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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 …


Bank of Korea: CBDC Could Threaten Commercial Bank Stability

CBDC Could Threaten Financial Stability of Commercial Banks, Says Bank of Korea

The Bank of Korea (BOK) has said that the introduction of a state-owned and issued digital currency in the form of central bank digital currency (CBDC) in South Korea could possibly zero-out commercial banks, reports Yonhap News Agency. According to the source, the BOK published a report expressing concerns with low deposits demands into commercial banks that may result from …


Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Swiss multinational investment bank and financial service company Credit Suisse confirmed today that its asset management arm which manages over USD 400 billion has successfully tested a blockchain-based cross-border transaction, as reported by Reuters. According to the post, parties involved in the test — Portugal’s online bank Banco Best and Luxembourg-based order-routing platform Fundsquare — confirmed that a blockchain-based platform was used …


Facebook “Acquihires” Blockchain Startup Chainspace

Facebook _Acquihires_ Blockchain Startup Chainspace

Despite the prolonged bear market, interest in blockchain technology continues to soar. Acquisitions are growing and now, a common practice called “acquihire” sees companies targeting blockchain startups for either both tech and expertise or to simply recycle their expertise. The latest finds social media giant Facebook in a move to acquihire a small blockchain-startup Chainspace, reports news outlet Cheddar yesterday. …


Ethereum 2.0 Nears With Phase-0 Pre-Release Approaching Stable

Ethereum 2.0 Nears With Phase-0 Pre-Release Approaching Stable

The flagship dapp platform Ethereum has been undergoing several upgrades to relaunch as Ethereum 2.0, featuring its Constantinople and Serenity upgrade. Developers have been sprinting for months now to scale to the platform’s next and final developmental milestone. Notification of the update was released on GitHub. The Ethereum developers’ community explained how this is the first release – dubbed the …


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