Chinese ASIC Manufacturer To Turn To AI In Case Of Stricter Gov’t Regulation

Chinese ASIC Manufacturer To Turn To AI In Case Of Stricter Gov’t Regulation Due to the recent crypto crackdown in China, Chinese ASIC chip manufacturer Bitmain is turning to artificial intelligence (AI) as an alternate revenue source, Bloomberg reports today, May 17. China’s crypto regulations have included an initial coin offering (ICO) ban in the fall of last year, this January’s ban on “exchange-like services,” and the February ban…

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Australia is Exploring the Blockchain for Welfare Payment Distribution

Australia is Exploring the Blockchain for Welfare Payment Distribution Australia’s Digital Transformation Agency (DTA), which works with government agencies, users, and private sector partners to develop public services, has announced it is studying the use of blockchain for welfare payment distribution. A prototype could be in the market come mid-2019. Australia May Deliver Welfare Payments over…

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Bitfinex Starts Sharing Customer Tax Data with Authorities

Bitfinex Starts Sharing Customer Tax Data with Authorities Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’…

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Sberbank Buys Commercial Bonds Issued Over Blockchain Platform

Sberbank Buys Commercial Bonds Issued Over Blockchain Platform Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country’s first commercial bond transaction made using blockchain. MTS announced Tuesday that it had placed commercial bonds of 750 million rubles ($12.11 million), with the primary buyer being Sberbank, using a proprietary blockchain platform…

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JP Morgan Announces Prototype Blockchain Platform to Streamline Capital Markets Infrastructure

JP Morgan Announces Prototype Blockchain Platform to Streamline Capital Markets Infrastructure J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The announcement took place at NY’s Consensus conference Wednesday, the Wall Street Journal reported May 16. Christine Moy, executive director of J.P.…

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Get Ready To Gain Profits With Kelta

Get Ready To Gain Profits With Kelta   Cryptocurrency has become an exploding, global phenomenon, and while the majority of us are just learning about it, traders are actively investing in this innovation. A great number of modern ICO companies are developing and presenting the market with their own cryptocurrencies. They are looking for effective…

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HTC’s Blockchain Phone Can Be Purchased with Cryptocurrency

HTC’s Blockchain Phone Can Be Purchased with Cryptocurrency It has been hinted at for quite some time now, but additional information regarding HTC’s “blockchain phone” has been made available. The company has dubbed this unit Exodus and will allow customers to purchase it with cryptocurrency come October. The device itself embraces blockchain tech in a few different ways, although…

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Decentralized Database Developer CyberVein Releases Whitepaper

Decentralized Database Developer CyberVein Releases Whitepaper   May 16, Shenzhen, China – CyberVein, a Shenzen-based group developing distributed database solutions, has published its Whitepaper. The paper describes a novel Directed Acyclic Graph (DAG) ledger design, optimized to store and process vast amounts of data. According to CyberVein, its DAG network will be able to “record…

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