Sergey Sevantsyan: Facebook and Telegram cryptocurrencies will blow up the micropayment market
Sergey Sevantsyan, a crypto-evangelical and blockchain technology adviser in his interview for LetKnow.News told about the impact of crypto-projects from Facebook and Telegram on the money transfering market, and how blockchain and cryptocurrency changed the financial world.
Why banks are not in a hurry to implement blockchain
Banks are one of the main drivers of innovation in the financial sector. When it comes to the blockchain, however not everyone is in a hurry to introduce this new technology into their business processes. And there is a number of reasons for that.
Italy to Use Blockchain in Baby Food to Enhance its Safety
Italy has always been at the forefront of innovation and security. An Italian startup plans to apply blockchain to baby nutrition safety. The company promises to ensure the safety of 90% of the ingredients used in nutrition products for children within a year.
Bitfinex Will List Its New Exchange Token Starting Monday
Crypto exchange Bitfinex will list its new exchange token, LEO, on Monday after purportedly raising $1 billion from the initial offering.
Facebook Registers Secretive ‘Libra’ Cryptocurrency Firm in Switzerland
According to a Reuters report, Facebook registered a new company, Libra Networks, in Geneva on May 2. This coincides with the slow roll-out of their internal cryptocurrency that will define the company’s first foray into blockchain technology.
Indian Central Bank Being Pushed to Include Crypto in its Regulatory Sandbox
Technology industry lobby groups along with startup founders are asking the banking regulator, Reserve bank of India to include cryptocurrency in its proposed regulatory sandbox framework for the fintech industry, reported The Economic Times on March 16.
Facebook Coin: Weiss Ratings slams crypto-project; claims FB is ‘noticeably absent’ from DLT discussions
The cryptocurrency industry has seen a resurgence in terms of price recently, after a majority of the top coins recorded double-digit gains over the week. In the middle of this, Weiss Ratings, the popular cryptocurrency rating platform, has taken up arms against the much-talked about Facebook Coin, tweeting,
Luxury Fashion Brand Alyx to Use Iota’s DLT for Supply Chain Tracking
Luxury fashion brand Alyx intends to use Iota’s distributed ledger technology (DLT) for supply chain tracking, cryptocurrency news outlet The Block reports on May 15.
Pfizer Executive: Technology Is ‘Basically Good Enough’ to Ramp Up Production Blockchains
A Pfizer executive has challenged existing theories about slow rates of blockchain adoption — telling the Consensus conference on May 14 that the technology is “basically good enough to have more production blockchains than we have today.”
Payments Startup Uphold to Use Ledger Vault
French crypto hardware firm Ledger will provide its technology to American payments startup Uphold to improve security, according to a press release shared with Cointelegraph on May 13.
Expert: Blockchain will not overthrow corruption
The blockchain technology alone cannot defeat corruption. That’s what Yevgeny Pavlov, the head of the Russian sales department of The Bitfury Group said in an interview for LetKnow.News.
UK Gov’t-Led Jurisdiction Team to Define Status of Crypto Under English Private Law
A British government-led jurisdiction team has launched a public consultation to determine the status of crypto assets under English private law, according to an official statement on May 9.
Top Five (5) Blockchain Technology Use Cases For Central Banks
The coming of Bitcoin, Altcoin and blockchain technology has met with so much criticism in the early days. The new innovations these digital currencies came with were hugely criticized especially by financial institutions and central banks in general.
Chinese Internet Court Employs AI and Blockchain to Render Judgement
In China, blockchain technology is increasingly employed to settle court cases, local news outlet Global Times reported on April 25.
Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain
Head of digital market assets at Credit Suisse, Emmanuel Aidoo, said that the desire among financiers to maintain the status quo is holding back the adoption of blockchain technology, Business Insider reported on April 23.
Insurtech: Automating insurance claims with blockchain
Many insurance players and start-ups around the world are experimenting with blockchain to improve their processes. One emerging area of focus is using the technology to automate claims.
Israel: Institute Sues Professor for Alleged Blockchain Intellectual Property Violation
The Technion Israel Institute of Technology has filed a civil suit against a faculty member for allegedly establishing of a zero knowledge proof technology company and making use of the knowledge developed by him while working at the institute. The news was published by local media outlet Calcalist on April 22.
The Reserve Bank of India’s Regulatory Sandbox Accepts Blockchain, Excludes Crypto
The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects are clearly excluded.
Bitcoin Lightning Network (BTC LN) Passes a Big Benchmark in Surpassing 8,000 Nodes
If you follow crypto news, you have certainly heard about the Bitcoin Lightning Network. This off-chain scaling solution for Bitcoin (BTC) was launched last year and it has been growing a lot lately. Now, the LN has reached the landmark of 8,000 nodes, a proof that the service is finally breaking into the mainstream.
Hong Kong insurer Blue Cross adopts blockchain to speed up medical claims, eliminate fraud
Hong Kong’s insurance firms are fast embracing technology to keep up with their more nimble rivals.