French CryptoCurrency Plan Unclear but Optimistic
French minister of finance and economics, Bruno Le Maire, has made comments recently which appear to extol the merits of cryptocurrency and blockchain technologies as being revolutionary. Le Maire suggested that blockchain technology would offer startups the option to “…create a network of trust without intermediaries…and offer increased traceability of transactions” generating a climate for […]
Intel Pursues Patent for Bitcoin Mining Hardware Accelerator
Leading tech firm Intel is looking to patent a hardware development that would accelerate the process of Bitcoin mining chips, as revealed in recently published documents. Accelerating Bitcoin mining The application for the patent was submitted to the US Patent and Trademark Office in September 2016, with the details made publicly available on 29 March 2018. […]
Bitcoin Faces Renewed Pressure
The bearish trends of 2018 so far continue to reduce the price of Bitcoin, testing lows similar to that of the beginning of February. Bitcoin struggled under selling pressure in the early hours of 30 March, falling to USD 6,617.69 at its lowest point (Coindesk). Strong resistance led to a sharp ascent to USD 7,150, […]
Crypto Rewards Program to Boost Air Asia Service
Malaysian budget airlines Air Asia has announced that it is about to launch a cryptocurrency-based frequent-flyer rewards program. Frequent flyer The Nikkei Asia Review revealed last week that Air Asia plans to update its current digital services to include a cashless system. The system is part of a major upgrade of its digital program which […]
Bitcoin Price Analysis, 30th March 2018: Bitcoin Price Goes Below $7000
It has so far been a tough day for Bitcoin markets. Trading volumes are up but at the same time, USD prices are down by almost 7%. Traders are now finally taking the hit that the bearish market was signalling for a while now. With Bitcoin prices continuing to dip down even further, the potential […]
China Scraps Blockchain Funding Center
The Chinese government has just scrapped its blockchain funding center, insisting on regulations before going forward with anything blockchain. The Chinese Communist Party (CCP) has called for domestic regulation as part of an effort to foster the development of the technology. The CCP’s official media made clear that the government’s stance is to integrate blockchain technology, […]
Tech Giant Fujitsu Announces Blockchain Center In Europe
Japanese IT giant Fujitsu has recently announced the opening of its first Blockchain Innovation Center, located in Brussels, Belgium, with the aim of supporting research, developmen and innovation. Fujitsu has selected Brussels as the venue of choice because of its diverse political, technical advantages. Witnessing the adoption of blockchain technology and distributed ledger technology (DTL), big tech […]
