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Here’s How Big-spending Chinese Firms Use their Blockchain R&D Money
20.10.2020
A new study of how Chinese firms have been making use of the millions of dollars they have injected into blockchain technology has found that companies are prioritizing government-related developments and financial sector solutions.
The report, published by Securities Daily (via East Money), looked...
Digital Ruble Can Help Track Government Spending, Bank of Russia Says
13.10.2020
The Bank of Russia proposed a potential CBDC project Tuesday, but wants public comments before proceeding
Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook
28.9.2020
U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues...
Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending
24.9.2020
Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere
Ethereum Classic Suffers 51% Attack Again: Delisting Risk Amplified
30.8.2020
Beleaguered Ethereum Classic (ETC) blockchain suffered yet another 51% attack on August 29. The latest attack caused the reorganization of over 7,000 blocks and this corresponds to approximately two days of mining. At the time of reporting, it was not clear if there had been any double-spending...
This South Korean City is Spending Millions to Turn People Into Blockchain Experts
20.8.2020
Daegu is still in the race for blockchain dominance
Wirex Launching in US After Receiving State Money Transmission License
10.8.2020
Wirex has received its first money transmission license in the U.S., where the company is now gearing up to launch its “next-gen cryptocurrency platform linked to a spending card.” US Expansion Wirex announced Friday that it has received its first U.S. money transmission license and...
$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network
6.8.2020
The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire...
Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market
31.7.2020
Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many...
Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser
29.7.2020
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually...
South Korea Might Soon be Spending Billions on Blockchain Development
14.7.2020
President Moon Jae-in wants to allocate billions of dollars to strengthen industry 4.0 technology
One of Ripple’s Co-Founders Is Spending a Fortune Installing Cameras in San Francisco
10.7.2020
Chris Larsen funded a massive surveillance camera network across San Francisco’s streets as an “alternative” urban security system
Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending
2.7.2020
A standard way to transact Bitcoin could be vulnerable to double-spending and DoS attacks, ZenGo has found
US Debt Hits $26T or 2.6B Bitcoin as OECD Demands COVID-19 Spending
11.6.2020
The U.S.’ latest national debt landmark comes as Bitcoin circles $10,000 and puts the cryptocurrency’s digital scarcity back in the spotlight
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....
How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’
16.5.2020
Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes. The crypto entrepreneur places BTC besides gold, as a go-to store...
IDC: EU Blockchain Spending Will See Temporary Drop Due to COVID-19
8.5.2020
The IDC has revised down its forecasts for EU enterprise spending on blockchain development in the next few years due to the COVID-19 pandemic
Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours
21.4.2020
The Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling...
Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending
3.4.2020
A lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance...
Are You Spending More Than What You Earn? Here’s How You Can Change That
14.3.2020
Financial experts often stress the importance of having savings, or an emergency fund. However, numerous people often find it quite challenging to save, let alone make ends meet with what they are earning. If you are one of those struggling to keep a saving account funded because you tend to spend...