Archived Posts

South Korea’s KB Kookmin Bank intends to roll out a cryptocurrency custody facility in the weeks ahead. As per news reports by Digital Today, the bank has submitted a trademark application for KBDAC, pointing to a suggested Digital Asset custody subsidiary, in the final week of January 2020. In the formal application submitted to the   Read more...

Coronavirus has forced the postponement of 2020 Chess Candidates Tournament, which was planned to be held in Ekaterinburg, Russia. However, the organizing committee is already studying the possibility of promoting the game through the adoption of blockchain technology. The tournament involves eight grandmasters competing against each other, with the victorious one taking on Magnus Carlsen,   Read more...

IT subsidiary of Indian business giant Mahindra Group, Tech Mahindra, has turned out to be the first Indian company to utilize R3’s blockchain powered Marco Polo platform for carrying out trans-border dealings. The platform facilitated quicker reconciliation and ambiguity resolution, in addition to considerable minimization of documentation and time necessary for the total trade process.   Read more...

Popular entertainment company Atari is collaborating with the Sandbox (TSB) on the forthcoming voxel-powered blockchain variant of its well-known user created gaming and content platform. In a media release, blockchain firm Animoca Brands, holding company of TSB Gaming, disclosed that the partnership will result in the development of 3D voxel variant of prominent Atari game   Read more...

In an attempt to encourage creation of advanced blockchain powered solutions for sectors ranging from civil to defense, the European Commission has announced grants to blockchain professionals. The EC has rolled out a European Defense Industrial Development Program inviting SMEs (small and medium enterprises) to offer quick, cheaper systems based on fresh methods, and suggestions   Read more...

Tron (TRX) blockchain, founded by Justin Sun, has joined hands with crypto focused service provider Metal Pay to facilitate real-time buying of TRX in the US. As per the media release, clients of Metal Pay mobile app will be able to buy TRX crypto using fiat currency. Users will also be able to pay for   Read more...

After half a decade of development, yesterday, Cardano rolled out its off-chain scalability covenant named Ouroboros Hydra. The protocol considerably increases scalability, which ensuring low latency of Cardano blockchain. Furthermore, the protocol also utilizes does not consume large memory of network’s nodes. The protocol also facilitates creation of apps for micropayments, insurance dealings, voting, and   Read more...

Bitfinex cryptocurrency exchange has employed its proprietary market supervision tool, christened Shimmer, to fight market exploitation on trading platform. Shimmer has the capability to spot and scrutinize market rigging actions and dubious trading on Bitfinex. The exchange anticipates that the embedding of Shimmer in trade matching engine will enhance market transparency and integrity. Currently, Bitfinex’   Read more...

The US President Donald Trump’s suggestion to roll out monetary stimulus package worth $1 trillion to ward off negative impact of coronavirus has raised eyebrows of the country’s residents. Notably, a bipartisan agreement worth twice the value of proposed monetary stimulus program has been accepted and it now looks to be more concrete. Changpeng Zhao,   Read more...