BLOCKCHAIN

Continental Unveils Demo Earning App for Blockchain-Based Car Platform

[ad_1] Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information.Parking space data for digital currencyForbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn As You Drive. This application reportedly lets drivers opt in to earn digital currency for sharing
Business

1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

[ad_1] Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices.Crypto payments via QR codesCointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes for payment, and the customer can then use a smartphone in order to scan
BLOCKCHAIN

South Korean ArtBloc to Sell David Hockney Paintings via Blockchain

[ad_1] South Korean art-focused blockchain project ArtBloc will conduct a fractionalized ownership sale of two paintings by popular British painter David Hockney.ArtBloc launch commemorationArtBloc plans to host a special event introducing the blockchain-enabled fractionalized ownership sale of two of David Hockney’s paintings in Seoul on Sept. 19, local outlet KoreaTechDesk reported on Aug. 29.“Hockney Night with ArtBloc” will also function as ArtBloc’s launch party, where art enthusiasts will be able
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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

[ad_1] Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil. Also read: ERC20
BLOCKCHAIN

Jaguar Uses Iota in Proof-of-Concept Demo for Tracing Car Energy

[ad_1] Distributed ledger technology (DLT) company Iota partners with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT.Tracking energy source and usageIota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie Lab Crigen for the demonstration. The demonstration aims to show the public both the
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US Banking and Remittance Firm— PNC, Now Utilises RippleNet

[ad_1] According to a recent report, a leading financial institution PNC has become the first bank to provide international remittances service in the United States using RippleNet after it remitted $4.3 billion as revenue in the first quarter of 2019, and had $385.9 billion in average assets. The bank now uses Ripple’s chain of banks and financial institutions which is referred to as RippleNet to transfer funds overseas. The released
Business

Bitcoin Price Stable, Altcoins Send Mixed Signals After Fresh Gains

[ad_1] Friday, Aug. 30 — after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals.Market visualization. Source: Coin360Bitcoin (BTC), which managed to climb over $9,600 earlier today, is now trading at $9,531, up around 0.1% on the day at press time. Bitcoin dropped below the $10,000 threshold earlier this month on Aug. 28 amid a sharp sell-off that led
EXCHANGES

BitMEX Bitcoin Outflow in July is Worse than Reported

[ad_1] Everybody knows that July was a bad month for one of the world’s largest bitcoin and crypto derivates exchange BitMEX. But they are wrong. July was – evidently – the worst.  New data reveals that the Seychelles-based firm experienced its most damaging net inflows in the said month. Fork Monitor found that BitMEX processed withdrawals of about 50,000 bitcoin, which at currency exchange rate equals $476 million. The statistics
Business

Is Blockchain Payments Integration in Messenger Apps Good for Crypto?

[ad_1] Many cryptocurrency analysts and industry representatives are predicting that the increasing integration of blockchain payments with messenger apps will comprise the catalyst for the next wave of mainstream distributed ledger technology (DLT) adoption.However, critics are warning that the blockchain payments integrated with messenger apps may undermine many of the core values underpinning cryptocurrency.  They predict that the majority of individuals’ economic activities may occur with centralized mediation from a
Business

Boeing Joins IBM on Hedera Hashgraph’s Governing Council

[ad_1] Major global aerospace manufacturer Boeing has reportedly joined the governing council of enterprise-focused decentralized network Hedera Hashgraph.Ten members so farThe American aircraft giant is the 10th firm in the list of Hedera’s governing council members, including tech giant IBM, Japanese financial holding company Nomura Holdings, Indian telecom Tata Communications and financial services firm FIS Global, Coindesk reported on Aug. 29. According to the report, Boeing has not officially confirmed the