A new World Economic Forum study has revealed how blockchain technology can be used to prevent corruption in public procurement. Worldwide, governments devote an estimated $9.5 trillion each year to public procurement — an average of approximately 15% of national gross domestic product. This money goes to public goods and services such as the construction […]
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One of the greatest challenges for digital content creators is the ability to maintain copyright over their works, and blockchain tech can help them. The narrative around blockchain technology as a great enabler of cross-sector innovation has endured since the technology’s perceived potential was assertively decoupled from fluctuations in the price of Bitcoin (BTC) in […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses. A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region. According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the […]
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Chinese banks are clarifying that they are not shutting down any legal crypto accounts. Rumor has it that Chinese banks are freezing client accounts that have a history of buying and selling cryptocurrencies. According to a Chinatimes report on June 13, banks in China have clarified that they are not shutting down any legit fiat […]
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Experts are anticipating a stock market crash in the near term. Bitcoin may follow suit due to three main factors. Experts in the financial market and the crypto industry foresee a major stock market correction unfolding in the short term. Given the high correlation of Bitcoin (BTC) with stocks observed in the past three months, […]
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Tesla stock rallied to $1,027 and it’s market cap surged above Bitcoin’s to $188 billion. Today the value of Tesla stock set a new record high at $1,027, bringing the market capitalization to $188 billion, and also surpassing the total market cap of Bitcoin (BTC), which hovers at $181 billion. While the value of Tesla […]
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The crypto security firm has launched officially its new key backup for crypto hardware wallets, Ngrave Graphene. Digital asset security firm Ngrave announced the launch of a recoverable, encrypted private key backup engraved on a steel plate for cryptocurrency hardware wallets. According to the announcement on June 10, Ngrave Graphene is now available to the […]
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A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain. China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs. An […]
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China Wanxiang Holdings Vice Chairman believes blockchain along with other high tech will lead a more globalized world. Dr. Xiao Feng, the Vice Chairman of investment company China Wanxiang Holdings, attended the 7th Global Investment and M&A Summit in Shanghai, according to local news on June 5. Dr. Xiao’s keynote on digital economic reform revealed […]
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