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Ernst and Young Unveil Blockchain Solution for Public Funds Management

There is viable progress in the integration efforts of many multinational companies to utilize Bitcoin and the scope of blockchain technology as a veritable tool to drive the decentralization of financial services, service rendering, and manufacturing. The latest such company is Ernst and Young which has unveiled its blockchain solutions platform for government fiscal management. … Continue reading Ernst and Young Unveil Blockchain Solution for Public Funds Management

Blockchain-Powered Cross-Border B2B Transactions to Surpass $4.4 Trillion by 2024

According to Juniper Research, blockchain-enabled B2B cross-border payments will be totaling in value by more than $4.4 trillion by 2024. This will be a substantial rise from the current $171 billion. It is speculated that this uptrend will be instigated by the immutable storage provided by blockchain technology, as well as real-time settlement and clearing … Continue reading Blockchain-Powered Cross-Border B2B Transactions to Surpass $4.4 Trillion by 2024

Bitcoin Network Transacts a Whopping $8.9 Billion in a Single Hour

The Bitcoin network has reached an unprecedented level in terms of chain volume as it transacted $ 8.9 billion in one hour on Dec. 5. Rafael Schultze-Kraft, Glassnode’s co-founder, ascertained that this movement made history because it was the highest hourly volume of Bitcoin to be recorded in its 11-year existence.  Bitcoin’s Immense Capabilities Shown … Continue reading Bitcoin Network Transacts a Whopping $8.9 Billion in a Single Hour

Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm

According to a market research report by P&S Intelligence, a business intelligence consulting services firm, the worldwide blockchain devices market was worth $300 million in 2019 but is expected to surpass $23.5 billion in worth by 2030. This trend represents a Compound Annual Growth Rate (CAGR) of 48.7% based on the 2020-2030 forecast period.  Crypto … Continue reading Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm

First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible

As revealed in a recent press release, the Bank of Lithuania has approved a sample size of the physical version of LBCOIN, a silver digital collector coin equivalent in value to €19.18. The coins were produced to commemorate the year of the Act of Independence of Lithuania and its 20 signatories.The sizing and form of … Continue reading First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible

What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

The Wuhan coronavirus death toll hit a daily high, with 565 deaths, and 3694 confirmed cases, a slightly lower number than the day earlier. 28,261 cases of infection have been reported worldwide, with most cases confirmed in Hubei province in China.  Syren Johnstone, the Executive Director of the Masters of Law (Compliance and Regulation) Program the … Continue reading What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

The Tokyo High Court has dismissed the acquittal of a 32-year-old Japanese man who had been let off the hook by the Yokohama District Court in March 2019 after being accused of unlawfully inserting a cryptocurrency mining program dubbed Coinhive. The high court reversed the previous ruling as it found him guilty of secretly inserting … Continue reading Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

With 27 mainland Chinese cities on lockdown, insurance providers have been relying on blockchain technology to fast track claims payouts during the coronavirus outbreak,which has taken over 800 lives, surpassing the death toll of the severe acute respiratory syndrome (SARS) in 2003.   Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is … Continue reading Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes.    The World Health Organization … Continue reading The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China

How Blockchain Can Uphold Creators' Rights and Copyright Law

The Tantive IV’s reactors worked at full power as it attempted to outrun the Imperial Destroyer Devastator as heavy turbo laser fire lit the dark space around both spacecraft. But the slower corvette was no match for the massive hulk of a Star Destroyer. The Devastator‘s gunners scored a direct hit on the Tantive IV‘s … Continue reading How Blockchain Can Uphold Creators' Rights and Copyright Law

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