BLOCKCHAIN

TRON Announces MainNet Upgrade Designed to Enhance Security and Convenience

[ad_1] Odyssey, the mainnet for the blockchain-based platform TRON, will be upgraded to version 3.6 soon, according to an official blog post by the TRON Foundation on June 18.The TRON network aims to be a platform for creating entertainment-focused decentralized applications (DApps). As stated in the post, developers can create DApps on both the TRON protocol as well as the Tron Virtual Machine.Odyssey version 3.6 will reportedly contain new features
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Privacy Is Paramount: How KYC Makes Us All Less Free

[ad_1] KYC (Know Your Customer) policies and endless private data collection, coupled with force-backed, violent legislation compromise the utility and ethics of crypto trading. An uncompromising stance on user privacy is critically important to crypto traders and peer-to-peer transaction. It’s not about having nothing to hide, but about sound economics, human dignity, and creating a more peaceful, less violent, world. Also read: Hayden Otto Discusses the Rise of North Queensland’s
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Automatic Bitcoin Micropayments Are Coming to Lightning Network

[ad_1] With the introduction of Joule Allowances, the Bitcoin network takes one step closer to achieving its potential for automated micropayments and ‘streaming money.’ Joule Allowances Enables BTC Auto-Micropayments Since its inception, Bitcoin has been trying to live up to its promise of being an enabler of frequent, low-value, instant payments. However, this is difficult to achieve on-chain, particularly when a block is mined roughly every 10 minutes Now, a
Business

Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

[ad_1] Disclaimer: this story is breaking and will be subject to updates.Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee is requesting that Facebook halt development on its cryptocurrency, the Libra, as reported by CNN Tech Reporter Brian Fung in a series of tweets June 18.In her statement, Rep. Waters explained:“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any
BLOCKCHAIN

IBM Announces New Multicloud Update to Blockchain

[ad_1] IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18.The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS).This is apparently the main upgrade over its previous iteration, which was available solely through IBM’s cloud. The multicloud platform will be available via Kubernetes, a
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Litecoin Set to Unveil Debit Card Which Enables Spending LTC Like Regular Cash

[ad_1] According to a recent report, a new credit card is set to be launched by the Litecoin Foundation. The card which is a special edition card will allow users to pay out their virtual currency either online or in physical store outlets anywhere in the world where major credit cards are accepted, it will also support Bibox Token (BIX), Ternio (TERN), and Litecoin (LTC). Special Edition Litecoin BlockCard The
BLOCKCHAIN

Brazilian BTC Exchange Faces Numerous Lawsuits From Clients Unable to Access Funds

[ad_1] Clientele from multiple states in Brazil have filed lawsuits against bitcoin (BTC) investments firm Bitcoin Bank Group for inaccessible crypto funds, according to a report by Cointelegraph Brasil on June 18.The lawsuits are reportedly over issues with users being unable to withdraw funds from the BBG’s associated cryptocurrency exchange, Paraná-based NegocieCoins.As of press time, the page for NegocieCoins on crypto market information website CoinMarketCap shows the following message regarding
BLOCKCHAIN

Italy’s Banks to Use Blockchain to Boost Settlements and Improve Transparency

[ad_1] Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18.The Italian Banking Association (ABI) has announced that Italy’s banks will integrate distributed ledger technology (DLT) into internal processes to boost settlements. The deployment of blockchain is also set to improve transparency in transactions between banks and efficiency of communication between counterparties.The initiative comes as part of a
BLOCKCHAIN

Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India

[ad_1] Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18.The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), based on tokenization technology developed by Australian blockchain-powered Fintech company Identitii Ltd., the firm said in the announcement.According to the statement, HSBC DART was developed for HSBC’s Global Liquidity
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French Finance Minister Wants Facebook Coin Investigated

[ad_1] Social media giant Facebook launched its Libra virtual currency today and it didn’t go down well with the political opposition in Europe as Bruno Le, a French Finance Minister and a member of the European Parliament in Germany Markus Ferber urged cryptocurrency regulators to investigate the token. A Report is Needed Ferber issued a warning stating that Facebook which has over 2 billion users across the world might end