Archived Posts

A blockchain powered rewards program to administer individual information and encourage troops is being considered by China’s military, according to Global Times report. The blockchain powered platform, as per a report from People’s Liberation Army (PLA), would probably not offer any kind of financial incentives, but would improve the overall management of the military. The   Read more...

LocalBitcoins has been endorsed as a virtual currency provider by the Finnish Financial Services Authority (FIN-FSA) at the start of November 2019. Finland only permits officially registered cryptocurrency vendors who match the legal criteria to function in the country. To obtain the endorsement, LocalBitcoins had to substantiate to the FIN-FSA that it is following appropriate   Read more...

Nicholas Maduro, President of Venezuela, has announced that the residents of the country, primarily the pensioners and retired people, will receive Christmas bonus in Petro, which is the government-backed cryptocurrency. Venepress, a local media outlet, has revealed the government’s decision through a tweet. Notably, this is not the first time the country is trying to   Read more...

The number of Bitcoin (BTC) ATMs operating across the globe has exceeded 6,000 according to online media outlet CoinATMRadar. Currently, there are 6,004 machines running across the world, with more than 65% of them operating in the US. Moreover, 108 machines have been installed in November and info also reveals that the average daily number   Read more...

BaFin (Federal Financial Supervisory Authority), German regulator, has cautioned investors not to deal with 5 Capital, Bulgarian cryptocurrency broker. The regulator has prohibited 5 Capital from functioning in the country as the enterprise has unlawfully issued Contracts for Difference (CFDs) structured to reveal customers to the crypto price volatility. The regulator discovered that the enterprise   Read more...

The US Fed has stated that stablecoins could parallel other modes of payment and enhance customer experience, but requires regular checks. In its November 2019 Financial Stability Report published on November 15, the Federal Reserve talks about stablecoins and their likely effect on the US and elsewhere. Instead of brushing away stablecoin irrelevant, officials are   Read more...

Co-founder of aBey Foundation, Dr.Ciprian Pungila, unveiled aPay, a new kind of payment processing platform that facilitates the cryptocurrency investors to use their holdings for day-to-day payments through integration with credit card. aPay was unveiled at BlockShow Asia 2019. aPay customers can remit their cryptos to the platform and receive access to three different credit   Read more...

A blockchain powered platform, developed by VeChain, to track tea supply chain received approval from China’s Shuangjiang county government on the day of launch on Thursday. VeChain collaborated with top tea producers in the province to develop the tea supply chain tracking platform. The total lifecycle of a tea cake (compressed tea), from basic ingredients   Read more...

For logistics and payment management, Canada branch of retail chain Walmart has unveiled an automated blockchain powered platform. The latest solution, built in partnership with blockchain firm DLT labs, is created to enhance freight and payment processing, with automatic monitoring of deliveries, transaction validation, and process payments and solving issues. The press release points out   Read more...