Indian Gov’t to Approach Crypto Regulation ‘With Due Caution’

The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping. The latest episode in India’s increasingly drawn-out path to formalizing its domestic cryptocurrency economy, Radhakrishnan said that the lack of a “globally acceptable solution”…

Continue Reading

Major American Magazine Time Column Reports About Bitcoin’s Liberating Potential

Bitcoin (BTC) has a substantial liberating potential, American mainstream newspaper Time reports on Dec. 28. The aforementioned article claims that “speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of Satoshi Nakamoto’s invention.” According to the article’s author, Bitcoin “can be a valuable financial tool as a censorship-resistant…

Continue Reading

Visa to Purchase Ripple Cross-Border Payments Partner Earthport

American payment services giant Visa Inc. is acquiring Ripple partner Earthport Plc, a payment network for cross-border transactions, Reuters U.K. reported Dec. 27. Founded in 1997, London-based Earthport is a financial services firm that offers cross-border payments service to banks and financial institutions. Earthport is a partner of tech company Ripple, where the partnership is…

Continue Reading

Crypto Markets in the Green Following Tough Losses

Friday, Dec. 28 — The top 20 cryptocurrencies are in the green after seeing some tough losses over the last couple of days. Some coins have registered double-digit increases over the last 24 hours, according to Coin360. Market visualization by Coin360 The leading digital currency Bitcoin (BTC) is up over 7 percent on the day,…

Continue Reading

Too Soon for Blockchain Benefits in 2019, Says UPS Executive

Senior executives at United Airlines (UA) and logistics giant UPS think 2019 will not be the year blockchain goes mainstream, the Wall Street Journal reported on Dec. 28. Speaking to the publication, UPS chief engineering and information officer Juan Perez and UA’s executive vice president of technology and chief digital officer Linda Jojo remained level-headed…

Continue Reading

US Defense Dept. Wants to Use Blockchain to Improve Disaster Relief

Blockchain could make its way into disaster relief operations from the United States Department of Defense, the organization revealed in a press release Dec. 21. During a presentation hosted by the Defense Logistics Agency Troop Support’s Continuous Process Improvement (CPI) office in Philadelphia earlier this month, officials reviewed how blockchain technology could help emergencies responses.…

Continue Reading

Corporate Blockchain Adoption Reaches 44%, Says Survey

Indian telecoms giant Tata Communications named the key barriers to blockchain adoption for businesses globally, in a survey published Dec. 12. Part of a survey on emerging sectors — dubbed ‘The Cycle of Progress’ — Tata’s report noted concerns around costs, security and privacy as the “key adoption barriers for business decision makers” considering the…

Continue Reading

New Indian Governmental Committee Favors Legalizing Cryptocurrencies, Media Reports

A governmental committee in India has reportedly suggested that cryptocurrencies be legalized in the country, English-language local media TheNewIndianExpress (TNIE) reported on Dec. 26. According to the article, an unnamed senior official who reportedly attended the panel’s meetings on cryptocurrencies stated: “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It…

Continue Reading

2019 Stanford Blockchain Conference Spotlights Blockchain Security and ‘Risk’

Security and “systemic risk” will form the focus of the third Stanford Blockchain Conference at Stanford University on Jan. 30 - Feb. 1, organizers have revealed. Continuing the institution’s ever increasing interest in blockchain technology, the three-day event will see presentations and discussions on a variety of technical issues. Chaired by Stanford professors, among others,…

Continue Reading

Bank of America Files Patent for Blockchain-Enabled Cash Handlers

Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain…

Continue Reading

Bank of America Reveals Fresh Blockchain Patent Targeting Cash Handling

Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms. Originally submitted in June 2017, the patent references “banking systems controlled by data bearing records.” “Aspects of the disclosure relate to deploying, configuring, and utilizing cash handling devices to provide dynamic and…

Continue Reading

TRON Reaches One Million User Addresses in Six Months Since Launch

Blockchain protocol TRON (TRX) has passed one million user accounts, data revealed Dec. 23, as executives continue their criticism of rival Ethereum (ETH). Statistics from the TRON blockchain uploaded to social media by Misha Lederman, cofounder of the cryptocurrency’s spin-off project IAmDecentralized.org, confirmed that the network now features over one million addresses. TRON, which launched…

Continue Reading
Close Menu