Blockchain-Based Insurance Platform for Farmers Launches in Sri Lanka

[ad_1] Decentralized insurtech firm Etherisc has launched a blockchain-based insurance platform for farmers in Sri LankaThe platform is the result of a partnership with the insurance company Aon and the charity Oxfam in Sri Lanka, according to a press release by Aon on July 1.As per the report, the aim of the insurance platform is to provide a way for Sri Lankan farmers to access risk protection in the face

Over 100 Fake Domains Registered Relating to Facebook’s Libra

[ad_1] Cyber threat intelligence firm Digital Shadows has discovered over 100 fake domains registered relating to Facebook’s forthcoming stablecoin Libra, the Independent reported on July 1As of June 19, researchers at Digital Shadows had found over 100 domains registered relating to Libra and several dozen referring to the associated digital wallet Calibra, with some of them containing malicious content. The firm divided the websites into two groups — those impersonating

Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?

[ad_1] Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted that when central banks are so aggressive, Bitcoin starts to look more attractive, while

Dubai Chamber of Commerce Signs MoU on Blockchain Trade Solutions

[ad_1] The Dubai Chamber of Commerce and Industry (DCCI) has entered a joint initiative to promote the adoption of blockchain trade solutions, according to a press release on July 1The DCCI, which acts as an international business hub in Dubai, has signed a memorandum of understanding (MoU) with two entities the International Chamber of Commerce (ICC) and Singapore-based blockchain startup Perlin.According to the report, DCCI is the first chamber of

Litecoin ‘Excellent’ in Adoption and Investment Returns

[ad_1] American provider of investment data Weiss Ratings has ranked Litecoin (LTC) as “excellent” in regards to investment rewards and adoptionDigital currency ratings unit Weiss Crypto Ratings has classified the fourth largest cryptocurrency in terms of market capitalization LTC as “excellent” when it comes to investment rewards and adoption. At the same time, the agency ranked the altcoin’s investment risk factor as “fair,” which resulted in the B- rate in

G20 Leaders Reaffirm Position on Cryptocurrencies in Statement

[ad_1] G20 leaders reaffirmed their previous stance towards cryptocurrencies in a declaration following the G20 Summit in Osaka on June 29In the declaration, the G20 leaders state that cryptocurrencies do not currently constitute a threat to monetary stability, and that technological innovation can deliver significant benefit to the economy.The participants also welcome the ongoing work on those assets by the Financial Stability Board and other standard setting bodies, and encourages

Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament

[ad_1] On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed rules and incentives can be enforced with this consensus mechanism.” Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque A Virtual

Major South Korean Bank Places Restrictions on Accounts Linked to Crypto Exchanges

[ad_1] According to a recent report, Shinhan Bank, one of the biggest financial institutions in South Korea has revealed its intention to be more strict with regulations on accounts connected to crypto exchanges and it intends to do this using several methods like assigning staff to sort account transactions. Shinhan Doing its Part in Curbing Financial Fraud Word on the street is that the bank is trying to avoid claims

Bitcoin Price Analysis: BTC Falls into 2018 Bear Market Pattern

[ad_1] Bitcoin continues to extend it losses today, as the #1 asset unravels a further 6.59% against the US dollar. On the 4-hour chart we can see worrying signs that the 2018 bear market could be about to repeat itself. BTC/USD 4-Hour Chart On the 4-hour BTC/USD chart we can see that the price 00 is struggling to print a higher high after correcting from its YTD-peak of $13,850, on