Day: November 6, 2019

UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham

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The United Nations Security Council’s Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money.  As South Korean newspaper Chosun Ilbo reported on Nov. 6, the committee conducted an investigation into the various strategies allegedly employed by the North to evade sanctions using cryptocurrencies and other means. The Committee’s allegations The Committee alleges that “Marine China” — a  blockchain-focused shipping and logistics firm registered in Hong Kong — was created by North Korean actors; its owner and sole…

EU-Funded Acceleration Project, LEDGER, Offering Support Services and Up to €200k Equity-Free for Blockchain Data Governance Projects

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Pan-European acceleration program for human-centric solutions LEDGER has kicked off its second open call – aimed at innovative projects building blockchain and other DLT supported solutions for data governance.  advertisement So far, the European Commission has invested more than €80 million in blockchain projects for societal use. By 2020, the European Commission expects to allocate around €300 million to blockchain initiatives like LEDGER.  The final 16 selected teams will access a Venture Builder programme of 12 months receiving DLT software support and training, technological and business mentoring and other enabling…

Azerbaijan to Adopt Blockchain-Based ID System in 2020

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The Republic of Azerbaijan is planning to complete a project of blockchain-based digital identification system by the end of 2019. Farid Osmanov, director of the information technology department at the Central Bank of Azerbaijan (CBA), says that the new system will be adopted in the first quarter of 2020, local news agency Trend News reported on Nov. 6. “Transition of the CBA to open banking” According to the report, the CBA executive introduced the plans speaking at the fourth International Banking Forum. Osmanov reportedly highlighted the system’s prospects in terms…

Coca-Cola Employs SAP’s Blockchain to Enhance Supply Chain Productivity

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Coke One North America (CONA), the IT platform of the North American beverages company giant Coca-Cola, is implementing the blockchain technology of the German software firm SAP. The aim is to improve the company’s complex production process and supply chain operation by increasing efficiency, bringing transparency in inventory and enabling faster payment processing. Blockchain has been around for a decade now and many business entities and organizations, including corporate giants like Microsoft and Amazon, have found it extremely useful and accordingly filed patents of various applications of this latest technology.…

Tokens.net Seals Partnership With Bitcoin.com as an Official SLP Partner

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Simple Ledger Protocol (SLP) is a protocol for token creation on the Bitcoin Cash (BCH) chain, promoting tokenization of assets in a simple and effective way. The Simple Ledger Protocol provides electronic wallets, block explorers, social media bots, token faucets and back-end infrastructure, as well as protocols for token creation and consulting for token resources and development. Simple Ledger Protocol (SLP) and Simplified Tokenization As tokenization is slowly but steadily gaining in popularity thanks to transparency and increased functionality in terms of storing and distributing value, the Simple Ledger Protocol…

China’s Updated Policy Will No Longer ‘Eliminate’ Cryptocurrency Mining

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China is set to allow cryptocurrency mining. The nation hosts the four largest mining pools around the world. The Chinese government is making significant steps towards the adoption of blockchain technology. Cryptocurrency mining will be kept alive in China. The news come after President Xi Jinping announced that his country will “take the leading position in the emerging field of blockchain.” China Will Allow Crypto Mining The National Development and Reform Commission (NDRC), one of the highest-ranking economic planning agencies under China’s State Council, published today the final version of…

Tezos Expects Further Expansion into Asian and Global Markets with XTZ Getting Listed on OKEx

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OKEx, the global digital assets exchange and trading platform has added yet another feather to its cap. The platform has announced the listing of Tezos (XTZ) token, which went live on November 6, 2019, at 9:00 AM UTC. Tezos is one of the prominent cryptocurrencies on the market at this time, with an estimated market capitalization of over $695 million to rank as the 21st most popular cryptocurrency, according to Cryptocompare’s data. XTZ is also commanding a 24-hour volume of over $206k and could further increase in the coming days…

India’s Defense Minister Calls to Harness Blockchain Technology for Warfare

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While addressing a roundtable conference of more than 80 nations, India’s Defense Minister Rajnath Singh, commented on how the country’s armed forces need to be equipped with technologies such as blockchain, AI and big data to counter the continuously changing landscape of modern warfare. Singh elaborated on how the future of security is dependent on digitalization, and that modern warfare is not limited to land or sea. It is now entering the cyberspace too and in order to repel any threats to India’s cyberspace, it is imperative that the armed…

Illinois Resident Invests Half of His Lottery Winning in Bitcoin back in May

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With the gain of 65% since May, the Illinois resident who spent half of his lottery winnings on Bitcoin had to pay $143,000 in taxes to the state. Earlier this year, a man from the state of Illinois made a killing, winning $500,000 in a state lottery. Recently, he revealed that half of this fortune has been spent on buying Bitcoin (BTC). He confirmed that back in May, he had purchased about $178,000 worth of BTC and wrote on Reddit: “Did this. Then put half into BTC in May.” Further,…

EU Reaffirms Potential Move to Block Facebook’s Cryptocurrency

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The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A draft document to be discussed at a meeting of E.U. finance ministers this Friday states that “all options should be on the table” — including impeding the stablecoin’s very development. The news was reported by EU policy site EurActiv on Nov. 6. Libra’s lack of clarity makes decision “impossible” The document is an initial text prepared by Finland, which currently holds the…