Blockchain 

Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say: “This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to…

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Bitcoin 

Crypto Advertisement Still Unwelcome, How Is the Industry Coping?

The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics since January 2019. The ASA received four complaints, each accusing the platform of being misleading about Bitcoin investment profitability. The court satisfied the complaints.  However, this was not the first time that a state took a tough attitude toward advertisement of cryptocurrencies. Here is an overview of how cryptocurrencies are advertised — or not —…

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Blockchain 

Crypto Industry Direly Needs Specialized Education, Says Ripple Exec

Cryptocurrency firm Ripple’s head of social impact Ken Weber is confident that universities around the world must expand their education programs to offer blockchain and digital assets training courses that directly relate to actual roles in the industry. Blockchain workforce demand exceeds the supply Weber addressed the lack of qualified blockchain workforce and relevant education resources in an interview with OpenAccessGovernment published on Aug. 20. He also cited a report which suggests that “there’s been a 517% increase in demand for software engineers with blockchain development skills in the past…

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Blockchain 

Industry Investors Shift Focus From Crypto to Convergence Apps: Report

The year of 2019 has witnessed a shift in investments from focusing purely on digital currency to convergence applications, according to a new report from Outlier Ventures published on Aug. 13. Early stage investors shift focus The “Investment in Blockchains 2019” report, which provides insight into blockchain investment and market trends in 2019, states that blockchain-focused companies have secured $23.7 billion since 2013. Increased interest among early stage investors ostensibly results from massive returns from early investments in Bitcoin (BTC) and Ether (ETH). Per the study, there has been a…

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Bitcoin 

How Brexit Will Affect the UK Fintech Industry? Experts Answer

Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the fintech industry in the United Kingdom? We asked experts from the London Fintech Week, the U.K. in a Changing Europe, the University of Nottingham and more. Meanwhile — and this should be underlined — a lot of experts declined to give comments on such a politically sensitive topic. While the U.K.’s government was trying to deal with Brexit, with numerous negotiations…

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Blockchain 

Blockchain Adoption Takes Off in Airlines, Aviation Industry

In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and even the smallest advantage may be the difference between leading the industry and being forced into an unwanted merger. Last year, Cointelegraph discussed the potential benefits the blockchain industry can have for airlines. Fast-forward 12 months and the waves this technology is making not only for airlines but also air travel and the aviation industry as a…

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Bitcoin 

Tokenizing Sports — How the Industry Is Incorporating Crypto

Cryptocurrencies and digital tokens have become powerful tools for a variety of industries over the past few years, and the world of sports is no exception. Sports fans are notoriously passionate about the teams they support, and there is a massive market for everything from tickets to memorabilia, collectibles and content. As the world continues to move online, sports teams and organizations are beginning to embrace the use of cryptocurrencies and digital tokens to give fans access to exclusive content and items using these new technologies. This move toward crypto-acceptance…

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Ethereum 

Esports Platform Tackling Centralization in Betting Industry Amasses 260,000 Users

An esports platform with a working product on the Ethereum mainnet says it is tackling the centralized nature of the online betting industry by enabling users to place wagers with their friends and family instead of old-fashioned bookmakers. Hero says it has amassed more than 260,000 registered users and a community in which anyone can create contests based on a plethora of sporting events. In recent months, the company has focused its resources on offering compelling markets for titles such as Dota 2, League of Legends and Counter Strike: Global…

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Ethereum 

Blockchain in the Telecoms Industry: Revolutionizing Cell Phone Usage?

“[X-Number of] Industries Blockchain Will Disrupt” — How often do you come across articles with a headline like this? Every time, we discover new ways to implement the tech and, while being filled with inspiration, look around to see no practical change. Speaking about blockchain in use, we should therefore consider its potential rather than today’s use cases. It’s no wonder why blockchain seems to be “the one” for many industries in which data processing is involved (side note: everywhere). It especially happens to be the solution in industries in…

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Ethereum 

Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

The Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country, according to an announcement by the Iran Chamber of Commerce, Industries, Mines and Agriculture on July 22. Iran’s Economic Commission approves crypto mining ‘mechanism’ Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati said that “a mechanism to mine digital coins was approved by the government’s economic commission and will later be put to discussion at a Cabinet meeting.” Initially, Iranian authorities announced that they are planning to authorize Bitcoin and cryptocurrency mining earlier…

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