Archived Posts

In an attempt to turn Seoul into a blockchain powered smart city, South Korea intends to introduce its own cryptocurrency in November. The South Korean capital intends to unveil a native city-wide cryptocurrency named S-coin, the aim of which will be to inspire citizens to partake in administration, enable cooperation between citizens, and gather information.   Read more...

Coin Metrics, crypto market research firm head-quartered in Massachusetts, has pointed out that 318 addresses store nearly $1 billion worth of Tether (USDT), representing 80% of global Tether supply. The finding was reported by Bloomberg. Nic Carter, co-founder of Coin Metrics, further stated that cryptocurrency exchanges such as Binance and Bitfinex are some of the   Read more...

In a matter of one year, as many as six million invoices have been issued using blockchain-based platform by Shenzhen, a major Chinese city. After the program was initiated in August 2018, over 5,300 domestic firms in 113 sectors have participated in Shenzhen’s blockchain invoice program so far. In this regard, Shenzhen Municipal Taxation Bureau   Read more...

Standard-Chartered, which offers financial services with head-quarters in London, has finished its first cross-border blockchain letter of credit deal in the oil sector with Thai government owned oil giant PTT Group. Standard Chartered stated that it has effectively completed a pilot letter of credit (LC) deal for PTT Group, IRPC Public Company Limited and PTT   Read more...

VeChain, which offers blockchain platform for public enterprise, has collaborated with Penfolds, a winemaker from Australia, to introduce a case of wine bottles tracked with blockchain, under the Wine Traceability Platform (WTP) program. In particular, unveiling Penfolds Bin 407 in July underlines the start of VeChain’s WTP phase 2, according to VeChain’s media release. The   Read more...

South Korea’s B2B fashion site Sinsang Market has become a member of the Terra Alliance ecosystem, a stablecoin-powered association of big e-commerce enterprises. EconoNews, which mainly reports economics news, has stated that the collaboration between Sinsang and Terra intends to establish a payment system that employs Korean mobile payment service (CHAI). The service has incorporated   Read more...

In a tweet published on August 4, Justin Sun, founder of blockchain platform Tron, has stated that the initial version of the Tron’s (TRX) scalability solution named “Sun Network” will be unveiled on August 10. Sun, in his tweet, asserted that the initial version of the network will permit for 100x scalability and the creation   Read more...

China automotive group Geely, which owns Volvo, has started manufacturing electric cars with cobalt supply traced via blockchain technology. According to news report, Volvo has joined a venture to track cobalt from Democratic Republic of Congo, and administered by RCS Global, a global management consulting, technology services and outsourcing company. Information technology related media firm   Read more...

The People’s Bank of China (PBoC), China’s central bank, stated that it is pushing forward with its plant to create a cryptocurrency. While briefing about the initiative through a video conference, the bank stated that the Party Central Committee and the State Council gives importance to economic and financial initiatives including monetary policy and support   Read more...