The New York Times Using Hyperledger Fabric to Fight Fakes News

[ad_1] The paper of record, The New York Times (NYT), is using the Hyperledger Fabric permissioned blockchain to guarantee the provenance of digital files.According to a new website for NYT’s News Provenance Project, the newspaper will use blockchain technology to fight misinformation in the media. The project’s purported aim is to provide a platform that is widely applicable to variously-sized publications.Blockchain technology will purportedly aid the project in recording metadata

Prominent Nigerian Politician Calls for Legal Framework for Cryptocurrencies

[ad_1] Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country.According to a report by Nigerian news daily Daily Post on July 23, Gbajabiamila wants the country to develop clear regulations for digital assets so that the country does not get left behind as cryptocurrencies become more widely adopted. Speaking at a visit by the board of the Nigerian

Japanese General Trading Company Backs Blockchain Platform for Wind, Solar

[ad_1] Marubeni Corp., a major Japanese sōgō shōsha, or general trading company, is now backing a blockchain-based power trading platform.Per a report by Reuters on July 23, Marubeni  has issued a loan to Lithuania-based blockchain project WePower. Per Reuters, the size of Marubeni’s stake in WePower after converting the loan is yet to be determined.WePower has reportedly developed a platform which allows small- and medium-sized enterprises to more easily buy

New York State Digital Currency Task Force Appoints New Members

[ad_1] Legislators from the New York State Assembly have appointed six members to the New York State Digital Currency Task Force.In a video announcement on July 22, Assembly member Clyde Vanel announced six appointments to the group, which is tasked with investigating and making regulatory recommendations regarding digital currencies and blockchain technology. The task force will consist of 13 members, six of whom are appointed by the Assembly, while the remaining

Bitcoin’s ‘Untouched Supply’ Reaches All-Time High of 21.6%

[ad_1] Newly released data from Coin Metrics shows that the number of un-moved Bitcoin has risen to a new high. Does this mean Bitcoin is a better store of value or does it still have potential as a medium of exchange? Is HODLing Bitcoin Back in Style? Today, crypto-analyst and Tales From the Crypt podcast co-host Matt Odell noted that the amount of untouched Bitcoin has grown significantly over the

Bitcoin Cash Adoption Continues to Spread in North Queensland and Japan

[ad_1] BCH merchant acceptance has continued to grow month after month but there are a few regions in the world where bitcoin cash retail acceptance is thriving. Over the last few weeks, North Queensland and Japan have shown significant growth and continue to dominate as some of the densest territories of BCH merchant adoption worldwide. Also read: Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

Philippines-Based UnionBank Completes Blockchain Remittances Pilot

[ad_1] The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore, according to a press release published on July 23.The pilot is the result of a partnership between UnionBank and Singapore-based OCBC Bank, wherein the parties deployed the Adhara liquidity management and international payments platform and UnionBank-UBX's i2i platform to make the remittance. To ensure financial inclusion for the unbankedSpecifically, the bank used

Saurel Offers Convincing Reasons Why Bitcoin is Better than Cash

[ad_1] People are becoming increasingly aware of the advantages of using Bitcoin. Now, developer Sylvain Saurel identifies several compelling reasons for preferring Bitcoin over conventional currencies. “Bitcoin is Better than Cash” The combination of an obsolete banking system and a three-thousand-year-old fiat monetary system is becoming incompatible with the new borderless, decentralized, and fast-moving digital economic model. As a result, a growing number of industry experts agree that BTC is

New York Regulators Designate New Division to License Crypto Businesses

[ad_1] The New York Department of Financial Services (NYDFS), the state’s financial regulator, has established a new department that will be responsible for licensing and regulating crypto-related businesses.In a statement on July 23, the NYDFS announced the formation of the Research and Innovation Division which will “house the Department’s division responsible for licensing and supervising virtual currencies, and it will assess new efforts to use technology to address financial exclusion.”The

Anti-ICO Chairman of South Korean Financial Regulator Resigns as Expected

[ad_1] Financial Services Commission (FSC) chairman Choi Jong-ku, a governmental official in South Korea who took a hard line on domestic Initial Coin Offerings (ICOs), has tendered his resignation. The Korea Times reported the chairman’s decision on July 18."I recently tendered my resignation to President Moon Jae-in to widen the scope of his choice before the expected reshuffle," Choi said.According to the report, officials in the finance sector expected Choi