Chinese payment giant WeChat bans crypto payments for merchants. On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, […]
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North Rhine-Westphalia has announced that it is founding the European Blockchain Institute in Dortmund later this year. The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13. According to NRW Economics Minister Andreas Pinkwart, the European Blockchain […]
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The U.S. House Financial Services Committee has passed a resolution to form the Task Force on Financial Technology. The United States House of Representatives Financial Services Committee has passed a resolution to form the Task Force on Financial Technology, according to a press release by the committee on May 9. The new task force purports […]
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Turkish Bahçeşehir University has reportedly opened a blockchain center at Boston’s Northeastern University to provide informational support on the technology. Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston’s Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7. Apart from informational support, the BAU–NEU Blockchain Laboratory’s […]
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A test ad campaign for PepsiCo found that using smart contracts increased efficiency by 28%. A test ad campaign for PepsiCo built on blockchain delivered a 28% increase in efficiency, according to a news release on May 6. Media agency Mindshare said the experiment was part of Project Proton, which uses smart contracts to ensure businesses only pay […]
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An in-depth view into security tokens. Many economists argue that the root causes of the 2008 global financial crisis have yet to be addressed comprehensively, or that measures taken have been exhausted, such as the extent to which quantitative easing was used, which has been put forward by the deputy director of the International Monetary […]
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The partnership aims to keep user data safe and prevent distributed denial-of-service attacks. Vietnam’s CMC Telecom and American cloud service provider Akamai have signed a joint agreement to deliver security services to a blockchain-based trading floor, according to a report shared on CMC’s website on May 2. Akamai is one of the biggest global distributed computing platforms, […]
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Cryptocurrency automated teller machine provider CoinFlip has postponed listing USDT as the firm wants “full assurance that USDT is stable.” Cryptocurrency automated teller machine (ATMs) operator CoinFlip has postponed support for the stablecoin tether (USDT). The company announced the development in a tweet on May 1. CoinFlip initially revealed that it will start listing Tron-powered […]
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Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must […]
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Celebrity investments are boosting crypto, but the industry still needs to build killer apps. Marketing loves celebrities — and with good reason. They’re “celebrated” people, individuals invested with bulk quantities of cultural capital (i.e., public respect, goodwill and interest), which — if tapped correctly by marketing firms — can be reflected onto endorsed products. This […]
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