UNICEF Innovation Fund to Invest in Blockchain-Related Projects

The UNICEF Innovation Fund will invest $100,000 in six international firms to develop blockchain-based projects. The UNICEF Innovation Fund is investing $100,000 in six companies for developing blockchain projects, according to an announcement published Dec. 10. The UNICEF Innovation Fund was launched specifically to finance early stage and open-source technology that can benefit children. The […]

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Indian Government Panel Suggests Crypto Dealings Should be Illegal, Local Sources Say

An Indian government panel has reportedly proposed regulation making cryptocurrencies illegal via the Reserve Bank of India. An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBCTV18 reported on the framework on Dec. 6. The […]

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Over One Third of German Big Business Finds Blockchain Tech as Impactful as Internet

Many big German companies see major potential in blockchain technology, according to a new survey by IT industry association Bitkom. According to a recent survey, over one third of big businesses in Germany consider blockchain technology as revolutionary as the Internet, Cointelegraph auf Deutsch reported, Dec. 4. In addition to artificial intelligence (AI) and the […]

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Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

Medici Ventures now has a 10 percent stake in agricultural blockchain firm GrainChain, with the option to acquire an additional 10 percent. Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4. Founded in 2003, […]

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Thailand’s Revenue Departments Tests Blockchain for Tracking Value-Added Tax Payments

Thailand’s Revenue Department is conducting tests of a blockchain system for tracking value-added tax (VAT) payments. Thailand’s Revenue Department is testing blockchain to track value-added tax (VAT) payments, English-language media outlet Bangkok Post (BP) reports Dec. 3. Ekniti Nitithanprapas, director general of the Thai Revenue Department, said that the department “wants to use blockchain technology […]

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Korea’s Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny

Kakao is close to completing the private sale of its cryptocurrency called Clay, raising $300 million. Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March, Kakao […]

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Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric

More about Amazon’s recent blockchain-related offerings. On Nov. 28, e-commerce giant Amazon announced two blockchain-related products: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. The company hence marked its further expansion into the field of blockchain technology, which started with blockchain-related patents and collaborations that Amazon has seemingly chose over working with cryptocurrencies, per […]

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