MakerDAO may be diversifying the assets it works with, but it has a long way to go to decentralize the power to make key decisions. Author: Leigh Cuen Source link
Day: November 18, 2019
Libra Testnet Surpasses 50,000 Transactions Since September Launch
The Libra testnet has logged over 51,000 transactions since it was reset in September, with 34 projects having been developed on the network according to an update released by The Libra Association last week. In a blog post titled “Five months and growing strong: the Libra project,” the project’s lead developer, Michael Engle, said, “It’s been just five months since we announced the Libra project on June 18, 2019, and nearly a month since the Association charter was signed by its members in Geneva. We’ve been working diligently to build the…
Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison
The fraudster used diamonds and real estate to whisk away $300,000 in other people’s money in 2017. Author: Danny Nelson Source link
The SEC Is Reviewing the Bitwise Bitcoin ETF Rejection
The agency’s five commissioners will review a staff decision to reject the rule-change proposal for a bitcoin ETF made last month. Author: Nikhilesh De Source link
FEMA Advisory Board Proposes Blockchain to Speed ‘Disaster Dividend’ Payouts
The NAC argued that blockchain could improve the speed of payouts communities rely on in the wake of natural disasters. Author: Danny Nelson Source link
China’s Zhejiang Processes $6B via DLT Medical Billing Platform
China’s Zhejiang province has processed nearly $6 billion via a blockchain medical billing platform using Ant Financial’s blockchain technology, Chinese publication QNSB reports on Nov. 18. Successfully piloted in 2018, the blockchain-enabled platform allows citizens to make doctor’s appointments, get prescriptions as well as pay, record and store their medical bills online. At a local blockchain event on Nov. 18, the Zhejiang Provincial Department of Finance announced that the platform had 480 medical institutions across the province as of Oct. 28. The officials said that the platform processed 41.7 billion…
Bitcoin (BTC) Diving, Can Bulls Protect $8.2K Support?
Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar. The price is currently correcting, but upsides are likely to be capped by $8,500. Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still holding the $180 support area and ripple is trading in a range above $0.2520. Bitcoin price is showing signs of more losses below $8,500 against the US Dollar. BTC could drop towards $8,200 before a…
Chinese Army’s Blockchain Provider Approved for New Hyperledger Certification Program
Hyperledger green-lit a Beijing-based firm that serves the Chinese army to join its new certification program, as military blockchain use expands. Author: David Pan Source link
Visa R&D Arm Develops a Blockchain System That Could Replace Financial Data Aggregators
Visa has been quietly developing a blockchain system that could upend how banks transfer data to consumer financial apps like Mint and Credit Karma. Author: Nathan DiCamillo Source link
This Tiny Crypto Startup Has Lessons for Libra’s ‘Unbanked’ Dreams
If Facebook’s Libra project truly aims to serve the globe’s 1.7 billion unbanked, Hong Kong-based Bitspark might offer some insights. Author: Leigh Cuen Source link