Russian State-Owned Holding Giant Proposes to Apply DLT in All Gov’t Data Systems

Russian state-owned holding conglomerate Rostec proposed a roadmap on applying blockchain in all the governmental data systems, local financial newspaper Kommersant reports on May 24. An institution under Rostec has reportedly developed a blockchain roadmap worth up to 85 billion rubles ($1.3 billion) that claims to provide an economic impact of up to 1.6 trillion rubles ($25.4 billion) in five […]

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Google Play Flooded by Fake Cryptocurrency & Blockchain Apps

The number of fake cryptocurrency and blockchain tech apps in the Google Play Store increases along with the Bitcoin (BTC/USD) price. The cyber-criminals tend to up their dirty games when the cryptocurrency prices rise by creating different scams and malevolent crypto-related apps. Recently, a fake app was seen on Google Play by a certain Redditor identified by his/her username as […]

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Italy to Define Legal Guidelines for Blockchain Innovations

Blockchain technology has been actively developing in Italy, however, it can’t reach its potential power without a proper legal framework. The Ministry of Economic Development is reported to have urged the fintech’s adoption by the Agency for digital technology (Agid). The regulatory environment must be designed for various blockchain innovations including cryptocurrency. Blockchain Adoption    The offices of the Minister […]

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Cryptocurrency Daily Roundup – May 23

Here is a summary of some of the select stories on cryptocurrency and blockchain during the past 24 hours. New York Supreme Court Grants Bitfinex Stay Of Document Demands From NYAG Cryptocurrency exchange Bitfinex, and its affiliated stablecoin issuer Tether, announced that the New York Supreme Court has granted its motion for an immediate stay of the document demands from […]

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SEC Delays Cryptocurrency ETF Verdict, is This a Good Thing?

The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is […]

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Dutch Bank ABN AMRO Launches Blockchain Inventory Tracking Platform ‘Forcefield’

Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield in a press release published on May 17. Per the announcement, the platform is an Internet of Things solution that allows the monitoring of physical trade inventories with sensors and near-field communication chips. Forcefield was developed over the past year as a stand-alone product […]

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ABB, Italian Utility Evolvere Launch Blockchain Pilot In Solar Energy

Swiss engineering major ABB Ltd. teamed with Italian utility Evolvere to launch a blockchain pilot project to explore transparent, secure peer-to-peer solar energy transactions, media outlet PV Tech reported. The companies will test the potential of blockchain technology in solar systems. The blockchain technology was developed in partnership with Prosume. ABB expects that its Ability platform will facilitate the creation […]

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Ripple CEO: Even the Banking Goliaths Will Have to Embrace Crypto, Blockchain Innovation

Ripple CEO Brad Garlinghouse has argued that the biggest banks have a strong reason to embrace crypto and blockchain innovation, despite the apparent threat it poses to their current oligopoly. The CEO made his remarks during an interview on the Recode Decode podcast with Kara Swisher on May 20. Throughout the interview, Garlinghouse underscored that Ripple’s approach is to work […]

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