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Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data

Algorand, the first pure proof-of-stake (POS) blockchain created by cryptography pioneer and Turing award winner Silvio Micali, has launched a global Coronavirus (Covid-19) survey. The company published a blog post on March 27 announcing its ‘IReportCovid’ survey app. The aim of the survey is to compile a public database to share information on the spread, status, and symptoms of the … Continue reading Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data

Overthrowing Bitcoin? Charles Hoskinson Says Cardano Set to Become the Next Best Crypto

In his latest Periscope video, Charles Hoskinson, the creator of Cardano, once again emphasizes that the smart contract platform would become technologically superior to leading networks like Bitcoin and Ethereum or any other blockchain in the industry this year. Charles Hoskinson, the CEO of IOHK, who is also the co-founder of Cardano (ADA) and Ethereum, … Continue reading Overthrowing Bitcoin? Charles Hoskinson Says Cardano Set to Become the Next Best Crypto

China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain

China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that … Continue reading China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain

China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

China’s Central Bank, the People’s Bank of China (PBoC) announced its development plans for outlining a blockchain-based trade finance platform for the so-called Greater Bay Area that links Hong Kong, Guangdong, and Macao.  Governing entities in China, including the PBoC, China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau came together … Continue reading China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area

Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain

China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market.  China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion).  The asset-backed commercial paper (ABCP) was issued as a … Continue reading Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain

Former US Head of Treasury Lawrence Summers Backs Cryptocurrency

In an interview between CEO of the digital currency company Circle —Jeremy Allaire and Former US head of Treasury Lawrence Summers, the latter advocated for cryptocurrency’s benefits. He stated that what appeals to him about cryptocurrency is that it reduces payment friction. In other words, cryptocurrency increases the speed of transactions and eliminates a third-person mediator. … Continue reading Former US Head of Treasury Lawrence Summers Backs Cryptocurrency

The Nascent Primary Market of Security Token Offerings

The years 2017 and 2018 saw an influx of ventures raising substantial amounts of money through initial coin offerings (ICOs). The Ethereum blockchain greatly facilitated the spectacular surge of ICOs, even though utility tokens and cryptocurrencies are not primarily meant for raising external capital for start-up firms. Now that the ICO market bubble ebbed away … Continue reading The Nascent Primary Market of Security Token Offerings

University of Cambridge: Crypto Asset Users Have Skyrocketed to 101 Million Globally

In its 3rd Global Cryptoasset Benchmarking Study, The University of Cambridge found that the estimated number of cryptoasset users stood at 101 million worldwide.  This is nearly three times the number of crypto investors recorded in 2018, which was estimated to be around 35 million.  The growing appetite for crypto The report by the Cambridge Centre … Continue reading University of Cambridge: Crypto Asset Users Have Skyrocketed to 101 Million Globally

King’s College Report: Blockchain Could be Pivotal in Nuclear Disarmament

Through its new policy report dubbed ‘The Trust Machine: Blockchain in Nuclear Disarmament and Arms Control Verification,’ King’s College London discloses that blockchain technology could be pivotal in dismantling nuclear warheads reliably, securely, and safely. Building trust in nuclear disarmament By leveraging blockchain technology, parties involved in the Nuclear Non-Proliferation Treaty will build trust needed … Continue reading King’s College Report: Blockchain Could be Pivotal in Nuclear Disarmament

China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

Gambling companies in Macau are exiting the industry or have already started diversifying their operations away from the city. They say that the gambling industry is in danger if China’s digital yuan is fully implemented across the nation. The industry’s revenues have already been affected by stricter regulations and the COVID-19 pandemic over the past … Continue reading China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry

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