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The world’s fastest growing young economy, India fears that cryptocurrencies will strike off the weakening rupee. Though aware about its popularity and accelerating growth, India is unsure. The high-level panel committee led by top bureaucrat, Subhash Chandra Garg is very hesitant about adopting the digital currencies. Indian experts are more worried about cryptocurrencies toppling the […]
The Isle of Man’s two blockchain projects, the ‘Blockchain Office’, and the ‘Isle of Man Sandbox’ will leverage the blockchain sector to newer horizons. Being developed since September 2018, the two initiatives are designed by Digital Isle of Man which is an executive agency within the island’s Department for Enterprise. The first project, ‘Blockchain Office’ is […]
With 246 officially registered cryptocurrency exchanges, Australia is getting closer to legitimizing crypto assets. The registration process includes background checks and consideration of whether the concerned exchange presents a risk of money laundering. Cryptocurrency exchanges register have to register with the governing body, the Australian Transaction Reports and Analysis Centre (AUSTRAC). As per reports, the […]
The Islamic Republic of Iran has finally launched ‘Peyman’, a gold-backed cryptocurrency. The virtual currency is the result of collaboration between the Kuknos Company and four banks – Bank Mellat; Bank Melli Iran; Bank Pasargad; and Parsian Bank, as well as key role by the Iranian Ghoghnoos Company. The cryptocurrency will be available for purchase […]
Merck Group, the German pharmaceutical and life sciences company, has been granted a US patent for a procedure linking artificial intelligence (AI) and blockchain technology through the formation of ‘crypto-objects’. The patent focuses on securing supply chains. Isabel De Paoli, Merck’s Chief Strategy Officer said the group is spearheading the development of blockchain technologies that […]
African nations are one step ahead than other nations in embracing cryptocurrency. With Bitcoin leading the way, it has found enthusiasts in South Africa, Zimbabwe, Ghana, Kenya, Botswana, Nigeria, and South Sudan. Emmanuel Tokunbo Darko, the Vice-President of Marketing for ICO Watchlist said citizens of African countries transact in Bitcoin ‘as opposed to their local […]
Energinet, Danish-state-owned transmission system operator, collaboration with IOTA Foundation has propelled Denmark into green energy. Through the partnership, the two organizations will be exploring the concepts of digital trust and distributed ledger technologies (DLT). Energinet’s Market Developer Andre Bryde Alnor disclosed the main reason behind the partnership was to eliminate the gap between progress in the […]
Massachusetts-based biotechnology company, Agenus has adopted blockchain technology to fund a cancer drug AGEN2034. Agenus is ready to launch in mid-February, the first of its kind digital security offering, Biotech Electronic Security Token (BEST), in the healthcare industry. In an official statement, the bio-tech company said “BEST will be tied to AGEN2034, an anti-PD-1 antibody […]
In a new low for the defunct BitGrail, an Italian Court has demanded the bankrupted exchange to pay up the ‘lost’ $170 million. In January 2018, BitGrail had been hacked of $170 million in Nano which was earlier known as Raiblocks. As per various cryptocurrency reports, the Nano was worth $14 million but when the […]
Union Pay, China’s leading financial services provider, has warned against illegal transactions in a letter. It has listed 25 virtual currency over-the-counter (OTC) transactions. Union Pay advises exchanges to work on a comprehensive self-inspection and rectification process. The financial services provider considers token issuing financing, internet sales lottery platforms and virtual currency trading to be […]
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