American insurance giant State Farm is testing a blockchain product to speed up the subrogation process for auto claims. U.S.-based insurance company State Farm is testing a blockchain-based solution to speed up the subrogation process for auto claims, according to an announcement published Dec. 10. State Farm is a large group of insurance and financial […]
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Crypto markets have failed to hold on to gains from Dec. 9, with Bitcoin trading below $3,500 again. Monday, Dec. 10: Crypto markets have failed to hold another recovery attempt, with nearly all top 20 coins by market capitalization in the red as of press time. After a slight bump yesterday, Dec. 9, with Bitcoin […]
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The trade volume of retail investors has been dropping and there is still a lack of participation from traditional investors like investment banks. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your […]
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Decentralized apps on the EOS blockchain have reportedly seen 27 hacks from July till late November, losing up to 400,000 EOS. Decentralized apps (DApps) based on the EOS blockchain have lost up to $1 million to hacks since July, Chinese crypto media Blockchain Truth reports Tuesday, Dec. 4. The report cites data by PeckShield, a […]
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SEC chairman Jay Clayton declared that ICOs are effective, but also pointed out that “securities laws must be followed.” United States Securities and Exchange Commission (SEC) Chairman Jay Clayton has said that Initial Coin Offerings (ICOs) “can be effective” but that “securities law must be followed.” Clayton spoke on the subject during a speech about […]
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New crypto exchange ErisX has announced the appointment of veteran exchange founder Matt Trudeau as its chief strategy officer (CSO). New crypto exchange ErisX has announced the appointment of veteran exchange founder Matt Trudeau as its chief strategy officer (CSO), according to a press release published Dec. 10. As reported this October, ErisX is a […]
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The Financial Action Task Force wants the United Kingdom to “progress” with measures to formalize its domestic crypto economy. The Financial Action Task Force (FATF), an intergovernmental financial security body, has demanded the United Kingdom step up its cryptocurrency monitoring. According to a new report released Dec. 7, the country needs increased measures to prevent […]
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A member of the United Kingdom’s Parliament has declared that it should be possible to pay local authorities and utility providers in Bitcoin. A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported […]
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South Korea’s government will spend $3.5 million to set up a blockchain-enabled virtual power plant in the city of Busan. South Korea’s government will spend 4 billion Korean won (KRW) (about $3.5 million) to set up a blockchain-enabled virtual power plant (VPP) in the city of Busan. The development was reported by South Korean newspaper […]
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PayPal’s new blockchain initiative grants tokens to employees who participate in innovation-related programs and contribute ideas. Major global online payments system PayPal has launched a blockchain-based reward system for its employees. Financial news channel Cheddar reported on the platform launch Thursday, Dec. 6, citing PayPal’s director of innovation Michael Todasco. According to Cheddar, the program […]
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