ConsenSys will develop a proof-of-concept for cross-border payments following successful research between the two central banks. Blockchain firm ConsenSys announced Sep. 25 that it had been awarded the contract for a cross-border payment project between Thailand and Hong Kong. The company will lead the second implementation phase of Project Ithanon-Lionrock. The project is a joint…
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EY has added a new solution to its Blockchain Analyzer product suite. Big four accounting firm EY has launched a new solution for investigating on-chain data including Bitcoin (BTC) transactions. The new Explorer and Visualizer solution launched as a part of the EY Blockchain Analyzer product suite. According to an announcement on Sep. 27, the…
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He isn’t surprised attacks happen. Crypto exchange security is once again in the news after hackers breached KuCoin. But this shouldn’t surprise people as exchanges are vulnerable by design, according to Bybit CEO Ben Zhou. Zhou told Cointelegraph that exchanges act as a single point of failure. As a centralized web application, exchanges are susceptible…
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DeFi is the word on everybody’s lips. The hype around DeFi is not fading away and is only just beginning, said Neo founder Da Hongfei, during a live stream on China’s Hub on Sept. 25. Da said DeFi created a process in just a few years that traditional finance took hundreds of years to perfect.…
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New NFT marketplaces may even leave Ethereum altogether to deal with high gas fees. High gas prices have become a problem for non-fungible token (NFT) marketplaces, especially as they look to mint at scale, the founder of a start-up said. Sean Papanikolas, founder of NFT marketplace Cargo, told Cointelegraph in an interview that the NFT…
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Ethereum needs to fix its problems. As DeFi projects flock to Ethereum, experts warn the network is not yet ready to support the frenzy. Martin Froehler, a mathematician, former hedge fund manager, and founder of Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing [the blockchain industry] has” for DeFi,…
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Check out this week’s Bad Crypto podcast. It’s been a difficult week for Bitcoin this week. The price has fallen about 5 percent over the last seven days to drop beneath $10,400. It could bounce but if it continues downwards, it might drop below $10,000 and get dangerously close to the CME gap. One sign…
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Historically, digital art has been almost impossible to monetize. Blockchain technology can solve that problem. On Sept. 23, auction-house giant Christie’s announced plans to sell its first nonfungible token, or NFT, at an auction. This was just one week after the record-setting $100,000 sale at auction of a digital art piece that also used a…
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Blockchain continues to attract interest in the pharmaceutical industry. Samsung SDS will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management. The goal of these tests is to guarantee transparency in the process of tracking pharmaceutical drugs. According to Yankup, the IT branch of Samsung Group announced the pilot programs,…
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Crypto and blockchain regulations seem to have become a top priority in the EU. The European Commission in collaboration with the 30-country alliance called the European Blockchain Partnership (EBP) plans to launch a pan-European blockchain regulatory sandbox by 2022. Per an update to the official webpage for the commission’s Digital Innovation and Blockchain team on…
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