BLOCKCHAIN

US Federal Reserve Hiring New Manager to Research Digital Currencies

[ad_1] The United States Federal Reserve is hiring a manager for its Retail Payments section in Washington, D.C.On Nov. 3, the U.S central bank posted a new job opening to its website, looking for a new manager who is expected to contribute to the research of digital currencies, stablecoins and distributed ledger technologies. Besides the principal duties and responsibilities, the position also requires the manager to promote and contribute to the
BLOCKCHAIN

China Introduces Blockchain-Based Identification System for Cities

[ad_1] China continues to up its blockchain game with an independently developed blockchain-based identification system for cities as part of its smart city infrastructure.On Nov. 4, Chinese daily tabloid newspaper Global Times reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang.The blockchain-based identification system will assign a unique, global digital ID to Chinese smart cities, aiming to improve the connectivity and
BLOCKCHAIN

Huobi Global to Freeze US Customer Accounts by Mid-November

[ad_1] Cryptocurrency exchange Huobi Global has announced that it will freeze all United States customers’ accounts on Nov. 13.In a blog post on Nov. 3, Huobi stated that its user agreement expressly prohibits customers in the U.S. from using its trading platform. For this reason, Huobi has been gradually disabling U.S customers’ accounts to “prevent any further trading or transferring.”The exchange, which recently rolled out a cryptocurrency exchange in Argentina,
BLOCKCHAIN

Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD

[ad_1] The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens. According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward. Of the over 85 billion tokens that were earmarked for SDF operations, giveaway
BLOCKCHAIN

Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients

[ad_1] Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange.In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported that it had taken action against the Einstein cryptocurrency exchange, which apparently owes more than $16 million to its customers, according to CBC news.Following a BCSC request to the Supreme Court of British Columbia, the court appointed audit firm Grant
BLOCKCHAIN

Aragon Opposes Change to Ethereum’s Mining Algorithm Before 2.0 Version

[ad_1] The Aragon community has officially proclaimed itself against ProgPOW. ProgPOW is a proposed protocol change to the Ehereum network that would close the efficiency gap available to application-specific integrated circuits. In a tweet on Nov. 2, the official account of the Aragon project posted voting results, showing that a proposal to block changes to Ethereum’s mining algorithm had passed.ProgPOW would change the Ethereum network’s proof-of-work mining algorithm before the eventual
Business

Roger Ver Says $5 Bitcoin Cash Giveaway Could Be Worth $5,000 Someday

[ad_1] Bitcoin Cash's Roger Ver took to Facebook to announce that he is giving away Bitcoin Cash (BCH) to further spread the adoption of the fourth-largest cryptocurrency by market capitalization.Bitcoin Cash price to increase by almost 100,000 percent?On Nov. 4, the Bitcoin Cash proponent and former CEO of Bitcoin.com, Roger Ver, said that he will send $5 worth of BCH to all of his Facebook friends, which “could easily become
Business

Huawei Signs Deal With Digital Currency Research Unit of China’s Central Bank

[ad_1] Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC).According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signing of a fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute at Huawei’s headquarters in Shenzhen.The announcement did not mention details regarding the agreement, or
BLOCKCHAIN

New Official Register in San Marino Recognizes and Regulates Blockchain Firms

[ad_1] The Republic of San Marino has officially adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification.Companies can apply for blockchain certification onlineThe project was initiated by San Marino’s fully state-owned tech innovation company, the Institute for Innovation of the Republic of San Marino, Cointelegraph Italia reports Oct. 22.According to local public service broadcaster San Marino RTV, companies in the microstate of San Marino
BLOCKCHAIN

Kadena Mainnet Goes Live, New $20 Token Sale Starts Tomorrow

[ad_1] The Kadena network, which is led by JPMorgan blockchain veterans, has gone live on Monday, with the firm announcing a new $20 million token sale.Kadena mainnet launch unlocks mining Kadena coinsAccording to an announcement on Nov. 4, Kadena has launched its mainnet Chainweb alongside the Kadena token wallet Chainweaver. The firm is also planning to carry out its third token sale from Nov. 5–Nov. 22.As specified on Kadena’s website,