Archived Posts

BC Group, which is listed in the Hong Kong stock exchange, owns and manages institution centered cryptocurrency trading platform OSL. The firm has posted a 737% rise in FY19 revenue. Specifically, in its earnings report, the company has revealed that its OSL cryptocurrency trading platform generated the maximum earnings, representing 44% of Group’s total revenues,   Read more...

Bitfury, the blockchain development company, is diverting its computing power, which is currently used for cryptocurrency transaction handing, to COVID-19 study. The company disclosed that it is diverting its high-efficient GPU based computing nodes for performing calculations related to COVID-19. The diversion of Bitfury’s resources is a fine demonstration of distributed computing project, Folding@Home (F@H),   Read more...

In line with countries such as Sweden and Bahamas which are piloting their CBDC (Central Bank Digital Currencies), French central bank (Banque de France) has also unveiled its CBDC program. The Bank of France has now initiated a series of trials to assess the pros and cons of using CBDC for interbank settlements, luring likely   Read more...

hina’s second largest courier service provider SF Express is studying the utilization of blockchain to move crucial goods during the COVID-19 pandemic. Global Times, an English media outlet under the supervision of the CPC-owned People’s Daily Group, stated that the Shenzhen-based company views blockchain technology to be advantageous for tracking the origin and assessing the   Read more...

CB Insights, a research firm headquartered in New York, has unveiled a report indicating that Chinese firms are beginning to considerably boost their blockchain linked investments. The research record carrying the title “The Blockchain Report 2020,” was released on March 11. It pointed out that in 2015, agreement from the US-based firms represented 51% of   Read more...

An association of Dutch enterprises has unveiled the “Tech against Corona” efforts. Partaking companies will offer path breaking technologies, free of cost to Dutch government, to battle coronavirus disease. Tymlez, a firm focused on distributed ledger technology (DLT), is one among the ten plus firms which have come forward to freely offer their solutions to   Read more...

The World Health Organization (WHO) has collaborated with top blockchain and tech firms to rollout a distributed ledger technology (DLT)-powered platform for distributing info related to coronavirus pandemic. The blockchain platform, named MiPasa, is developed using the Hyperledger Fabric and intends to facilitate “early detection of COVID-19 carriers and infection hotspots.” MiPasa has been introduced   Read more...

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...