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Sierra Leone President Welcomes New UN-Supported Blockchain ID Project

Sierra Leone President Welcomes New UN-Supported Blockchain ID Project

The small West African nation of Sierra Leone is to get support from the United Nations to help a non-profit startup launch a blockchain-based identification system for use in the country. The country of some 7 million has had a difficult past and is currently trying to rebuild its economy after a decade-long civil war erupted in 1991. The war …


New Swiss Startup Seeks License for Crypto and Fiat Banking

New Swiss Startup Seeks License for Crypto and Fiat Banking

A Swiss startup has raised CHF 100 million (USD 103 million) to build a bank which could revolutionize banking in the country by offering both crypto and fiat banking services to serve two financial communities. The startup SEBA Crypto AG wants to create an environment where both traditional banking services and cryptocurrency users can be catered for; as yet an untried …


Tech Journalists Leave New York Radio for Blockchain Podcast

Tech Journalists Leave New York Radio for Blockchain Podcast

Two broadcasters in New York have parted company with public radio to create their own podcast promoting blockchain. “Zig Zag” is now the main focus of WNYC broadcasters Manoush Zomorodi and Jen Poyant; a podcast now entering its second season which focuses on blockchain and what it can do for journalism. WNYC is the trademark, and a set of call …


Australian Driver’s License Goes Blockchain in Sydney

Australian Driver's License Goes Blockchain in Sydney

Australia has been on the international front line in incorporating blockchain technology into its government departments over the past months. In developments this year, the Australian federal government has announced that welfare payments could be delivered over blockchain through its Centrelink system. The Australian Department of Health is now actively using blockchain for the storage of medical research records. The …


Blockchain Eases the Way in World of Islamic Finance

Islamic banking which carries with it higher administrative costs than conventional banking could be benefited with the implementation of blockchain technology. The two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest. Blockchain-based banking is considered the next frontier in banking that will usher in a new …


Iran Validates Bitcoin Mining; Legislation and CBDC to Follow

Iran Validates Bitcoin Mining; Legislation and CBDC to Follow

The Iranian Cyberspace Council Secretary has declared that cryptocurrency mining has been accepted by the country’s major authorities. Secretary Abolhassan Firoozabadi has said that mining now needs the backing of legislation which allows for the activity to become legalized. The Ministry of Information and Communications Technology, the Central Bank, the Ministry of Industry, Mine and Trade, the Ministry of Energy, as …


Australian Citizens Now Able to Pay Bills with Crypto

Australian Citizens Get Chance to Pay Bills with Crypto

Two fintech startups in Australia have teamed up to provide a service to bill payers that lets them settle their accounts with cryptocurrency, regardless of whether the issuer accepts crypto payments.Cryptocurrency exchange Cointree and automated billing platform Gobbill are behind the initiative, with Gobbill accepting the crypto funds from customers and paying the bills on their behalf with an accepted form of …


10-Year Token Payment Delay Show Rare Developer Commitment

Nebulas ICO Team Prove Determination with 10-Year Token Payment Delay

Beijing-based startup Nebulas has made the decision to postpone the initial coin offering (ICO) team’s token payments. They added an additional seven years to prove their determination for the company’s success, in a rare case of altruism for the lambasted industry. The ICO team were initially planned to be paid through reserves of the startup’s native NAS token over three …


Popular Crypto Travel Company Gets Boost from Queensland Government

Popular Crypto Travel Company Gets Boost from Queensland Government

Australian crypto travel company TravelbyBit has just been awarded a grant from the Queensland state government of AUD 100,000. The company has a hand in numerous projects throughout Australia’s travel and tourism industry as becoming well known across the nation for the supportive role it has taken in promoting using digital currency for travel. TravelbyBit CEO Caleb Yeoh said it …


General Electric Enters Blockchain With $12 Million Funding of Cybersecurity Startup

General Electric Enters Blockchain With $12 Million Funding of Cybersecurity Startup

General Electric (GE) has contributed to a fundraising round totaling USD 12 million for cybersecurity startup Xage that utilizes blockchain technology in collaborating Internet of Things (IoT) devices. GE’s funding has come from the venture capital arm of the multinational conglomerate. The venture’s managing director of investment Abhishek Shukla spoke on the decision, noting the necessity of full protection for organizations and …


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