Archived Posts

The United Arab Emirates (UAE) is discussing the possibility of a common digital currency and other policy measures with Saudi Crown Prince Mohammed bin Salman who arrived in the West Asian country of Emirates yesterday. While reporting the news of visit, English media outlet The National revealed that Prince Mohammed was warmly welcomed by the   Read more...

The Afghan government is planning to incorporate blockchain technology in its health sector. In this regard, the Afghan Ministry of Public Health has inked a Memorandum of Understanding (MoU) with blockchain focused startup FantomOperations. Using the blockchain technology, fake medicines would be identified, while digitzing patient related documents and establishing medical registries in hospitals. Ferozuddin   Read more...

Akomba Labs, a blockchain startup focused on scalability, ran “Blockchain Distribution Network” (BDN), developed by BloXroute, on Ethereum node to assess the impact on block propagation time. The trial carried out in Singapore on November 11 and November 27 indicated that the average block propagation time, reflecting the time required for a block to be   Read more...

Bitcoin (BTC) dropped below $7,000 earlier today, but reversed sharply on new reports related to Upbit hacking allegedly by insider. Data from Coingecko shows that BTC/USD fell sharply to $6,844 before bouncing back sharply to hit $7,362. At the time of writing this article, Bitcoin was trading at $7,266.90. The volatility was paralleled by news   Read more...

Zhou Xiaochuan, the president of the Chinese Finance Association and ex-governor of People’s Bank of China, has opined that China’s central bank digital currency (CBDC) will support global payments and domestic retail transactions. While speaking at the 2019 Caixin Hengqin Forum, he explained about the two different kinds of transactions (global settlements and retail dealings)   Read more...

One of the difficult tasks to accomplish while supporting impoverished communities is overseeing the process and ensure that everything goes as planned. Despite various methods adopted to successfully support poor people, there are always instances where local economies face difficulty due to lack of funding on time. To resolve the issue, the Red Cross societies   Read more...

Jon Holmquist, who launched Bitcoin (BTC) Black Friday event, has announced that the extravaganza will no longer be conducted as it has achieved its original objective. The information was revealed by Holmquist through a post in the official website of Black Friday. Regarding the winding down of Black Friday program, Holmquist said “I have decided   Read more...

Travala, a platform facilitating hotel room booking using cryptocurrency, has partnered with travel fare aggregator site Booking.com. Under the partnership, tourists can reserve room using any of the deals offered by Booking.com. In this regard, Travala stated that it has already linked the deals offered by Booking.com in its platform. With this partnership, tourists will   Read more...

MoneyGram, money remittance firm, stated that it has been funded $20 million by blockchain service provider Ripple. Including this, Ripple has invested $50 million in MoneyGram, with the first tranche of $30 million invested in June. The aforesaid amount was invested by acquiring stake at a price of $4.10 per share, higher than MoneyGram’s prevailing   Read more...