A chess game between grandmaster Sergey Karjakin and Algorand founder Silivio Micali was recorded on the blockchain. Algorand founder Silvio Micali played a Blockchain-recorded chess game against grandmaster Sergey Karjakin. This marked a historic moment for the fifteen hundred year old game. Gentlemen are cheating too The match, which was the inaugural game for FIDE…
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The blockchain trade finance platform backed by major banks reportedly laid off almost half of its workforce due to a lack of funding. Owing to ongoing financial difficulties, the IBM Hyperledger-powered trade finance blockchain platform we.trade is laying off almost half of its workforce. According to a Global Trade Review report, “more than a dozen…
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Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses. Tokyo Electric Power Company Holdings Inc., or Tepco, partnered with major Japanese trading company Itochu Corporation and started building a blockchain-based system to trade surplus electricity. According to Nikkei on June 18, the new system will be available to households…
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Global investment bank Nomura, hardware wallet manufacturer Ledger, and digital asset manager CoinShares, have released an institutional-grade custody platform to the wider market. Global investment bank Nomura, digital asset manager CoinShares, and hardware wallet manufacturer Ledger, have finally launched their institutional-grade custody platform Komainu to the wider market. They’re billing Komainu as the first hybrid…
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A U.S. District judge has dismissed the summary judgment request of the former Mt Gox CEO in a lawsuit from 2014 accusing Mark Karpeles of fraudulent misrepresentation. A judge has ruled the former chief executive of defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, must face a lawsuit alleging fraud filed back in 2014. On June…
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Civic Technologies’s new app will act as both a vaccination proofing tool and a wallet for crypto. Civic Technologies, a San Francisco-based innovator in digital identity solutions, announced on June 16 that its Civic Wallet is now available in the App Store and Google Play. Civic Wallet has also formed a partnership with Circle Medical,…
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A new World Economic Forum study has revealed how blockchain technology can be used to prevent corruption in public procurement. Worldwide, governments devote an estimated $9.5 trillion each year to public procurement — an average of approximately 15% of national gross domestic product. This money goes to public goods and services such as the construction…
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A survey by Deloitte shows blockchain is increasingly becoming a priority among companies with a broad understanding of it. Auditing giant Deloitte’s latest survey shows that almost 40% of respondents from major technology companies worldwide currently have blockchain in production — and almost nine in ten think blockchain will become more important in the next…
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A single day of trade has seen Compound’s COMP emerge as the largest DeFi token by market capitalization. After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization. COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over…
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Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. ByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in Singapore, according to the Financial…
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