Day: June 12, 2019

A $3.7 Billion Behemoth Considering Ethereum, ETH Prices Responding

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Ethereum (ETH) up 5.9 percent Ubisoft considering building and creating a decentralized market place on Ethereum In a direct boost for Ethereum, Ubisoft is considering building on the platform. That follows Bitwage decision to support ETH. Reflecting on this development, ETH is up 5.9 percent in 24 hours. Ethereum Price Analysis Fundamentals Building is a mark of progress, and Ethereum is pretty good at that. Evolving after launching five years ago, the team is resolute in their roadmap. After Homestead, Ethereum is on track, and within the next three years…

Bitcoin Generates More Carbon Emissions Than Some Countries, Study Warns

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The carbon emissions generated by bitcoin (BTC) are comparable to the whole of Kansas City, and even a small country, according to a study published in the Joule journal on June 12. Christian Stoll, one of the researchers involved in the project, said the large energy consumption generated through mining translates into a significant carbon footprint. And, as the computing power needed to solve a bitcoin puzzle has more than quadrupled since last year, it is a problem that is getting worse, the study notes. It adds: “The magnitude of…

IBM, Hyperledger Blockchain ID System for Banks Launches in Brazil

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CIP, a facilitator of Brazilian banking and financial infrastructure, has officially launched its blockchain ID platform via a partnership with IBM using Hyperledger Fabric, Cointelegraph Brazil reported on June 12. The identity solution, dubbed “Device ID,” will see participation from nine banks, and is reportedly integrated into Brazil’s domestic clearing system, the Brazilian Payment System (SPB). Its aim is to authenticate and verify digital signatures using mobile devices, ostensibly to guard against financial crime and unauthorized use of the financial system. “Brazilian banks have been studying blockchain technology applications for…

Gov’t of Brazil to Consider Bill Requiring Public Administration to Promote Blockchain

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The Brazilian government will consider a draft bill that requires all units of local public administrations to promote new technologies such as blockchain, Cointelegraph Brazil reports on June 11. The new bill, PL 3443/2019, was filed by a group of ten federal officials from different political parties and states with the lower house of the National Congress of Brazil, Chamber of Deputies, on June 11. As specified in the title of the document, the proposed draft bill provides the “Digital Provision of Public Services in Public Administration — Digital Government.”…

Ripple Opens Shop in South America with Brazil’s $2 Billion Remittance Market

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By CCN Markets: Ripple has announced the launch of operations in Brazil as it prepares to capture a slice of the country’s lucrative remittances market and the South American region as a whole. The enterprise blockchain solutions firm indicated that it made the decision in ‘response to high customer demand in South America’. Ripple’s South American operations will be led by Luiz Antonio Sacco, a veteran in the financial technology space. Among the problems that Ripple has set out to address include the fragmentation and unreliability of the current payment…

Ripple Opens Shop in South America with Brazil’s $2 Billion Remittance Market

boss

By CCN Markets: Ripple has announced the launch of operations in Brazil as it prepares to capture a slice of the country’s lucrative remittances market and the South American region as a whole. The enterprise blockchain solutions firm indicated that it made the decision in ‘response to high customer demand in South America’. Ripple’s South American operations will be led by Luiz Antonio Sacco, a veteran in the financial technology space. We are growing rapidly and excited to help customers address the challenges of cross-border payments in Brazil and across…

Is Bitcoin’s Increasing Anonymity a Threat to Privacy Coins?

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It’s no secret that Bitcoin isn’t actually anonymous, despite what various outside observers of crypto might claim. It is, in fact, pseudonymous, as its transactions are vulnerable to being traced to specific individuals by governments and intelligence agencies with enough determination and knowhow. However, in recent months, the privacy it offers users has been steadily increasing, given that a number of coin-mixing services and add-ons are successfully providing more and more users with the anonymity that Bitcoin itself doesn’t quite furnish on its own. But with Bitcoin’s improving privacy, the…

Russian Authorities Sign MoU With Maersk to Officially Launch TradeLens in Russia

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Russian authorities have signed an agreement with Danish logistics giant Maersk to officially launch blockchain shipping platform TradeLens, according to a press release on June 6. As a part of the agreement, the port at Russia’s second-biggest city, St. Petersburg, will pilot the blockchain-powered logistics tool co-developed by Maersk’s tech subsidiary Maersk GTD and global tech giant IBM. The agreement was signed in the form of a Memorandum of Understanding (MoU) between Maersk CEO Søren Skou and Yuriy Tsvetkov, Deputy Minister of Transport of the Russian Federation and Head of…

French Gaming Giant Ubisoft Considering Potential Blockchain Applications

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French video gaming giant Ubisoft is allegedly exploring potential blockchain applications in gaming as a strategy to gain a more competitive edge in the industry. The news was reported by daily French financial newspaper Les Échos on June 11. Per Les Échos, Ubisoft has been quietly exploring blockchain applications for several months, and has allegedly already identified one in particular for implementation. The paper write that Ubisoft reportedly plans to put intra-game virtual objects or accessories onto the blockchain and monetize them. As the report notes, the model bears some…

Canada’s University of British Columbia To Launch First Blockchain Graduate Course

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The University of British Columbia (UBC) announced that it is launching Canada’s first blockchain course for graduate students in January next year. The blockchain and distributed ledger technology training path for graduate students aims to build capacity for existing master’s and PhD students in this area and help scale Canada’s blockchain industry, UBC said in a statement. The first in Canada offering multidisciplinary graduate education in blockchain technology, the training path will focus on four primary sectors: health and wellness, clean energy, regulatory technology and Indigenous issues. The first batch consisting of 139 students…