Blockchain To Ensure ‘Ethical Provenance of Gold’, Protect Miners Health

The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most importantly, the aim of using blockchain technology includes protecting miners’ health and the environment. NYT: “Blockchain Is a Growing Niche Within the Global Jewelry Industry” The World Gold Council indicates that the extraction of gold by artisanal and small-scale gold mining (ASMG), includes ills ranging from funding and participation of illegal armed groups and the use of mercury in the environment. In this connection, the jewelry and…

SpaceChain Sends Blockchain to Int’l Space Station

SpaceChain announced Thursday that its blockchain-based hardware wallet tech is about to reach the International Space Station (ISS). The technology is on a SpaceX Falcon 9 rocket, which took off yesterday from Cape Canaveral, Florida. Blockchain Goes to the ISS This is the first blockchain demonstration on the ISS. The hardware wallet will be integrated into Nanoracks’ commercial platform on the station. Nevertheless, this is not the first time that blockchain has gone into space. SpaceChain has previously sent two blockchain hardware units into space, initiating a decentralized orbital network…

German Firm Raises €1.4 Million in First Blockchain IPO

A fundraising platform from Berlin, Neufund, just completed the first blockchain-based IPO for a company called Greyp, raising €1.4 million. The world’s first blockchain-based Initial Public Offering (IPO) was recently closed in Berlin, Germany. The IPO was held by a fundraising platform, Neufund, for an e-mobility startup called, Greyp. The offering attracted around 1017 investors, from 34 different countries. The IPO had a minimum investment of €100 and was fully compliant with the local regulations. This is a big move for blockchain-based companies which was made possible by Neufund. The…

Ukraine Gov’t Collaborates with Belarusian Crypto Exchange

Ukraine’s Ministry of Digital Transformation has signed a memorandum of cooperation (MoC) with the Belarusian crypto exchange Currency.com. Ukraine Wants to Learn from Belarusian Experience in Regulating Cryptos While Ukraine’s Ministry of Digital Transformation was only established in August of this year, it has been very active in the crypto field. For example, it recently partnered with Binance to jointly work on new crypto rules. However, the ministry wants to learn from its neighboring countries as well. On Wednesday, the Ukrainian Government’s online portal reported that the Ministry of Digital…

Is a Blockchain Based Future in China Really a Good Thing?

Crypto markets are still cooling off from a massive bout of FOMO that originated from China last month. The state’s new endorsement of blockchain technology sent a shock wave of excitement throughout the space, as the nation prepares to launch its own sovereign digital currency. But is this move really a good thing for the space?  China’s New Drive According to recent reports China has clear ambitions to become a world leader in distributed ledger technology. The Communist Party and local governments across the country are likely to view president…

Alibaba, OneConnect Leads China’s Blockchain Patent Race

Alibaba and OneConnect scored the highest in China’s recent Blockchain Patents list after they both filed IPO prospectuses at the same time. The development of blockchain technology continues to rage on across the world, and countless corporations are struggling to take the lead. A little over a week ago, on November 18th, BlockData published a new report titled China Blockchain Patents Report 2019 and the Comprehensive Strength list of China’s Blockchain Patents 2019. The report leaves little doubt as to which Chinese companies are among the strongest in the blockchain…

What is Blockchain Technology? How Secure is it?

Bitcoin’s inception in 2009 introduced the concept of hard money to the world. A peer-to-peer financial settlement system which is free from centralized control. It also gave an insight into a system that democratizes data storage – blockchain. It is called today is the bedrock on which Bitcoin functions.  Made up of two words, ‘block’ and ‘chain’, blockchain is literally a chain or a series of ‘blocks’. These blocks or data clusters are linked to each other.  A conventional information flow model, a definite source dictates the dissemination of data…

Bitcoin-Friendly Governments Will Be Biggest Winners, Tim Draper Says

Billionaire Tim Draper has praised Bitcoin for breaking the world’s borders and acting as a global currency system. He told the Wall Street Journal (WSJ) that technologies like blockchain and artificial intelligence (AI) were disrupting the most important industries and the government itself. Blockchain & AI Bigger than Internet Draper, a venture capital investor who has traditionally been bullish on the crypto market, admitted the internet’s game-changing impact on entertainment, media, communication, and other areas. However, what’s coming next under blockchain, AI, Bitcoin, and smart contracts will be even bigger…

Could China’s War on Cash Herald a New Global Crypto Revolution?

There are no mixed signals with regards to blockchain and crypto coming from China at the moment. The People’s Republic is full steam ahead on distributed ledger technology as it prepares to ready its population for its own central bank crypto currency. A Chinese war on cash could be the start of a global crypto revolution as the rest play catch-up. Crypto Yuan The New Global Reserve? Financiers and regulators in the US should be afraid. While they stumble over their own bureaucracy, the rest of the world is steaming…

China Launches Digital Bank Consortium Blockchain Investment Fund

A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co., Ltd (HDFH), made the announcement during the second China International Import Expo (CIIE) today in Shanghai, according to a press release. Delivering a key note speech, entitled “Global Investment Opportunities for China’s Digital Banks,” Tong said: Based on the investors’ accumulation of experience in the fintech sector, the fund plans to invest in and…