Jihan Wu, the controversial co-CEO of bitcoin mining hardware maker Bitmain, will discuss the idea of central bank digital currencies in a speech Wednesday, a source told CoinDesk. Wu is perhaps the most highly-anticipated speaker at the three-day D.C. Blockchain Summit, which kicked off on Tuesday with a developer event.…
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Russian authorities are planning to pass new legislation that would effectively legalize cryptocurrency markets by summer 2018. As revealed in a report by the Russian parliament’s official publication on March 1, Russian president Vladimir Putin has set a deadline on July 1 for relevant cryptocurrency legislation to be adopted in…
A week after the launch of El Petro, Venezuelan President Nicolas Maduro announced new achievements of the national crypto currency. According to him, for the period from February 20, $ 3 billion was raised and 171 015 certified purchases were conducted with the participation of investors from 127 countries. El…
According to regional reports, China’s police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. An informant details that China’s Public Information Network Security Supervision task-force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering. China’s Regulators…
A new patent filing finds retail giant Walmart seeking to utilize blockchain technology to perfect a smarter package delivery tracking system. In an application released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Walmart describes a “smart package” that would include a device which would record information on a…
The Marshall Islands is the latest country looking to issue its very own cryptocurrency. Called “the sovereign” (SOV), the cryptocurrency will circulate as legal tender alongside the USD and will be distributed to the public via an “initial currency offering,” the President of the Republic of the Marshall Islands (RMI),…
Yang Chin-long, the new governor of Taiwan’s central bank, indicated in a speech yesterday, Feb. 26, that the bank would be open to exploring Blockchain technologies. At the end of January, Taiwanese capital Taipei had announced that they intended to turn into a ”smart city,” utilizing Blockchain for providing technological…
J.P. Morgan Chase has added a segment on cryptocurrencies to the “Risk Factor” section of their 2017 annual report to the US Securities and Exchange Commission (SEC), filed yesterday, Feb. 27. The annual report mentions cryptocurrencies under the “Competition” subsection when describing how new competitors have emerged that threaten J.P.…
Different car producers are starting to use blockchain technology in the vehicles they are producing. Now, Porsche is testing Ethereum-based blockchain technology in collaboration with a start-up known as XAIN. This start-up is already working with DHL, Volkswagen, Nvidia, and many other enterprises in the industry. With this partnership, XAIN…
Venezuela plans to release another Cryptocurrency, Petro gold, this week, which will be secured by gold. Last week, the country successfully launched the sale of tokens, confirmed by oil reserves. Previously, Venezuela planned to launch its own Petro, provided with oil, gas, gold and diamonds, Interfax reports. “I’m going to…