After some regulatory uncertainty, the U.S. has started its journey to the regulated space for blockchain and DLT industry. The United States’ concerns about the rise of cryptocurrency use in illegal activities have only been growing as developments in the space continue to push the envelope. There is a global race to launch stablecoins that…
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Sita and ULD Care consider using blockchain to save $400M in costs for the air cargo industry. Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12…
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Two high schools in Italy will start using blockchain technology to issue diplomas. Two Italian high schools will begin issuing unchangeable and easily shareable digital diplomas with the Ethereum’s blockchain public technology. The measure, as reported by Cointelegraph Italia on March 12, seeks to make the entire process of issuance and traceability transparent, but above…
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Major crypto and blockchain-focused event, Consensus, will not be hosting a conference in New York in 2020. Consensus, a major global cryptocurrency and blockchain-focused event, is another industry conference that had to change its plans due to intensifying coronavirus fears. In line with the increasing number of industry events being delayed or canceled in response…
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Ethereum co-founder and founder of Cardano, Charles Hoskinson, pronounces the 20th-century world order dead. Ethereum co-founder and founder of Cardano, Charles Hoskinson, pronounced “the economic order of the 20th century” dead in a recent YouTube livestream. By “the economic order of 20th century”, Hoskinson means a centralized hierarchical economy that was built through “a series…
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An audit report of Voatz platform confirms numerous issues previously discovered, and the voting app declines to make all the necessary changes. Voatz, the Massachusetts-based company touting a blockchain-enabled mobile voting app, has been met with public criticism for a lack of transparency, among other things, particularly when it comes to data security. And with…
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An Overstock shareholder believes that the company’s directors facilitated the former-CEO Patrick Byrne’s dumping of $90 million worth of stock last September. Online retailer Overstock is facing a lawsuit from shareholder John Murphy over former CEO Patrick Byrne’s abrupt departure from the company and off-loading of $90 million worth of shares. According to Law360 on…
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Russia’s relationship with blockchain and cryptocurrency wasn’t clear, but the country is making steps toward digital economic development. The volume of cryptocurrency flows on darknet markets — which are involved in illegal drug and arms trafficking, remittance and transfer of illicit funds — have doubled for the first time in four years, a new report…
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The co-founder of bZx protocol, which was hacked last month, has taken full responsibility for the lapse and pledges changes for the future. The company that almost broke DeFi is asking for a new beginning. When the decentralized lending protocol bZx was hacked to the tune of some $1 million last month, some started questioning…
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The Iota network has been down for almost a month following a $2 million theft from the platform’s Trinity Wallets. After almost a month following a massive hack, the Iota Foundation has brought their network back online. The Iota network was relaunched on Tuesday following the Feb. 12 attack on the platform’s Trinity Wallet software.…
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