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MUFG Bank Issues First Blockchain-powered Letter of Credit + More News
10.1.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
Japanese financial behemoth Mitsubishi UFG (MUFG)’s banking arm has announced that it has issued its first...
Blockchain and Crypto: Will Security Issues Finally Be Dealt With in 2020?
9.1.2020
There are some possibilities that the crypto space would become more secure in 2020: What should we expect?
bloXroute Resolves Bitcoin Scalability Issues Through Network Layer Processing
8.1.2020
New Year 2020 has made its rocking start with the world going crazy as it is the start of a new exciting decade opening new doors to success and achievements. For the crypto industry, the past decade had been quite exciting as Bitcoin gained popularity and acceptance from the industrial domain....
Multi-Thumb Sliders: Particular Two-Thumb Case
7.1.2020
This is a concept I first came across a few years back when Lea Verou wrote an article on it. Multi-range sliders have sadly been removed from the spec since, but something else that has happened in the meanwhile is that CSS got better — and so have I, so I recently decided to make my...
G7 Member Issues Warning of Digital Yuan ‘Dangers’
6.1.2020
Taro Aso. Source: a video screenshot, Youtube, Milken Institute
Japan’s Finance Minister Taro Aso has warned bankers in the country of potential problems caused by China’s forthcoming digital yuan launch – hinting that a Beijing-issued digital fiat could cause a rift between Tokyo...
User Reports Reveal Visa and Mastercard Outages During the Holidays
27.12.2019
Having problems with payments around Christmas can be frustrating, especially for those who leave gift buying till the last minute. With calmer markets this holiday season, the crypto ecosystem has been operating relatively smoothly, with few exceptions. The fiat world, however, saw some glitches...
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...
Regulatory Issues Need More Clarity in 2020
22.12.2019
In this state of regulatory uncertainty, blockchain conferences help to find common ground between founders, developers and regulators
Why Quantum Computing’s Threat to Crypto May Be Further out Than Previously Thought
22.12.2019
According to one researcher, quantum computing faces more hurdles than many realize when it comes to achieving viability in breaking encryption. In a recent report Dr. Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University, notes that there are issues...
Investment Giant Fortress Issues New Buyout Offer for Mt Gox Creditor Claims
20.12.2019
Creditors have until December 31 to accept the offer
Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan
19.12.2019
Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30
Indian Lawmaker Says ‘Cryptocurrency Is Inevitable’
15.12.2019
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where...
JP Morgan Will Launch IIN Network in Japan to Address AML Issues
11.12.2019
Multinational investment bank JP Morgan is all set to launch its blockchain-powered payment system in Japan. The network, which is christened as Interbank Information Network (IIN), will see the launch early next year. The network will address the issuance of data among other bank networks and will...
CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto
11.12.2019
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but...
Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech
6.12.2019
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses
Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech
6.12.2019
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses
Chinese Central Bank Issues USD 2.8m Worth of Blockchain Bonds
6.12.2019
Source: iStock/杨培培
The People’s Bank of China (PBoC) has issued some USD 2.8 billion worth of blockchain-issued financial bonds to small business loans in China.
Per reports from Xinhua and Naeil Shinmun, the central bank says that it used its “own independently developed blockchain bond issuance...
Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use
29.11.2019
Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns...
US Government Worried Crypto Can Shift Power to Private Sector
28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...
Another Research Paper Finds Flaws With the Lightning Network
26.11.2019
On November 21, researchers from Hungary and Institute for Computer Science and Control published a critical examination of the Lightning Network, the protocol intended to amend BTC’s scalability issues. The researchers’ simulation findings indicate the Lightning Network...