Blockchain

Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

Amazon is looking for a Digital Currency and Blockchain Product Lead according to a recent job post. Is this one step towards crypto adoption? Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies…

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Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance

The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season. An insurance collaboration between decentralized protocol Etherisc and microinsurance issuer ACRE Africa has allowed thousands of farmers in Kenya…

Blockchain Technology by Lee Daniel July 19, 2021

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White House’s anti-ransomware measures likely to have a big impact on blockchain

The White House is determined to combat the perpetrators of ransomware attacks that have disrupted supply chains and other essential services recently. Though the Biden administration is considering a number of options, digital asset and blockchain-related regulation is likely to play a large…

Blockchain Technology by Lee Daniel July 18, 2021

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OK Group inks deal to help China fight money laundering with blockchain

OK Group has partnered with police in Nanjing city to help combat money laundering through its blockchain solutions. The company revealed that its blockchain intelligence solution has already helped Chinese police recover 10 billion yuan ($1.5 billion) in illegal funds and crack dozens of…

Blockchain Fintech Technology by Allen Adam July 18, 2021

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Interlay, a Bitcoin interoperability platform, has raised $3 million in seed funding

According to founder and CEO Alexei Zamyatin, Interlay's objective is to bring its interBTC product to all major blockchains, including Polkadot, Ethereum, and Cosmos. Interlay, a Bitcoin (BTC) interoperability project debuted on Polkadot, has raised $3 million in a seed round to…

Blockchain Technology by Wright Stella July 10, 2021

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The Securities and Exchange Commission has charged individuals linked to a previous iced tea-turned-mining company

According to the regulatory agency, an investor was tipped off about the company's rebranding, which caused the stock price of Long Blockchain to skyrocket. The US Securities and Exchange Commission has charged three people with insider trading in connection with the Long…

Blockchain Technology by Nelson AC July 6, 2021

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IBC Group, a global blockchain company, is shutting down its mining operations in China

The International Blockchain Consulting "IBC" Group has shut down all of its Bitcoin and Ethereum mining operations in China to the Chinese government's crackdown on cryptocurrency. Large portions of the company's operations will be relocated to North and South America, as well…

Blockchain Technology by Walker Luca July 1, 2021

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Trillion-Dollar Oil Firm, Saudi Aramco aims to Spot Fraudulent Job Certificates Using Blockchain

Saudi Aramco’s entrepreneurship arm, Wa’ed, is planning a $1.5 million investment in Dhahran-based blockchain firm, IR4LAB, to spot fraud in job applications, a report from Arab News states. In news first made public on Arab News, the trillion-dollar oil conglomerate, Saudi Aramco is…

Blockchain Technology by Jaxson Clark June 30, 2021

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Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions

Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to reverse fraudulent or criminal transactions. Foster is a physicist and a Democratic Rep for Illinois. The blockchain caucus is…

Blockchain Technology by Lee Daniel June 28, 2021

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Blockchain Technology Not Ideal For CBDCs, SWISS Central Bank Economist Argues

Central bank digital currencies (CBDCs) have little structural benefits to draw from decentralized features of blockchain technology, according to the chief economist at Swiss National Bank Carlos Lenz. Lenz said that blockchain happens to be very inefficient, which nullifies decentralization in CBDCs as…

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