Blockchain | Cryptocurrency Market

The number of blockchain investment deals has declined for seven consecutive months

According to research findings by The Block, 44 blockchain-related investment deals occurred during May 2020, a significant decline from the numbers seen last year. As shown in the chart below, the number of reported deals peaked in July 2019 – with 121 – though figures have fallen more consistently since the start of the year. The …

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Congressman pushes blockchain bill that seeks to provide more regulatory clarity

News / By Cryptocurrency Market

U.S. Congressman Brett Guthrie (R-KY) introduced a set of bills with a focus on the use of blockchain in the American economy and artificial intelligence (AI) to combat nefarious online activity. The Advancing Blockchain Act is one of several bills related to emerging technology introduced through the Energy and Commerce Committee and Consumer Protection and …

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Blockchain to launch interest-bearing accounts with initial support for bitcoin

News / By Cryptocurrency Market

Crypto wallet and services provider Blockchain.com is set to roll out interest-bearing accounts, letting users earn yields on their bitcoin deposits. Founded in 2011, Blockchain.com is best known for its bitcoin blockchain explorer and cryptocurrency wallet services. According to information shared with The Block, 28% of all bitcoin transactions in 2020 took place in Blockchain.com wallets. …

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Blockchain Bites: Last Day of Consensus, Will Crypto Save the Internet?

News / By Cryptocurrency Market

Top Shelf Consensus: Distributed ended on a high note with a keynote address from Juan Benet, founder of Protocol Labs, who granted a rare interview as he closed out the week-long virtual conference. Speaking widely on the topics of decentralization and Web 3.0, Benet said, “the internet has become dramatically more important to us.” Over a …

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Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

News / By Cryptocurrency Market

HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm. The Vietnam-based bank is the latest financial institution to join Contour’s network with a view to streamlining the issuance of letters of credit with the use of a blockchain and smart contracts, local media …

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Sidestepping Telegram, Devs and Validators Launch Fork of TON Blockchain

News / By Cryptocurrency Market

Telegram’s blockchain network finally launched today – or, at least, a version of it. TON Labs, a startup that helped Telegram run the test network for the Telegram Open Network (TON), launched its own version of the blockchain Thursday, with the support of professional validators. Called Free TON, the fork comes after the group decided …

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Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

News / By Cryptocurrency Market

Justin Sun’s Tron platform successfully applied for a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the …

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IBM, Merck Declare FDA-Backed Drug Tracing Blockchain a Success

News / By Cryptocurrency Market

IBM, Merck, Walmart and KPMG’s drug-tracing blockchain pilot has exceeded the benchmarks outlined by the U.S. Food and Drug Administration, the group announced Monday. In their final report to the FDA, the project’s sponsor, the partners called distributed ledger technology (DLT) a safety-enhancing answer to the U.S. Drug Supply Chain Security Act (DSCSA), which gives …

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Blockchain voting mulled in Senate memo as COVID-19 disrupts how Congress operates

News / By Cryptocurrency Market

The COVID-19 pandemic has disrupted the U.S. Congress’s ability to meet and deliberate – a state of affairs that has forced a rethinking of how America’s national legislature operates in a time of crisis. And according to a Senate memo dated April 30 and obtained by The Block, blockchain-based voting could be part of the solution. …

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Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

News / By Cryptocurrency Market

Argo Blockchain, a bitcoin mining firm listed on the London Stock Exchange, reported stellar 2019 earnings Wednesday. The company attributed its success to cutting off its consumer-facing arm and focusing on mining some 1,330 bitcoin (BTC) on the year. In its full-year results, Argo said 2019 revenue was up 11-fold from the year before, a …

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