UNICEF’s Cryptocurrency Fund pings ETH to educational emerging economy startups

The UNICEF Cryptocurrency Fund has announced its latest graduates for funding, with a focus on technology providers in developing and emerging economies.

The fund will invest 125 ETH - around $30,000 USD - in eight companies, part of a wider group of 40 startups which have graduated from UNICEF's innovation fund: Afinidata, Avyantra, Cireha, Ideasis, OS City, StaTwig, Somleng, and Utopic.

Afinidata, based in Guatemala, has an AI-based app which provides parents with...

South Korea’s NH Bank to launch blockchain consortium for cryptocurrency services

2020欧洲杯投注盘口South Korea's Nonghyup Bank (NH Bank) is working with blockchain laboratory Hexlant and law firm Bae, Kim & Lee to develop financial services using virtual assets.

2020欧洲杯投注盘口As reported by the Korea Herald, the consortium has signed a memorandum of understanding (MoU) to develop a joint institution for the research and development of cryptocurrency exchanges.

"Through the consortium, we will step up efforts to take a lead in the local cryptocurrency industry," said Jang...

Facebook renames Calibra wallet as Novi to avoid confusion

2020欧洲杯投注盘口Another step is afoot in the development of Facebook-led digital currency initiative Libra - as the Calibra wallet is renamed Novi to sever any links between it and Libra itself.

The move is aimed at ensuring Libra, whose membership includes Andreessen Horowitz, Coinbase and Shopify among others, is not seen as a Facebook-only entity. According to the company, the name Novi is derived from the Latin 'novus', for new, and 'via' for way.

The Novi wallet is the main bulwark...

Libra changes course after regulatory hurdles with more ties to local currencies

Meet the new Libra - not quite the same as the old Libra. The Facebook-backed digital currency initaitive has today launched a redesigned roadmap after encountering blowback from regulators.

The vision for Libra is now to create a more traditional payment system tied to local currencies, including USD, EUR and GBP. The Libra coin (LBR) - therein the original concept of a digital currency backed by assets - remains, but as co-creator David Marcus noted, will be a "smart contract...

Bitfarms gives positive update to mining process amid Covid-19

Blockchain infrastructure firm Bitfarms has optimised mining operations in real-time to maintain maximum computer capacity all through the on-going economic and social turmoil caused by the COVID-19 pandemic.

Bitfarms has been able to maintain an average daily hashrate of about 630 petahash per second (PH) since a significant decline in Bitcoin price on March 12 till the price recovery at or above $6,000 on 19 March. It maintained an average daily hashrate of approximately 750...

Michel Rauchs, CCAF: On Libra, Bitcoin power consumption, and learning from history

2020欧洲杯投注盘口Of all the emerging technologies set to transform business processes, blockchain stands on its own for a variety of reasons. Whereas many – 5G, cloud, augmented reality – are the next iteration of what has come before, blockchain stands alone.

2020欧洲杯投注盘口As a result, it’s difficult to rely on past laurels. Those at the sharp end need to have interests and expertise in a variety of specialisms, from computer science, to economics, to geo-politics.

Michel Rauchs (left)...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

2020欧洲杯投注盘口Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Riot Blockchain to scrap crypto exchange and further pursue mining

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

2020欧洲杯投注盘口The greater move to mining has been coming, with Riot recently...

Mastercard, Binance X and Xpring join Blockchain Education Alliance in ‘significant’ move

The Blockchain Education Alliance has announced the joining of several new members, including Mastercard, Binance X, the innovation arm of major crypto exchange Binance, Ripple's accelerator Xpring and cryptocurrency exchange KuCoin.

Other members to join the Alliance are smart contract platform NEO, IoT startup IoTeX, blockchain security firm Quantstamp and big data blockchain service Constellation Labs.

The Blockchain Education Alliance was launched in October 2019 by...

Dubai Multi Commodities Centre to launch ‘crypto valley’ ecosystem

2020欧洲杯投注盘口Dubai Multi Commodities Centre (DMCC), the Dubai government authority on commodities trade and enterprise, has announced the launch of its own Crypto Valley ecosystem in a partnership with CV VC and CV Labs.

Under the agreement, announced at Davos earlier this month, the entities will be launching what is claimed to be the world’s largest ecosystem for cryptographic, blockchain, and distributed ledger technologies.

2020欧洲杯投注盘口The DMCC Crypto Valley, which aims to foster...