The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members. The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release. The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong…
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Cryptocurrency mining giant Bitmain is reportedly planning to layoff another 50 percent of its employees in advance of the Bitcoin halving coming in May. Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent. On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin (BTC) mining rig maker…
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Electra project to beta-test ElectraPay, a cryptocurrency system for merchants that purports to be free of service providers, banks or credit card companies. Electra (ECA), the open-source Proof-of-Stake (PoS) blockchain project focused on digital payments, will begin beta testing its flagship product this month. Known as “ElectraPay,” the product functions as a financial management system…
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Coinbase CEO Brian Armstrong sums up the crypto industry over the last ten years, describing how we got from there to here. Coinbase CEO Brian Armstrong published a Medium post on Jan. 2 sharing his thoughts on how the crypto space has progressed over the last ten years. Armstrong’s post, inspired by Fred Wilson’s article on…
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South Korea will not tax individual crypto profits yet, but legislation is in the works. Cryptocurrency and taxation laws are creating a great deal of confusion in South Korea. On Dec. 30, South Korea’s government stated that under current law, it cannot impose income taxes on individuals’ profits from transactions of cryptocurrency. This, however, contrasts…
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Facebook’s Libra, Ethereum, QuadrigaCX, Tether and Bitfinex — Cointelegraph breaks down the biggest stories of 2019. 2019 may not go down as a year of breathtaking highs for cryptocurrency markets, but major strides have been made for mass adoption of digital payments and blockchain technology. A quick look at major headlines over the past 12…
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Carnegie Mellon University sees $4 million pledge from alumnus and former MakerDAO contributer to advance DeFi research within. A former MakerDAO contributor and Carnegie Mellon alumnus has committed 10,000 MKR — valued at just under $4.3 million at press time — to his alma mater to develop a research program for decentralized applications. Who is…
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Senior software developer at major crypto firm Ripple announced that he is leaving the company after six and a half years to focus on work at Coil. Evan Schwartz, senior software developer at major crypto firm Ripple announced that he is leaving the cryptocurrency company after six and a half years. On Jan 2, the…
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The gaming giant will become a block producer on the UOS blockchain, supporting a gaming project called Ultra. It’s already well-theorized that it’s not cryptocurrency or decentralized finance apps, but gaming that will actually drive blockchain use cases in the real world. While this has moved many smaller development companies and hobbyist programmers to release…
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ESRI researchers propose that using a blockchain-based “forward trading system” can provide a more effective incentive for the smart management of energy consumption. Researchers at Ireland’s Economic and Social Research Institute (ESRI) have proposed that using a blockchain-based “forward trading system” can provide a more effective incentive for the smart management of renewable energy consumption.…
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