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The national postal operator of Russia plans to implement a parcel tracking system that will rely on blockchain technology. The introduction of the new service is part of Russian Post’s digital transformation strategy and is expected to reduce the number of lost shipments. Blockchain-Based Tracking System to Help Russian Post Save Time and Resources In the context of efforts to develop its services and improve the efficiency of its logistics, Pochta Rossii, or Russian Post, is considering various options, including the implementation of blockchain technology, a representative of the company…
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Grammy nominated super producer team ‘Cool and Dre’, and developer Peter Parente have introduced their latest project, GreedSwap ($GREED) – one that has a lot of eyes ready and wondering: what’s going on and what’s next? It was only a matter of time before music and the vastly growing cryptocurrency market came together to change the way music is bought and sold to the world. Chess Over Checkers: The Deal And The Plan According to a recent press release, GreedSwap, also known as the $GREED project, announced a new contract on…
A commonly used model of bitcoin ATMs has several software and hardware vulnerabilities, Kraken Security Labs revealed in a blog post yesterday. The security team notified the manufacturer, General Bytes, on April 20 of the attack vectors. General Bytes has released patches for the backend system but some fixes may require hardware revisions, Kraken said. Bitcoin ATMs allow users to buy bitcoin using fiat currency. General Bytes is the second-largest manufacturer of Bitcoin ATMs, representing 22.7% of the global market, according to information provider Coin ATM Radar. The model in…
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The United Kingdom’s central bank is ramping up its research into a central bank digital currency (CBDC) with the selection of a long list of banking and fintech experts to assist it. On Sept. 29 the Bank of England announced the membership of its CBDC Engagement and Technology Forums and they include some big names in technology and finance including Google, Mastercard, Consensys — and even Spotify. This week’s announcement is a signal that the central bank is taking its CBDC plans seriously. It stated that the Technology Forum draws…
Ethereum started a fresh increase from the $2,750-2,780 support zone against the US Dollar. ETH price could revisit the main $3,150 resistance zone in the near term. Ethereum started a fresh increase above $3,000 after testing the $2,780 zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise towards the main $3,150 and $3,165 resistance levels in…
The Commodity Futures Trading Commission (CFTC) has charged 12 New York-based crypto options businesses with allegedly failing to register with the regulatory body. In a Sept. 29 press release, the CFTC outlined that it is charging 14 entities in total, with the 12 crypto-focused firms all on the hook for failing to register as futures commission merchants (FCMs). All of the firms were “allegedly based in New York.” The other two companies have allegedly posted misleading information about their National Futures Association (NFA) membership and registration with the CFTC. The…