Blockchain

China Launches Stringent Blockchain Regulations

The Office of the State Council’s Department of Internet Information has reviewed and approved the draft legislation, which is expected to become law on February 15, 2019.

Blockchain-Based Messenger ADAMANT Announces Integration of Bit-Z Token

Irish blockchain-encrypted anonymous messenger ADAMANT now allows users to both send and receive Bit-Z tokens, much like how Ethereum’s ETH and Binance’s BNB Coin are transferred.

NYC Economic Development Corporation Opens Blockchain Center

New York City can start testing blockchain technology for a variety of use cases later this year.

China Mobile to Introduce Blockchain-Powered Water Purifier

Hong Kong-based telecommunication company China Mobile is exploring the integration of blockchain technology to regular household appliances, including a blockchain-powered water purifier.

US Department of Energy to Fund Universities’ Blockchain Research Initiatives

The U.S. Department of Energy has expressed its plans to give away $.4.8 million worth of federal funding for universities working on research and development projects, including blockchain-related systems.

China: Internet Censorship Agency to Begin Regulating Blockchain Firms in Mid-February

Beginning mid-February, China’s Internet censorship agency will start regulating blockchain service providers in the country after approving set of regulations. The Cyberspace Administration of China (CAC) announced on Thursday the new “Regulation for Managing Blockchain Information Services.” The regulation defines blockchain information service providers as “entities or nodes” that provide information services to the public utilizing blockchain technology through desktop or mobile. According to the announcement, the rules will be implemented on February 15. One of the 23 articles written in the document obliges blockchain service providers to register with the CAC within 10 working days of starting of operation. The CAC also requires blockchain startups to register their names, industry fields, service types, and server addresses. In addition, the agency strictly prohibits startups from using blockchain technology to “produce, duplicate, publish, and disseminate” content or information that is not allowed under Chinese laws. Those who fail to comply with the said regulations will receive a warning from CAC and will be given a specified time to comply. Failure to act accordingly will bring a fine ranging from 5,000 yuan ($737) to 30,000 yuan ($4,422). The cost of the fine will be based on the gravity of the offense. The CAC first expressed its plans to regulate blockchain-based data in October last year. The draft suggested that blockchain startups who are involved in publishing, news reporting, education, and the pharmaceutical industry must first get licenses from relevant authorities before registering with the CAC. The final rules, however, have dropped this entire article. There are certain instances in the past that people tried to bypass China’s strict Internet censorship, which is widely known as “The Great Firewall.” For instance, the #Metoo movement and the recent pharmaceutical scandal in the country had individuals post data and information on the ethereum blockchain to bypass censorship.

Concordium Welcomes Danish Cryptographer and Former NASDAQ Exec to Its Team

Concordium Foundation, the Denmark-based nonprofit behind the Concordium Network, has recently expanded its team with the appointment of former NASDAQ executive Hans-Ole Jochumsen as an advisory board member and Danish cryptographer Ivan Damgård as its Core Science Team’s lead cryptographer.

Pakistani Bank Launches Blockchain-Based Cross-Border Remittance Service

The blockchain-based service was developed in an effort to expedite the facilitation of remittances between Pakistan and Malaysia, allowing real-time money transfers while eliminating the costs levied by intermediaries.

Gate.io Confirms $200K in Ethereum Classic Lost; Blockchain Attacks Continue

The crypto exchange confirmed that it has experienced the 51 percent attack and identified three addresses, which are linked to the attacker.

Report: Australia’s Blockchain-Based Energy Startup Draws Flak for Paying “Spruikers”

Power Ledger's community and marketing manager Aimie Rigas sets the record straight regarding certain inaccuracies and misconceptions reported by the Australian Financial Review on December 27.

Thailand’s Nectec to Develop a Blockchain-Powered Voting Platform

Thailand’s National Electronics and Computer Technology Center (Nectec) announced its plans of developing a voting platform that is powered by blockchain technology.

CBA Launches China Trade Finance Inter-Bank Trading Blockchain Platform

The blockchain-powered platform is established to enhance trade finance activities, manage financial risks, and make China banking industry ahead of the developing industry.

Sweetgreen Utilizes Blockchain Technology in Supply Chain

California-based fast-casual salad chain Sweetgreen is integrating blockchain technology for supply chain management.

Saudi Customs Announces Completion of Blockchain Pilot for Cross-Border Trade

The goal of integrating FASAH with TradeLens is to "ensure immutability, traceability, reduced reconciliation, auditability, and compliance" of transactions related to cross-border trade.

AnthemGold Integrates Hercules Blockchain for Validating Gold Bars

Hercules SEZC has announced its first use case of its the Hercules Supply Chain Blockchain Protocol as AnthemGold, Inc. applies the platform for validating the chain of custody of gold kilogram bars which supports its gold-pegged AGLD digital token, making AnthemGold’s AGLD tokens one of the most innovative ways of acquiring pure gold.      
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