Good news for traders across the world; global banks, along with international trading companies, have recently announced the first blockchain-based platform, called Komgo, that will allow financing for trading of commodities ranging from oil to wheat. The platform, which will be developed in partnership with blockchain technology company ConsenSys, will go live later in 2018, […]
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These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are produced worldwide, and harnessing the power of that data has built better transportation systems, real estate markets, retail experiences, payment options, banking interactions and security systems, just to name a few. When venture […]
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Maybe Isaac Newton — the hopelessly hopeful alchemist who came up with some solid rules of physics — was a genius of business and even B2B payments, too. After all, one of his main rules concerns the tendency for objects (by which he means everything in the universe) to remain in a state of inertia. […]
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One card to rule them all: the mantra rings throughout the payments realm, and smacks of some sorcery and swashbuckling movies one may remember. Like a scene out of a Tolkien movie, though, the lure of that mantra has left a lot of bodies in its wake, where peril outweighed promise, where startups burned through cash. […]
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Whether at a traffic stop, purchasing age-restricted products or even boarding an airplane, consumers are used to reaching for their wallets when asked for identification. However, if digital driver’s license pilots — like those happening both in the United States and abroad — are successful, they might soon be reaching for their smartphones. In the latest Digital […]
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Police in New Zealand have warned consumers after a fraudulent cryptocurrency company stole more than $200,000 from an investor. New Zealand police have warned the public about online scams after an investor lost $320,000 NZD ($213,000 USD) to crypto fraudsters, the Canterbury police confirmed Wednesday, September 26. The unnamed investor, who made multiple investments in […]
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Tech giant Dell says it aims to remain a leader in the Indian server market by introducing blockchain products. Tech giant Dell EMC Technologies plans to remain a leader in the Indian server market by introducing products that have blockchain capabilities, local news outlet Economic Times India reports September 26. Dell has identified blockchain, artificial […]
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The biggest Bitcoin block to date has been mined! But although it is the biggest block, it had about 1,400 fewer transactions than the average block on the Bitcoin Network. From soft and hard forks to protocol upgrades, to the implementation of Segwit and to the future outlook of the Lightning Network (LN), the Bitcoin network […]
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The chairman of the Kenyan DLT and AI task force has proposed that the government tokenize the economy in order to fight the “increasing” rate of corruption. Kenyan Distributed Ledgers and Artificial Intelligence task force chairman Bitange Ndemo has said that the government should tokenize the economy, local news outlet The Star reported September 25. […]
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Monero devs have created a patch for a bug that could allow an attacker to burn consumers’ funds and trigger significant damage. The developers of open-source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to “burn” the funds of an organization’s wallet while only losing network transaction fees, according to an […]
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