INDUSTRY
blockchain application in various industries
Recap on 2019: What Does the World Think of Central Bank Digital Currencies?
The European Central Bank has recently developed an “anonymity voucher” to safeguard potential central bank digital currency (CBDC) users’ privacy for low-value retail transactions, while ensuring that high-value transfers are subject to anti-money laundering (AML) approvals.
Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations
Authorities in Sichuan, China has been reportedly pressuring Bitcoin miners to scale down their operations due to electricity shortages. During the dry season, extending from October to April, the electricity supply drops in the province.
Equating Cryptocurrency Solely with Illegal Conduct Lacks Understanding
Cryptocurrency has its benefits, but several consumers are still unaware of what they are because of security concerns and how the technology functions. In a recent interview, Coleman Watson – Managing partner Watson LLP – identified that while many people are interested in using cryptocurrency, lack of understanding remains a major hurdle.
China is Expecting its First-Ever Blockchain Exchange-Traded Fund
Shenzhen is expecting its nation’s first exchange-traded fund (ETF) that will track blockchain-themed stocks as underlying assets.
Reasons Behind the Success of the Binance Coin
Since the beginning of 2019, Binance Coin (BNB) has been at the top of the list of popular cryptocurrencies, increasing in price by more than 200% in three months. This year, the token exceeded the performance of bitcoins (38.9%), Ethereum (30.7%), Litecoin (187.8%) and almost all other cryptocurrencies.
Beijing Authorities Warns Institutions Not to Get Involved with Crypto
Beijing’s local authorities in China have issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision Administration, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory released further measures to ask firms not to engage in crypto businesses.
Launch of First Blockchain School Sets to Bring New Hope for Rwanda
Rwanda is poised to become the next Silicon Valley of Africa. This is demonstrated by many tech businesses launching their operations in the country. Due to Rwanda’s rapid rise to become Africa’s tech hub, a new blockchain training school intends to set its foot in the country. The establishment of the school is expected to introduce new innovative ways to create new African blockchain technology-based products.
Are You Ready for Halal Cryptocurrency?
Recently, many cryptocurrencies are being introduced to serve different purposes. This time round, halal cryptocurrency is soon coming. But are you ready for it?
Combating Deforestation with Blockchain in Africa: Everything You Need to Know
Have you ever thought of how blockchain can fight deforestation? Surprisingly, this application works. MIPAD startup demonstrates how blockchain is useful in tackling the deforestation crisis in Africa.
Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group
Chinese internet giant Tencent, also the operator of messaging app WeChat has been reported that the company is looking to create a digital currency research group. Tencent released a statement to its employees, stating that the company is currently hiring a new head of the research group.
