Education & News
Crypto startup, VeChain teams up with auto manufacturer BMW to create a security platform for vehicles. The security platform promises to reduce fraud in the automotive sector. BMW and Crypto Startup Provide Auto Security Platform The alliance between the German car manufacturer and the blockchain startup was strengthened after the
Education & News
As China continues to make progress with its proposed Central Bank Digital Currency (CBDC), recent reports suggest the Asian giant plans to use the currency at the 2022 Winter Olympic Games. According to a report by Reuters, the People's Bank of China (PBOC) - the Chinese Central Bank
Blockchain
The Central Bank of Brazil - Banco Central do Brazil has begun groundwork on a Central Bank Digital Currency (CBDC) as revealed in an official announcement inaugurating a dedicated group set to study the crypto industry. According to the notice, the Central Bank has selected a team of 12 members
Bitcoin
The International Monetary Fund (IMF) has released a video explaining the concept of cryptocurrency, describing it as a possible "next step in the evolution of money." The two-minute video seeks to educate the public on 'What Cryptocurrency is', as it notes that crypto could completely change
Bitcoin
Snappa - a Canada-based graphics software firm has joined the herd of companies who are moving their cash holdings into Bitcoin. Announced on Monday, the startup says it is converting a significant amount of its cash reserves into Bitcoin (BTC); citing concerns over the global inflation and economic certainty as
Education & News
Ethereum software technology company, ConsenSys has acquired Quorum, the blockchain baby of the investment bank, J.P. Morgan. The acquisition of the bank’s open source project, Quorum was revealed on 25 August 2020. ConsenSys' Strategic Investment with Quorum ConsenSys is now maintaining J.P. Morgan’s open-source blockchain
Bitcoin
Dave Portnoy - Barstool Sports founder turned stock market trader has exited the cryptocurrency space; just one week after starting his journey with Bitcoin. The influential stock trader (@stoolpresidente) had announced his interest in Bitcoin to his 1.7 million followers, and after a meeting with the Winklevoss Twins proceeded
Education & News
MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion has invested in Bitcoin as its primary reserve asset. CNN reveals that the company, owned in-part by BlackRock, purchased 21,454 Bitcoin worth $250 million. CNN on BlackRock's 15.24% Stake in Bitcoin According to data provided by
Blockchain
The United States Postal Service (USPS) has filed a patent for a mail-in voting system based on blockchain technology. The patent first filed in February, and was published last week as a safe alternative to physical polling stations in response to the COVID-19 pandemic. A snippet of the postal service
Education & News
Layer1, a Bitcoin mining firm funded in-part by PayPal co-founder Peter Thiel has been accused of copyright infringement. A lawsuit was filed against Bitcoin(BTC) mining firm Layer1 for patent infringement. Mining Company of Paypal Founder Faces Legal Hurdle A complaint filed on August 14 suggests that the power usage
Blockchain
First launched in May 2020, South Korea's blockchain-based drivers license system has hit one million users. This indicates that about 3% of the nation's 32 million driving population have ditched the physical (paper) license for a blockchain-powered digital drivers license. The drivers digital identification card was
Bitcoin
MicroStrategy (MSTR) - a Nasdaq-listed and world's largest business intelligence firm has become the first publicly traded company to buy Bitcoin (BTC) as part of its capital allocation strategy. Announced on Tuesday, the company says it has purchased 21,454 BTC (about $250 million at current market price)