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Paxos Launches Blockchain Settlement Platform Following No-Action Relief From SEC

Paxos Trust Company announced on Oct. 28 that it will go ahead with the launch of its blockchain-enabled Paxos Settlement Service and will begin processing transactions for certain listed U.S. equity securities after receiving ‘No-Action relief’ from the U.S. Securities and Exchange Commission (SEC). The letter from the SEC clearly stated that, “the Staff would … Continue reading Paxos Launches Blockchain Settlement Platform Following No-Action Relief From SEC

Samsung Users Can Now Access TRON Blockchain Network from Their Devices

Blockchain is currently one of the most hyped and widely discussed technologies. This time around, the technology is rocking the telecom industry. Although blockchain technology carries the potential to disrupt business models in telecoms, it can enhance efficiencies and transparency in the process. Mobile phones with blockchain network are on their way to becoming a reality. Already, … Continue reading Samsung Users Can Now Access TRON Blockchain Network from Their Devices

Canadian Investment Fund Manager Receives ‘Favourable Ruling’ From Regulators to Offer Bitcoin Fund

Canadian investment fund manager 3iQ Corp. announced on Oct. 30 that it had received approval from its public hearing by the Ontario Securities Commission (OSC) for a closed-end Bitcoin fund that will be listed for trading on a major Canadian stock exchange.  3iQ announced that it had received a “favourable ruling” from the OSC for “The Bitcoin … Continue reading Canadian Investment Fund Manager Receives ‘Favourable Ruling’ From Regulators to Offer Bitcoin Fund

Mastercard Still Betting on Blockchain Despite Pulling Out from Facebook’s Libra

Mastercard recently pulled out of the Libra Association, along with Visa and PayPal; however, it has been reported that the payment processor is not giving up on blockchain. On Oct. 30, according to Reuters, Mastercard beat Wall Street’s estimates for quarterly profit during an economic slump and continued to spend more on their credit cards, … Continue reading Mastercard Still Betting on Blockchain Despite Pulling Out from Facebook’s Libra

US Customs Agency Seeks to Adopt Blockchain Technology to Track Oil Imports from Canada

With the advancement of technology, the importance of oil and gas resources in promoting global social and economic progress is rising. As oil and gas resources play an imperative role in the energy sector, the technologies of the industry have also developed quickly in recent years. It can be seen that the oil and gas industry … Continue reading US Customs Agency Seeks to Adopt Blockchain Technology to Track Oil Imports from Canada

Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients

The common use of the electronic patient record system enables opportunities to enhance health care through big data analytics, secondary use, and data sharing. However, this also creates more opportunities for inappropriate uses, data breaches, and privacy violations. For example, a decision to release or sell health data without informing patients is a breach of confidentiality. … Continue reading Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients

Blockchain Can Make Patients Profit From Personal Health Data

Jim Nasr, a health tech expert who is the Vice President of Technology and Innovation at Certara, has forecasted that blockchain could assist patients’ own, share, and monetize their own health data.  During the Healthcare Excellence Through Technology (HETT) conference, Nasr noted that blockchain could permit patients to sell personal data directly and securely to … Continue reading Blockchain Can Make Patients Profit From Personal Health Data

Indian Bill To Ban Cryptocurrency Excluded From Winter Parliament Agenda

The latest news indicates that the government of India will not be deliberating on the cryptocurrency bill during the winter session of parliament as was previously planned. On Nov. 14 2019, the Lok Sabha – India’s lower house of parliament – released the tentative list of bills which the government is expected to introduce and pass during the upcoming … Continue reading Indian Bill To Ban Cryptocurrency Excluded From Winter Parliament Agenda

Shenzhen Warns Against the Resurgence of Illegal Activities Owing to the Promotion of Blockchain Technology

According to a report, the Shenzhen Municipal Bureau of Local Financial Supervision said that the Office of the Leading Group for Special Remediation of Internet Finance Risks in Shenzhen has warned about the seeming resurfacing of illegal activities as a result of interest in cryptocurrency, and thus, the office noted that it would begin conducting … Continue reading Shenzhen Warns Against the Resurgence of Illegal Activities Owing to the Promotion of Blockchain Technology

Blockchain Enhances Traceability of Organic Cotton from Farm to Consumer

Fashion for Good, PVH Corp, C&A Foundation & Organic Cotton Accelerator, Bext 360, and Zalando have successfully collaborated on a blockchain pilot project that traces organic cotton from farm to consumer. Notably, in recent years, there has been intense pressure for transparency to be incorporated into the fashion value chain from consumers and governments.  In … Continue reading Blockchain Enhances Traceability of Organic Cotton from Farm to Consumer

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