They’re entering the enterprise blockchain arena as part of a push towards empowering commercial applications. Huawei announced an update for it’s blockchain-based cloud service, known as Blockchain Service 2.0, or BCS 2.0, during a recent industry summit. It appears that the platform’s upcoming enhancement will serve as its first major update since 2018. According to […]
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As it stands, the current commercial and political landscape presents a perfect storm to herald the rise of decentralized alternatives. The failures of centralization in protecting individual and business data have been highlighted repeatedly over the past few years. Facebook, Google, Twitter, Microsoft, Sony and many more have all faced large-scale data hacks that have […]
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The 2020 Chinese Blockchain Innovation rankings have been released. Beijing has been named as China’s top blockchain city in the 2020 Chinese Blockchain Innovation Rankings ahead of the blockchain hub of Shenzhen. The rankings were revealed in a special session at the China International Fair for Trade in Services Summit. According to Finance China, Beijing […]
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It is no secret that Binance’s vision of DeFi involves many centralized aspects. Following the launch of Binance’s Smart Chain, an Ethereum-compatible blockchain with a keen focus on decentralized finance, the exchange is now doubling down on its strategy to attract DeFi projects. At the company’s World of DeFi summit on Thursday, Binance’s CEO Changpeng […]
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How do we get DeFi “to cross the chasm?” As decentralized finance begins to gain ground, Chainlink co-founder Sergey Nazarov believes there are two ways for more mainstream adoption. Speaking at the Smart Contract Summit, Nazarov said he sees two ways DeFi “crosses the chasm” and more Web 2.0 companies to adopt these technologies. “The […]
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Another action-packed week for crypto in Japan has passed. This week’s headlines from Japan included one of country’s leaders describing Bitcoin creator Satoshi Nakamoto’s dream as meaningful, LayerX Labs collaborating with a Japanese university for blockchain research, the FINSUM blockchain conference hosts notable discussion on security tokens offerings, and the head of Monex Group saying […]
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Was Yam Finance’s short-lived rebasing project a useful economic experiment or just another scam? The crypto community is divided. There are some decentralized finance projects that make flash loans; Yam Finance (YAM) was a DeFi project that made a flash appearance. YAM, which initially described itself as a “minimally viable monetary experiment,” launched on August […]
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The time has come for policymakers and regulators to provide a workable pathway that allows blockchain tech to develop and grow. In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do […]
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Ethereum founder Vitalik Buterin has warned about the risks of smart contract exploits in DeFi. Ethereum co-founder Vitalik Buterin has warned of the dangers of ‘smart contract risk’ in DeFi protocols in an interview to mark Ethereum’s fifth birthday. Buterin also warned users not to ‘risk their life savings’ in DefI in his appearance on […]
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Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity. The Prime Minister of India, Narendra Modi, has endorsed blockchain as an ‘opportunity in frontier technology’, renewing hopes that the country is warming to cryptocurrencies. In a keynote address at the India Ideas Summit, hosted by the US-India Business Council on Wednesday, […]
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