The State of Iowa House has unanimously passed a bill, Senate File (SF) 541, that facilitates electronic transactions. According to the Gazette, the bill formally recognizes smart contracts. It also confirms the blockchain as a secure and reliable ledger for storing information. Smart Contracts and Blockchain Formally Recognized in Iowa As per the update on Mar 29, the bill gained […]
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A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA sees the tokens reportedly backed by 30,000 metric tons of Mexican white corn. Although the Cerealia platform only facilitates two-way deals at the time being, an upcoming addition will allow for third-parties […]
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LBRY Inc, a decentralized publishing and sharing blockchain platform, found itself in hot water when the United States Securities and Exchange Commission began investigating the company in May 2018. After nearly three years, the SEC has filed a new complaint against LBRY alleging that it sold $11 million in unregistered securities. However, LBRY isn’t taking the complaint lying down. In […]
Read moreMuinmos, a company that specializes in automated regulatory compliance, announced on Wednesday its partnership with RHT Compliance Solutions for the expansion of its proprietary regulatory compliance engine in Singapore. Per the agreement between the two, RHT, which offers compliance and risk advisory services to financial firms, will offer Muinmos’ solution to its institutional client base in Singapore and the adjacent […]
Read moreEthereum extended its rise above the $1,820 resistance against the US Dollar. ETH price is currently correcting lower from $1,860, but it might find bids near $1,780. Ethereum extended its upward move above the $1,820 level and it even spiked above $1,850. The price is now well above the $1,780 support and the 100 hourly simple moving average. There is […]
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The Bank of Japan (BoJ) has formed a new committee whose mandate will be coordinating its central bank digital currency (CBDC) efforts. The new committee brings together the Japanese and international banking community, securities dealers, payments associations and the fintech community. Called the Liaison and Coordination Committee, the group will focus on facilitating smooth implementation of the proof of concept […]
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Decentralized finance (defi) has seen extreme demand and innovative use-cases during the last 12 months. Defi oracles, decentralized exchange (dex) platforms and automated money makers (AMM) have swelled in value, as statistics show over $43 billion is locked into defi protocols today. Meanwhile, a new project has recently stepped out of the gate called XFai, a dex liquidity oracle that […]
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PayPal now allows consumers to pay in digital currency at the 29 million merchants that accept PayPal payments through its new service ‘Checkout with Crypto.’ PayPal was one of the first legacy institutions to integrate digital currency support by letting its users buy, sell, and hold digital currency on their platform. But now, PayPal is looking to expand the utility […]
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Non Fungible Tokens (NFTs) are a class of crypto assets that, though working on the same principle as any blockchain token, have created an entirely new economy. Unlike other crypto-assets that have equal value among themselves (no matter how many Bitcoin there are, for example, each coin will have the same value as the other), NFTs differ by being unique […]
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