcement by China's Ministry of Industry and Information Technology (MIIT), the committee named "National Blockchain and Distributed Ledger Technology Standardization
Bitcoin
China's Blockchain Research Institute under the auspice of the Center for Information and Industry Development (CCID) has released the 17th publication of its bi-monthly public blockchain technology evaluation index. The index ranks 37 coins and tokens of the most widely used public blockchains by evaluating their total scores
Africa
The new Forbes Billionaire List 2020 consists a total of 2,095 rich names from across the world. The cryptocurrency and blockchain industry is well represented by four (4) entrepreneurs who made their fortunes from the niche. According to the Forbes List, the richest man in the crypto sphere is