News

Russian Government Blocks Anonymous Wallet Deposits

In a move that will affect 10 million users across the world, the Russian Federation has banned anonymous deposits to online wallets. The program is expected to curtail criminal activity, such as terrorist funding and the illicit drug trade, according to lawmakers. 10M anonymous wallets have been affected Online wallets are very popular in Russia, […]

The Number of Active Crypto Traders in Japan Decreased in March

Before the state of emergency was formally declared slowing the pandemic spread in Japan. Total crypto-exchange activity decreased as fiat deposits peaked. The number of active crypto accounts registered in the country decreased from 2.048.501 in February to 2.044.806 in March. According to data published by the Japan Virtual and Crypto Asset Exchange Association (JVCEA) […]

Decentralized Energy is Essential to a Future for DeFi

Decentralized Energy (DeEn) leverages Ethereum’s DApps and Smart Contracts for transactions and trading of energy properties. In a paper published on July 31, Lition, a Berlin-based sustainable tech startup that introduced a blockchain-based marketplace enabling customers to choose between various energy suppliers, DeEn has the same “structure, advantages, and logic” as DeFi or Decentralized Finance. […]

CWT Travel Management Company Pays $4.5M Bitcoin to Hackers

U.S.-based travel company CWT paid $4.5 million in a Bitcoin ransom to hackers who stole the company’s confidential data. According to Reuters’ July 31 report, CWT (formerly Carlson Wagonlit Travel) representatives paid 414 Bitcoin (BTC) ransomware hackers on July 27. About $4.5 million at the time — over two transactions. Blockchain data reveals that, within […]

The United Arab Emirates is debuting a blockchain-based Know Your Customer

Dubai Debuts National Data Platform Powered by Blockchain

This platform is set to become a national system for the exchange of verified customer information. The Economic Development Department of Dubai, or DED. And the state-run bank Emirates NBD are carrying out their so-called UAE KYC blockchain network. 120 Local companies have signed up for Emirates NBD platform The new blockchain platform, first unveiled […]

Guizhou in China Launches Blockchain-Powered Int’l Trading Platform

Another Chinese province announced that a blockchain-powered, cross-border financial service platform is about to launch. Per Haiwainet, Guizhou Province, expected to launch the initiative this month in the mountainous southwest of China. The foreign-exchange administrator of the province is the genius of the site. The administrator said he’s been working on the project with the […]

Blockchain the Answer for Power Provider as China Energy Demand Soars

Blockchain the Answer for Power Provider as China Energy Demand Soars with summer temperatures climbing. And production rising in the wake of the coronavirus pandemic, power suppliers in Dongguan, an industrial town in Guangdong province of China, said they experienced a massive surge in demand – and are responding with a blockchain-powered solution. The initiative […]