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EY: Many ETH Dapps Aren’t the Most Productive

Big Four accountancy firm Ernst & Young (EY) has presented research that says that as much as 83% of decentralized applications (Dapps) on the Ethereum network are “not in the most productive uses“. EY Global Innovation Leader for blockchain Paul Brody had revealed this piece of news during a Fintech Forum hosted by the US Securities and Exchange Commission (SEC) …


Central Bank of Iran Trails Blockchain to Revamp Financial System

Central Bank of Iran Trails Blockchain to Revamp Financial System

The Central Bank of the Islamic Republic of Iran aims for blockchain inclusion economy for the country’s financial system, as reported by news outlet AL-MONITOR. According to the report, in the past year, the Central Bank, through its technology division the Informatics Services Corporation, in partnership with blockchain solutions firm Areatak, has been developing a nation-wide blockchain platform dubbed Borna. …


Moscow will Test Blockchain-Based Electronic Voting in June

Moscow will Test Blockchain-Based Electronic Voting in June

Moscow authorities will reportedly test a blockchain-based electronic voting system scheduled for late June, according to local media outlet TASS. Announced on Monday by the deputy head of the department of information technology (DIT) Artem Kostyrko, the test will be carried out during the university council elections and is intended to be a trial run of the eventual implementation of …


Nike’s Proposes Cryptokicks Trademark to Facilitate Crypto Transactions

Nike’s Proposed Trademark Cryptokicks to Facilitate Cryptocurrency Transactions

US-based multinational footwear manufacturing company Nike has joined a growing list of large brands staking a piece of their business in the future of blockchain through intellectual property and trademark registrations. This month, the footwear giant filed a trademark application for ‘Cryptokicks’ with the US Patent and Trademark Office (USPTO), which apparently indicated that Nike would be venturing into cryptocurrency …


Blockchain-Based InsurTech Gains Traction

Blockchain-Based InsurTech Gains Traction

More insurers are joining the cryptocurrency industry through blockchain-based insurtech startup B3i in an ongoing funding round, according to news outlet Tokenpost. B3i started out as a consortium of five insurers and reinsurers to include Aegon, Allianz, Munich Re, Swiss Re, and Zurich, established to create value for the re/insurance industry through distributed ledger technology. In its latest funding round, …


Cisco Takes Aim at $10 Billion Enterprise Blockchain Market

Cisco Takes Aim at $10 Billion Enterprise Blockchain Market

US-based telecommunications equipment manufacturer Cisco Systems has set its eye on enterprise blockchain solutions on the premise that the market an approach an approximate USD 10 billion by 2021. In recent times, more brick and mortar companies have lauded the ability of blockchain technology and continue to show support for its development. In the report Blockchain by Cisco, the technology …


Exclusive: Researcher Claims to Have Cracked Bitcoin Mixing Services

College Student Claims to Have Cracked Bitcoin Mixing Services

A college researcher has claimed to have successfully cracked the algorithm behind most centralized Bitcoin mixing services. Using his methods, he says he can backtrack all transaction history done by the service providers. In an interview with Bitcoin News, Ruhr-Universität Bochum researcher Felix Maduakor explained how he carried out a study to assess the privacy levels of Bitcoin mixing services. In …


EU-Regulated Bank Frick Launches DLT Markets for Institutional Investors

EU-Regulated Bank Frick Launches DLT Markets for Institutional Investors

One of the European leaders in blockchain banking, Bank Frick, announced last week that it will be starting up a subsidiary service to provide a secure environment for institutional investors to trade in digital assets. The bank said it is introducing a digital asset marketplace dubbed DLT Markets with the regulatory properties of the traditional financial market. It will provide institutional …


Rakuten May Soon Accept Crypto Payments

Japan’s Amazon-analog Rakuten, in its last earnings report, has announced that it will be releasing new features on its pay mobile app which may supposedly allow its users make use of cryptocurrency transactions through the gateway in the near future. Rakuten didn’t directly say that it would accept cryptocurrencies, however, it did give a hint that all payment options will …


Blockchain To Bring Transparency and Wealth to Coffee Farmers in Ethiopia

Blockchain To Bring Transparency and Wealth to Coffee Farmers in Ethiopia (1)

Reuters reported earlier today on the initiative of a roastery in Ethiopia under the brand Moyee to use blockchain in supply chain management and improve coffee farmers’ incentive. Most coffee exporters process the beans elsewhere and among other things, price fluctuations make the business an uphill battle for farmers. Despite the business being a very lucrative one, most farmers in …


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