Tag Archives: Adoption

CryptoRuble: How Stable Could Russian National Stablecoin Be?

On November 7, the chairman of Russia’s State Duma Committee on Financial Markets announced details of the “CryptoRuble,” a long-discussed government cryptocurrency project.   Specifically, the official said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble, but in a digital space. Russian authorities have now ended up with this concept after years… Read More »

VeChain (VET) Product Tracking Pilot Project Launched by H&M

ADVERTISEMENT VeChain is being tested by H&M fashion empire for Arket – their clothing brand which is trying out the blockchain based technology to track the respective products. Before anything official was announced or declared by the in-house brand, on the social network Twitter and aggregator Reddit rumors initiated their doing. Afterwards the team from the subsidiary of H&M… Read More »

The ‘Wal-Mart’ of Venezuela Has Started Accepting Bitcoin

As Venezuela is in the grip of hyperinflation, a large local Wal-Mart-like department store has started to accept bitcoin for goods. Cryptocurrencies: A Viable Alternative More and more are cryptocurrencies establishing themselves as a viable alternative to Venezuela’s redenominated local currency the Sovereign Bolivar. TRAKI, a large local department store, has purportedly started to accept cryptocurrencies. According to… Read More »

OmiseGo Partners With Singapore Ride Hailing App to Trial Blockchain Solutions

Ethereum-based payment platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered to research blockchain technology, according to a press release shared with Cointelegraph Nov. 14. MVL is the protocol behind popular Singapore ride hailing app TADA. MVL and OmiseGo will develop a Proof-of-Concept (PoC) to ascertain whether the decentralized OMG Network is suitable for MVL’s data… Read More »

Poll: Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents

Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13. The investigation into the e-payment market in Moscow was carried out by Russian payment service Yandex.Money and the Moscow Information Technology Department (ITD). The experts purportedly surveyed 1,000 Moscow residents of… Read More »

New York Digital Investment Group Subsidiary Acquires New York BitLicense

The New York State Department of Financial Services (DFS) has granted a BitLicense to NYDIG Execution, according to an official DFS announcement published Nov. 14. NYDIG Execution, a subsidiary of the New York Digital Investment Group LLC (NYDIG), is now legally authorized to operate cryptocurrency-related business and to conduct money transmissions. Through the recent license, the firm is… Read More »

Spanish Telecoms Operator Partners With IBM to Manage International Calls With Blockchain

IBM and major Spanish telecommunications firm Telefónica have partnered to apply blockchain technology to managing international mobile phone call traffic, per a press release shred with Cointelegraph Nov. 14. Telefónica is the seventh largest telecom company in the world by market capitalization, valued at $51 billion according to Forbes. The company carries out communications business in 17 countries,… Read More »

Moscow Has 120,000 Residents Using Bitcoin, Yandex Survey Finds

Moscow has an estimated 1 percent or 120,000 people actively using cryptocurrency, according to a new survey from Yandex.  Moscow Has 120,000 Bitcoin Users? The survey was a joint project from the local Information Technology Department (DIT) and payments service Yandex.Money, which saw a modest sample of 1000 residents living in the Russian capital, whose population today is around… Read More »

China: Insurance Giant Ping An, Sanya City Gov’t to Build ‘Smart City’ with Blockchain

China’s Ping An Insurance Group, one of the world’s largest insurance corporations, and the Sanya municipal government signed a strategic cooperation agreement for “Smart City” construction. The new project will be backed with blockchain tech, artificial intelligence (AI), big data, and cloud computing, the official state run press People’s Daily reported Nov. 14. Ping An Group signed a… Read More »

Report: France Accounts for Minor Part of Global ICO Market, While US Leads the Industry

The Initial Coin Offering (ICOs) industry in France represents a minor part of the global ICO market, according to a report on ICOs released by French financial markets regulator AMF (l’Autorité des marchés financiers) today, Nov. 14. According to the recent study, the global ICO market has accounted for 19.4 billion euros ($21.8 billion) since 2014. Having experienced… Read More »