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Beijing ranks first among blockchain cities in China

Beijing ranks first among blockchain cities in China

Beijing has been named as the top blockchain city in the 2020 Chinese Blockchain Innovation rankings. The Chinese Blockchain Innovation rankings were revealed at the China International Fair for Trade in Services Summit. The rankings comprehensively evaluates the blockchain technology and development of 83 Chinese cities and special zones, except Hong Kong, Macao and Taiwan. There were four key dimensions considered, such as research and development, industrial development, public popularity, and policy based on multi-source objective data. According to reports, China’s blockchain regions have obvious advantages in the development of leading cities, with Beijing, Shenzhen, Shanghai, Hangzhou and Guangzhou ranked in the top…

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

Two new European Union documents have proposed a four-year window for incorporating crypto assets into the E.U.’s payment infrastructure. The documents include plans for the E.U. executive to put forward a law to iron out any regulatory kinks and if necessary create new regulation for crypto adoption in the E.U. New Rules To Bring Regulatory Clarity According to Reuters, the European Commission is especially keen to press ahead with crypto adoption because the pandemic lockdowns exposed a failure point in the existing cash-dominated order. To this end, the EC believes that switching to instant payments is now a priority. In order to achieve this,…

The first cryptocurrency bank license was granted

The first cryptocurrency bank license was granted

The State of Wyoming in the USA approved Kraken’s request. What services will it offer to customers. Because evolution is important for the entire crypto space. Ethereum is galloping. This is a development of historical significance. A milestone in Bitcoin’s path to widespread acceptance and recognition. The State of Wyoming in the USA approved the application of Kraken, one of the first cryptocurrency exchanges, to establish a Special Purpose Stocks Foundation (SPDI). In other words, the world’s first official digital banking license was issued. Kraken Financial, as it is called, will initially offer its services only in the US, but…

Singapore Food Agency adopts veriTAG’s blockchain food tracking system

Singapore Food Agency adopts veriTAG’s blockchain food tracking system

Singapore Food Agency has joined forces with Cloud-based smart tagging firm veriTAG and ST Engineering to develop a blockchain-based food tracking system. The partnership began development last year and aims to correct the critical problem areas in the Singapore food supply chain. veriTAG founder and CEO Jason Lim said: “Food safety and security is not a farming problem or a manufacturing problem — it’s a problem that affects everyone. We are pleased to be partnering with veriTAG, the Singapore Food Agency and ST Engineering to provide a tangible, creative solution to a critical issue.” eriTAG’s food tracking system is based…

Another Turkish football club is capitalizing on blockchain

Another Turkish football club is capitalizing on blockchain madness

Turkish football club Trabzonspor is the latest team to issue their own fan tokens using the Blockchain voting and rewards app, Socios.com, which will be available via the Chiliz exchange. According to the announcement, $TRA token holders will be able to vote in various polls and earn rewards for their engagement with the football club. Rewards could include VIP stadium attendee status, and even the ability to meet with players once the COVID-19 pandemic has passed. Socios’ app will also enable users to compete to become the #1 fan in their region or country. Sinan Zengin, general manager at Trabzonsport, commented: “This…

Starbucks Introduces Blockchain Coffee Tracing System For Customers and Farmers

Starbucks Introduces Blockchain Coffee Tracing System For Customers and Farmers

Quality control is one of the most important facets of any industry, especially coffee. In a bid to provide greater transparency to its customers, and a re-affirmation of its quality, Starbucks has turned to blockchain in order to track the ‘journey’ of its coffee beans from the farmer that cultivates them, all the way to the branch. Starbucks, one of the leading coffee makers across the globe with thousands of stores, has turned to blockchain to help its customers trace the origin of their coffee. Starbucks believes that blockchain technology would enable users to scan a bar-code on their coffee bags to…

Will blockchain boost air cargo efficiency after Covid-19

Will blockchain boost air cargo efficiency after Covid-19

Amid a global pandemic, there has arguably never been a better time to make the movement of air cargo more efficient and easier to monitor. Switching to blockchain could help make this achievable, creating crucial cost savings for stakeholders in the bargain. The Covid-19 outbreak has brought global supply chains to their knees, with critical companies forced to shut down their operations. According to figures released by International Air Transport Association (IATA), demand within the global air freight markets in April suffered a drop of 27.7% compared to the same period in 2019 – the sharpest year-on-year decline on record. This has…

Russia tests blockchain voting as the September elections approach

Russia tests blockchain voting as the September elections approach

Russia has had a lot of interactions with crypto and blockchain industries in the last few years. Less than a year ago, the reports revealed that the country plans to use blockchain for selling diamonds. Only days ago, the country’s bank made a first-ever crypto-backed loan. Now, Russia even started conducting tests for blockchain voting, right before the elections scheduled to take place in September.   Russia develops blockchain voting to deal with coronavirus   Russian elections are approaching, but the situation with COVID-19 is still far from being resolved. With people mostly still keeping at home, the authorities have had to come…

What if Satoshi Nakamoto was Satoshi Nakamoto

What if Satoshi Nakamoto was Satoshi Nakamoto all along?

Leah McGrath Goodman, the Newsweek journalist who named Japanese-American man Dorian Satoshi Nakamoto as Bitcoin’s founder in 2014, is doubling down on her claim. In an Aug. 25 episode of the Pomp Podcast with Anthony Pompliano, McGrath Goodman revealed details of the research regarding her original Newsweek story including her written correspondence with Dorian Nakamoto. The journalist took Pomp through her investigation, saying that it had been relatively simple to contact some of the “top ten” Bitcoin pioneers over email prior to publication of the March 2014 story. Gavin Andresen and Hal Finney each provided key information that led McGrath Goodman to…

7M Americans Own BTC But Hold None In Retirement Accounts

Over 7M Americans Own BTC But Hold None In Retirement Accounts

Millions of U.S. citizens own both Bitcoin and a retirement account, but hold no Bitcoin in that retirement account. Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts. “There’s 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don’t have Bitcoin in their retirement account,” Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview. People have more to spend on Bitcoin in their…