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Marshall Islands to Issue Physical Banknotes for Decentralized Digital Currency

Marshall Islands to Issue Physical Banknotes for Decentralized Digital Currency

The Marshall Islands, a US associated state near the equator in the Pacific Ocean, has signed an agreement with Tangem, a blockchain-enabled smart card company, to introduce Sovereign (SOV), the world’s first decentralized digital currency in physical banknotes form. However, the International Monetary Fund (IMF) has opposed the state’s plans to launch SOV. In September 2018, it urged the island not to create a national digital currency, due to the associated concerns such as macroeconomic and money-laundering.

Samsung S10 Steps into Market with Cryptocurrency Storage Feature

Samsung Galaxy S10 Steps into Market with Cryptocurrency Storage Feature

Samsung has launched Galaxy S10 smartphone, featuring cryptocurrency storage to house private cryptocurrency keys. Currently, the phone has been announced in Seoul, San Francisco, and London. According to the company, Galaxy S10 comes with Samsung Knox function that will provide a hardware-backed secure storage for the private keys. The feature is expected to enable the smartphone users experience streamlined blockchain-enabled mobile services. 

Binance Takes Over the Market by its Launch of Binance DEX

Binance Takes Over the Market by Launching Decentralized Crypto Exchange Testnet

Binance has announced the launch of testnet of its new decentralized cryptocurrency exchange, Binance DEX. The exchange, which is based on Binance Chain, is now available for customers, and allows users to create wallets and exchange tokens on the Binance DEX testnet. The exchange is also claimed to support secure decentralized software and hardware wallets.

$13 Million Cryptocurrency Scam Takes Indian Public into Shock

$13 Million Cryptocurrency Scam Busted by Mumbai Crime Branch, India

The Mumbai Crime branch, in India, has uncovered a gang behind a $13 million (INR 100 crore) cryptocurrency scam, which was spread over the states of Maharashtra, Gujarat, and Uttar Pradesh. The scammers had launched a scam coin, dubbed Cashcoin, which was claimed to be similar to Bitcoins. The gang cheated people by promising them double returns within two months.

South Australian Government Takes Over Elections Using Blockchain

South Australian Government Signs Contract to Conduct Blockchain-based Election

The South Australian Government has signed a contract with Horizon State, a blockchain solutions provider, to assist the government in conducting a blockchain-based election. The New-Zealand based company will provide technology and support for the voting process. As per sources, the blockchain voting technology has already been integrated with the state’s online polling website.

US FDA Prepares for Blockchain Implementation to Authenticate Drug Supply

US FDA Prepares for Blockchain Implementation to Secure Drug Supply Chain

The US Federal Drug Administration (FDA) has launched a pilot project to use blockchain technology to enhance the tracking and authentication of prescription drugs and restrict the flow of illegitimate products from entering the food and drugs supply chain. The organization has also appointed Frank Yiannas, a technology expert in global supply chain, to work on advanced technologies like blockchain and empower the US food supply.

JPM Coin is Not a Cryptocurrency, Claims Cheddar Reporter

JPMorgan Clears That JPM Coin is Not a Cryptocurrency

JPMorgan has cleared that JPM Coin is not a cryptocurrency, which can be used for trading purpose, rather it is a stable coin created for payments processing and settling debts within JPMorgan Chase. Umar Farooq, JP Morgan’s head of digital treasury services and blockchain, has linked the launch of the coin to the firm’s decision to meet its customers’ demand for a secure and instant payments processing platform.

Hazardous Crypto Mining Apps Found on Microsoft Store

Illegal Crypto Mining Apps Discovered on Microsoft App Store

Symentec has reported that crypto mining apps were found on Microsoft’s app store, which allowed illegal mining of Monero. The app store consisted of eight illegal apps named as Battery Optimizer (Tutorials), VPN Browsers+, Downloader for YouTube Videos, Clean Master+, FastTube, Findoo Browser 2019, and Findoo Mobile & Desktop Search. Though the number of infected computers has not been reported, the company has taken down the apps from its app store.

Hyundai Knocks Door of Blockchain to Provide Advanced Business Models

Hyundai Knocks the Door of Blockchain to Build Financial Supply Chain Ecosystem

Hyundai has announced that its financial services subsidiary, Hyundai Commercial, has selected IBM to build a new financial supply chain ecosystem utilizing Hyperledger Fabric blockchain. As per sources, Hyundai Card, another financial services subsidiary of Hyundai, will also be joining IBM to implement Machine Learning and develop Artificial-Intelligence based Chatbot for support services.