Indian Crypto Exchange WazirX to Enter DeFi Amid Uncertain Regulations

One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network. In an announcement shared with Cointelegraph, the company said they will launch an automated market maker (AMM) protocol. Nischal Shetty, the CEO of WazirX, shared…

Coca-Cola Embraces DLT and Ethereum for Supply Chain Efficiency

The partner of Coca-Cola’s largest U.S.-based bottling company is expanding its use of blockchain to enhance efficiency across the beverage company’s supply chain. Coke One North America, or CONA, a partner of the largest United States-based Coca-Cola bottling company, will use The Baseline Protocol to enhance transparency and reduce friction in “cross-organization supply chain transactions.”…

Reddit To Launch Its Blockchain Based Points System On Ethereum

Through a video posted on Reddit, it is now clear that Reddit’s blockchain based points system will be launched on Ethereum’s blockchain. It is a huge boost to the Ethereum community at a time when it’s looking forward to implementing Eth 2.0. In the video, the Redditor recorded the phone screen detailing more of the…

Mastercard and Ripple’s Xpring Join Industry Group to Promote Blockchain Education

Blockchain accelerator MouseBelt announced Tuesday it has welcomed 11 founding members into its Blockchain Education Alliance. In addition to the card network, the new members include the innovation arms of payments startup Ripple and crypto exchange Binance; and representatives from Neo, KuCoin and ethereum scaling solution Matic Network. They will join the 13 companies, including…

Interest in Bitcoin, Blockchain Jobs Drops Off

While the number of jobs related to blockchain and cryptocurrencies such as bitcoin has skyrocketed in the past four years, the number of searches for those jobs has drastically dropped recently, according to job search site Indeed. Over the past year, the share of cryptocurrency- and blockchain-related job postings per million has slowed on Indeed,…

The Emergence Of Blockchain 5.0

Over the last few years, blockchain technology has progressed and penetrated the arena of technology, evolving at a pace faster than most other parallel domains. While the world is occupied with bigger players like Facebook getting involved in cryptocurrency, companies are making some revolutionary advancements for efficient use cases of the blockchain phenomenon. A lot…

Seven Indian Banks Join JP Morgan’s Blockchain Platform IIN

India’s seven banks which include YES Bank, ICICI, Union Bank of India, Federal Bank of India and Canara Bank have joined the Interbank Information Network (IIN), a blockchain network created by leading multinational investment bank JP Morgan. Based on Quorum, a permissioned-variant of the Ethereum blockchain developed by JP Morgan, IIN allows member banks to…

Ethereum Expands Blockchain Capacity by 25%

Ethereum’s network capacity has been expanded by the mining community to allow more transactions to be processed on the network per second. This is in light of increased traffic on the network, largely due to controversial stablecoin Tether and a gambling game called Fair Win. Ethereum co-founder Vitalik Buterin relayed last week that block producers…

World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds

The World Bank has issued a second round of its landmark blockchain bonds. The international financial institution raised another $50 million AUD ($33.8 million U.S.) by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia (CommBank), which managed the sale jointly with RBC Capital Markets and TD Securities. Both new and existing…

Thailand Is Opening Up to Crypto – Bitcoin, XRP, Ethereum and Stellar Lumens

Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups. On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it…

Dragonchain Awarded Patent for Blockchain Powered Loyalty System

Dragonchain, an enterprise blockchain-as-a-service provider originally developed out of a Disney technology incubator, was awarded a patent for a loyalty system that tracks and monetizes time on the blockchain, according to documents published by the U.S. Patent and Trademark Office (USPTO). The patent, titled security systems and methods based on cryptographic utility token inventory tenure,…

IBM Enters Crypto Custody Market With Tecnhology Designed for Banks

Later this month, Shuttle Holdings, a New York investment firm, will launch the beta version of a crypto custody solution for digital assets built on IBM’s private cloud and encryption technologies. The companies won’t be storing cryptocurrencies and tokens themselves, but offering tools for others to do so. Potential users include banks, brokers, custodians, funds,…