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US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

The US Declares China a ‘Currency Manipulator’ The US Treasury Department officially designated China as a “currency manipulator” on Monday following the most significant stock market losses the US has seen in 2019. There was a 2.9% plunge overnight in the Dow Jones Industrial Average, Nasdaq down 3.4% while Bitcoin is up 3.2% as tweeted by Tim Draper. In a … Continue reading US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report

Ever since Bitcoin came into existence in 2008, mass adoption of the technology has always seemed like a very distant reality, but a new report reveals that we are getting much closer than ever before. According to a report shared by Hootsuite citing GlobalWebIndex, 11% of all Indonesians own some kind of cryptocurrency. The total population … Continue reading 1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report

The Networked Ledger—The Evolution of Blockchain Software from Bitcoin to Ethereum

On October 31st, 2008, a person, or group of people depending on who you ask, named Satoshi Nakamoto released the email titled, “Bitcoin P2P e-cash paper.” I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. — Satoshi Nakamoto Here, Nakamoto details why autonomous digital currencies haven’t emerged in an … Continue reading The Networked Ledger—The Evolution of Blockchain Software from Bitcoin to Ethereum

China's Tencent Forms Alliance to Boost Blockchain Development in the Country

China remains a pacesetter in the technological landscape. The Chinese government as well as Chinese companies are all in tandem with the fight to push for a whole new world of technological dominance. This developmental posture is also true of Tencent, one of China’s technologically focused firms that announced it has formed an industrial alliance … Continue reading China's Tencent Forms Alliance to Boost Blockchain Development in the Country

Regulated Blockchain Will Power Central Bank Digital Currencies

So far, the story of blockchain has been one of the new financial services built on decentralised technology. As the continuing prominence of Bitcoin demonstrates, these decentralised finance, or DeFi, applications have built up a following amongst a band of loyal supporters. However, to say that blockchain has reached its full potential as a transformational … Continue reading Regulated Blockchain Will Power Central Bank Digital Currencies

Why the World Needs a Blockchain Consensus Operating System

The true potential of blockchain to transform the lives of people around the world has clearly not been realized. For all the progress that could have been made so far, the reality is that this powerful technology remains the preserve of a small group of technology and finance enthusiasts. What I find so disappointing about … Continue reading Why the World Needs a Blockchain Consensus Operating System

The Future of Blockchain Is Regulated, Permissioned And Decentralized

Blockchain has come a long way since it was first proposed as the technology powering Bitcoin’s distributed ledger. Since then, it has come to be understood as a technology that exists in its own right, as the base layer of second-generation blockchain networks that are the foundation for all kinds of decentralized applications, or Apps. … Continue reading The Future of Blockchain Is Regulated, Permissioned And Decentralized

US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

The United States Office of the Comptroller of the Currency (OCC) issued a public letter on July 22, clarifying that federal savings associations and national banks have the legal right to take custody of crypto-assets. The OCC is an independent bureau within the US Department of The Treasury and was established to supervise, regulate, and … Continue reading US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

Adam Back Denies Being Bitcoin Creator, Claims No One Knows Satoshi Nakamoto's True Identity

On the latest episode of the Unchained podcast, David Chaum, the CEO of Elixxir and inventor of eCash, and Adam Back, the CEO of Blockstream and inventor of Hashcash, discussed their involvement in the digital currency before Bitcoin existed. Adam Back shares his thoughts on the biggest mystery behind Bitcoin and denies that he is … Continue reading Adam Back Denies Being Bitcoin Creator, Claims No One Knows Satoshi Nakamoto's True Identity

Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

Coronavirus has driven global economies and businesses to the ground, but one industry that has benefitted from the pandemic appears to be the tech sector. With the coronavirus pandemic, China and US tech giants have boomed in business, with social distancing being emphasized globally. Although the future is uncertain for every business industry, digital trends … Continue reading Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?