Bitcoin
Revolut Sees 57% Jump in Crypto Demand with COVID-19 Lockdown

Revolut Sees 57% Jump in Crypto Demand with COVID-19 Lockdown

Revolut, a UK-based payments unicorn, has reported a significant jump in the number of its clients trading cryptocurrencies on its application. According to the data published by the payments company, the number of Revolut users trading digital currencies surged 68 percent in April. The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation The massive spike in demand in Bitcoin and other cryptocurrencies was witnesses following a 52 percent drop in the average value of each trade in March. Towards the end of April, the average sum of digital currencies purchased by each user also jumped by 57…

Russia’s Biggest Bank Is Buying 5,000 Blockchain ATMs That Can Mine Crypto

Russia’s Biggest Bank Is Buying 5,000 Blockchain ATMs That Can Mine Crypto

Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”. Cointelegraph spoke with two experts who said the most obvious use case for a blockchain optimized graphics card is mining cryptocurrency. Sberbank is Russia’s oldest and largest bank and holds almost 44% of all personal deposits in the country. It operates 14,200 branches and 77,000 ATMs across the country. The state is its largest shareholder and its Chairman and CEO, Herman…

(KFC) Implements Blockchain To Track Media Buying

Kentucky Fried Chicken (KFC) Implements Blockchain To Track Media Buying

KFC announced its status as the first quick-service restaurant (QSR) in the MENA region to implement an innovative blockchain platform for its digital advertising and media buying. Ads, the backbone of any direct to consumer business, will have greater transparency through the new blockchain-based framework that KFC will implement. KFC’s Foray Into Blockchain-Enabled Ad Buying The digital advertising industry is fraught with conflict of interest. Companies can “fake” impressions and clicks through various methods such as robots and click farms. Consumer brands may end up paying for users or conversions that are not real or authentic because of the lack…

Colombian city launches free online blockchain lessons

Colombian city launches free online blockchain lessons

The city of Bogota has launched free online courses covering emerging technology such as blockchain and artificial intelligence. The courses seek to give the people basic understanding of these technologies and spur innovation in the South American country. The courses are sponsored by the office of the Mayor of Bogota and are available to citizens above the age of 14. Other than blockchain, the other areas include cloud computing, artificial intelligence, big data, the Internet of Things and event-driven architecture. Each course has a basic and intermediate level, with each level taking four weeks to complete. Under basic blockchain, the citizens get…

blockchain-enabled-p2p-trust-for-first-time-in-history

Don Tapscott: blockchain enabled p2p trust for first time in history

In the closing keynote for Virtual Blockchain Week, acclaimed author Don Tapscott argued DLT is the foundational technology of “the second digital era.” To close out Virtual Blockchain Week, best-selling technology author and co-founder of the Blockchain Research Institute (BRI), Don Tapscott, delivered a presentation articulating what he describes as the shift from the internet of information to the internet of value. In his presentation titled ‘Blockchain Revolution: The State of The Union,’ Tapscott argued that blockchain comprises the foundational technology that will underpin “the second era of the digital age.” Transition to the second digital era In writing the 25th anniversary…

How Blockchain Could Bolster The Economy Following COVID-19

How Blockchain Could Bolster The Economy Following COVID-19 According To The World Economic Forum

A report which delved into how the deployment of blockchain could address the efficiencies that have been exposed since COVID-19 was released this week. The world economic forum released a blockchain toolkit intended to help the government in changing their supply chains to adapt.  A report was recently published by the world economic forum which delved into how the deployment of a blockchain-based solution could address the supply chain efficiencies and failures that have been so clearly exposed since the pandemic of COVID-19 spread throughout the world. The economic forum also released a blockchain deployment toolkit which was intended to…

why the post halving bitcoin price drop isnt guaranteed

Why the post halving bitcoin price drop isn’t guaranteed

Bitcoin price faces strong resistance at $9,000 but if the upsurge continues post-halving, BTC could reach new range highs. The Bitcoin (BTC) block reward halving is set to occur on May 12 and traders have mixed opinions on the direction of BTC price following the event. Some believe that a “sell the news” type drop will occur after the event while others foresee bullish continuation. If BTC, the top listed asset on CoinMarketCap, rises in price after the halving and breaks out of its 315-day cycle wherein it saw five consecutive failed attempts at an extended rally, a powerful upsurge could occur. Will…

Crypto scammers impersonate members of olympic committee

Crypto scammers impersonate members of olympic committee

A series of scam emails sent from Japan have been asking people to donate to the Olympic Games’ organization in Tokyo. The ongoing pandemic forced the postponement of the Olympic Games in Tokyo. This has triggered a series of online crypto-related scams, including an email from alleged members of the International Olympic Committee. In these emails, scammers ask unsuspecting victims for donations. As Trend Micro reported on April 30, scammers are asking for crypto donations so that Japanese organizers can recover from the economic impact produced by the postponement of the biggest Olympic sports event in the world. In the fake mail, an alleged…

The Bridge Between AI And Bitcoin

The Bridge Between AI And Bitcoin

There are clear comparisons that can be made between Artificial Intelligence and Bitcoin, as well as other cryptocurrencies. Generally speaking, in itself the blockchain is a primary form of artificial intelligence, as it is able to make decisions and does include some aspects machine based learning, though in the future we expect that the blockchain will become more integrated with AI technologies, neural networks, deep learning and that sort of thing. What is AI? Artificial Intelligence or AI is dubbed as the next technological revolution, first we had the data revolution and now, computers are able to manage and manipulate that data themselves,…

Bitcoin (BTC) May Just Hit $20,000 in 20 Days, Be Prepared for Anything

Bitcoin (BTC) May Just Hit $20,000 in 20 Days, Be Prepared for Anything

Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in China’s Wuhan. Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens. All of that led to an oil price collapse below zero on Monday. In these conditions, bullish expectations towards the approaching Bitcoin halving have increased. ‘Bitcoin may hit $20,000 any time’ Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take…