SWIFT India Partners With Fintech Firm for Blockchain Pilot

SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20. SWIFT India is a joint venture established by SWIFT SCRL (Society for Worldwide Interbank Financial Telecommunication) and a number of major Indian […]

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Three Blockchain Finalists in Branson’s Extreme Tech Challenge

Image: Blockchain, Sashkin, Shutterstock Billionaire and tech personality Richard Branson’s Extreme Tech Challenge 2019 contest has been narrowed down to ten teams and three of them use the blockchain. The 2018 winner of the event was Power Ledger, a blockchain company focused on green energy solutions. The ten teams will be narrowed down to three […]

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mining profits sink as crypto values decline, many platforms on shaky ground

The recent drop in values has created anxiety among many players in the crypto space, perhaps none more so than miners, many of whom have begun to experience losses for the first time. Mining is the underlying foundation for proof-of-work (PoW) cryptos, as it ensures decentralization and maintains consensus. Thus, the lack of profitability over […]

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OKEx Rebuffs Market Manipulation Claims Over Early Bitcoin Cash Futures Settlement

The world’s second-largest cryptocurrency exchange OKEx hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash (BCH) futures settlements in a fresh statement Nov. 20 sent to Cointelegraph. The exchange, which opted to deliver BCH futures early due to the coin’s contentious hard fork Nov. 15, subsequently saw a barrage of negative publicity over […]

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Humans.net Launches Blockchain-Backed Freelancer Marketplace

Humans.net homepage Humans.net has officially launched its peer-to-peer, blockchain-based freelancer marketplace, following a US$10 million seed funding round and a successful trial run in the US that attracted 200,000 users. Humans.net aims to streamline and improve the process of searching for and hiring freelancers by eliminating middlemen and instead, leveraging blockchain technology and artificial intelligence […]

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China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization

A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry. The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain […]

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Gem Launches Crypto Portfolio Management App

US-based crypto startup BitVault, Inc., doing business as  Gem, has announced the launch of its consumer crypto portfolio app that lets users track all their crypto accounts in one single app. The app, initially announced in April, syncs with all major platforms and provides key metrics of how users’ investments are doing. The company said […]

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Nvidia: Cryptocurrency Mining no Factor for Company Moving Forward

Nvidia, one of the world’s largest chipmakers known for their affiliation with gaming studios and publishers, did enjoy a significant boost in sales last year, during the crypto craze which emptied the GPU shelves of many stores. All but the lowest-tier GPUs were sold out, and Nvidia saw this as an opportunity to create their […]

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Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs […]

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