Libra changes course after regulatory hurdles with more ties to local currencies

Meet the new Libra - not quite the same as the old Libra. The Facebook-backed digital currency initaitive has today launched a redesigned roadmap after encountering blowback from regulators.

The vision for Libra is now to create a more traditional payment system tied to local currencies, including USD, EUR and GBP. The Libra coin (LBR) - therein the original concept of a digital currency backed by assets - remains, but as co-creator David Marcus noted, will be a "smart contract...

Bitfarms gives positive update to mining process amid Covid-19

Blockchain infrastructure firm Bitfarms has optimised mining operations in real-time to maintain maximum computer capacity all through the on-going economic and social turmoil caused by the COVID-19 pandemic.

2020欧洲杯最新战况Bitfarms has been able to maintain an average daily hashrate of about 630 petahash per second (PH) since a significant decline in Bitcoin price on March 12 till the price recovery at or above $6,000 on 19 March. It maintained an average daily hashrate of approximately 750...

Michel Rauchs, CCAF: On Libra, Bitcoin power consumption, and learning from history

Of all the emerging technologies set to transform business processes, blockchain stands on its own for a variety of reasons. Whereas many – 5G, cloud, augmented reality – are the next iteration of what has come before, blockchain stands alone.

2020欧洲杯最新战况As a result, it’s difficult to rely on past laurels. Those at the sharp end need to have interests and expertise in a variety of specialisms, from computer science, to economics, to geo-politics.

2020欧洲杯最新战况Michel Rauchs (left)...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Riot Blockchain to scrap crypto exchange and further pursue mining

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

The greater move to mining has been coming, with Riot recently...

Mastercard, Binance X and Xpring join Blockchain Education Alliance in ‘significant’ move

2020欧洲杯最新战况The Blockchain Education Alliance has announced the joining of several new members, including Mastercard, Binance X, the innovation arm of major crypto exchange Binance, Ripple's accelerator Xpring and cryptocurrency exchange KuCoin.

2020欧洲杯最新战况Other members to join the Alliance are smart contract platform NEO, IoT startup IoTeX, blockchain security firm Quantstamp and big data blockchain service Constellation Labs.

2020欧洲杯最新战况The Blockchain Education Alliance was launched in October 2019 by...

Dubai Multi Commodities Centre to launch ‘crypto valley’ ecosystem

2020欧洲杯最新战况Dubai Multi Commodities Centre (DMCC), the Dubai government authority on commodities trade and enterprise, has announced the launch of its own Crypto Valley ecosystem in a partnership with CV VC and CV Labs.

Under the agreement, announced at Davos earlier this month, the entities will be launching what is claimed to be the world’s largest ecosystem for cryptographic, blockchain, and distributed ledger technologies.

2020欧洲杯最新战况The DMCC Crypto Valley, which aims to foster...

Binance acquires Chinese blockchain data startup DappReview

Binance has announced that it has acquired DappReview, a blockchain data startup based in Beijing.

DappReview also offers data-driven research and advertising services blockchain-based decentralised applications (Dapps).

As reported by Coindesk, in an interview, Viktor Radchenko, founder at Binance's Trust Wallet said: “The acquisition of Beijing-based DappReview will help the world's leading exchange by volume to further develop its existing dapps and create new...

SecuX launches crypto POS payment ecosystem to complement hardware wallets

Meet SecuX. The company, a provider of blockchain-based security solutions based in Taiwan since 2018, has expanded its offering with the launch of a cryptocurrency point of sale (POS) payment ecosystem.

The launch, which was made exclusively at Blockchain Expo North America yesterday, means the company moves beyond its previous product line around hardware wallets. Attendees were able to see a demonstration of the POS system and how users can pay using the app on either vending...

Analysing China’s about turn on blockchain – and what could come next

2020欧洲杯最新战况The past week has seen various significant developments in terms of how blockchain technologies will be perceived and developed in China.

On October 25, it was reported that Chinese President Xi Jinping had described the technology as an ‘important breakthrough’, with more developments needed to accelerate the sector, as well as greater interoperability between blockchain technologies, artificial intelligence (AI), and the Internet of Things (IoT).

Xinhua, China’s...