Blockchain 

Bitcoin Industry Celebrates ‘Achievement Unlocked’ as Trump Pumps Market

Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12. In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday.  Negative or not, for proponents, the event marked a psychological milestone for Bitcoin, as Trump had previously held off from mentioning it in public.  The fact that he felt the need to bash Bitcoin…

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Blockchain 

Bitcoin Mining Industry is Booming as Difficulty Soars 14% to New High

Mining difficulty on the Bitcoin (BTC) network has taken its steepest upturn in almost a year, data from major Chinese mining pool BTC.com reveals. On July 9, difficulty surged by over 14% to hit 9.06 trillion (9.06 T), at an average hash rate of 64.85 EH/s — a new all-time-high in the network’s history. The last time the network posted such a sharp increase in block producing difficulty was back in late July 2018, when it soared almost 15% over a 2,016 block interval.  At that time, however, average hash…

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Ethereum 

Middle East Blockchain Development Primed to Lead the Global Industry

While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often tend to get overlooked, despite them having made tremendous strides when it comes to establishing regulatory frameworks that are geared toward the optimal utilization of this burgeoning asset class. For example, a recent report by Asia Times has revealed that the UAE is one of the few nations in the world where…

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Blockchain 

Startup to Solve Traceability Issues in Seafood Industry Via Blockchain

The blockchain-based startup Fishcoin plans to apply decentralized ledger technology (DLT) to seafood supply chains, linking fishermen and fish farmers at the point of harvest to global seafood supply chain actors, ranging from distributors, processors, wholesalers and retailers. The company aims to apply blockchain technology to bring traceability to the seafood industry and create an ecosystem which could allow seafood producers and supply chain intermediaries to get rewards via microtransactions. The startup is mostly known for its parent company, Eachmile Technologies, whose founders developed and launched a mobile application for…

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Blockchain 

Blockchain for the Food, How Industry Makes Use of the Technology

As blockchain continues to push for mass adoption, the food and beverage industry is shaping up to be one of the most inclusive destinations for the technology: Just over the past few months, a variety of players — including juggernauts like Nestlé, Carrefour and Starbucks — have reported on their latest blockchain-powered initiatives within the field.  Indeed, in 2019, blockchain has been piercing the food industry at an accelerated pace. According to recent research, 20% of the top-10 global grocers will use blockchain by 2025. So, what makes the technology…

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Blockchain 

Facebook’s Libra Will Benefit Bitcoin But ‘Destroy’ Banks, Says Industry

Facebook’s new cryptocurrency project really can boost bitcoin (BTC), new sources, among them a report from equity research platform Seeking Alpha, said this week.  Capitalizing on existing theories about the social media giant’s Libra protocol, the brief report suggested that publicity from mainstream consumers will ultimately flow into bitcoin.  The collateral attention will only help the bitcoin price and its overall acceptance, particularly in the face of global market uncertainty. “I believe that Libra will allow users to be more inclined to use bitcoin as a peer-to-peer payment system while…

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Ethereum 

How Blockchain Could Decentralize the Music Industry

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Our guest authors invite readers to discuss the most polemic, ambiguous and debatable topics within the cryptocurrency, blockchain and fintech industries. If you want to become our guest author and be published on Cointelegraph, please send us an email at contributor@cointelegraph.com  “History, despite its wrenching pain, cannot be unlived,  but if faced with courage, need not be lived again.”  — Maya Angelou Thirty years after the…

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Blockchain 

Is Blockchain About to Change the Gaming Industry?

The gaming industry has grown dramatically in recent years, partially because the world of video games is keeping up with the latest technological advances and even tries to get ahead of them. As such, it couldn’t bypass the blockchain. It’s not surprising that, from time to time, gaming companies announce the development of games based on this technology. So, the French gaming giant Ubisoft, known for the Assassin’s Creed and Far Cry franchises, has announced that a blockchain will be integrated into its games. So, what can a blockchain give…

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Blockchain 

Indonesia to Improve Its Shipping Industry With New Multi-Million Blockchain Project

Singapore-based blockchain firm PLMP Fintech will participate in a multi-million logistics project in partnership with the government of Indonesia, according to a press release on May 29. The new initiative is made in partnership with the Ministry of Trade of Indonesia and intends to transform the country’s shipping industry starting from the Riau Province, which is located on one of the world’s busiest shipping lanes. The project is a result of a new memorandum of understanding (MoU) signed between PLMP Fintech and major industry-related entities in the Indonesian city of…

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Bitcoin 

In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

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