Virtual hackathons may allow developers to solve technical problems and create new solutions, yet it’s not all easy going for these online events. Online events are becoming more common as coronavirus cases continue to surge. So it shouldn’t come as a surprise that the blockchain community has seen an uptake in virtual hackathons this year, […]
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Public Mint wants its tokenized fiat currencies to power DeFi-like open financial applications. Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development. The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a […]
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Blockchain initiatives are being applied by large companies to reduce intermediaries and costs in the travel industry. The word “blockchain” is no longer perceived as something exotic and super innovative, partly because large companies have found various uses for this technology and customers have begun to understand how it works. On the other hand, the […]
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China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national […]
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After stakeholders raised concerns about the Australian Securities Exchange’s blockchain infrastructure plan, it has been postponed until 2022. The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger […]
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Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021. Iota, a major blockchain project designed for the Internet of Things, or IOT, has entered the first phase in its roadmap for upgrading the network to IOTA 2.0. According to a June 30 blog post, users can now download […]
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A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong wallet address. Kirobo, a two-year-old Israeli blockchain startup, announced on June 30 that it has found a way to tackle problems related to human error in cryptocurrency transactions. In a recent survey by […]
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The Incognito privacy project released pKyber, which enables users to hide their activity from the public Ethereum ledger within the Kyber Network. Privacy blockchain Incognito has released Kyber Privacy (pKyber), a privacy feature for decentralized finance within the Kyber Network for users from both parties to trade anonymously. First announced on April 24, Incognito’s open-source […]
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Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Switzerland’s existing tax law is applicable to developments in the blockchain industry, the Swiss Federal Council said. According to the federal authority, Switzerland does not need to amend its existing tax legislation in regard to blockchain and […]
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Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology. They soon came to […]
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