Latest News for: Blockchain systems


Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking

CryptoPotato 28 Feb 2021
He admitted to the disruptive capacity of cryptocurrencies and blockchain technology, stating that they could well displace existing banking systems in the coming years ... He called for initiatives that will enable people to enjoy the benefits of blockchains and cryptocurrencies while keeping the adverse effects in check.

Polkadot Gears Up for Parachains Launch: Unveils ‘Common Good’ Parachains

CryptoPotato 28 Feb 2021
Polkadot, the interoperable blockchain protocol spearheaded by Ethereum co-founder Gavin Wood, has announced its forthcoming parachain launch ... According to the blog post, both system-level chains and public-utility chains may emerge as blockchain categories that qualify as common good chains.

Creator of postpartum haemorrhage cup, Maharashtra boy among 10 winners

The Times of India 28 Feb 2021
Another winner, Gaurav Narula, 20, of Bharati Vidyapeeth’s College of Engineering, New Delhi, has designed a novel blockchain to secure healthcare data. “Hackers can break into a hospital system and steal a patient’s data.

Bitcoin Is Suffering, but Many Institutions See This as an Opportunity

LB News 28 Feb 2021
Bitcoin Has Taken an Ugly Stumble ... In a statement, the company explained.. Our mission is to create an open financial system for the world. We are building the crypto economy; a more fair, accessible, efficient and transparent financial system for the internet age that leverages crypto assets. These are digital assets built using blockchain technology.

China: Private banks to help with the rollout of booming digital yuan

Cryptoslate 27 Feb 2021
Blockchains make big push in China. Apart from digital currencies, state-backed blockchain systems are also making an appearance in China. As per previous reports, China’s Blockchain Service Network (BSN), has already gone live in over 80 Chinese cities—the open-source protocol ...

Nigeria’s VP Proclaims Blockchain And Crypto Will Challenge Current Finance

Inside Bitcoins 27 Feb 2021
In his statement, he gave a very positive outlook regarding cryptocurrencies, blockchains, and their future within the world’s financial system ... Osinbajo proclaimed that blockchain technology, and particularly cryptocurrencies, will inevitably challenge the entire traditional banking space, even the reserve banks, within the coming years.

Binance Weekly Report: Upgraded BSC, Liquid Swap 3.0, CZ Chats with Mark Cuban

Binance Blog 27 Feb 2021
PNetwork, a cross-chain composability system that allows assets and Non-Fungible-Tokens (NFTs) to move freely between blockchains, has been successfully integrated on the Binance Smart Chain (BSC) mainnet ... PNetwork, a cross-chain composability system that allows assets and ...

Bitcoin ‘Too Volatile’ to Be Global Medium of Exchange, Says Berkshire’s Charlie Munger

Yahoo Daily News 27 Feb 2021
The question, centered on the potential technological disruption from the likes of Amazon and Apple Pay, digital wallets and bitcoin, prompted Munger to respond that he did not know how the payments system would evolve ... State of Wyoming Introduces Bill for Blockchain Filing System.

BLOCKCHAIN TECHNOLOGY: Bridging the digital skills gap is key to addressing unemployment

Independent online (SA) 26 Feb 2021
And with advances in artificial intelligence (AI), robotics and other emerging technologies like blockchain now happening in shorter cycles, the desire to change the very nature of the jobs that need to be done - and the demand for skills needed to do them – has increased exponentially.

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

Bitcoin 26 Feb 2021
Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly ... Crystal Blockchain provided some potential reasons behind that trend, including the emergence of several blockchain analytical firms working hand-by-hand with exchanges to improve their security compliance systems.

Komodo’s AtomicDEX stress test proves success as a scalability solution

CryptoNinjas 26 Feb 2021
In addition, AtomicDEX supports trustless trading for dozens of blockchain networks, not just Ethereum and ERC-20 tokens ... This permissionless and decentralized system captures the essence of blockchain technology – democratic and transparent recordkeeping where the users themselves retain custody.

Legal actions to retrieve stolen coins: What is the success rate?

Cryptopolitan 26 Feb 2021
The blockchain technology on which crypto systems run is an “open source” program; this makes for transparency in transactions; anyone with basic computer skills could access the “digital ledger” on which these transactions are recorded ... their blockchain.

The value of ‘digital gold’: What is bitcoin actually worth?

Al Jazeera 26 Feb 2021
After a widespread payment system outage at the US Federal Reserve disrupted wire transfers and cheque clearing services this week, many bitcoin supporters argued ... Some critics who argue that bitcoin is too volatile still see potential for the blockchain system to be widely used.