Blockchain 

Amazon Web Services Launches Managed Blockchain Service

Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30. The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states that AMB can scale to support thousands to millions of transactions. Amazon states that the blockchain-as-a-service (BaaS) will allow businesses to develop their own networks more quickly and at a lower cost, as it eliminates…

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Blockchain 

20 Percent of Leading Global Grocers to Use Blockchain by 2025

20 percent of the top 10 global grocers will use blockchain by 2025, according to information released by research firm Gartner Inc on April 30. Per Gartner, the main advantage of blockchain for grocers is that it provides a high degree of transparency. For grocers, this means they can use blockchain as a way to convey reliable information to their customers and retailers. Gartner even claims that blockchain “appears as an ideal technology to foster transparency and visibility along the food supply chain.” Gartner says that grocery sales are increasing…

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Bitcoin 

New York District Attorney Charges Two for Shadow Banking Crypto Companies

The Southern District of New York Attorney has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies, according to an official announcement published on April 30. Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced the arrest of Reginald Fowler for allegedly operating an unlicensed money transferring business and bank fraud. His purported co-conspirator Ravid Yosef has also been charged with bank fraud and is still at large, according to the announcement. In 2018, the accused allegedly worked for several…

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Bitcoin 

Mixed Cryptocurrency Transactions Up 300% as Crypto Users Pursue Anonymity

Mixed cryptocurrency transactions now represent 4.09% of all bitcoin (BTC) payments, according to data published by Longhash on April 29. So-called “CoinJoins” have risen by 300% in the space of nine months. By blending multiple transactions together before they are sent to the recipient, the technique is regarded as a way of obscuring the sender’s details. The data was provided by Adam Fiscor, the CTO of the company that runs Wasabi Wallet, a product that aims to deliver greater levels of anonymity to bitcoin users. It shows that CoinJoin transactions have reached their highest…

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Bitcoin 

Crypto Markets Recover With Bitcoin Breaking $5,300, Gold and Oil Prices Rise

Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18% yesterday, IOTA (MIOTA) is the only coin among the top 20 that sees losses, down around 4.3%. In contrast, litecoin (LTC) is seeing the biggest gains over the past 24 hours, up 7.17% at press time. Market visualization from Coin360 Bitcoin (BTC) has broken back above $5,300 today, hitting an intraday high of $5,353. At press…

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Bitcoin 

BitPay Partners With Refundo to Enable Taxpayers to Receive Refunds in Bitcoin

Cryptocurrency payment services firm BitPay has partnered with tax-related financial products company Refundo to enable people to get a portion of their tax refund back in bitcoin (BTC). The development was announced in a press release shared with Cointelegraph on April 30. Refundo’s new product dubbed CoinRT allows taxpayers to receive all or a portion of the federal and state tax refunds in BTC through BitPay’s Payouts, purportedly ensuring low transaction fees, speed, and serving the underbanked. To start using the platform, taxpayers need to create an account, provide a…

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Blockchain 

UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a “short-term and small-scale basis.” According to the regulator, the startup uses a “central blockchain-based store of information” to verify identities and documents online from original sources. Meanwhile, Fintech Delivery Panel Partners has been given permission to test a “decentralized digital identity platform using machine learning identity verification and blockchain-based key…

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Bitcoin 

Stablecoins, Explained | Cointelegraph

2. As the name suggests, stablecoins are designed to have a consistent price or value over time. There are three different ways of achieving this — delivering a happy medium between offering the stability of fiat currencies and the decentralized benefits that virtual currencies provide. Without stablecoins, taking out a loan while using crypto as collateral can be risky, as the assets used to secure your borrowing can be rendered worthless in a short space of time. Likewise, imagine what getting your salary in crypto would be like if prices…

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Bitcoin 

11% of Americans Own Bitcoin, Major Awareness Increased Since 2017

11% of the American population owns the major cryptocurrency bitcoin (BTC), according to a new survey published by Spencer Bogart of venture capital firm Blockchain Capital on April 30. Blockchain Capital partner Bogart today posted the results of a new survey conducted by Harris Poll in order to provide analytics data on bitcoin’s demographic trends. Conducted between April 23, 2019 and April 25, 2019, the survey included answers of 2,052 American adults and represents an expanded version of the previous demographic survey released by the firm in October 2017. According…

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Blockchain 

JPMorgan Chase Senior Executive Becomes CEO of Blockchain Precious Metals Firm

Blockchain-powered precious metals platform Tradewind has appointed an ex-JPMorgan Chase executive as its new CEO, the company confirmed in a press release on April 30. Michael Albanese, who previously worked as the bank’s Global Head of Agency Collateral Management and Global Head of Securities Clearance, will take over Tradewind’s operations immediately. Those currently include the management of the company’s flagship metals market, which employs blockchain to streamline custody, trade and security of precious metals. “Michael is a leader with significant experience working with corporations, creating capital-efficient products, operating at scale,…

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