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Beijing Makes Digital Yuan Pilot Expansion Plan U-turn
20.8.2020
The Chinese government has indicated that it may not decide to expand the scale of its digital yuan launch after all – just days after it revealed details of a massive expansion encompassing some of the most affluent parts of the country.
As previously reported on Cryptonews.com, the nation’s...
Experts: North Korean ‘Tech Has Scaled Up’ After US Makes Hack Claims
19.8.2020
North Korea’s “fast-developing tech abilities” could be helping it scale up its raids on financial sector targets like international crypto exchanges, say South Korean observers. Experts have spoken out after a report from the American armed forces concluded that several thousands of North Korean...
More Football Crypto as Japanese League Goes Blockchain + More News
18.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Blockchain-powered fantasy football platform Sorare says it will launch a complete set of J-League – Japanese top-flight professional...
Chinese State-owned Banks Issue Flurry of Blockchain Patents
18.8.2020
Two of China’s biggest state-owned banks have registered a number of blockchain patents as both continue to expand the central People’s Bank of China (PBoC)’s fast-expanding, much-vaunted digital yuan pilot.
Per media outlet NBD, the banks in question are the Industrial and Commercial Bank of China...
US Postal Service Bets on Ethereum Blockchain in Patented Voting System
18.8.2020
As the U.S. is gearing towards the November 3 presidential election, it seems that the U.S. Postal Service (USPS) might be preparing to integrate blockchain within its operations to provide a reliable mail-in voting system to voters across the country. Last week, the service filed a patent...
Chinese Steelmakers Using Blockchain to Break Dollar Dependence
18.8.2020
Chinese firms could look to end their dollar dependence in international trade deals using blockchain technology – with the nation’s steel industry looking to purchase raw materials in Chinese fiat RMB rather than the American greenback.
Per a report from China Economic Net, an increasing number...
Block.one's Voice Beta Goes Live + More News
17.8.2020
Here is your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Business news
Block.one's social media site, Voice, is almost ready to go live, as its beta program opens its doors to the friends and family...
LG CNS Blockchain-powered Sales Up 12%, More Projects Planned for H2
17.8.2020
Industry 4.0 and blockchain technology-related sales have helped boost the sales performance of LG CNS, the IT services arm of the LG Group – despite an overall drop in profits caused in part by the coronavirus pandemic.
Per media outlet Seoul Kyungjae, LG CNS reported a drop in sales of over...
Filecoin, IoTeX & IPFS Bringing Decentralized Updates for Surveillance Cams
13.8.2020
Ucam. A new trio has been formed to work on the decentralization of the Internet of Things (IoT) - starting with updates for a surveillance camera.
The partners-in-decentralization are privacy-focused blockchain platform for IoT, IoTeX, a protocol and peer-to-peer network for storing and sharing...
A Million South Koreans Now Using Blockchain-powered Driver’s Licenses
13.8.2020
Over 1 million South Koreans have traded in their plastic driver’s licenses in favor of a blockchain-powered, police-issued smartphone-based digital alternative.
Per Daily Kyungjae, the initiative allows drivers to identify themselves to police using barcodes or QR codes, as well as...
World's Largest Utility Firm to Debut Blockchain-powered Digital ID Platform
13.8.2020
A local branch of the State Grid Corporation of China (SGCC) – the nation’s electricity monopoly and the biggest utilities firm in the world – said that it has developed a blockchain technology-powered digital identity authentication system.
Per Shupeidian, the Anhui Province branch of the SGCC...
Blockchain Alchemy For All; BitPay Gets Closer To Coinbase + More News
11.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
Blockchain developer platform Alchemy said it has ended its closed beta and is now available for all developers to use....
South Korean’s Silicon Valley Turns to Blockchain-powered Pay
11.8.2020
Seongnam, a major satellite city on the outskirts of the capital Seoul, South Korea, is set to expand its blockchain-powered payment program with a new digital gift certificate issuance project.
The new platform will make use of an app called Chak, and will be built by the Korea Minting...
Chinese Province Says It Will Nurture 20 Blockchain Companies by 2022
11.8.2020
Farmers in Hebei Province, China. Hebei Province, China, has embarked on an ambitious three-year blockchain development plan – and has pledged to foster 20 “leading” blockchain firms by 2022.
Per Shanghai Securities News, the plans were unveiled by the IT arm of the Hebei Communist Party of China...
Blockchain Could Help Rail Eclipse Road, Says Russian Tech Chief
10.8.2020
A Russian railway executive has talked of the possibility of adopting blockchain technology on the nation’s rail network.
Per Vgudok, Sergey Vinogradov, the Director-General of the Scientific Research Institute of Railway Transport, spoke of the virtues of blockchain technology – stating that...
Telecom Giant Says ‘Local Stablecoins, Blockchain’ Powered 19% Growth
8.8.2020
Executives of KT Group in Seoul. South Korea is just one of the countries currently reeling from the effects of the coronavirus pandemic, with economic growth down in most sectors. But one industry – telecommunications – is booming. And blockchain-powered local stablecoins appear to be helping...
Blockchain-based Pay’s the Way for South Korean Highways
7.8.2020
Blockchain-powered payments are coming to South Korea’s highways – with the nation’s motorway operator sealing a deal that will see it use blockchain technology to power toll payments across the country before the end of the year.
Per D Daily, KEB Hana Bank, one of the nation’s biggest commercial...
Chinese Banks Set to Adopt Blockchain-powered Forfaiting Platform
7.8.2020
The China National Clearing Center (CNCC), the Chinese central bank's settlements and clearing arm, is set to work with three major banks to foster a blockchain-powered forfaiting trading platform – aimed at boosting the efficiency of export financing.
Per Sina, the CNCC has sealed a deal that also...
More Blockchain Graduates Needed to Meet China’s Burgeoning Demand
5.8.2020
China’s first batch of blockchain graduates will begin their courses later this year, but will not complete their studies until 2024 – with a leading expert warning that the academic sector is “seriously lagging” behind industrial demand.
Per Mars Finance, the head of the Digital Economy...
Ethereum Saved by DeFi in July, Tron Scores in All Metrics - DappRadar
5.8.2020
A contrast, so to say, between two major blockchains was observed by dapp (decentralized app) data aggregator and analysis firm DappRadar in July: While Ethereum (ETH)'s results were "controversial," Tron (TRX)'s development was positive across the board.
While ETH price increased in July...