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Argentina Goes With Bitcoin to Settle Export Deal

Argentina Goes With Bitcoin to Settle Export Deal

Argentina has made history by recently completing an export deal with South American neighbor Paraguay using Bitcoin as payment. The export of pesticides and fumigation products has set an example for others in the region, showing that cryptocurrency has the potential to act as a credible form of payment at the international trade level as well as between individual users. …


Aragon Government Invests $13 Million Into Industry 4.0 Development

Earlier this week, local news outlet La Vanguardia reported a USD 13 million fund allocation by the Government of Aragon for the development of emerging technologies, including blockchain. The source reports that the sum was co-funded by European Regional Development Fund (ERDF) and was double the amount initially intended in the original plan, hence, meeting the needs of up to 320 …


Bitcoin Price: Valentine Day’s Bart Simpson Afternoon

What’s the connection between The Simpson Family’s iconic square-headed son and cryptocurrency? Well, there is one, as the market discovered on Valentine’s Day this week. The explanation lay in the market’s movement yesterday afternoon. A “Bart Simpson pattern” occurs when a sideways action follows an unexpected spike in price, and then the price drops back again – suddenly. When this …


No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

The Nova Scotia Supreme Court hearing has heard QuadrigaCX creditors pleas for reimbursement of funds following the death of the exchange’s founder, but the coffers are reportedly empty. The Halifax courtroom was told that the USD 70 million in cash and USD 190 million in Bitcoins and other digital assets could not be repaid to the 115,000 cryptocurrency traders owed …


Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

London-based global information provider IHS Markit have estimated that the finance industry blockchain market is set to reach USD 462 billion by 2030. The value of blockchain in the financial sector reached USD 1.9 billion in 2017, according to IHS Markit’s figures but this total is set to swell significantly given the expected launch of numerous projects over the next …


IBM Launches Australian Blockchain Cloud Service, Second to Follow

IBM Launches Australian Blockchain Cloud Service, Second to Follow

IBM’s platform built on Hyperledger Fabric has launched its blockchain main net at its Melbourne-based data center in Australia. Hyperledger is an umbrella project of open source blockchains and related tools, started in December 2015 by the Linux Foundation and supported by big industry players like IBM, Intel, and SAP to support the collaborative development of blockchain-based distributed ledgers. The …


Fake Photo Scams Largely Ineffective but Illustrate Need for Cold Storage

Fake Photo Scams Largely Ineffective but Illustrate Need for Cold Storage

With reported instances of the latest ploy for hackers to access user funds, photo scamming is further proof that cryptocurrency cold storage is by far the safest way to keep digital assets secure. Doctored images are now for sale on dark web forums according to research by Hold Security and warnings from Bank Info Security, and can be purchased for …


Starting Young: UK High School Wins 3rd Place in Barclays Blockchain Comp

Starting Young_ UK High School Wins 3rd Place in Barclays Blockchain Comp

Blockchain enthusiasts are starting young, as proved by the third-placed team at a blockchain interoperability hackathon at the Barclays Rise fintech hub in London. The hackathon was hosted by London-based blockchain startup Clearmatics. The prize was awarded to a team of high school students from Bedford, who was up against challenging senior competition. Not only did the students take away the …


Bitcoin Transaction Performance Climbing Past January 2018 Levels

Bitcoin Transaction Performance Climbing Past January 2018 Levels

Bitcoin’s transaction volume is on its way to new levels, now touching rates unseen since the period following Bitcoin price’s all-time high at the end of 2017. According to Jameson Lopp, chief technology officer at Bitcoin personal key security system firm Casa, “the system is improving and growing”. Data from transactionfee.info verifies that the Bitcoin is now reaching the highest …


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 …


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