A crypto project crosses the half-billion threshold. Today stablecoin network PegNet cleared $500 million dollars in conversions, according to data from PegNetMarketCap.com. This means a half-billion dollars in value has moved over the platform’s rails since it launched in August 2019. PegNet is a decentralized non-custodial network of tokens that are pegged to different world […]
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Bitcoin price attacks $5,500 as President Trump announces support for a $1 trillion COVID-19 economic stimulus package. Bitcoin’s recovery from last week’s catastrophic drop to $3,700 continued on Tuesday as the digital asset briefly topped $5,500 before pulling back below $5,400. The improvement in the crypto market’s price action appears to have received a boost […]
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Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable. Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain increases logistic transparency The report […]
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KuCoin exchange establishes KuGroup, a core division of the company that will manage all three of the company’s businesses. Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, […]
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Investment platform Republic plans to build its own digital asset on Algorand’s blockchain, allowing financial exposure to company. Republic, a platform letting users invest in early-stage companies, announced plans to launch its own digital asset on Algorand’s blockchain. “We are excited to be using their cutting edge blockchain technology to enable the creation of a […]
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Bitcoin and Ether still offer better returns than other risk assets during crypto market uptrends and both remain positively correlated with gold in bull and bear markets. Bitcoin (BTC) price is slowly recovering, reaching $5,500, after last week’s Black Monday style market meltdown which led to Bitcoin price pulling back sharply as traditional markets suffered […]
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A new FDA study shows that blockchain technology can save the pharmaceutical industry $180 million in labor costs by tracking and tracing prescription drugs. UCLA Health and LedgerDomain, a blockchain development platform, announced a new study revealing that blockchain technology would save the United States pharmaceutical industry over $180 million each year. The study was […]
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Leading up to its token generation, Akon’s crypto project Akoin has garnered added expertise, partnering with Delchain. Akoin, a cryptocurrency project from famous singer Akon, has joined up with blockchain financial infrastructure company Delchain. “Bahamas-based digital asset management leader Delchain, an affiliate of Deltec, has provided strategic advisory services and expertise in connection with Akoin’s […]
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Spain’s National Securities Market Commission has halted short selling in an effort to protect local stocks from the recession caused by the coronavirus epidemic. Spain’s National Securities Market Commission (CNMV) has halted short selling in an effort to secure local stocks from the recession caused by the coronavirus epidemic. The ban will last one month, […]
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Journalist Sarah Zheng managed to use Ethereum blockchain to spread an interview on COVID-19 with a doctor in Wuhan amid censorship. Amid censorship in China of all coronavirus-related content circulating online, Sarah Zheng, a journalist for the South China Morning Post, claimed to have managed to publish an interview made to a doctor about the […]
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