Technology

$300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

$300B Price of Meals Will Be Traced Utilizing Blockchain and IoT by 2027

Blockchain know-how and the Web of Issues (IoT) can resolve a number of the meals trade’s most urgent challenges and reserve it $100 billion a yr, based on a current report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion value of meals objects can be traced alongside the provision chain yearly inside seven …

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'Running Drivenet:' Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

‘Operating Drivenet:’ Bitcoin Proponent Discusses the Advantages of Drivechain Versus Lightning Community

Throughout the previous few days, quite a few cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain mission, additionally known as “Drivenet.” The Drivechain mission has been a piece in progress for years now, and only recently Sztorc printed a brand new model of the Drivenet software program. On June 29, the Bitcoin proponent John Gentle …

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Canada's Digital Dollar Should Focus on Inclusion and Accessibility, Say Experts

Canada’s Digital Greenback Ought to Concentrate on Inclusion and Accessibility, Say Consultants

A digital Canadian greenback ought to imitate conventional banknotes by way of availability and accessibility, in line with workers from the nation’s central financial institution, the Financial institution of Canada. In an analytical word on June 30, specialists from the Financial institution of Canada revealed among the objectives for its central financial institution digital foreign …

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Australians Lost More Than $14M to Crypto Scams in 2019

Australians Misplaced Extra Than $14M to Crypto Scams in 2019

Australians filed 1,810 reviews of cryptocurrency-related scams in 2019, collectively totaling greater than $21.6 million AU ($14.9 million USD). In line with a research by Scamwatch, an arm of the Australian Competitors and Client Fee, youthful Australians aged 25 to 34 had been these most closely affected by crypto funding scams. In line with the …

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Blockchain Tech May Soon Fuel Medical Tourism in South Korea

Blockchain Tech Could Quickly Gas Medical Tourism in South Korea

In Busan, a private-public consortium in South Korea introduced their intention to construct a blockchain-powered medical tourism platform. No deadline for launch is at the moment set. In line with Gyeongnam Ilbo, the initiative can be led by Busan Financial institution. They wish to set up the platform inside the second largest metropolis of the …

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SIM Swap Hackers Target Crypto Investors — Cell Services Not Available

SIM Swap Hackers Goal Crypto Traders — Cell Companies Not Obtainable

On June 11, it got here to gentle that California resident Richard Yuan Li had been charged with conspiracy to commit wire fraud for his function in a lot of SIM swap assaults that focused not less than 20 people. Not solely that, however as a part of his elaborate cash swindling scheme he additionally …

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Sparks Fly as Old Core Developer Says Ethereum Could Help Bitcoin Scale

Sparks Fly as Outdated Core Developer Says Ethereum Might Assist Bitcoin Scale

Bitcoin has seen a lot of scaling enhancements over current years. As an illustration, Segregated Witness (SegWit) has seen mass adoption by cryptocurrency customers and repair suppliers, lowering transaction charges by growing the variety of transactions that may squeeze right into a block. There have additionally been constructive developments made with the Lightning Community — …

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Nasdaq Issues Warning to Bitcoin Mining Company

Nasdaq Unveils Vetting Course of for Bitcoin Exchanges

Nasdaq has unveiled its complete onboarding course of for Bitcoin exchanges trying to make use of its proprietary surveillance instruments as a part of efforts to fight wash buying and selling and different types of market manipulation. The inventory trade operator says that it has already on-boarded seven platforms. Rigorous Vetting Wanted for Bitcoin Exchanges …

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Indian Crypto Companies Are Now Helping Thailand's Banks Instead

Indian Crypto Firms Are Now Serving to Thailand’s Banks As an alternative

Indian tech multinational, Wipro, has developed a blockchain-based resolution for banks in Thailand to settle dues. This comes as Indian authorities and banking authorities look to enact a blanket ban on all non-state-issued cryptocurrencies again dwelling. Thai Banking System Embraces Blockchain Expertise The settlement resolution is part of the primary section of Undertaking Inthanon, which launched in August …

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Binance: JP Morgan's Crypto Unlikely To Pose Immediate Threat To SWIFT Or XRP

Binance: JP Morgan’s Crypto Unlikely To Pose Speedy Menace To SWIFT Or XRP

Mere weeks in the past, JP Morgan Chase, one of many world’s largest monetary establishments, shocked the crypto area. For many who missed the memo, the Wall Road mainstay unveiled plans to launch its personal digital asset, primarily based on the Ethereum-esque Quorum personal ledger. Because of its premise, JPM Coin, because the cryptocurrency has …

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