Blockchain 

Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report

California-based cryptocurrency wallet and investment service Abra is adding a total of 60 new cryptocurrencies to its platform, reports suggest. According to CoinDesk on Nov. 12, the increasingly widespread payment gateway is planning to more than treble its existing crypto offerings for international users from 30 to 90 tokens. Four Stablecoins to debut on Abra platform Four stablecoins including Tether (USDT), Paxos Standard (PAX), TrueUSD (TUSD) and Dai (DAI) will reportedly be among the new tokens. Restrictions remain for United States residents, who are unable to hold Qtum (QTUM), Bitcoin…

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Blockchain 

How Will China Pursue Xi Jinping’s Blockchain Adoption Plan?

After President Xi Jinping called to speed up the development of blockchain technology in the country on Oct. 24, blockchain-related news from China just keeps on coming as the country is seemingly eager to beat the United States (or any other country) in the race to implement blockchain initiatives. For this purpose, a special regulatory body has been created to monitor over 700 local decentralized projects, and any articles containing anti-blockchain statements are now banned. Talking about blockchain is good! The country’s authorities have studied the possibilities of distributed ledger…

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Blockchain 

Canada Pushes to Regulate Crypto Adoption, Forgoing Volatile BTC Past

Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure blockchain. But what is the cryptocurrency landscape currently like in Canada?  The history of crypto in Canada may seem as volatile as a token with a small market cap, yet mainstream use and adoption have been on a consistent incline since 2013, when Canadians started pushing mainstream adoption. Now, the Canadian government is…

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Blockchain 

China Is Pushing Blockchain Adoption, Seizing the Momentum From US

Recently, the National People’s Congress in China cleared a new law that will allow local authorities to start regulating all of the country’s cryptography-related activities starting from Jan. 1, 2020. By creating a new regulatory framework, the Chinese government is looking to establish a uniform standard for mainstream application of cryptographic techniques and the management of passwords and other sensitive data. The initial proposal for the law was published all the way back in May. At the time, the rough draft focused quite strongly on government-centralized password management and did…

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Blockchain 

China’s Xi Jinping Urges Accelerated Blockchain Technology Adoption

China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24. Blockchain adoption promotes innovation Xi stressed that the implementation of integrated blockchain technologies is key in promoting technological innovation and transforming industries. He told the committee: “We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies,…

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Blockchain 

Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low

Malaysia’s finance ministry says both domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector has garnered. In its Economic Outlook 2020 report released today, the ministry nonetheless noted that several prominent firms in key economic sectors had taken steps toward digital currency adoption, according to a business news report from Bernarama on Oct. 11. Malaysia’s crypto regulatory landscape to date “Although the impact of these projects has yet to be felt more widely, digital assets may well emerge as a part of the…

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Bitcoin 

The Final Frontier for Global Crypto Adoption

Earlier in September, Cointelegraph reported that Israeli cybersecurity startup GK8 had raised $4 million to finance its offline cryptocurrency transaction solution. The company developed a cold wallet with “hot wallet functionalities” that is completely shielded from online hackers because it does not require an internet connection.  Apart from creating additional security layers, offline transactions could, in theory, enable complete censorship resistance for cryptocurrencies. Being able to sign, send, validate, receive and record value transfers without the internet might also be the key to ensuring global cryptocurrency adoption. To this end, there are…

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Cryptocurrency 

Cryptocurrency Faces Challenges in Cuba Despite Growing Crypto Adoption

Cuba rolled out mobile across the country last year, and this has resulted in increased usage of cryptocurrency. Most Cubans are increasingly using cryptocurrencies to circumvent economic sanctions levied by the US to access the global marketplace. However, despite this increasing adoption, crypto still faces several challenges in Cuba. Some of the challenges include restricted access to cryptocurrency exchanges, lack of proper regulations, as well as the growing acceptance of the gold-backed MLM stablecoin. Using Crypto to Circumvent Sanctions A report published on September 12 by Reuters included passages from…

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Blockchain 

Crypto in Cuba Faces Challenges Despite Growing Adoption, Overview

Following the roll-out of mobile internet across the country in 2018, many ordinary Cubans are increasingly using cryptocurrencies to bypass economic sanctions imposed by the United States and access the global marketplace. Despite growing adoption, cryptocurrencies still face a number of challenges in Cuba, including limited access to crypto exchanges, lack of a pertinent regulatory apparatus and the growing popularity of a gold-backed MLM stablecoin. 10,000 Cubans use crypto On Sept. 12, a report published by Reuters included excerpts from an interview with Jason Sanchez, a 35-year-old Cuban who describes…

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Blockchain 

Blockchain Adoption as a Cure for Cross-Border Trading

In August of 2019, both the United States and Thailand announced their plans to test blockchain applications for tracking and managing shipments. The U.S. Customs and Border Protection (CBP) is planning to test a blockchain application against their current system to determine how distributed ledger technology (DLT) can improve its existing processes. Thailand, on the other hand, plans to use IBM’s blockchain-based logistics platform Tradelens to improve customs processes such as data sharing. Originally developed in a joint venture between IBM and logistics giant Maersk, Tradelens seeks to streamline processes…

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